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Article: American National Bankshares Inc. Announces Record Earnings for Quarter.
- Article from:
- PR Newswire
- Article date:
- April 19, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DANVILLE, Va., April 19 /PRNewswire/ --
American National Bankshares Inc. (Nasdaq: AMNB) today reported record earnings for the first quarter of 2000. American National's net income for the quarter was $2.115 million, a gain of 9.9% from the first quarter of 1999 of $1.924 million.
Earnings per share rose to $0.35 in the quarter from $0.32 in same quarter in 1999. Return on average assets (ROA) for the quarter was 1.71% compared to 1.68% in the comparable period in 1999 and return on average equity (ROE) was 14.77% compared to 13.90% in 1999.
"We are proud of these results which evidence our success as a community bank", said Charles H. Majors, ...