Atlantic Union Bankshares Corp 8-K

What Happened
Atlantic Union Bankshares Corporation (AUB) filed a Form 8-K on May 5, 2026 announcing that its Board authorized a share repurchase program of up to $250 million and declared quarterly dividends on both common and Series A preferred stock. The common dividend is $0.37 per share (payable June 5, 2026 to holders of record May 22, 2026). The Series A preferred dividend equals $171.88 per share (or $0.43 per depositary share), payable June 1, 2026 to holders of record May 15, 2026.

Key Details

• Board authorized a share repurchase program to buy up to $250 million of common stock, in open-market or privately negotiated transactions.
• Repurchases may be made under Rule 10b5-1 trading plans and/or Rule 10b-18; authorization runs through May 5, 2027 but can be modified or ended at any time.
• Common stock dividend: $0.37 per share; record date May 22, 2026; payable June 5, 2026.
• Series A preferred dividend: $171.88 per preferred share (equivalent to $0.43 per depositary share); record date May 15, 2026; payable June 1, 2026.

Why It Matters
A $250 million buyback authorization signals the Board’s intent to return capital and can reduce share count over time, which may support earnings per share. The program does not obligate the company to buy any shares and actual repurchases will depend on market price, equity issuances, economic conditions, and regulatory factors. The declared dividends provide near-term cash returns to common and preferred shareholders with specified record and payment dates.