Southern National Bancorp of Virginia

Headquartered in McLean Virginia, Sonabank was founded in 2004, by husband and wife team Rod Porter and Georgia Derrico. Rod and Georgia assembled an experienced banking team with over 100 years of combined banking experience. Sona quickly grew from 2 branches to 24 (all located in Maryland and Virginia). Though Sonabank offers the customer service of a community bank, our full line of business and personal products is backed by the technology you expect from a large corporate bank. We offer Totally Free Checking, great rates on CDs and Savings accounts as well as Interest-Bearing Checking accounts. We also offer advanced online banking with an option for automatic bill payment and 24/7 Remote Deposit, Sweep accounts and more. Sonabank specializes in small to medium sized business banking. We are an award winning SBA Preferred Lender and we provide many other types of financing suited for businesses.

Type
Public
HQ
McLean, US
Founded
2004
Size (employees)
181 (est)
Southern National Bancorp of Virginia was founded in 2004 and is headquartered in McLean, US

Southern National Bancorp of Virginia Office Locations

Southern National Bancorp of Virginia has an office in McLean
McLean, US (HQ)
6830 Old Dominion Dr

Southern National Bancorp of Virginia Metrics

Southern National Bancorp of Virginia Financial Metrics

Revenue (2016)

$51.8 m

Revenue growth (2015-16), %

9%

Gross profit

$43.1 m

Gross profit margin (2016), %

83%

Net income (2016)

$10.3 m

Market capitalization (21-Mar-2017)

$198.4 m

Closing share price (21-Mar-2017)

$17

Cash (31-Dec-2016)

$47.4 m
Southern National Bancorp of Virginia's current market capitalization is $198.4 m.
Southern National Bancorp of Virginia's revenue was reported to be $51.8 m in 2016 which is a 9% increase from the previous period.
Y, 2013Y, 2014Y, 2015Y, 2016

Revenue

$36.9 m$40.5 m$47.5 m$51.8 m

Revenue growth, %

10%17%9%

Cost of goods sold

$4.7 m$4.7 m$7.1 m$8.6 m

Gross profit

$32.2 m$35.8 m$40.4 m$43.1 m

Gross profit Margin, %

87%88%85%83%

EBIT

$26.8 m$30 m$33.5 m$35.4 m

EBIT margin, %

73%74%70%68%

Interest income

$30.4 m$33.4 m$36.6 m$40.3 m

Pre tax profit

$9.3 m$11.2 m$14 m$15.4 m

Net Income

$6.3 m$7.5 m$9.3 m$10.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$20.9 m$38.3 m$30.3 m$47.4 m

Accounts Receivable

Inventories

Goodwill

$9.2 m$10.5 m$10.5 m$10.5 m

Total Assets

$716.2 m$916.6 m$1 b$1.1 b

Accounts Payable

Additional Paid-in Capital

$97.1 m$104.1 m$104.4 m$104.9 m

Retained Earnings

$12.6 m$12.8 m$15.7 m$22.1 m

Total Equity

$106.6 m$114 m$119.6 m$126.3 m

Financial Leverage

6.7 x8 x8.7 x9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$6.3 m$7.5 m$9.3 m$10.3 m

Depreciation and Amortization

$665 k$764 k$876 k$798 k

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$5.8 m$11.5 m$12.2 m$18 m

Cash From Investing Activities

($127 m)($95.6 m)

Interest Paid

$4.6 m$4.5 m$6.8 m$8.3 m

Income Taxes Paid

$4.6 m$3.3 m$3 m$4.6 m

Southern National Bancorp of Virginia Market Value History

Southern National Bancorp of Virginia Online Presence

Southern National Bancorp of Virginia Company Life

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