See more : Gelum Resources Ltd. (GMR.CN) Income Statement Analysis – Financial Results
Complete financial analysis of American National Bankshares Inc. (AMNB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of American National Bankshares Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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American National Bankshares Inc. (AMNB)
About American National Bankshares Inc.
American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates in two segments, Community Banking and Wealth Management. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits. The company's loan products comprise commercial and residential real estate loans, commercial loans to small and medium-sized businesses, construction and land development loans, home equity loans, mortgage loans, and consumer loans. It also offers wealth management services, including estate planning, trust account administration, and retail brokerage services; investment management services, such as purchasing equity, fixed income, and mutual fund investments for customer accounts; online and telephone banking services; and insurance services, as well as operates 37 automated teller machines. As of December 31, 2021, the company operated 26 banking offices in south central Virginia and north central North Carolina; and one loan production office in Roanoke, Virginia. American National Bankshares Inc. was founded in 1909 and is based in Danville, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 138.73M | 109.27M | 112.31M | 100.77M | 92.72M | 72.31M | 69.63M | 63.36M | 62.55M | 52.90M | 57.20M | 61.08M | 49.65M | 35.78M | 34.32M | 34.95M | 38.05M | 36.87M | 31.64M | 29.15M | 29.46M | 28.54M | 27.99M | 26.04M | 23.46M | 22.21M | 20.34M | 3.36M | 2.40M |
| Cost of Revenue | 10.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 138.72M | 109.27M | 112.31M | 100.77M | 92.72M | 72.31M | 69.63M | 63.36M | 62.55M | 52.90M | 57.20M | 61.08M | 49.65M | 35.78M | 34.32M | 34.95M | 38.05M | 36.87M | 31.64M | 29.15M | 29.46M | 28.54M | 27.99M | 26.04M | 23.46M | 22.21M | 20.34M | 3.36M | 2.40M |
| Gross Profit Ratio | 99.99% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 37.76M | 37.29M | 33.21M | 30.40M | 30.13M | 25.42M | 24.89M | 22.48M | 21.62M | 18.32M | 18.55M | 20.77M | 16.50M | 12.83M | 13.25M | 12.79M | 12.44M | 12.03M | 8.45M | 8.49M | 8.66M | 7.99M | 7.77M | 7.23M | 6.53M | 6.27M | 5.89M | 5.00M | 3.83M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 260.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 37.76M | 37.29M | 33.21M | 30.40M | 30.13M | 25.42M | 24.89M | 22.48M | 21.62M | 18.32M | 18.55M | 20.77M | 16.50M | 12.83M | 13.25M | 12.79M | 12.44M | 12.03M | 8.45M | 8.49M | 8.66M | 7.99M | 7.77M | 7.23M | 6.53M | 6.27M | 5.89M | 5.00M | 3.83M |
| Other Expenses | -20.86M | -95.18M | -90.27M | -94.00M | -97.09M | -62.80M | -13.00M | -12.80M | 0.00 | 0.00 | 0.00 | 0.00 | -49.67M | -37.15M | -38.23M | -36.54M | -34.17M | -32.35M | -26.00M | -26.60M | -24.69M | -23.15M | -22.40M | -21.18M | -18.75M | -18.16M | -17.23M | -947.86K | -369.49K |
| Operating Expenses | 20.86M | -57.90M | -57.07M | -63.59M | -66.96M | -34.41M | 13.00M | 12.80M | 40.54M | 34.56M | 35.11M | 36.64M | -33.17M | -24.32M | -24.98M | -23.74M | -21.73M | -20.32M | -17.54M | -18.11M | -16.03M | -15.16M | -14.63M | -13.95M | -12.22M | -11.89M | -11.35M | 4.05M | 3.46M |
| Cost & Expenses | 101.63M | -57.90M | -57.07M | -63.59M | -66.96M | -34.41M | 53.96M | 46.44M | 40.54M | 34.56M | 35.11M | 36.64M | -33.17M | -24.32M | -24.98M | -23.74M | -21.73M | -20.32M | -17.54M | -18.11M | -16.03M | -15.16M | -14.63M | -13.95M | -12.22M | -11.89M | -11.35M | 4.05M | 3.46M |
