Private company
AMERICAN NATIONAL BANKSHARES INC.
AMERICAN NATIONAL BANKSHARES INC. is an American national commercial bank based in Danville.1
Last updated Oct 21, 2026.
Overview
- IndustryNational Commercial Banks1
- HeadquartersDanville, Virginia1
- Incorporated inVA2
- Business address628 Main St, Danville, Va 245412
- Filer categoryAccelerated filer2
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More information on risk factors that could affect our forward-looking statements is included under the section entitled "Risk Factors" set forth herein. All risk factors and uncertainties described herein should be considered in evaluating forward-looking statements, all forward- looking statements made in this Form 10-K are expressly qualified by the cautionary statements contained in this Form 10-K, and undue reliance should not be placed on such forward-looking statements. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on our businesses or operations. Forward-looking statements speak only as of the date they are made. We do not intend or assume any obligation to update, revise or clarify any forward- looking statements that may be made from time to time by or on behalf of…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Interest | $7.3M5 | $9.7M6 | $15.7M7 | $12.0M8 | $5.4M9 | $5.8M9 | $35.6M9 | |
| Income before tax | $55.2M9 | $43.4M9 | $34.4M9 | |||||
| Income tax | $10.8M5 | $5.6M6 | $4.9M7 | $7.1M8 | $11.7M9 | $8.9M9 | $8.2M9 | |
| Net income | $15.2M5 | $22.6M6 | $20.9M7 | $30.0M8 | $43.5M9 | $34.4M9 | $26.2M9 | |
| Earnings per share | $1.765 | $2.606 | $1.997 | $2.748 | $4.009 | $3.239 | $2.469 | |
| Earnings per share (diluted) | $1.765 | $2.596 | $1.987 | $2.738 | $4.009 | $3.239 | $2.469 | |
| Shares (weighted, basic) | 10.9M shares9 | 10.7M shares9 | 10.6M shares9 | |||||
| Shares (weighted, diluted) | 10.9M shares9 | 10.7M shares9 | 10.6M shares9 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $52.5M5 | $64.3M6 | $79.6M7 | $368.6M8 | $506.8M9 | $73.3M9 | $66.7M9 | |
| Property, plant and equipment | $34.2M8 | $32.9M9 | $31.8M9 | |||||
| Goodwill | $85.0M9 | $85.0M9 | $85.0M9 | |||||
| Intangible assets | $4.6M8 | $3.4M9 | $2.3M9 | |||||
| Total assets | $1.8B5 | $1.9B6 | $2.5B7 | $3.1B8 | $3.3B9 | $3.1B9 | $3.1B9 | |
| Short-term debt | $41.1M8 | $100.9M9 | $94.3M9 | |||||
| Total liabilities | $1.6B13 | $1.6B5 | $2.2B6 | $2.7B7 | $3.0B8 | $2.7B9 | $2.7B9 | |
| Retained earnings | $201.4M8 | $223.7M9 | $232.8M9 | |||||
| Shareholders’ equity | $208.7M6 | $222.5M7 | $320.3M8 | $337.9M9 | $354.8M9 | $321.2M9 | $343.2M9 | |
| Shares outstanding | 8.7M shares13 | 8.7M shares5 | 11.1M shares6 | 11.0M shares7 | 10.8M shares8 | 10.6M shares9 | 10.6M shares9 | 10.4M shares14 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $25.8M5 | $27.5M6 | $32.7M7 | $20.2M8 | $51.1M9 | $47.9M9 | $19.0M9 | |
| Depreciation and amortization | $3.7M9 | $3.5M8 | $3.2M9 | |||||
| Capital spending | $2.6M5 | $2.7M6 | $3.6M7 | $2.7M8 | $1.0M9 | $1.2M9 | $1.5M9 | |
| Free cash flow | $23.1M | $24.8M | $29.1M | $17.5M | $50.1M | $46.7M | $17.4M | |
| Cash from investing | -$162.5M9 | -$227.6M9 | -$15.5M9 | |||||
| Dividends paid | $8.4M5 | $8.7M6 | $11.0M7 | $11.8M8 | $11.8M9 | $12.1M9 | $12.8M9 | |
| Share buybacks | $05 | $06 | $3.1M7 | $5.0M8 | $8.8M9 | $7.5M9 | $1.0M9 | |
| Cash from financing | $249.6M9 | -$253.8M9 | -$10.1M9 | |||||
| Dividend per share | $0.975 | $1.006 | $1.047 | $1.088 | $1.099 | $1.149 | $1.209 |
Compare AMERICAN NATIONAL BANKSHARES INC. with another company
Corporate structure
AMERICAN NATIONAL BANKSHARES INC. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of AMERICAN NATIONAL BANKSHARES INC.
