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, 2016

Basic EPS is computed by dividing net income available to common stockholders 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.

There were approximately 118 and 51,179 shares underlying anti-dilutive awards for the three months ended September 30, 2016 and 2015, respectively, and there were approximately 579 and 54,475 shares underlying anti-dilutive awards for the nine months ended September 30, 2016 and 2015, respectively. Anti-dilutive awards were excluded from the calculation of diluted EPS.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and nine months ended September 30, 2016 and 2015 (in thousands except per share data):



	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)	Per Share Amount
Three months ended September 30, 2016
Net income, basic	$	20,401	43,566	$	0.47
Add: potentially dilutive common shares - stock awards	—		189	—
Diluted	$	20,401	43,755	$	0.47
Three months ended September 30, 2015
Net income, basic	$	18,216	45,087	$	0.40
Add: potentially dilutive common shares - stock awards	—		84	—
Diluted	$	18,216	45,171	$	0.40
Nine months ended September 30, 2016
Net income, basic	$	56,699	43,854	$	1.29
Add: potentially dilutive common shares - stock awards	—		114	—
Diluted	$	56,699	43,968	$	1.29
Nine months ended September 30, 2015
Net income, basic	$	49,264	45,107	$	1.09
Add: potentially dilutive common shares - stock awards	—		82	—
Diluted	$	49,264	45,189	$	1.09