Access National reports results, declares dividend.
Global Banking News-January 22, 2015--Access National reports results, declares dividend
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Global Banking News - 22 January 2015
Access National Corporation (NASDAQ: ANCX), the parent company for Access National Bank (Bank), has reported a net income of USD3.5m, or USD0.34 per common share diluted for the fourth quarter of 2014.
Pre-tax earnings for the fourth quarter 2014 increased by USD452,000, or 9.1 percent when compared to fourth quarter pre-tax earnings 2013. Pre-tax earnings for the year 2014 were USD21.5m, up USD1.1m, or 5.2 percent from USD20.4m for the year 2013.
Year over year, the banking segment pre-tax earnings increased USD1.6m, or 9 percent, the mortgage segment pre-tax earnings increased by USD164,000 or 3.4 percent, and the wealth management segment pre-tax loss decreased USD401,000 or 53.4 percent.
At December 31, 2014, total assets amounted to USD1.05bn, an overall increase of USD205.7m compared to USD847.2m at December 31, 2013.
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