| Interest Income | 119.55M | 95.53M | 95.33M | 95.34M | 92.40M | 68.45M | 62.72M | 55.84M | 54.82M | 47.16M | 52.71M | 57.59M | 49.06M | 35.87M | 37.97M | 42.87M | 48.60M | 45.07M | 32.48M | 30.12M | 32.18M | 35.14M | 39.82M | 38.61M | 33.70M | 32.65M | 31.73M | 29.93M | 19.75M |
| Interest Expense | 3.82M | 5.77M | 5.41M | 12.02M | 15.73M | 9.67M | 7.29M | 6.32M | 5.90M | 5.73M | 6.58M | 8.14M | 8.78M | 8.72M | 10.79M | 15.84M | 19.37M | 16.66M | 8.74M | 7.48M | 9.39M | 12.31M | 17.50M | 17.34M | 14.74M | 14.47M | 14.59M | 14.37M | 8.56M |
| Depreciation & Amortization | 3.17M | 1.26M | 1.46M | 1.64M | 1.40M | 265.00K | 528.00K | 964.00K | 1.20M | 1.11M | 1.50M | 1.94M | 1.28M | 377.00K | 377.00K | 1.74M | 1.37M | 1.36M | 1.45M | 2.03M | 2.65M | 1.89M | 1.70M | 1.52M | 1.56M | 1.26M | 1.17M | 880.26K | 512.11K |
| EBITDA | 0.00 | 0.00 | 56.70M | 0.00 | 42.89M | 39.94M | 33.89M | 24.27M | 22.26M | 19.06M | 23.30M | 24.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.77% | 48.17% | 50.49% | 38.52% | 29.30% | 55.23% | 38.21% | 38.31% | 35.59% | 36.02% | 40.74% | 39.68% | 35.78% | 33.08% | 28.30% | 37.02% | 46.48% | 48.56% | 49.11% | 44.84% | 54.57% | 53.50% | 53.79% | 52.26% | 54.56% | 52.16% | 49.98% | 246.48% | 265.58% |
| Operating Income | -2.10M | 51.37M | 55.24M | 37.18M | 25.77M | 37.90M | 26.08M | 23.31M | 21.06M | 17.94M | 21.80M | 22.30M | 16.48M | 11.46M | 9.34M | 11.20M | 16.32M | 16.55M | 14.09M | 11.05M | 13.43M | 13.38M | 13.36M | 12.09M | 11.24M | 10.32M | 8.99M | 7.41M | 5.87M |
| Operating Income Ratio | -1.51% | 47.01% | 49.19% | 36.90% | 27.79% | 52.41% | 37.45% | 36.79% | 33.67% | 33.92% | 38.11% | 36.51% | 33.19% | 32.03% | 27.20% | 32.06% | 42.89% | 44.88% | 44.54% | 37.89% | 45.58% | 46.88% | 47.73% | 46.43% | 47.92% | 46.47% | 44.22% | 220.32% | 244.26% |
| Total Other Income/Expenses | -47.84M | -28.63M | -2.46M | -33.19M | -13.33M | -1.80M | -1.37M | -1.95M | -4.05M | -2.78M | -3.67M | -3.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 34.37M | 43.36M | 55.24M | 37.18M | 25.77M | 28.23M | 26.08M | 23.31M | 21.06M | 17.94M | 21.80M | 22.30M | 16.48M | 11.46M | 9.34M | 11.20M | 16.32M | 16.55M | 14.09M | 11.05M | 13.43M | 13.38M | 13.36M | 12.09M | 11.24M | 10.32M | 8.99M | 7.41M | 5.87M |
| Income Before Tax Ratio | 24.78% | 39.68% | 49.19% | 36.90% | 27.79% | 39.03% | 37.45% | 36.79% | 33.67% | 33.92% | 38.11% | 36.51% | 33.19% | 32.03% | 27.20% | 32.06% | 42.89% | 44.88% | 44.54% | 37.89% | 45.58% | 46.88% | 47.73% | 46.43% | 47.92% | 46.47% | 44.22% | 220.32% | 244.26% |
| Income Tax Expense | 8.21M | 8.93M | 11.71M | 7.14M | 4.86M | 5.65M | 10.83M | 7.01M | 6.02M | 5.20M | 6.05M | 6.29M | 4.91M | 3.18M | 2.53M | 3.18M | 4.88M | 5.12M | 4.10M | 3.03M | 3.91M | 3.92M | 3.94M | 3.42M | 3.32M | 3.12M | 2.72M | 2.38M | 1.84M |
| Net Income | 26.16M | 34.43M | 43.53M | 30.05M | 20.91M | 22.58M | 15.25M | 16.30M | 15.04M | 12.74M | 15.75M | 16.01M | 11.57M | 8.28M | 6.81M | 8.02M | 11.44M | 11.43M | 9.99M | 8.01M | 9.51M | 9.46M | 9.42M | 8.68M | 7.92M | 7.20M | 6.27M | 5.03M | 4.02M |
| Net Income Ratio | 18.86% | 31.51% | 38.76% | 29.81% | 22.55% | 31.23% | 21.90% | 25.73% | 24.04% | 24.08% | 27.53% | 26.21% | 23.30% | 23.14% | 19.85% | 22.95% | 30.08% | 30.99% | 31.59% | 27.49% | 32.29% | 33.15% | 33.64% | 33.32% | 33.77% | 32.41% | 30.82% | 149.57% | 167.49% |
| EPS | 2.46 | 3.23 | 4.00 | 2.74 | 1.99 | 2.60 | 1.76 | 1.89 | 1.73 | 1.62 | 2.00 | 2.04 | 1.64 | 1.35 | 1.12 | 1.32 | 1.86 | 1.91 | 1.83 | 1.43 | 1.67 | 1.63 | 1.58 | 1.42 | 1.30 | 1.18 | 1.00 | 0.77 | 0.84 |
