American National Bankshares, Inc. - Virginia

American National Bankshares, Inc. - Virginia

American National Bankshares, Inc. - Virginia

Overview
Date Founded

1998

Headquarters

628 Main Street,Danville, VA 24541

Type of Company

Public

Employees (Worldwide)

305

Industries

Retail & Commercial Banking
Holding Companies

Company Description

American National Bankshares, Inc. (Virginia) is a one-bank holding company, which engages in the provision of financial products and services, including commercial, mortgage & consumer banking, trust & investment services and insurance. It operates through the following segments: Community Banking and Trust & Investment Services. The Community Banking segment involves in making loans to and generating deposits from individuals and businesses. The Trust and Investment Services segment offers estate planning, trust account administration, investment management, and retail brokerage. The company was founded in 1984 and is headquartered in Danville, VA.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer, Secretary, Treasurer & Executive Vice President

Chief Operating Officer & Executive Vice President

Senior Vice President & Chief Accounting Officer

Chief Banking Officer & Executive Vice President

Chief Credit Officer & Executive Vice President

Chief Credit Officer & Executive Vice President

Executive Vice President & Regional President

President of North Carolina Banking

Market President

Board of Directors

President & Chief Executive Officer at Carilion Medical Center

Partner at Excel Development Systems, Inc.

Former Chairman & Chief Executive Officer at DIMON, Inc.

Chief Operating Officer at The Dewberry Cos., Inc.

President & Chief Executive Officer at Knitwear Fabrics, Inc.

Former Chief Executive Officer at La-Z-Boy Casegoods, Inc.

Co-Founder at SpecialtyCare, Inc.

President, Chief Executive Officer & Chief Operating Officer at W.E. Love & Associates, Inc.

Manager at Wirtz Properties LLC

President at Blair Construction, Inc.

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American National Bankshares, Inc. - Virginia
Owners & Shareholders
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FJ Capital Management manages a long/short equity hedge fund that employs a fundamental investment approach and focuses on investments in underfollowed financial institutions and small- and mid-cap banks and thrifts.

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Smith Salley & Associates (SSA) primarily invests client assets in stocks and fixed income securities. The firm uses a bottom-up, fundamental approach to investing, focusing on individual companies, rather than just sectors. To ensure diversification, SSA determines sector weightings in a client's portfolio, but uses fundamental analysis to select companies within the sector. SSA's strategic asset allocation approach is to invest each portfolio in accordance with each client's financial goals and risk tolerance. The firm may employ the following strategies: Long Term Purchases, Short Term Purchases, and Options Trading/Writing, a strategy used only in special circumstances.Fixed income investments are used as a strategic investment, as an instrument to fulfill liquidity or income needs in a portfolio, or to add a component of capital preservation. SSA generally evaluates and selects individual bonds based on a number of factors including rating, yield and duration, among others. Mutual funds and ETFs are used only in special circumstances or when an account is too small to invest in individual securities. When used, they are evaluated and selected based on a variety of factors, including past performance, fee structure, portfolio manager, fund sponsor, overall ratings for safety and returns, and other factors.

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Castine Capital Management manages funds that are designed to achieve long-term capital appreciation through investments primarily in publicly traded equity securities of US financial institutions. The funds may utilize leverage, short positions, derivative instruments such as options, and other investment strategies.

Recent Transactions
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American National Bankshares, Inc. - Virginia, American National Bank & Trust Co. (Virginia) purchase HomeTown Bankshares Corp. (Virginia)

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American National Bankshares, Inc. - Virginia purchases MainStreet BankShares, Inc.

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American National Bankshares, Inc. - Virginia purchases MidCarolina Financial Corp. (North Carolina)

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onAmerican National Bankshares, Inc. - Virginia, American National Bank & Trust Co. (Virginia) purchase HomeTown Bankshares Corp. (Virginia)

Legal Advisor

Advised onAmerican National Bankshares, Inc. - Virginia purchases MidCarolina Financial Corp. (North Carolina)

Investment Advisor

Advised onAmerican National Bankshares, Inc. - Virginia purchases Community First Financial Corp. (Virginia)

Legal Advisor

Advised onAmerican National Bankshares, Inc. - Virginia, American National Bank & Trust Co. (Virginia) purchase HomeTown Bankshares Corp. (Virginia)

Legal Advisor

Advised onAmerican National Bankshares, Inc. - Virginia purchases MidCarolina Financial Corp. (North Carolina)

Legal Advisor

Advised onAmerican National Bankshares, Inc. - Virginia, American National Bank & Trust Co. (Virginia) purchase HomeTown Bankshares Corp. (Virginia)

Key Stats and Financials As of 2018
Market Capitalization
$327M
Total Enterprise Value
$289M
Earnings Per Share
$2.59
Revenue
$82M
Debt TEV
0.22x
Total Debt
$63.2M
Total Equity
$223M
Net Profit
$22.6M
Five Year Compounded Annual Growth Rate Of Revenue
5.12%
Enterprise Value Sales
3.52x
TEVNet Income
12.79x
Three Year Compounded Annual Growth Rate Of Revenue
6.09%
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Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Wells Fargo & Co. Retail & Commercial Banking - SAN FRANCISCO, CA

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

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Capital One Financial Corp. is a financial holding company, which engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking, and Commercial Banking. The Credit Card segment offers domestic consumer and small business card lending, and international card lending businesses. The Consumer Banking segment consists of branch-based lending and deposit gathering activities for consumers and small businesses. The Commercial Banking segment comprises of lending, deposit gathering and treasury management services to commercial real estate and commercial and industrial customers. The company was founded by Richard D. Fairbank on July 21, 1994 and is headquartered in McLean, VA.

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