Atlantic Union Bankshares Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

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 and incremental shares related to the Forward Sale Agreements. See Note 10 “Stockholder’s Equity” in Part I, Item I of this Quarterly Report for more information on the Forward Sale Agreements.

The following table presents basic and diluted EPS calculations for the three months ended March 31, (dollars in thousands except per share data):


	Three Months Ended
	March 31,
	2025		2024
Net Income
Net Income	$	49,818	$	49,769
Less: Preferred Stock Dividends		2,967		2,967
Net income available to common shareholders	$	46,851	$	46,802

Weighted average shares outstanding, basic		89,222		75,197
Dilutive effect of stock awards and forward equity sales agreement		851		—
Weighted average shares outstanding, diluted		90,073		75,197

Earnings per common share, basic	$	0.53	$	0.62
Earnings per common share, diluted	$	0.52	$	0.62