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, 2022

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, 2022 and 2021 (dollars in thousands except per share data):


	Three Months Ended
	March 31,
	2022		2021
Net Income:
Net Income	$	43,690	$	56,189
Less: Preferred Stock Dividends		2,967		2,967
Net income available to common shareholders	$	40,723	$	53,222


Weighted average shares outstanding, basic		75,545		78,863
Dilutive effect of stock awards		11		21
Weighted average shares outstanding, diluted		75,556		78,884

Earnings per common share, basic	$	0.54	$	0.67
Earnings per common share, diluted	$	0.54	$	0.67