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, 2015

16.EARNINGS PER SHARE

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 79,315 anti-dilutive stock options for the year ended December 31, 2015, compared to 169,670 and 104,126 shares for the years ended December 31, 2014 and 2013, respectively, which 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 years ended December 31, 2015, 2014, and 2013 (in thousands except per share data):


	Net Income (Numerator)	Weighted Average Shares (Denominator)	Per Share Amount
For the Year Ended December 31, 2015
Basic EPS	$ 67,079	45,055	$1.49
Effect of dilutive stock awards	-	84	-
Diluted EPS	$ 67,079	45,139	$1.49

For the Year Ended December 31, 2014
Basic EPS	$ 52,164	46,036	$ 1.13
Effect of dilutive stock awards	-	95	-
Diluted EPS	$ 52,164	46,131	$ 1.13

For the Year Ended December 31, 2013
Basic EPS	$ 34,366	24,975	$ 1.38
Effect of dilutive stock awards	-	56	-
Diluted EPS	$ 34,366	25,031	$ 1.37