logo
Share SHARE
FONT-SIZE Plus   Neg

Access National Q1 Profit Up 50%

Access National Corp. (ANCX: Quote), the parent company for Access National Bank, Tuesday said its first quarter profit increased 50 percent to $3.4 million or $0.33 per share from $2.3 million or $0.22 per share in the same quarter last year, helped mainly by higher interest income.

Net-interest income for the period increased to $7.9 million from $6.6 million last year. Non-interest income more than doubled to $12.1 million from $5.8 million last year. Provision for loan losses were $718 thousand, compared to $223 thousand last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life. Abercrombie & Fitch said it would stop hiring store employees based on their body type or physical attractiveness, and that its events, including store openings, will no longer have the presence of shirtless models.
comments powered by Disqus
Follow RTT