AUB · Atlantic Union Bankshares Corporation

This disposition reflects a strategic realignment of Atlantic Union Bankshares Corporation’s insurance-related assets. The Company exited its ownership stake in Bearing Insurance Group, LLC — held via its indirect subsidiary Union Insurance Group, LLC — through a sale to an unaffiliated third party. While the filing confirms the closing date and estimates a $32.3 million pre-tax gain, it explicitly states that this figure is preliminary and subject to post-closing purchase price adjustments and other variables beyond the Company’s control. No details regarding consideration amount, payment terms, or valuation methodology are provided. The gain will impact Q2 2026 earnings but is non-recurring and does not reflect core banking operations. Investors should note the cautionary language emphasizing the forward-looking nature of the gain estimate and the absence of definitive financial terms — limiting near-term modeling precision. The transaction appears consistent with broader industry trends of banks streamlining non-core insurance ventures, though no strategic rationale is articulated in the filing.