American National Bankshares Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 20, 2017 at 03:12 am IST
American National Bankshares Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest and dividend income of $14,167,000 against $13,951,000 a year ago. Net interest income was $12,646,000 against $12,444,000 a year ago. Income before income taxes was $5,957,000 against $6,546,000 a year ago. Net income was $4,122,000 or $0.48 basic and diluted per share against $4,607,000 or $0.53 basic and diluted per share a year ago. Book value per share as on December 31, 2016 was $23.37 against $22.95 as at December 31, 2015. Return on average assets was 1.00% against 1.20% a year ago. Return on average equity was 8.10% against 9.32% a year ago.
For the year, the company reported total interest and dividend income of $56,170,000 against $55,169,000 a year ago. Net interest income was $49,854,000 against $49,265,000 a year ago. Income before income taxes was $23,308,000 against $21,059,000 a year ago. Net income was $16,301,000 or $1.89 basic and diluted per share against $15,039,000 or $1.73 basic and diluted per share a year ago. Book value per share –tangible as on December 31, 2016 was $18.08 against $17.55 as at December 31, 2015. Return on average assets was 1.02% against 0.99% a year ago. Return on average equity was 8.07% against 7.65% a year ago.