Atlantic Union Bankshares Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 2011

13. EARNINGS PER SHARE

The basic EPS calculation 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. Amortization of discount and dividends on the preferred stock is treated as a reduction of the numerator in calculating basic and diluted EPS.

There were approximately 383,101, 259,682 and 176,531 shares underlying anti-dilutive options as of December 31, 2011, 2010, and 2009, 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 years ended December 31, 2011, 2010 and 2009 (in thousands except per share data):


	Net Income Available to Common Stockholders (Numerator)		Weighted Average Shares (Denominator)		Per Share Amount
For the Year Ended December 31, 2011
Basic EPS	$	27,769		25,981	$	1.07
Effect of dilutive stock awards		—		29		—

Diluted EPS	$	27,769		26,010	$	1.07

For the Year Ended December 31, 2010
Basic EPS	$	21,008		25,222	$	0.83
Effect of dilutive stock awards		—		46		—

Diluted EPS	$	21,008		25,268	$	0.83

For the Year Ended December 31, 2009
Basic EPS	$	2,874		15,161	$	0.19
Effect of dilutive stock awards		—		41		—

Diluted EPS	$	2,874		15,202	$	0.19

- Definition

The entire disclosure for earnings per share.

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