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”).
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