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)+11%
Access National Corporation was founded in 1999 and is headquartered in Chantilly, US

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
Manassas, US
100 8525 Rolling Rd
Leesburg, US
103 300 Fort Evans Rd Ne
Chantilly, US
120 4221 Walney Rd
Vienna, US
100 8221 Old Courthouse Rd

Access National Corporation Data and Metrics

Access National Corporation Financial Metrics

Access National Corporation's revenue was reported to be $19.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

19.6 m

Gross profit (Q1, 2017)

17.7 m

Gross profit margin (Q1, 2017), %

90%

Net income (Q1, 2017)

2.6 m

EBIT (Q1, 2017)

10.3 m

Market capitalization (21-Jul-2017)

289 m

Cash (31-Mar-2017)

43.6 m
Access National Corporation's current market capitalization is $289 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

Gross profit Margin, %

94%92%

Operating expense total

41.9 m47.8 m

EBIT

39.4 m41.6 m

EBIT margin, %

56%51%

Pre tax profit

23.6 m25.6 m

Income tax expense

8.2 m9.2 m

Net Income

13.2 m13.9 m15.4 m16.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

95%94%92%93%92%90%

Sales and marketing expense

7 m6.7 m7.7 m8.4 m8.2 m8 m

General and administrative expense

742 k751 k761 k749 k768 k820 k

Operating expense total

7.7 m7.5 m8.4 m9.2 m9 m8.9 m

EBIT

9.7 m10.1 m10.6 m10.6 m10.4 m10.3 m

EBIT margin, %

54%57%56%49%48%53%

Pre tax profit

6.1 m6 m6.2 m7.5 m6.9 m4.1 m

Income tax expense

2.1 m2.1 m2.1 m2.6 m2.5 m1.5 m

Net Income

5.5 m10.4 m3.6 m7.6 m11.5 m4.1 m9 m13.4 m2.6 m
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

Accounts Payable

1.1 b

Total Debt

146.1 m246 m

Total Liabilities

1.3 b

Additional Paid-in Capital

17.3 m18.5 m20 m21.8 m

Retained Earnings

67.1 m72.2 m81.4 m91.4 m

Total Equity

91.1 m98.9 m109.1 m120.5 m

Debt to Equity Ratio

1.3 x2 x

Debt to Assets Ratio

0.1 x0.2 x

Financial Leverage

9.3 x10.6 x10.8 x11.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

11.7 m8.2 m11.3 m12.3 m11.1 m14.5 m81.5 m81.9 m43.6 m

Inventories

740.1 m727.1 m794.2 m834.2 m849 m914.7 m942.7 m966.5 m

PP&E

8.3 m7 m6.9 m

Goodwill

1.5 m

Total Assets

999.2 m1 b1.1 b1.2 b1.1 b1.2 b1.3 b1.4 b1.4 b

Accounts Payable

791.8 m732.1 m786.3 m905.4 m931.4 m960.5 m1 b1.1 b1.2 b

Additional Paid-in Capital

18 m18.3 m19.4 m19.5 m19.6 m20.4 m20.6 m21.2 m24.3 m

Retained Earnings

70.2 m73.8 m74.3 m76.7 m79 m83.9 m87.2 m90 m92.4 m

Total Equity

96.1 m99.7 m102.6 m104.5 m107.6 m114 m118.4 m121.3 m124.2 m

Financial Leverage

10.4 x10.2 x10.4 x11.2 x10.4 x10.7 x11 x11.2 x11.3 x
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)

Cash From Investing Activities

(90.4 m)(150.1 m)(146.3 m)(206.8 m)

Dividends Paid

(11.5 m)(5.2 m)(9.9 m)(6.4 m)

Cash From Financing Activities

(26.4 m)191.1 m110.1 m235.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

5.5 m10.4 m3.6 m7.6 m11.5 m4.1 m9 m13.4 m2.6 m

Depreciation and Amortization

240 k363 k119 k249 k380 k120 k254 k384 k145 k

Cash From Operating Activities

(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 m

Purchases of PP&E

(63.2 m)(94.5 m)(21 m)(58.8 m)

Cash From Investing Activities

(97.3 m)(103 m)(13.2 m)(70.2 m)(84 m)(21.8 m)(63 m)(108.3 m)(19.7 m)

Dividends Paid

(2.4 m)(3.8 m)(1.5 m)(3 m)(4.6 m)(1.6 m)(3.2 m)(4.8 m)

Cash From Financing Activities

144.6 m158.9 m15.1 m110.2 m56.3 m31.8 m113.8 m167.8 m(30.6 m)

Interest Paid

1.9 m

Income Taxes Paid

12 k
USDY, 2017

Revenue/Employee

74.5 k

Financial Leverage

11.3 x

Access National Corporation Market Value History

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Access National Corporation Company Life and Culture

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