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

9 Months Ended

Sep. 30, 2024

13. 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 nine months ended September 30, (dollars in thousands except per share data):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net Income
Net Income	$	76,415	$	54,017	$	151,346	$	144,911
Less: Preferred Stock Dividends		2,967		2,967		8,901		8,901
Net income available to common shareholders	$	73,448	$	51,050	$	142,445	$	136,010

Weighted average shares outstanding, basic		89,781		74,999		84,933		74,943
Dilutive effect of stock awards		—		—		—		1
Weighted average shares outstanding, diluted		89,781		74,999		84,933		74,944

Earnings per common share, basic	$	0.82	$	0.68	$	1.68	$	1.81
Earnings per common share, diluted	$	0.82	$	0.68	$	1.68	$	1.81