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 $8.0 million, or $0.76 per diluted common share, during the same quarter in the prior year, and earnings of $5.8 million, or $0.54 per diluted common share, for the third quarter of 2023. Earnings for the twelve months ended December 31, 2023, were $26.2 million, or $2.46 per diluted common share, compared to $34.4 million, or $3.23 per diluted common share, for the same period of 2022. Earnings for the fourth quarter and twelve months ended December 31, 2023, reflect the impact of merger related expenses of $875 thousand and $2.6 million in connection with the Company’s pending merger with Atlantic Union Bankshares Corporation (“Atlantic Union”).