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, 2021

12. 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 basic and diluted EPS calculations for the three and six months ended June 30, 2021 and 2020 (dollars in thousands except per share data):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Net Income:
Net Income	$	85,384	$	30,709	$	141,573	$	37,798
Less: Preferred Stock Dividends		2,967		—		5,934		—
Net income available to common shareholders	$	82,417	$	30,709	$	135,639	$	37,798


Weighted average shares outstanding, basic		78,820		78,712		78,842		79,001
Dilutive effect of stock awards		24		11		22		19
Weighted average shares outstanding, diluted		78,844		78,723		78,864		79,020

Earnings per common share, basic	$	1.05	$	0.39	$	1.72	$	0.48
Earnings per common share, diluted	$	1.05	$	0.39	$	1.72	$	0.48