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

9 Months Ended

Sep. 30, 2015

11.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 51,179 and 155,433 shares underlying anti-dilutive awards for the three months ended September 30, 2015 and 2014, respectively, and there were approximately 54,475 and 130,499 shares underlying anti-dilutive awards for the nine months ended September 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 nine months ended September 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 September 30, 2015
Net income, basic	$	18,216	45,087	$	0.40
Add: potentially dilutive common shares - stock awards		-	84		-
Diluted	$	18,216	45,171	$	0.40

For the three months ended September 30, 2014
Net income, basic	$	14,817	45,649	$	0.32
Add: potentially dilutive common shares - stock awards		-	89		-
Diluted	$	14,817	45,738	$	0.32

For the nine months ended September 30, 2015
Net income, basic	$	49,264	45,107	$	1.09
Add: potentially dilutive common shares - stock awards		-	82		-
Diluted	$	49,264	45,189	$	1.09

For the nine months ended September 30, 2014
Net income, basic	$	37,199	46,269	$	0.80
Add: potentially dilutive common shares - stock awards		-	98		-
Diluted	$	37,199	46,367	$	0.80