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American National Bankshares: 2Q Earnings Snapshot

July 18, 2019

DANVILLE, Va. (AP) _ American National Bankshares Inc. (AMNB) on Thursday reported a second-quarter loss of $1.2 million, after reporting a profit in the same period a year earlier.

The Danville, Virginia-based bank said it had a loss of 11 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 87 cents per share.

The bank holding company posted revenue of $28.9 million in the period. Its revenue net of interest expense was $24.7 million, topping Street forecasts.

American National Bankshares shares have climbed 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.86, a drop of 7.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMNB at https://www.zacks.com/ap/AMNB

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