- FJ Capital Management LLC Filed SC 13G/A on AMERICAN NATIONAL BANKSHARES INC., latest Feb 8, 2024 (2 filings since May 10, 2023)
- BlackRock Filed SC 13G/A on AMERICAN NATIONAL BANKSHARES INC., latest Jan 26, 2024 (3 filings since Feb 1, 2022)
- AMERICAN NATIONAL BANKSHARES INC. Danville, Virginia
- Incorporated under the laws of the Commonwealth of Subsidiary · Virginia, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What AMERICAN NATIONAL BANKSHARES INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $60.2M9 Dec 31, 2023 | $62.7M9 Dec 31, 2022 | −4.0% |
| Accumulated depreciation | $28.4M9 Dec 31, 2023 | $29.8M9 Dec 31, 2022 | −4.8% |
| Property and equipment, net | $31.8M9 Dec 31, 2023 | $32.9M9 Dec 31, 2022 | −3.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $66.7M9 Dec 31, 2023 | $73.3M9 Dec 31, 2022 | −9.0% |
| Debt securities available for sale | $521.5M9 Dec 31, 2023 | $608.1M9 Dec 31, 2022 | −14.2% |
| Debt securities held to maturity | $09 Dec 31, 2023 | $08 Dec 31, 2022 | |
| Deposits held (banks) | $2.6B9 Dec 31, 2023 | $2.6B9 Dec 31, 2022 | +0.4% |
Intangibles and goodwill
Leadership
Who has led AMERICAN NATIONAL BANKSHARES INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJeffrey Haley V. Jan 3, 2013 to Apr 1, 202415
- Chief executive officerCharles H. Majors Jan 10, 2006 to Sep 20, 201216
- ChairJeffrey Haley V. Jun 29, 2023 to Jun 29, 202317
- ChairCharles H. Majors Jan 4, 2012 to Dec 10, 201418
- PresidentJeffrey Haley V. Jan 5, 2012 to Apr 1, 202419
- PresidentCharles H. Majors Jan 10, 2006 to Sep 8, 201116
- Chief financial officerJeffrey W. Farrar Oct 2, 2020 to Jan 23, 202320
- Chief financial officerWilliam W. Traynham Apr 1, 2015 to Apr 1, 201521
Board members and other officers (44)
- SVPCathy W. Liles Jun 9, 2022 to Jun 29, 202322
- EVPAlexander Jung Jun 10, 2022 to Apr 1, 202423
- EVPRhonda P. Joyce Jun 10, 2022 to Apr 1, 202424
- EVPCharles S. Harris Jan 23, 2020 to Jan 23, 202025
- EVPJohn H. Settle Jr. Jan 30, 2020 to Jul 3, 202326
- EVPSusan King Still May 23, 2019 to May 23, 201927
- EVPJeffrey W. Farrar Aug 20, 2019 to Mar 5, 202428
- Executive Vice PresidentRamsey K. Hamadi Aug 25, 2016 to Feb 7, 201729
- Executive VPHunter Gregg Strader Jan 9, 2015 to Mar 24, 202230
- Sr. Vice PresidentCharles T. Canaday Jul 7, 2011 to Jul 7, 201131
- Sr. Vice PresidentS. Cabell Dudley Jr. Jan 22, 2009 to Jun 5, 201232
- Sr. Vice PresidentWilliam W. Traynham Jun 5, 2009 to Jan 23, 202033
- Sr. Vice PresidentDabney T. P. Gilliam Jr. Jan 10, 2006 to Jan 10, 200634
- Executive Vice PresidentE. Budge Kent Jr. Jan 10, 2006 to Feb 16, 200635
- Sr. Vice PresidentJeffrey Haley V. Jan 10, 2006 to Sep 8, 201136
- Sr. Vice PresidentNeal A. Petrovich Feb 6, 2006 to May 11, 200737
- Sr. Vice PresidentR. Helm Dobbins Aug 2, 2006 to Feb 21, 201738
