Access National (ANCX) Tops Q2 EPS by 5c

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Go back to Access National (ANCX) Tops Q2 EPS by 5c

Access National Declares Dividend, Reports Second Quarter Earnings

July 17, 2015 6:45 AM EDT

RESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported second quarter 2015 net income of $4.0 million, or $0.38 per common share. This represents the Corporations 60th consecutive quarterly profit over its 62 quarter history. Consistent with managements stated objective of a 40%-50% payout ratio against core earnings, the Board of Directors declared a cash dividend of $0.15 per share for holders of record as of August 03, 2015 and payable on August 25, 2015. The routine dividend reflects Managements favorable performance outlook and comfort with a favorable capital position.

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