American National Bankshares reports Q4 EPS 38c vs 76c last year

Total assets at December 31, 2023 were $3.1 billion, essentially flat to September 30, 2023, and an increase of $24.8 million, or 0.81%, from December 31, 2022. The Company continues to be well-capitalized as defined by regulators, with tangible common equity to tangible assets of 8.52% at December 31, 2023, compared to 7.98% at September 30, 2023 and compared to 7.82% at December 31 2022. President and Chief Executive Officer, Jeffrey V. Haley, commented, “As we await regulatory approval for our combination with Atlantic Union, we can reflect on another solid year of balance sheet growth and operating earnings performance for American National. I am especially grateful for our customers’, employees’ and shareholders’ support during this transitional period, and am excited for the future of the combined organization.”