New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 20, 2012
15:19 EDTANCXAccess National updates capital management outlook
The previously stated objective of a tangible capital to asset ratio of 8.0% or better remains. As of September 30, the ratio stood at 10.92% and following this special dividend, will remain above 10.0% on a pro forma basis, well in excess of the objective. There are proposed regulatory changes to capital requirements outlined in Basel III. The company evaluated the impact of the proposed changes and concluded it will continue to have an adequate cushion to support this action and other uses of capital described below. The published strategic objective that calls for balance sheet growth of $100M per year remains intact and management is confident the company can directionally deliver on this objective as the economy continues to recover. The pro forma capital ratio remains adequate to support management's organic growth.
News For ANCX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 17, 2014
07:03 EDTANCXAccess National reports Q3 EPS 47c, may not compare to consensus 29c
Subscribe for More Information
07:01 EDTANCXAccess National board increases dividend to 14c per share
Consistent with managementís stated objective of a 40%-50% payout ratio against core earnings, the Board of Directors declared a cash dividend of 14c per share for holders of record as of November 3 and payable on November 25. This 7th increase in routine dividends over the last 2-years reflects Managementís continued favorable outlook on performance and capital.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use