Access National Corp. (Nasdaq:ANCX) reported third quarter net income of $3.1 million, a record level of quarterly earnings and a 27.8% increase over the $2.4 million recorded in the third quarter of 2010. This represents the company's 45th consecutive quarterly profit over its 12 year history. Net income per diluted common share was $0.30, an increase of 30.4% over the $0.23 reported in the third quarter of 2010. The increase in net income is primarily due to a combination of a decrease in interest expense and an increase in non-interest income
Access National Corporation operates as the bank holding company for Access National Bank that provides commercial credit, deposit, and mortgage services to middle market businesses and associated professionals primarily in the greater Washington, D.C. Metropolitan area.
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October 21st, 2011 at 03:43 pm