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Access National: 4Q Earnings Snapshot

RESTON, Va. (AP) _ Access National Corp. (ANCX) on Friday reported fourth-quarter net income of $8.7 million.

The Reston, Virginia-based bank said it had earnings of 41 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 48 cents per share.

The parent company of Access National Bank posted revenue of $36.7 million in the period. Its revenue net of interest expense was $30.8 million, which fell short of Street forecasts.

For the year, the company reported profit of $35.4 million, or $1.69 per share. Revenue was reported as $125 million.

Access National shares have increased 12 percent since the beginning of the year. The stock has dropped 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANCX at https://www.zacks.com/ap/ANCX