Welcome to our dedicated page for American Natl Bankshares news (Ticker: AMNB), a resource for investors and traders seeking the latest updates and insights on American Natl Bankshares stock.
American National Bankshares Inc. (NASDAQ: AMNB) provides essential financial services through its community-focused banking network across Virginia and North Carolina. This page serves as the definitive source for corporate news, offering timely updates on strategic developments, financial performance, and operational milestones.
Investors and stakeholders will find detailed coverage of earnings reports, merger progress with Atlantic Union Bankshares, and dividend declarations. Our repository includes press releases on wealth management growth, market expansion initiatives, and community impact programs that reflect AMNB's 115-year legacy.
Key updates feature analysis of balance sheet strength, trust asset management achievements, and regulatory developments. Bookmark this page to monitor how AMNB's $3.1 billion asset base supports its role as a regional banking leader while maintaining personalized customer relationships.
Check back regularly for verified updates on the pending combination with Atlantic Union and other strategic initiatives that shape AMNB's position in the evolving financial landscape.
American National Bankshares Inc. (AMNB) reported first quarter 2023 earnings of $9.2 million, or $0.86 per diluted share, reflecting growth from $9.0 million, or $0.84, in the same quarter last year.
The company experienced a return on average tangible common equity of 15.95%, a notable improvement from 14.14% year-over-year. Despite a decline in average deposits by 8.8% annualized, period-end deposits rose by 2.5% annualized.
Net interest margin was 3.20%, slightly down from 3.33% in Q4 2022. Noninterest revenues increased 21.1% from the previous quarter, though decreased 21.9% year-over-year. Overall, American National maintains strong liquidity and capital despite challenges in the banking sector.
American National Bankshares Inc. has announced significant leadership changes as Charles H. Majors retires after 41 years on the Board. Effective May 16, 2023, Jeffrey V. Haley will take over as Chair of the Board while continuing as President and CEO. New nominees Rickey J. Barker and Adrian T. Smith will join the Board, alongside re-nominations for several directors. Executive promotions include Jeffrey W. Farrar and Edward C. Martin, now Senior Executive Vice Presidents. Currently, American National boasts total assets of approximately $3.0 billion and manages an additional $1.2 billion in trust and investment assets.
American National Bankshares (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.30 per common share, payable on March 17, 2023, to shareholders of record on March 3, 2023. This maintains the same dividend as the previous quarter, representing a $0.02 or 7.1% increase from the first quarter of 2022. With a closing stock price of $33.52 on February 21, 2023, the dividend yield stands at approximately 3.6%. American National Bankshares is a multi-state bank holding company with total assets of around $3.0 billion and operates in Virginia and North Carolina.
