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

3 Months Ended

Mar. 31, 2014

12.EARNINGS PER SHARE

Basic 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 212,306 and 234,300 shares underlying anti-dilutive awards as of March 31, 2014 and 2013, respectively, which were excluded from the calculation of diluted EPS.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three months ended March 31, 2014 and 2013 (in thousands except per share data):


	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)	Per Share Amount
For the Three Months ended March 31, 2014
Net income, basic	$	7,815	46,977	$	0.17
Add: potentially dilutive common shares - stock awards		-	103		-
Diluted	$	7,815	47,080	$	0.17

For the Three Months ended March 31, 2013
Net income, basic	$	8,983	25,063	$	0.36
Add: potentially dilutive common shares - stock awards		-	75		-
Diluted	$	8,983	25,138	$	0.36

- Definition

The entire disclosure for earnings per share.

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