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, 2020

13. 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.

The following table presents EPS from continuing operations, discontinued operations and total net income available to common stockholders for the three months ended March 31, 2020 and 2019 (dollars in thousands except per share data):


	Three Months Ended
	March 31,
	2020		2019
Net Income:
Income from continuing operations	$	7,089	$	35,716
Income (loss) from discontinued operations		—		(85)
Net income available to common stockholders	$	7,089	$	35,631


Weighted average shares outstanding, basic		79,290		76,472
Dilutive effect of stock awards and warrants		27		61
Weighted average shares outstanding, diluted		79,317		76,533


Basic EPS:
EPS from continuing operations	$	0.09	$	0.47
EPS from discontinued operations		—		—
EPS available to common stockholders	$	0.09	$	0.47

Diluted EPS:
EPS from continuing operations	$	0.09	$	0.47
EPS from discontinued operations		—		—
EPS available to common stockholders	$	0.09	$	0.47