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American National Bankshares Inc. (AMNB) filed Quarterly Report for the period ended 2011-09-30.
American National Bankshares Inc. has a market cap of $145.2 million; its shares were traded at around $18.65 with a P/E ratio of 13.2 and P/S ratio of 3.3. The dividend yield of American National Bankshares Inc. stocks is 4.9%.
This is the annual revenues and earnings per share of AMNB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of AMNB.
Highlight of Business Operations:
For the third quarter of 2011 and 2010, the Company s yield on earnings assets was 5.23% and 4.89%, respectively. The cost of interest-bearing liabilities was 0.99% compared to 1.43%. The interest rate spread was 4.24% compared to 3.46% for the comparable 2010 quarter. The net interest margin, on a fully taxable equivalent basis, was 4.41% compared to 3.74%. Yields on loans were positively impacted by fair value related accretion income and generally higher contractual interest rates on the MidCarolina portfolio. Rates on interest bearing liabilities were also positively impacted by merger related fair value adjustments, but to a much lesser degree than loans. Rates on long term borrowings, trust preferred securities, were very positively impacted by the third quarter conversion of the $20 million American National liability from a fixed rate of 6.66% to 90-day LIBOR plus 135 basis points.For the third quarter of 2011 and 2010, the Company s yield on earnings assets was 5.23% and 4.89%, respectively. The cost of interest-bearing liabilities was 0.99% compared to 1.43%. The interest rate spread was 4.24% compared to 3.46% for the comparable 2010 quarter. The net interest margin, on a fully taxable equivalent basis, was 4.41% compared to 3.74%. Yields on loans were positively impacted by fair value related accretion income and generally higher contractual interest rates on the MidCarolina portfolio. Rates on interest bearing liabilities were also positively impacted by merger related fair value adjustments, but to a much lesser degree than loans. Rates on long term borrowings, trust preferred securities, were very positively impacted by the third quarter conversion of the $20 million American National liability from a fixed rate of 6.66% to 90-day LIBOR plus 135 basis points.
For the first nine months of 2011 and 2010, the Company s yield on earnings assets was 4.93% and 4.98%, respectively. The cost of interest bearing liabilities was 1.17% compared to 1.43%. The interest rate spread was 3.76% compared to 3.55%. The net interest margin, on a fully taxable equivalent basis, was 3.98% compared to 3.82%. Yields on loans were positively impacted in the 2011 period by fair value related accretion income and generally higher contractual interest rates on the MidCarolina portfolio. Rates on interest bearing liabilities were also positively impacted by merger related fair value adjustments, but to a much lesser degree than loans. Rates on long term borrowings, trust preferred securities, were very positively impacted by the third quarter 2011 conversion of the $20 million American National liability from a fixed rate of 6.66% to 90-day LIBOR plus 135 basis points.
For the first nine months of 2011 and 2010, the Company s yield on earnings assets was 4.93% and 4.98%, respectively. The cost of interest bearing liabilities was 1.17% compared to 1.43%. The interest rate spread was 3.76% compared to 3.55%. The net interest margin, on a fully taxable equivalent basis, was 3.98% compared to 3.82%. Yields on loans were positively impacted in the 2011 period by fair value related accretion income and generally higher contractual interest rates on the MidCarolina portfolio. Rates on interest bearing liabilities were also positively impacted by merger related fair value adjustments, but to a much lesser degree than loans. Rates on long term borrowings, trust preferred securities, were very positively impacted by the third quarter 2011 conversion of the $20 million American National liability from a fixed rate of 6.66% to 90-day LIBOR plus 135 basis points.
The Company paid cash dividends of $0.23 per share during the third quarter of 2011 while the basic and diluted earnings per share for the same period were $0.52. The Company paid cash dividends of $0.69 per share for the first nine months of 2011 while the basic and diluted earnings per share were $1.02.
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