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 (Tables)

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of the Denominators of the Basic and Diluted EPS Computations

The following table presents basic and diluted EPS calculations for the three and six months ended June 30, 2022 and 2021 (dollars in thousands except per share data):


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2022			2021			2022			2021
Net Income:
Net Income		$	62,226		$	85,384		$	105,916		$	141,573
Less: Preferred Stock Dividends			2,967			2,967			5,934			5,934
Net income available to common shareholders		$	59,259		$	82,417		$	99,982		$	135,639


Weighted average shares outstanding, basic			74,848			78,820			75,194			78,842
Dilutive effect of stock awards			2			24			7			22
Weighted average shares outstanding, diluted			74,850			78,844			75,201			78,864

Earnings per common share, basic		$	0.79		$	1.05		$	1.33		$	1.72
Earnings per common share, diluted		$	0.79		$	1.05		$	1.33		$	1.72