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American National Bankshares (American National Bankshares) Retained Earnings : $232.8 Mil (As of Dec. 2023)


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What is American National Bankshares Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. American National Bankshares's retained earnings for the quarter that ended in Dec. 2023 was $232.8 Mil.

American National Bankshares's quarterly retained earnings increased from Jun. 2023 ($229.4 Mil) to Sep. 2023 ($232.0 Mil) and increased from Sep. 2023 ($232.0 Mil) to Dec. 2023 ($232.8 Mil).

American National Bankshares's annual retained earnings increased from Dec. 2021 ($201.4 Mil) to Dec. 2022 ($223.7 Mil) and increased from Dec. 2022 ($223.7 Mil) to Dec. 2023 ($232.8 Mil).


American National Bankshares Retained Earnings Historical Data

The historical data trend for American National Bankshares's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American National Bankshares Retained Earnings Chart

American National Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 151.48 169.68 201.38 223.66 232.85

American National Bankshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 223.66 225.41 229.36 231.96 232.85

American National Bankshares Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


American National Bankshares  (NAS:AMNB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


American National Bankshares (American National Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
628 Main Street, Danville, VA, USA, 24541
American National Bankshares Inc is a one-bank holding company. The Bank provides a full array of financial products and services, including commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through 37 Automated Teller Machines, Online Banking, and Telephone Banking. The company has two reportable segments, community banking and wealth management.
Executives
Rick J Barker director 628 MAIN STREET, DANVILLE VA 24541
Adrian T Smith director 628 MAIN STREET, DANVILLE VA 24541
Jeffrey V Haley director, officer: Executive VP
Farrell William J Ii director 21 KENWICK ROAD, HOCKESSIN DE 19707
Rhonda P Joyce officer: EVP 445 MT CROSS ROAD, DANVILLE VA 24540
Settle John H Jr officer: EVP 628 MAIN STREET, DANVILLE VA 24541
Duggins James Nathan Iii director 445 MT CROSS ROAD, DANVILLE VA 24540
Jeffrey W Farrar officer: EVP 628 MAIN STREET, DANVILLE VA 24541
Alexander Jung officer: EVP 445 MT CROSS ROAD, DANVILLE VA 24540
Cathy W Liles officer: SVP 445 MT CROSS ROAD, DANVILLE VA 24540
Hunter Gregg Strader officer: Executive Vice President 2022 PEMBROKE ROAD, GREENSBORO NC 27408
John H Love director 628 MAIN STREET, DANVILLE VA 24541
Susan King Still director AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Kenneth S. Bowling director AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Charles S Harris director 420 WEST MAIN STREET, DANVILLE VA 24541