| EPS Diluted | 2.46 | 3.23 | 4.00 | 2.73 | 1.98 | 2.59 | 1.76 | 1.89 | 1.73 | 1.62 | 2.00 | 2.04 | 1.64 | 1.35 | 1.12 | 1.31 | 1.86 | 1.90 | 1.81 | 1.42 | 1.65 | 1.62 | 1.58 | 1.42 | 1.30 | 1.18 | 1.00 | 0.77 | 0.84 |
| Weighted Avg Shares Out | 10.63M | 10.67M | 10.87M | 10.98M | 10.53M | 8.70M | 8.64M | 8.61M | 8.68M | 7.87M | 7.87M | 7.83M | 6.98M | 6.12M | 6.10M | 6.10M | 6.14M | 5.99M | 5.47M | 5.59M | 5.70M | 5.80M | 5.95M | 6.10M | 6.10M | 6.10M | 6.29M | 6.53M | 4.80M |
| Weighted Avg Shares Out (Dil) | 10.63M | 10.67M | 10.88M | 10.99M | 10.54M | 8.71M | 8.66M | 8.62M | 8.69M | 7.88M | 7.88M | 7.85M | 6.99M | 6.13M | 6.10M | 6.11M | 6.16M | 6.02M | 5.51M | 5.64M | 5.76M | 5.85M | 5.97M | 6.10M | 6.12M | 6.11M | 12.70M | 6.53M | 4.80M |
Atlantic Union Bankshares Corporation Announces Receipt of Regulatory Approvals to Complete Merger with American National Bankshares Inc.
RICHMOND, Va.--(BUSINESS WIRE)--Federal Reserve approval of American National Bankshares acquisition.
American National Bankshares Reports Fourth Quarter and Full Year 2023 Earnings
DANVILLE, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB) (“American National” or the “Company”) today reported fourth quarter 2023 earnings of $4.0 million, or $0.38 per diluted common share. Those results compare to earnings of...
American National Bankshares Inc. Announces Quarterly Cash Dividend
DANVILLE, Va., Nov. 21, 2023 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, announced its Board of Directors has declared a quarterly cash dividend of $0.30 per common share, payable...
American National Bankshares (AMNB): The Banking Beacon In Virginia
American National Bankshares Inc. is a trusted bank in Virginia's banking sector, with a history dating back to 1909. Despite some challenges in earnings growth, AMNB exhibits remarkable revenue growth and solid financials. The stock's attractive valuation, reflected in its...
American National Bankshares (AMNB) Q3 Earnings and Revenues Lag Estimates
American National Bankshares (AMNB) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.87 per share a year ago.
American National Bankshares Reports Third Quarter Earnings
DANVILLE, Va., Oct. 19, 2023 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (Nasdaq: AMNB) (“American National” or the “Company”) today reported third quarter 2023 earnings of $5.8 million, or $0.54 per diluted common share. These results compare to earnings of...
AMERICAN NATIONAL BANKSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of American National Bankshares Inc. - AMNB
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of American National Bankshares Inc. (NasdaqGS: AMNB) to Atlantic Union Bankshares Corporation...
American National Bankshares (AMNB) Q2 Earnings and Revenues Miss Estimates
American National Bankshares (AMNB) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.76 per share a year ago.
AMNB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of American National Bankshares Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of American National Bankshares Inc. (NASDAQ: AMNB) to Atlantic Union Bankshares Corporation for 1.35 shares of Atlantic Union for each share of American National is...
American National Bankshares Reports Second Quarter Earnings
DANVILLE, Va., July 25, 2023 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (Nasdaq: AMNB) (“American National” or the “Company”) today reported second quarter 2023 earnings of $7.1 million, or $0.67 per diluted common share. Those results compare to earnings of...
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