Atlantic Union Bankshares Corp 8-K

What Happened

• Atlantic Union Bankshares Corp (via its indirect subsidiary Union Insurance Group, LLC) announced on May 1, 2026 that it completed the sale of its interest in Bearing Insurance Group, LLC to an unaffiliated third party.
• The company estimates it will recognize a pre-tax gain of approximately $32.3 million on the transaction, which it expects to include in its financial results for the second quarter of 2026. The information was reported in an 8-K filed May 1, 2026 under Item 8.01.

Key Details

• Transaction effective date: May 1, 2026.
• Seller: Union Insurance Group, LLC (an indirect subsidiary of Atlantic Union).
• Estimated pre-tax gain: approximately $32.3 million, to be recorded in Q2 2026 results.
• Buyer: an unaffiliated third party (no buyer identity disclosed in the filing).

Why It Matters

• The estimated $32.3M pre-tax gain is a one-time financial impact that will be included in Atlantic Union’s reported results for Q2 2026 and may materially affect that quarter’s reported income.
• The company notes this estimate is based on information available as of the filing date and could change (for example, due to post-closing purchase price or other adjustments). Investors should consider the gain as a non-recurring item and review upcoming quarterly filings for final reported amounts and any adjustments.