- Board memberRick J. Barker May 16, 2023 to Apr 1, 202439
- Board memberJames Nathan Duggins Iii. Nov 29, 2022 to Apr 1, 202440
- Board memberWilliam J. Farrell Ii. Dec 2, 2022 to Apr 1, 202441
- Board memberJeffrey W. Farrar Mar 26, 2021 to Apr 1, 202442
- Board memberWilliam W. Traynham Apr 2, 2020 to Apr 2, 202043
- Board memberKenneth S. Bowling Apr 3, 2019 to Sep 30, 202144
- Board memberNancy H. Agee Apr 3, 2019 to Apr 1, 202445
- Board memberSusan King Still May 23, 2019 to Jun 28, 202227
- Board memberTammy M. Finley Oct 10, 2017 to Apr 1, 202446
- Board memberJoel R. Shephard Jan 5, 2015 to Apr 1, 202447
- Board memberPenn Ronda Sep 9, 2015 to Apr 1, 202448
- Board memberDan Miller Pleasant Jan 19, 2011 to Apr 1, 202449
- Board memberJohn H. Love Jul 6, 2011 to Apr 1, 202450
- Board memberF. D. Hornaday Iii. Jul 7, 2011 to Apr 1, 202451
- Board memberFranklin W. Maddux Feb 19, 2010 to Mar 31, 202052
- Board memberClaude B. Owen Mar 4, 2010 to Nov 18, 202053
- Board memberLester A. Hudson Jr. Mar 4, 2010 to Apr 1, 201554
- Board memberCharles S. Harris Jan 22, 2009 to Nov 28, 202255
- Board memberMartha W. Medley Jan 22, 2009 to Jun 2, 201456
- Board memberBen J. Davenport Jr. Jan 10, 2006 to Jan 25, 201857
- Board memberCharles H. Majors Jan 10, 2006 to Nov 29, 201716
- Board memberE. Budge Kent Jr. Jan 10, 2006 to Sep 7, 201135
- Board memberFred A. Blair Jan 10, 2006 to Feb 28, 202058
- Board memberFred B. Leggett Jr. Jan 10, 2006 to May 26, 201159
- Board memberMichael P. Haley Jan 10, 2006 to Mar 5, 202460
- Board memberFrank C. Crist Jr. May 26, 2006 to Feb 28, 202061
- Board memberJeffrey Haley V. Jul 11, 2006 to Apr 1, 202462
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Incorporated under the laws of the Commonwealth of Virginia3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- AMERICAN NATIONAL BANKSHARES INCMay 12, 1995 to Jul 30, 20132
Timeline
- Apr 1, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights63
- Feb 23, 20248-K Other events64
- Feb 7, 20248-K Other events65
- Jan 23, 20248-K Results of operations66
- Dec 22, 20238-K Executive or director change67
- Nov 21, 20238-K Other events68
- Nov 15, 20238-K Shareholder vote69
- Oct 19, 20238-K Results of operations70
- Jul 25, 20238-K Entered a material agreement; Other events71
- Jul 25, 20238-K Results of operations72
- Jul 19, 20238-K Other events73
- May 19, 20238-K Shareholder vote74
- Jan 3, 2013New chief executive Jeffrey Haley V. becomes CEO15
- Jan 10, 2006New chief executive Charles H. Majors becomes CEO16
Calendar
When it reported results
- Jan 23, 2024Reported quarterly or annual results66
- Oct 19, 2023Reported quarterly or annual results70
- Jul 25, 2023Reported quarterly or annual results72
- Apr 25, 2023Reported quarterly or annual results75
- Jan 25, 2023Reported quarterly or annual results76
