Amid banking sector collapse, potential bargains.

Post date: 2023-03-15 17:51:35 GMT

In the wreckage of the financial sector, AbleMarkets AI points out two bright spots.

In the wake of the banking sector destruction caused by SVB and Signature Bank collapse, stocks of most of financial institutions have taken serious beating. Medium-sized banks have suffered a particular toll: with fewer resources for communication, mid-sized regional banks may appear opaque to investors scared of financial contagion. AbleMarkets Corporate Filings AI, however, believes in the future of two banks: Bar Harbor Bankshares (BHB) and American National Bankshares INC. (AMNB), both of whom filed their annual 10-K reports with the U.S. SEC yesterday, March 14, 2023.

American National Bankshares Inc. (AMNB) is a financial holding company that operates mainly in Virginia and North Carolina. It is a publicly traded company listed on the Nasdaq Global Select Market under the ticker symbol "AMNB". The company has a long history, beginning its operations in 1891 as Danville Banking and Trust Company. Today, it operates a network of 34 branches and provides a wide range of financial services, including commercial lending, personal banking, investment services, trust services, and insurance services. American National Bankshares Inc. is committed to providing superior customer service and sound financial advice to its customers. The company is dedicated to helping its customers achieve their financial goals by providing a wide range of banking and financial services.

According to their 10-K, AMNB diligently examines its financial condition and results of operations to help make decisions about the future. They measure things like the money coming in, the money going out, and how much money is left over. They also make sure that their financial information is accurate and follows rules. They use different methods, such as looking at historical losses, to estimate how much money they should keep in reserves to cover any losses. They also use different techniques to estimate how much they should charge-off for loans that may not be paid back. Finally, they use different methods to value assets and make sure they are not overpaying for the loans.

Bar Harbor Bankshares (BHB) is a publicly traded financial services company and the parent company of Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bankshares has grown to become one of the largest banks in Northern New England with over 50 locations, 500+ dedicated professionals, and over $5 billion in total assets. The company a variety of financial products and services designed around our customers to help them achieve their financial goals. They are committed to providing excellent customer service and a broad range of products to meet the financial needs of their customers. With their regional niche focus on wealth management, BHB appears to be poised to weather the banking system turmoil.

AbleMarkets Corporate Filings AI uses cutting-edge methodologies described in Big Data Science in Finance by Aldridge and Avellaneda (2021). Subscribe to AbleMarkets today to enable alerts, emails and more.