Atlantic Union Bankshares Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

18. 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.

The following table presents EPS from continuing operations, discontinued operations and total net income available to common shareholders for the years ended December 31, (in thousands except per share data):


	2020		2019		2018
Net Income:
Income from continuing operations	$	158,228	$	193,698	$	149,413
Income (loss) from discontinued operations		—		(170)		(3,165)
Net income		158,228		193,528		146,248
Preferred Stock Dividends		5,658		—		—
Net income available to common shareholders	$	152,570	$	193,528	$	146,248

Weighted average shares outstanding, basic		78,859		80,201		65,859
Dilutive effect of stock awards and warrants		17		63		50
Weighted average shares outstanding, diluted		78,876		80,264		65,909

Basic EPS:
EPS from continuing operations	$	1.93	$	2.41	$	2.27
EPS from discontinued operations		—		—		(0.05)
EPS available to common shareholders	$	1.93	$	2.41	$	2.22

Diluted EPS:
EPS from continuing operations	$	1.93	$	2.41	$	2.27
EPS from discontinued operations		—		—		(0.05)
EPS available to common shareholders	$	1.93	$	2.41	$	2.22