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

3 Months Ended

Mar. 31, 2021

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.

The following table presents basic and diluted EPS calculations for the three months ended March 31, 2021 and 2020 (dollars in thousands except per share data):


	Three Months Ended
	March 31,
	2021		2020
Net Income:
Net Income		56,189		7,089
Preferred Stock Dividends		2,967		—
Net income available to common shareholders	$	53,222	$	7,089


Weighted average shares outstanding, basic		78,863		79,290
Dilutive effect of stock awards		21		27
Weighted average shares outstanding, diluted		78,884		79,317

Earnings per common share, basic	$	0.67	$	0.09
Earnings per common share, diluted	$	0.67	$	0.09