Brian Wozinski

Brian Wozinski inquired about the primary drivers of Atlantic Union Bankshares' strong loan growth in the fourth quarter, specifically asking where the most traction was observed among the Sandy Spring footprint, North Carolina, and specialty banking businesses, and which areas are near-term versus longer-term contributors. He also asked about the expected cadence of loan growth in the first half of 2026, considering Q4 seasonality and any tailwinds from the government shutdown.

Answer

Dave Ring, Executive Vice President, highlighted that the Sandy Spring franchise had 'turned the corner' with positive results, North Carolina was 'steady as she goes' with ongoing hiring, specialty businesses contributed significantly, and Virginia showed broad-based strength. John Asbury, President and CEO, explained that Q4 is traditionally seasonally strong due to year-end business motivations, and while Q1 is typically slower, he expects loan growth to build throughout 2026, with a usual dip in Q3.

Brian Wodzinski asked about the specific loan growth focus areas (Sandy Spring footprint, North Carolina, specialty banking) that showed the most traction in the fourth quarter and which areas are expected to be near-term drivers versus those requiring more time. He also questioned the seasonality of Q4 loan growth and whether the current cadence could be maintained into the first half of 2026.

Answer

Wholesale Banking Executive David Ring indicated strong performance across all areas, with the Sandy Spring franchise turning a corner, North Carolina showing steady growth, and specialty businesses contributing significantly to Q4. CEO John Asbury explained that Q4 is traditionally seasonally strong due to year-end business motivations, while Q1 is typically slower, with growth building throughout the year.