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, 2020

13. EARNINGS PER SHARE

Basic EPS is computed by dividing net income to common shareholders, after deducting dividends on preferred stock 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 shareholders for the three and six months ended June 30, 2020 and 2019 (dollars in thousands except per share data):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Net Income:
Income from continuing operations	$	30,709	$	48,908	$	37,798	$	84,623
Income (loss) from discontinued operations		—		(85)		—		(170)
Net income available to common shareholders	$	30,709	$	48,823	$	37,798	$	84,453


Weighted average shares outstanding, basic		78,712		82,062		79,001		79,283
Dilutive effect of stock awards and warrants		11		63		19		62
Weighted average shares outstanding, diluted		78,723		82,125		79,020		79,345


Basic EPS:
EPS from continuing operations	$	0.39	$	0.59	$	0.48	$	1.06
EPS from discontinued operations		—		—		—		—
EPS available to common shareholders	$	0.39	$	0.59	$	0.48	$	1.06

Diluted EPS:
EPS from continuing operations	$	0.39	$	0.59	$	0.48	$	1.06
EPS from discontinued operations		—		—		—		—
EPS available to common shareholders	$	0.39	$	0.59	$	0.48	$	1.06