Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Access National Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.