AUB · Atlantic Union Bankshares Corporation

The announcement combines two material capital allocation actions: a $250 million share repurchase program and the declaration of quarterly dividends on both common and preferred stock. The buyback authorization — effective through May 5, 2027 — is discretionary, with no obligation to execute, and explicitly allows use of Rule 10b5-1 trading plans, suggesting potential for systematic, pre-planned purchases that may mitigate market impact and signal sustained confidence in the company’s financial position and stock valuation. The common dividend of $0.37 per share represents an 8.8% increase year-over-year, consistent with prior growth trends and supported by the disclosed 4.0% yield based on the May 4, 2026 closing price of $37.21 — though this yield figure appears only in Exhibit 99.2 and is not part of the official 8-K filing text. The preferred dividend on the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, is fixed and non-cumulative, reinforcing the company’s commitment to its capital structure obligations. Neither the main 8-K nor Exhibits 99.1 or 99.2 disclose earnings results, balance sheet data, cash flow metrics, or forward guidance; therefore, the materiality is assessed as MEDIUM — significant for income-focused and capital-return-sensitive investors, but not transformative or operationally indicative.