Southern National Bancorp of Virginia

Southern National Bancorp of Virginia operates as the bank holding company for Sonabank.

TypePublic
HQMcLean, US
Founded2004
Size (employees)90 (est)-44%
Websitesonabank.com
Southern National Bancorp of Virginia was founded in 2004 and is headquartered in McLean, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Southern National Bancorp of Virginia

Georgia Derrico

Georgia Derrico

Chairman & Chief Executive Officer
William Lagos

William Lagos

Senior Vice President & Chief Financial Officer
R. Porter

R. Porter

President & Chief Operating Officer
William Stevens

William Stevens

Executive Vice President, Credit
Show more

Southern National Bancorp of Virginia Office Locations

Southern National Bancorp of Virginia has offices in McLean and Burgess
McLean, US (HQ)
6830 Old Dominion Dr
Burgess, US
14954 Northumberland Hwy
Show all (2)
Report incorrect company information

Southern National Bancorp of Virginia Financials and Metrics

Southern National Bancorp of Virginia Revenue

Embed Graph
View revenue for all periods
Southern National Bancorp of Virginia's revenue was reported to be $89 m in FY, 2017
USD

Revenue (Q3, 2018)

32.7m

Gross profit (Q3, 2018)

25.2m

Gross profit margin (Q3, 2018), %

77.2%

Net income (Q3, 2018)

8.9m

EBIT (Q3, 2018)

21.5m

Market capitalization (16-Jan-2019)

347.3m

Closing stock price (16-Jan-2019)

14.4

Cash (30-Sep-2018)

34.5m
Southern National Bancorp of Virginia's current market capitalization is $347.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

36.9m40.5m47.5m51.8m89.0m

Revenue growth, %

10%17%9%

Cost of goods sold

4.7m4.7m7.1m8.6m15.7m

Gross profit

32.2m35.8m40.4m43.1m73.3m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

9.2m12.5m12.1m12.2m13.3m13.8m15.1m31.1m31.1m32.2m32.7m

Cost of goods sold

1.1m1.7m2.0m2.0m2.1m2.2m2.7m3.0m5.0m5.5m6.5m7.5m

Gross profit

8.1m10.8m10.1m10.2m11.2m11.5m12.1m26.1m25.6m25.7m25.2m

Gross profit Margin, %

88%86%84%84%84%84%80%84%82%80%77%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.9m38.3m30.3m47.4m25.5m

Accounts Receivable

Inventories

2.1b

Goodwill

9.2m10.5m10.5m10.5m100.6m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

74.5m51.5m34.1m41.7m50.4m35.4m44.6m23.3m28.6m52.2m34.5m

Inventories

2.1b

Goodwill

10.5m10.5m10.5m10.5m10.5m10.5m99.2m97.0m100.4m102.0m102.0m

Total Assets

1.0b1.0b1.1b1.1b1.1b1.2b2.6b2.6b2.7b2.7b2.7b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.3m7.5m9.3m10.3m2.4m

Depreciation and Amortization

665.0k764.0k876.0k798.0k2.2m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

4.9m1.6m3.4m5.5m2.0m4.5m7.0m2.6m5.4m8.1m2.1m(788.0k)3.6m8.3m17.1m26.0m

Depreciation and Amortization

495.0k172.0k351.0k549.0k227.0k451.0k668.0k208.0k415.0k613.0k179.0k426.0k1.3m841.0k1.6m2.4m

Cash From Operating Activities

7.2m2.3m4.6m8.2m3.3m5.3m12.0m2.3m5.4m12.0m6.5m366.0k12.4m14.4m20.1m31.8m

Cash From Investing Activities

(57.8m)(90.7m)(43.5m)(72.8m)(79.8m)(48.4m)(36.3m)(30.0m)(38.3m)(90.4m)(86.3m)
USDY, 2018

Financial Leverage

7.9 x
Show all financial metrics

Southern National Bancorp of Virginia Operating Metrics

Southern National Bancorp of Virginia's Total Loans was reported to be $2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

24 23 23

Non-performing Loans

$5.65 m$5.98 m$4.84 m$4.59 m$4.17 m$2.90 m$2.32 m$3.92 m$3.80 m$3.66 m$3.11 m

Total Loans

$703.47 m$729.22 m$760.04 m$789.56 m$829.43 m$870.64 m$906.34 m$912.83 m$930.42 m$974.22 m$2.03 b
Show all operating metrics
Report incorrect company information

Southern National Bancorp of Virginia Online and Social Media Presence

Embed Graph
Report incorrect company information

Southern National Bancorp of Virginia News and Updates

Southern National Bancorp of Virginia, Inc. announces net income of $8.9 million for the quarter ended September 30, 2018 bringing its 2018 year to date net income to $26.0 million and declares a dividend of $0.08 per share, its twenty-eighth consecutive quarterly dividend

MCLEAN, Va., Oct. 25, 2018 /PRNewswire/ -- Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) ("Southern National" or the "Company"), and its wholly-owned subsidiary Sonabank (the "Bank"), today announced net income of $8.9 million and $26.0 million for the three and nine months...

Southern National Bancorp of Virginia, Inc. Names Jeffrey Karafa Chief Financial Officer

MCLEAN, Va., Sept. 20, 2018 /PRNewswire/ -- Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) ("Southern National") announced today that Jeffrey L. Karafa has been appointed Executive Vice President and Chief Financial Officer of Southern National, effective September 19, 2018....
Report incorrect company information

Southern National Bancorp of Virginia Company Life and Culture

Report incorrect company information

Southern National Bancorp of Virginia Frequently Asked Questions

  • When was Southern National Bancorp of Virginia founded?

    Southern National Bancorp of Virginia was founded in 2004.

  • Who are Southern National Bancorp of Virginia key executives?

    Southern National Bancorp of Virginia's key executives are Georgia Derrico, William Lagos and R. Porter.

  • How many employees does Southern National Bancorp of Virginia have?

    Southern National Bancorp of Virginia has 90 employees.

  • What is Southern National Bancorp of Virginia revenue?

    Latest Southern National Bancorp of Virginia annual revenue is $89 m.

  • What is Southern National Bancorp of Virginia revenue per employee?

    Latest Southern National Bancorp of Virginia revenue per employee is $988.9 k.

  • Who are Southern National Bancorp of Virginia competitors?

    Competitors of Southern National Bancorp of Virginia include Casco FX, Trustly Group and Moneycorp.

  • Where is Southern National Bancorp of Virginia headquarters?

    Southern National Bancorp of Virginia headquarters is located at 6830 Old Dominion Dr, McLean.

  • Where are Southern National Bancorp of Virginia offices?

    Southern National Bancorp of Virginia has offices in McLean and Burgess.

  • How many offices does Southern National Bancorp of Virginia have?

    Southern National Bancorp of Virginia has 2 offices.