1. Financial Services

  2. •

    Banks
Access National Corporation

Access National Corporation

ANCX
Access National CorporationUS flagNASDAQ
23.61
USD
-0.57
- -
2006 Y
2007 Y
2008 Y
2009 Y
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
TTM
Revenue per Share
4.87
4.12
5.04
7.75
5.68
6.28
5.2
5.84
5.23
6.24
7.13
6.47
- -
6.01
Basic EPS, GAAP
0.81
0.32
0.46
0.93
0.72
1.11
1.73
1.28
1.34
1.47
1.55
0.92
- -
1.7
Free Cash Flow per Basic Share
-1.49
2.44
-3.8
2.17
0.17
0.31
0.25
9.88
-0.82
1.51
2.4
1.75
- -
1.43
Dividend per Share
0.02
0.04
0.04
0.04
0.04
0.14
0.96
1.11
0.5
0.94
0.6
0.52
- -
0.46
Book Value per Share
3.55
3.09
3.86
4.73
5.35
6.43
7.22
7.34
7.76
8.58
9.48
6.43
- -
6.67
Tangible Book Value per Share
6.61
4.99
5.63
6.52
6.87
8.06
8.9
8.83
9.49
10.38
11.39
13.15
- -
13.06
Basic Weighted Avg Shares
9
12
10
10
11
10
10
10
10
11
11
18
- -
21
Sales/Revenue/Turnover
46
48
52
81
60
65
53
60
55
66
76
116
- -
125
Operating Margin (%)
24.94
11.06
14.35
19.24
20.28
27.38
-3.01
33.89
39.45
35.96
33.91
24.45
- -
- -
Depreciation Expense
1
1
1
1
- -
- -
- -
- -
- -
1
1
4
- -
4
Net Income, GAAP
8
4
5
10
8
11
18
13
14
15
16
16
- -
35
Effective Tax Rate (%)
33.66
30.05
36.27
37.79
37.4
35.57
37.66
35.39
35.26
34.65
35.93
42.06
- -
18.54
Profit Margin (%)
16.55
7.74
9.15
11.97
12.69
17.64
33.26
21.9
25.54
23.5
21.72
14.17
- -
28.3
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
53
46
47
53
43
11
6
- -
- -
55
60
44
10
10
Total Equity
62
58
58
68
72
83
91
91
99
109
121
422
455
455
Return on Invested Capital (%)
4.87
2.14
2.68
4.9
3.98
6.52
-0.6
5.94
5.08
5.71
5.28
3.37
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
26.94
10.67
12.55
21.68
14.38
18.63
25.31
17.63
17.77
18.02
17.22
15.27
- -
27.81

Capital Structure

FRC

•

in mil. unless spec.
Jun'18
Sep'18
Dec'18
ST Debt
290
213
287
LT Borrowings
45
45
10
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
581
557
444

Working Capital

FRC

•

in mil. unless spec.
Jun'18
Sep'18
Dec'18
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
123
124
509
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
21
- -
23
ST Debt
290
213
287
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.52%
57.4%
7.87%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2016
17
20
20
18
76
2017
18
33
33
33
116
2018
31
32
32
31
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2016
0.39
0.46
0.42
0.28
1.55
2017
0.13
0.19
0.34
0.15
0.92
2018
0.39
0.43
0.46
0.42
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2016
0.15
0.15
0.15
0.15
0.6
2017
0.15
0.08
0.15
0.15
0.52
2018
0.15
0.15
0.16
- -
- -

Company Description

APIChat
Sector
Financial Services
Industry
Banks
Address
IPO Date
Jul 19, 2004
CIK
0001176316
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Business
Access National Corporation (ANCX), founded in 1999 and headquartered in Reston, Virginia, operates as the bank holding company for Access National Bank, providing commercial banking, mortgage banking, and wealth management services primarily to small- and medium-sized businesses, professionals, and individuals in the greater Washington, D.C. metropolitan area, with operations across 15 banking centers in Virginia including Chantilly, Tysons, Reston, Leesburg, Manassas, Arlington, Alexandria, Ashburn, Gainesville, Marshall, Middleburg, Purcellville, Richmond, and Warrenton. The company offers deposit products such as checking, savings, money market, sweep, and zero balance accounts; certificates of deposit; qualified and employer-sponsored retirement plans; and overnight investments; alongside credit products including residential mortgages, asset-secured loans, business investment loans, construction loans, lot and land loans, accounts receivable lines of credit, growth capital term loans, partner buyout funding, business acquisition, franchise, and equipment financing, debt refinancing, commercial mortgages, construction loans, and SBA preferred lender loans; as well as wealth management services encompassing investment management, financial planning, lockbox payment processing, payroll, and retirement account services. Access National Corporation was acquired by Union Bankshares Corporation in an all-stock transaction valued at approximately $610 million, completed on January 31, 2019, after which it ceased independent operations as a standalone public entity, with its banking activities integrated into Atlantic Union Bank following Union Bankshares' rebranding to Atlantic Union Bankshares Corporation.