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American National Bankshares Inc. - AMNB STOCK NEWS

Welcome to our dedicated news page for American National Bankshares (Ticker: AMNB), a resource for investors and traders seeking the latest updates and insights on American National Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American National Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American National Bankshares's position in the market.

Rhea-AI Summary
American National Bankshares Inc. (NASDAQ: AMNB) reported fourth quarter 2023 earnings of $4.0 million, compared to $8.0 million in the prior year. Earnings for the twelve months ended December 31, 2023, were $26.2 million, down from $34.4 million in 2022. The Company's net interest income decreased by 5.4% to $19.5 million, and noninterest expenses were $17.9 million. Nonperforming assets totaled $5.8 million, up from $3.7 million in the previous quarter. The effective tax rate for the three months ended December 31, 2023, was 32.9%, compared to 24.2% for the prior quarter. The Company's total assets were $3.1 billion at December 31, 2023, essentially flat to September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Summary
American National Bankshares Inc. (AMNB) declares a quarterly cash dividend of $0.30 per common share, with a dividend yield of approximately 2.8% based on the stock's closing price of $43.08 on November 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
Tags
dividends
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Rhea-AI Summary
American National Bankshares Inc. reports Q3 2023 earnings of $5.8 million, announces merger with Atlantic Union Bankshares Corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
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Rhea-AI Summary
American National Bankshares Inc. reports Q2 2023 earnings of $7.1 million, down from $8.1 million in Q2 2022. The company has entered into a merger agreement with Atlantic Union Bankshares Corporation. Average loans grew by 5.7% in Q2, while average deposits declined by 0.5%. Net interest margin was 2.88% for the quarter. Noninterest revenues decreased by less than 1%, while noninterest expense increased by 3.4%. The provision for credit losses was $268 thousand in Q2. Nonperforming assets were 0.04% of total assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.36%
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Rhea-AI Summary
Atlantic Union Bankshares Corporation and American National Bankshares Inc. have entered into a definitive merger agreement for Atlantic Union to acquire American National in an all-stock transaction. The combined company will have total assets of $23.7 billion, total deposits of $19.1 billion, and gross loans of $17.3 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.36%
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Rhea-AI Summary
AMNB announces a $0.30 quarterly cash dividend, marking a 7.1% increase from the same quarter last year. Shareholders of record on September 1, 2023, will receive the payment on September 15, 2023. The dividend yield is approximately 3.9% based on the closing price of $30.42 on July 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.17%
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dividends
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.6%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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dividends
American National Bankshares Inc.

Nasdaq:AMNB

AMNB Rankings

AMNB Stock Data

507.72M
10.54M
3.96%
50.72%
0.54%
Commercial Banking
Finance and Insurance
Link
US
Danville

About AMNB

american national bank and trust company is a full-service community bank founded in 1909, in danville, virginia with over 20 full-service locations across virginia and north carolina. for a complete list of our locations, visit https://www.amnb.com/locations.htm. to learn more about who we are, visit https://www.amnb.com/about-us.htm.