Southern National Bancorp (SONA) Misses Q1 EPS by 1c

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Go back to Southern National Bancorp (SONA) Misses Q1 EPS by 1c

Southern National Bancorp of Virginia Inc. Reports Earnings for the First Quarter of 2015 of $2.0 Million, Up From $1.6 Million the Prior Year, and Declares a Dividend of $.08

April 23, 2015 3:00 PM EDT

MCLEAN, Va., April 23, 2015 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq: SONA), the holding company for Sonabank, announced today that net income for the quarter ended March 31, 2015 was $2.0 million compared to $1.6 million during the quarter ended March 31, 2014.

The Board of Directors declared a dividend of $.08 per share payable on May 22, 2015 to shareholders of record on May 11, 2015. This is our fourteenth consecutive quarterly dividend.

Net Interest Income

During the first quarter of 2015, net interest income before the provision for loan losses was $8.9 million, up significantly from $7.6 million... More