Atlantic Union tops Q2 common equity issuances by U.S. banks - report

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Atlantic Union Bankshares (NYSE:AUB [https://seekingalpha.com/symbol/AUB]) led the common equity issuances by U.S. banks in the second quarter, a report [https://www.capitaliq.com/CIQDotNet/News/Article.aspx?listobjectid=2668699&newsItemId=322709119&stateKey=9478b86cad7e458282c739df57d39825] by S&P Global Market Intelligence showed.

The Glen Allen, VA-based lender raised $386.4M during the quarter, having closed [https://seekingalpha.com/pr/20052211-atlantic-union-bankshares-corporation-completes-acquisition-of-sandy-spring-bancorp-inc] an all-stock acquisition of Sandy Spring Bancorp (SASR) on April 1.

Orange County Bancorp's (OBT [https://seekingalpha.com/symbol/OBT]) $46M stock offering [https://seekingalpha.com/news/4455227-orange-county-bancorp-drops-6-prices-40m-stock-offering] was the second-largest common equity issuance, noted the report.

Winchester Bancorp (WSBK [https://seekingalpha.com/symbol/WSBK]) followed with the closing of a $40M initial public offering [https://seekingalpha.com/pr/20086010-winchester-bancorp-inc-announces-closing-of-initial-public-offering] on April 30, according to Market Intelligence.

Other big equity issuances include:

* Marathon Bancorp's (MBBC [https://seekingalpha.com/symbol/MBBC]) $16.9M offering [https://seekingalpha.com/pr/20073133-marathon-bancorp-inc-announces-completion-of-conversion-and-related-stock-offering]
* Patriot National Bancorp's (PNBK [https://seekingalpha.com/symbol/PNBK]) $10.7M offering [https://seekingalpha.com/news/4456086-patriot-national-bancorp-raises-10m-in-direct-stock-offering]
* Oak View Bankshares' (OTCPK:OAKV [https://seekingalpha.com/symbol/OAKV]) $7.8M offering [https://seekingalpha.com/pr/20055482-oak-view-bankshares-inc-announces-completion-of-common-stock-offering]

SENIOR DEBT ISSUANCES

Wells Fargo & Company (WFC [https://seekingalpha.com/symbol/WFC]) reportedly led the senior debt issuances by U.S. banks, having raised $8B during the second quarter.

JPMorgan Chase (JPM [https://seekingalpha.com/symbol/JPM]) was the next on the list. The New York, NY-based banking giant is said to have issued $6B worth of senior debt.

Other significant senior debt offerings include:

* Citigroup's (C [https://seekingalpha.com/symbol/C]) $4.35B offering
* Bank of America's (BAC [https://seekingalpha.com/symbol/BAC]) $3B offering
* State Street's (STT [https://seekingalpha.com/symbol/STT]) $2B offering
* Bank of New York Mellon's (BK [https://seekingalpha.com/symbol/BK]) $2B offering
* PNC Financial's (PNC [https://seekingalpha.com/symbol/PNC]) $1.25B offering
* M&T Bank's (MTB [https://seekingalpha.com/symbol/MTB]) $750M offering

MORE ON ATLANTIC UNION BANK

* Atlantic Union Bankshares: Looking Cheap After The Sandy Spring Deal [https://seekingalpha.com/article/4798985-atlantic-union-bankshares-looking-cheap-after-sandy-spring-deal]
* Atlantic Union Bankshares Corporation (AUB) Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4777844-atlantic-union-bankshares-corporation-aub-q1-2025-earnings-call-transcript]
* Atlantic Union Bankshares: 5.2% Yield, Buy The Selloff [https://seekingalpha.com/article/4777761-atlantic-union-bankshares-5-2-percent-yield-buy-the-selloff]
* Atlantic Union Bankshares CFO Robert Gorman to retire by March 2026 [https://seekingalpha.com/news/4451513-atlantic-union-bankshares-cfo-robert-gorman-to-retire-by-march-2026]
* Atlantic union bankshares projects $28B-$29B year-end loan balances for 2025 [https://seekingalpha.com/news/4435168-atlantic-union-bankshares-projects-28b-29b-year-end-loan-balances-for-2025]