Access National Corp. (ANCX) Tops Q3 EPS by 18c

Access National Corp. (NASDAQ: ANCX) reported Q3 EPS of $0.47, $0.18 better than the analyst estimate of $0.29.

Total assets at September 30, 2014 amounted to $1.02 billion compared to $847.2 million at December 31, 2013, an overall increase of $167.8 million. An increase in loans held for investment of $40.0 million, a $45.2 million increase in interest-bearing balances, a $48.9 million growth in investment securities, a growth in loans held for sale of $17.9 million, and a $17.5 million increase in other assets due to a $15 million BOLI purchase accounted for the majority of this increase. The third quarter of 2014 reflected loan growth in the commercial real estate – owner occupied, commercial real estate – non-owner occupied, and residential real estate categories of the loans held for investment portfolio.

For earnings history and earnings-related data on Access National Corp. (ANCX) click here.

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