logo
Share SHARE
FONT-SIZE Plus   Neg

Access National Q1 Profit Up 50%

Access National Corp. (ANCX), 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
Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"... QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
comments powered by Disqus
Follow RTT