American National Bankshares: Q1 Earnings Snapshot
April 22, 2021 GMT
The Danville, Virginia-based bank said it had earnings of $1.03 per share.
The bank holding company posted revenue of $30.1 million in the period. Its revenue net of interest expense was $28.3 million, surpassing Street forecasts.
American National Bankshares shares have climbed 21% since the beginning of the year. The stock has increased 49% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMNB at https://www.zacks.com/ap/AMNB
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DANVILLE, Va., April 22, 2021 (GLOBE NEWSWIRE) American National Bankshares Inc. (NASDAQ: AMNB) (“American National” or the “Company”) today reported first quarter 2021 earnings of $11.3 million, or $1.03 per diluted common share. Those results compare to net income of $8.5 million, or $0.77 per diluted common share, during the same quarter in the prior year, and net income of $8.8 million, or $0.80 per diluted common share, recognized for the fourth quarter of 2020.
President and Chief Executive Officer Jeffrey V. Haley commented, “We are certainly pleased with our first quarter results, with growth noted in revenues and in particular our noninterest lines of business. We are encouraged by the optimism surrounding the potential end of the pandemic and prospects for the economy with continued stimulus support.
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Price action over last quarter: Up 17.51%
Company Profile
American National Bankshares Inc is a one-bank holding company. The bank provides personal banking services such as checking, deposits, savings, loans, treasury management, and other services to individual and corporate customers. It operates in two segments namely Community banking which involves making loans and generating deposits from individuals and businesses and Trust and investment segment which provide estate planning, trusts account administration, investment management, and retail brokerage as well as purchasing of equity, fixed income, and mutual fund investments for customer accounts. The bank generates its revenue in the form of interests.
American National Bankshares Reports Fourth Quarter and Full Year 2020 Earnings
DANVILLE, Va., Jan. 21, 2021 (GLOBE NEWSWIRE) American National Bankshares Inc. (NASDAQ: AMNB) (“American National” or the “Company”) today reported fourth quarter 2020 earnings of $8.8 million, or $0.80 per diluted common share. Those results compare to $7.4 million, or $0.67 per diluted common share, during the same quarter in the prior year, and net income of $7.2 million, or $0.66 per diluted common share, recognized for the third quarter of 2020. Earnings for the twelve months ended December 31, 2020 were $30.0 million, or $2.73 per diluted common share, compared to $20.9 million, or $1.98 per diluted common share for the same period of 2019. Earnings for the twelve months ended December 31, 2019 were impacted by $11.8 million in merger related expenses.