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, 2026

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, while excluding any anti-dilutive weighted shares outstanding. Refer to Note 10 “Stockholders’ Equity” within this Item 1 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):


	2026		2025
Net Income
Net Income	$	122,165	$	49,818
Less: Preferred stock dividends		2,967		2,967
Net income available to common shareholders	$	119,198	$	46,851

Weighted average shares outstanding, basic		141,902		89,222
Dilutive effect of stock awards and Forward Sale Agreements		379		851
Weighted average shares outstanding, diluted		142,281		90,073

Earnings per common share, basic	$	0.84	$	0.53
Earnings per common share, diluted	$	0.84	$	0.52