- Jan 19, 2023Reported quarterly or annual results77
- Oct 20, 2022Reported quarterly or annual results78
- Jul 21, 2022Reported quarterly or annual results79
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
338 filings to the SEC since October 2021: 4 annual reports, 7 quarterly reports, 37 major events, 262 insider forms, 5 large holders, 23 other. The latest 20:
- Apr 11, 202415-12G EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 4, 2024EFFECT EDGAR
- Apr 1, 202425-NSE EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
- Apr 1, 20244 PRIMARY DOCUMENT EDGAR
The 338 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
17 open-market trades by officers, directors and large owners since October 2021: 5 buys and 12 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 28, 2024 | Joyce Rhonda PEVP | Buy | 86 | $45.09 | $3.9K | Form 4 |
| Feb 28, 2024 | Martin Edward CSr EVP | Buy | 195 | $43.43 | $8.5K | Form 4 |
| Jan 19, 2024 | Joyce Rhonda PEVP | Sale | 630 | $47.03 | $29.6K | Form 4 |
| Jan 19, 2024 | Joyce Rhonda PEVP | Sale | 630 | $47.03 | $29.6K | Form 4 |
| Jan 19, 2024 | Martin Edward CSr EVP | Sale | 651 | $47.95 | $31.2K | Form 4 |
| Jan 19, 2024 | FARRAR JEFFREY WDirector | Sale | 651 | $47.03 | $30.6K | Form 4 |
| Mar 14, 2023 | HALEY JEFFREY VPresident & CEO | Buy | 2,955 | $31.67 | $93.6K | Form 4 |
| Feb 3, 2023 | Joyce Rhonda PEVP | Sale | 243 | $35.49 | $8.6K | Form 4 |
| Feb 3, 2023 | Settle John H JrSVP | Sale | 198 | $35.49 | $7.0K | Form 4 |
| Oct 3, 2022 | FARRAR JEFFREY WDirector | Sale | 153 | $32.37 | $5.0K | Form 4 |
| Feb 17, 2022 | Strader Hunter GreggEVP - Retired 12-31-21 | Sale | 11,567 | $38.47 | $445.0K | Form 4 |
| Feb 11, 2022 | Strader Hunter GreggEVP - Retired 12-31-21 | Sale | 8,433 | $38.30 | $323.0K | Form 4 |
| Feb 9, 2022 | Strader Hunter GreggEVP - Retired 12-31-21 | Sale | 950 | $38.45 | $36.5K | Form 4 |
| Feb 1, 2022 | Settle John H JrSVP | Sale | 240 | $37.30 | $9.0K | Form 4 |
| Jan 28, 2022 | Strader Hunter GreggEVP - Retired 12-31-21 | Sale | 4,379 | $39.15 | $171.4K | Form 4 |
| Dec 17, 2021 | Strader Hunter GreggEVP - Retired 12-31-21 | Buy | 69 | $37.32 | $2.6K | Form 4 |
| Dec 17, 2021 | LOVE JOHN HDirector | Buy | 7 | $36.74 | $262 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FJ Capital Management LLCSC 13G/A, 2 filings May 10, 2023 to Feb 8, 202480
- BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jan 26, 202481
SEC filer profile
How AMERICAN NATIONAL BANKSHARES INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAMERICAN NATIONAL BANKSHARES INC.1
- CIK0000741516
- Employer ID (EIN)54-12846881
- Filer statusAccelerated filer1
- Incorporated inVirginia1
- Fiscal year endsDecember 311
- Industry code (SIC)6021 National Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address628 Main St, Danville, VA 245411
