American national bankshares reports first quarter earnings

Danville, va., april 25, 2023 (globe newswire) -- american national bankshares inc. (nasdaq: amnb) (“american national” or the “company”) today reported first quarter 2023 earnings of $9.2 million, or $0.86 per diluted common share. those results compare to earnings of $9.0 million, or $0.84 per diluted common share, during the same quarter in the prior year, and earnings of $8.0 million, or $0.76 per diluted common share, for the fourth quarter of 2022. earnings produced a return on average tangible common equity of 15.95% for the first quarter of 2023, compared to 14.50% in the previous quarter and 14.14% for the same quarter in the prior year (non-gaap).
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