Access National Corporation

Access National Corporation is a bank holding company operating through its subsidiary, Access National Bank. The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the greater Washington, D.C. Metropolitan Area. The Corporation has three reportable segments: traditional commercial banking, a mortgage banking business and a wealth management business. Revenues from commercial banking operations consist primarily of interest earned on loans and investment securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage loans held for sale, gains on sales of loans in the secondary mortgage market, and loan origination fee income. Wealth management operating revenues consist of transactional fees charged to clients as well as fees for portfolio asset management. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on a premium over their cost to borrow funds.

Company Growth (employees)
Type
Public
HQ
Chantilly, US
Founded
1999
Size (employees)
276 (est)
Access National Corporation was founded in 1999 and is headquartered in Chantilly, US

Key People/Management at Access National Corporation

Michael Clarke

Michael Clarke

President and Chief Executive Officer
Mark Moore

Mark Moore

President
John Edgemond

John Edgemond

Director
Gary Shook

Gary Shook

Director
Martin Friedman

Martin Friedman

Director
Thomas Kody

Thomas Kody

Director
J. Babbitt

J. Babbitt

Director
Robert Shoemaker

Robert Shoemaker

Executive VP
Jeffrey Culver

Jeffrey Culver

Executive VP and Chief Operating Officer
Dean Hackemer

Dean Hackemer

President - Access National Mortgage Division
Michael Anzilotti

Michael Anzilotti

Director Chairman - Access National Bank
Margaret Taylor

Margaret Taylor

Executive VP and Chief Financial Officer

Access National Corporation Office Locations

Access National Corporation has offices in Chantilly, Vienna, Leesburg, Manassas and in 1 other location
Chantilly, US (HQ)
14006 Lee Jackson Memorial Hwy
Alexandria, US
2050 Ballenger Ave
Chantilly, US
120 4221 Walney Rd
Leesburg, US
103 300 Fort Evans Rd NE
Manassas, US
100 8525 Rolling Rd
Vienna, US
100 8221 Old Courthouse Rd
Show all (6)

Access National Corporation Financials and Metrics

Access National Corporation Financials

Access National Corporation's revenue was reported to be $81.8 m in FY, 2016
USD

Net income (Q3, 2017)

7 m

EBIT (Q3, 2017)

23.7 m

Market capitalization (22-Dec-2017)

583.1 m

Cash (30-Sep-2017)

129.9 m
Access National Corporation's current market capitalization is $583.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

64 m57.8 m69.7 m81.8 m

Revenue growth, %

(10%)21%17%

Cost of goods sold

4.1 m6.3 m

Gross profit

65.6 m75.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

17.9 m17.6 m18.8 m21.5 m21.5 m19.6 m36 m

Cost of goods sold

980 k1.1 m1.4 m1.6 m1.6 m1.9 m3 m

Gross profit

16.9 m16.5 m17.4 m19.9 m19.8 m17.7 m33.1 m

Gross profit Margin, %

95%94%92%93%92%90%92%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

8.1 m9.8 m11.3 m91.1 m

Accounts Receivable

54.8 m

PP&E

8.4 m6.9 m6.7 m

Total Assets

847.2 m1.1 b1.2 b1.4 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

9.6 m10.8 m11.7 m8.2 m11.3 m12.3 m11.1 m14.5 m81.5 m81.9 m43.6 m66.7 m129.9 m

Inventories

654.8 m716.9 m740.1 m727.1 m794.2 m834.2 m849 m914.7 m942.7 m966.5 m

PP&E

8.4 m8.4 m8.3 m7 m6.9 m

Goodwill

1.5 m
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    13.2 m13.9 m15.4 m16.4 m

    Depreciation and Amortization

    478 k485 k507 k515 k

    Cash From Operating Activities

    102.3 m(8.4 m)16.1 m26.3 m

    Purchases of PP&E

    (99.2 m)(100.1 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    10 m2.4 m5.5 m10.4 m3.6 m7.6 m11.5 m4.1 m9 m13.4 m2.6 m6.5 m7 m

    Depreciation and Amortization

    356 k118 k240 k363 k119 k249 k380 k120 k254 k384 k145 k1.5 m

    Cash From Operating Activities

    107.1 m(1.9 m)(22.9 m)(10.6 m)(13 m)(4.5 m)16.6 m(4.2 m)(5.2 m)(13.5 m)2.8 m5 m24.8 m

    Purchases of PP&E

    (63.2 m)(94.5 m)(21 m)(58.8 m)
      Y, 2017

      Financial Leverage

      6.8 x
      Show all financial metrics

      Access National Corporation Operating Metrics

      Access National Corporation's Total Loans Issued was reported to be $1.9 b in Q2, 2017
      FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

      Total Loans Issued

      $776.6 m$794.21 m$834.24 m$849.04 m$887.48 m$914.68 m$942.73 m$966.55 m$1.05 b$1.07 b$1.93 b

      Non-accrual Loans

      $1.62 m$6.78 m$7.43 m$6.62 m$7.42 m$7.22 m$1.87 m$5.85 m$6.92 m$5.24 m$6.51 m
      Show all operating metrics

      Access National Corporation Market Value History

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      Access National Corporation Online and Social Media Presence

      Access National Corporation Company Life and Culture

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