- Mailing address628 Main Street, P O Box 191, Danville, VA 245431
- Phone43479251111
- Shares outstanding10,419,679 as of Mar 26, 202414
- Public float$321.2M as of Jun 30, 202314
- On EDGAR sinceMay 12, 19951
- Filings2,367 in all: 4 (1,735), 8-K (294), 10-Q (87), 4/A (50), 3 (31), 10-K (29), DEF 14A (23), SC 13G/A (15)1
All 35 form types
EFFECT (14), 425 (9), 8-K/A (7), POS AM (7), 424B3 (5), CORRESP (5), S-4 (5), S-4/A (5), S-8 POS (5), UPLOAD (5), 10-K/A (4), DEFA14A (4), S-3 (4), SC 13G (4), S-8 (3), SC 13E4/A (3), 10-Q/A (2), 3/A (2), S-3D (2), 15-12G (1), 25-NSE (1), ARS (1), DEFM14A (1), DEL AM (1), PRE 14A (1), S-3/A (1), SC 13E4 (1)
- Latest filingsAnnual report (10-K) Mar 15, 2024
Quarterly report (10-Q) Nov 8, 2023
Proxy statement (DEF 14A) Apr 6, 2023
Latest 8-K (8-K) Apr 1, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARJeffrey Haley V., Chair
- 18SEC EDGARCharles H. Majors, Chair
- 19SEC EDGARJeffrey Haley V., President
- 20
- 21
- 22SEC EDGARCathy W. Liles, SVP
- 23SEC EDGARAlexander Jung, EVP
- 24SEC EDGARRhonda P. Joyce, EVP
- 25SEC EDGARCharles S. Harris, EVP
- 26SEC EDGARJohn H. Settle Jr., EVP
- 27SEC EDGARSusan King Still, EVP
- 28SEC EDGARJeffrey W. Farrar, EVP
- 29
- 30SEC EDGARHunter Gregg Strader, Executive VP
- 31
- 32
- 33
- 34
- 35
- 36SEC EDGARJeffrey Haley V., Sr. Vice President
- 37
- 38SEC EDGARR. Helm Dobbins, Sr. Vice President
- 39SEC EDGARRick J. Barker, Board member
- 40
- 41SEC EDGARWilliam J. Farrell Ii., Board member
- 42SEC EDGARJeffrey W. Farrar, Board member
- 43SEC EDGARWilliam W. Traynham, Board member
- 44SEC EDGARKenneth S. Bowling, Board member
- 45SEC EDGARNancy H. Agee, Board member
- 46SEC EDGARTammy M. Finley, Board member
- 47SEC EDGARJoel R. Shephard, Board member
- 48SEC EDGARPenn Ronda, Board member
- 49SEC EDGARDan Miller Pleasant, Board member
- 50SEC EDGARJohn H. Love, Board member
- 51SEC EDGARF. D. Hornaday Iii., Board member
- 52SEC EDGARFranklin W. Maddux, Board member
- 53SEC EDGARClaude B. Owen, Board member
- 54SEC EDGARLester A. Hudson Jr., Board member
- 55SEC EDGARCharles S. Harris, Board member
- 56SEC EDGARMartha W. Medley, Board member
- 57SEC EDGARBen J. Davenport Jr., Board member
- 58SEC EDGARFred A. Blair, Board member
- 59SEC EDGARFred B. Leggett Jr., Board member
- 60SEC EDGARMichael P. Haley, Board member
- 61SEC EDGARFrank C. Crist Jr., Board member
- 62SEC EDGARJeffrey Haley V., Board member
- 63
- 64SEC EDGAROther events
- 65SEC EDGAROther events
- 66SEC EDGARResults of operations
- 67SEC EDGARExecutive or director change
- 68SEC EDGAROther events
- 69SEC EDGARShareholder vote
- 70SEC EDGARResults of operations
- 71
- 72SEC EDGARResults of operations
- 73SEC EDGAROther events
- 74SEC EDGARShareholder vote
- 75
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- 81