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

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 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, and excluding weighted shares outstanding for which the results would have been anti-dilutive. 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 and six months ended June 30, (dollars in thousands except per share data):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Net Income
Net Income	$	19,791	$	25,161	$	69,610	$	74,930
Less: Preferred Stock Dividends		2,967		2,967		5,934		5,934
Net income available to common shareholders	$	16,824	$	22,194	$	63,676	$	68,996

Weighted average shares outstanding, basic		141,680		89,768		115,596		82,483
Dilutive effect of stock awards and forward equity sale agreements		58		—		461		—
Weighted average shares outstanding, diluted		141,738		89,768		116,057		82,483

Earnings per common share, basic	$	0.12	$	0.25	$	0.55	$	0.84
Earnings per common share, diluted	$	0.12	$	0.25	$	0.55	$	0.84