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, 2015

12.EARNINGS PER SHARE

Basic EPS is 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 53,625 and 160,768 shares underlying anti-dilutive awards for the three months ended June 30, 2015 and 2014, respectively, and there were approximately 56,151 and 134,785 shares underlying anti-dilutive awards for the six months ended June 30, 2015 and 2014, respectively. Anti-dilutive awards 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 and six months ended June 30, 2015 and 2014 (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 June 30, 2015
Net income, basic	$	15,348	45,129	$	0.34
Add: potentially dilutive common shares - stock awards		-	81		-
Diluted	$	15,348	45,210	$	0.34

For the three months ended June 30, 2014
Net income, basic	$	14,673	46,195	$	0.32
Add: potentially dilutive common shares - stock awards		-	102		-
Diluted	$	14,673	46,297	$	0.32

For the six months ended June 30, 2015
Net income, basic	$	31,049	45,117	$	0.69
Add: potentially dilutive common shares - stock awards		-	81		-
Diluted	$	31,049	45,198	$	0.69

For the six months ended June 30, 2014
Net income, basic	$	22,382	46,584	$	0.48
Add: potentially dilutive common shares - stock awards		-	103		-
Diluted	$	22,382	46,687	$	0.48