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, 2019

18. EARNINGS PER SHARE

Basic EPS is computed by dividing net income available to common shareholders 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.

The following table presents earnings per share from continuing operations, discontinued operations and total net income available to common shareholders for the years ended December 31, (in thousands except per share data):


	2019		2018		2017
Net Income:
Income from continuing operations	$	193,698	$	149,413	$	72,176
Income (loss) from discontinued operations		(170)		(3,165)		747
Net income available to common shareholders	$	193,528	$	146,248	$	72,923

Weighted average shares outstanding, basic		80,201		65,859		43,699
Dilutive effect of stock awards and warrants		63		50		81
Weighted average shares outstanding, diluted		80,264		65,909		43,780

Basic EPS:
EPS from continuing operations	$	2.41	$	2.27	$	1.65
EPS from discontinued operations		—		(0.05)		0.02
EPS available to common shareholders	$	2.41	$	2.22	$	1.67

Diluted EPS:
EPS from continuing operations	$	2.41	$	2.27	$	1.65
EPS from discontinued operations		—		(0.05)		0.02
EPS available to common shareholders	$	2.41	$	2.22	$	1.67