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, 2026

12. 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 9 “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 and six months ended June 30, (dollars in thousands except per share data):


	Three Months Ended				Six Months Ended
	2026		2025		2026		2025
Net Income
Net Income	$	161,013	$	19,791	$	283,179	$	69,610
Less: Preferred stock dividends		2,967		2,967		5,934		5,934
Net income available to common shareholders	$	158,046	$	16,824	$	277,245	$	63,676

Weighted average shares outstanding, basic		142,099		141,680		142,001		115,596
Dilutive effect of stock awards and Forward Sale Agreements		222		58		300		461
Weighted average shares outstanding, diluted		142,321		141,738		142,301		116,057

Earnings per common share, basic	$	1.11	$	0.12	$	1.95	$	0.55
Earnings per common share, diluted	$	1.11	$	0.12	$	1.95	$	0.55