American National Bankshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Charge Off for the Fourth Quarter of 2015
Net income for 2015 was $15,039,000 compared to $12,741,000 a year ago. Diluted earnings per share were $1.73 compared to $1.62 a year ago. Book value per common share was $22.95 compared to $22.07 a year ago. Return on average assets was $0.99% compared to 0.97% a year ago. Return on average equity was $7.65% compared to 7.40% a year ago. Return on average tangible equity of 10.62% compared to 10.31% a year ago. Total interest and dividend income was $55,169,000 compared to $47,455,000 a year ago. Income before income taxes was $21,059,000 compared to $17,943,000 a year ago.
For the fourth quarter, the company announced charge off of $317,000 compared to $566,000 a year ago.