American National Bankshares Inc (AMNB) |
|
Price: $45.4900
$0.92
2.064%
|
Day's High:
| $45.57
| Week Perf:
| -3.05 %
|
Day's Low: |
$ 44.00 |
30 Day Perf: |
1.31 % |
Volume (M): |
48 |
52 Wk High: |
$ 50.76 |
Volume (M$): |
$ 2,170 |
52 Wk Avg: |
$37.97 |
Open: |
$44.00 |
52 Wk Low: |
$25.26 |
|
|
Market Capitalization (Millions $) |
484 |
Shares
Outstanding (Millions) |
11 |
Employees |
303 |
Revenues (TTM) (Millions $) |
102 |
Net Income (TTM) (Millions $) |
26 |
Cash Flow (TTM) (Millions $) |
-7 |
Capital Exp. (TTM) (Millions $) |
2 |
American National Bankshares Inc
American National Bankshares Inc. is a one-bank holding company organized under
the laws of the Commonwealth of Virginia in 1984. On September 1, 1984, the
Company acquired all of the outstanding capital stock of American National Bank
and Trust Company, a national banking association chartered in 1909 under the
laws of the United States. American National Bank and Trust Company is the only
banking subsidiary of the Company.
On July 1, 2011, the Company completed its acquisition of MidCarolina Financial
Corporation ("MidCarolina") pursuant to the terms and conditions of
the Agreement and Plan of Reorganization, dated December 15, 2010, between the
Company and MidCarolina. MidCarolina was headquartered in Burlington, North
Carolina, and engaged in banking operations through its subsidiary bank, MidCarolina
Bank. The transaction has expanded the Companys footprint in North Carolina,
adding eight branches in Alamance and Guilford Counties.
The Company has two reportable segments, (i) community banking and (ii) trust
and investment services.
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as
amended (the "Interstate Banking Act"), generally permits well capitalized
bank holding companies to acquire banks in any state, and preempts all state
laws restricting the ownership by a bank holding company of banks in more than
one state. The Interstate Banking Act also permits a bank to merge with an out-of-state
bank and convert any offices into branches of the resulting bank if both states
have not opted out of interstate branching; and permits a bank to acquire branches
from an out-of-state bank if the law of the state where the branches are located
permits the interstate branch acquisition. Under the Dodd-Frank Act, a bank
holding company or bank must be well capitalized and well managed to engage
in an interstate acquisition. Bank holding companies and banks are required
to obtain prior FRB approval to acquire more than 5% of a class of voting securities,
or substantially all of the assets, of a bank holding company, bank or savings
association. The Interstate Banking Act and the Dodd-Frank Act permit banks
to establish and operate de novo interstate branches to the same extent a bank
chartered by the host state may establish branches.
Company Address: 628 Main Street Danville 24541 VA
Company Phone Number: 792-5111 Stock Exchange / Ticker: NASDAQ AMNB
|
|
Customers Net Income fell by |
AMNB's Customers Net Profit Margin fell to |
-4.47 % |
6.14 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
American National Bankshares Inc
The announcement of a quarterly cash dividend of $0.30 per common share by American National Bankshares Inc. (NASDAQ: AMNB) has garnered attention from investors and financial analysts alike. This dividend is scheduled to be distributed to shareholders on December 15, 2023, with only those shareholders registered by December 1, 2023, being eligible to receive the payout. However, recent financial reports from the bank paint a mixed picture. The company reported fourth quarter 2023 earnings of $4.0 million, or $0.38 per diluted common share, marking a significant decrease from the same quarter in the prior year. Additionally, earnings for the twelve months ended December 31, 2023, were lower than the previous year, coming in at $26.2 million, or $2.46 per diluted common share.
|
Dividend
Published Tue, Nov 21 2023 8:15 PM UTC
American National Bankshares Inc. (NASDAQ: AMNB) recently announced the declaration of a quarterly cash dividend of $0.30 per common share. The parent company of American National Bank and Trust Company will distribute this dividend to shareholders on December 15, 2023. This article will highlight the key facts of the announcement, contextualize the current perform...
|
American National Bankshares Inc
/>American National Bankshares Inc., a renowned financial institution, recently released its financial results for the third quarter of 2023. The numbers indicate a decline in revenue, net income, and earnings per share (EPS) compared to the same period the previous year. This article aims to interpret these findings and discuss their potential implications for the company's future performance. 1. Revenue Drop: In the July to September 2023 interval, American National Bankshares Inc. experienced a revenue decrease of 7.733% to $25.98 million. This decline is concerning as it indicates a potential slowdown in the company's core operations. By contrasting these numbers with the revenue of $25.24 million in the previous reporting season, it is clear that there is a downward trend.
|
American National Bankshares Inc
American National Bankshares Inc, a commercial bank company, recently announced disappointing financial results for the fiscal quarter ending on June 30, 2023. The company's earnings per share (EPS) deteriorated by 11.84% to $0.67 from $0.76 in the previous year. Meanwhile, its revenue also experienced a decline of 1.985% to $25.24 million, compared to $27.27 million in the same period last year. These figures indicate a setback for American National Bankshares Inc, particularly as the average revenue for the commercial banks sector saw an improvement in the second quarter of 2023. In the prior reporting period, the company had an income of $0.86 per share and revenue of $27.27 million, indicating a decline of 7.452%.
|
American National Bankshares Inc
Investors, get ready to rejoice! The latest report from American National Bankshares Inc (AMNB) has brought in some exciting news for those who have vested interests in the stock market. The bank reported a steady revenue improvement of 1.701% to $27.27 million in the January to March 31 2023 quarter, showcasing its resilience in the face of an ever-changing economic environment. Profits were also up by a modest 2.38% to $0.86 year on year. This is indeed a promising development, especially considering the economic uncertainties that the world has been experiencing over the past year or so. In fact, revenue increased by 1.975% from $26.74 million in the previous period, pointing towards a steady growth trend in the bank's financials. Thanks to this, net profits totaled an impressive $9.157 million in the first quarter of 2023, showing an increase of 1.76% from the net earnings of $8.999 million reported in the first quarter of 2023 a year ago.
|
Per Share |
Current |
Earnings (TTM) |
2.07 $ |
Revenues (TTM) |
9.63 $
|
Cash Flow (TTM) |
- |
Cash |
52.01 $
|
Book Value |
32.27 $
|
Dividend (TTM) |
1.2 $ |
|
Per Share |
|
Earnings (TTM) |
2.07 $
|
Revenues (TTM) |
9.63 $ |
Cash Flow (TTM) |
- |
Cash |
52.01 $
|
Book Value |
32.27 $ |
Dividend (TTM) |
1.2 $ |
|
|
|
|