Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

11. EARNINGS PER SHARE

Basic earnings per common share (“EPS”) was computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards. There were approximately 226,624 and 591,124 shares underlying anti-dilutive stock awards as of June 30, 2013 and 2012, respectively.

The following is a reconcilement of the denominators of the basic and diluted EPS computations for the three and six months ended June 30, 2013 and 2012 (dollars and shares in thousands, except per share amounts):


	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)	Per Share Amount
For the Three Months ended June 30, 2013
Net income, basic	$	9,463	24,722	$	0.38
Add: potentially dilutive common shares - stock awards		-	80		-
Diluted	$	9,463	24,802	$	0.38

For the Three Months ended June 30, 2012
Net income, basic	$	8,420	25,868	$	0.32
Add: potentially dilutive common shares - stock awards		-	20		-
Diluted	$	8,420	25,888	$	0.32

For the Six Months ended June 30, 2013
Net income, basic	$	18,446	24,892	$	0.74
Add: potentially dilutive common shares - stock awards		-	78		-
Diluted	$	18,446	24,970	$	0.74

For the Six Months ended June 30, 2012
Net income, basic	$	16,343	25,900	$	0.63
Add: potentially dilutive common shares - stock awards		-	24		-
Diluted	$	16,343	25,924	$	0.63

- Definition

The entire disclosure for earnings per share.

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