American National Bankshares Inc. (AMNB) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.amnb.com

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

What Makes American National Bankshares (AMNB) a New Strong Buy Stock

January 26, 2021zacks.com

American National Bankshares (AMNB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

American National Bankshares (AMNB) Beats Q4 Earnings and Revenue Estimates

January 21, 2021zacks.com

American National Bankshares (AMNB) delivered earnings and revenue surprises of 11.11% and 1.73%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

American National Bankshares Reports Fourth Quarter and Full Year 2020 Earnings

January 21, 2021globenewswire.com

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,...

American National Bank & Trust Company Opens Raleigh Location

January 12, 2021globenewswire.com

RALEIGH, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- American National Bank and Trust Company has opened its Raleigh office at 3700 Glenwood Avenue following an announcement in late 2019 stating its plans to move into the Raleigh market.

American National Bankshares Inc. Announces Share Repurchase Authorization

January 11, 2021globenewswire.com

DANVILLE, Va., Jan. 11, 2021 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (“American National”) (NASDAQ: AMNB), parent company of American National Bank and Trust Company, today announced that its Board of Directors has authorized the repurchase of up to 350,000...