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, 2024

11. 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 periods ended (dollars in thousands except per share data):


	Three Months Ended
	March 31,
	2024		2023
Net Income
Net Income	$	49,769	$	35,653
Less: Preferred Stock Dividends		2,967		2,967
Net income available to common shareholders	$	46,802	$	32,686


Weighted average shares outstanding, basic		75,197		74,832
Dilutive effect of stock awards		—		3
Weighted average shares outstanding, diluted		75,197		74,835

Earnings per common share, basic	$	0.62	$	0.44
Earnings per common share, diluted	$	0.62	$	0.44