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, 2021

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 EPS 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):


	2021		2020		2019
Net Income:
Income from continuing operations	$	263,917	$	158,228	$	193,698
Income (loss) from discontinued operations		—		—		(170)
Net income		263,917		158,228		193,528
Less: Preferred Stock Dividends		11,868		5,658		—
Net income available to common shareholders	$	252,049	$	152,570	$	193,528

Weighted average shares outstanding, basic		77,400		78,859		80,201
Dilutive effect of stock awards		18		17		63
Weighted average shares outstanding, diluted		77,418		78,876		80,264

Basic EPS:
EPS from continuing operations	$	3.26	$	1.93	$	2.41
EPS available to common shareholders	$	3.26	$	1.93	$	2.41

Diluted EPS:
EPS from continuing operations	$	3.26	$	1.93	$	2.41
EPS available to common shareholders	$	3.26	$	1.93	$	2.41