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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.
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July 18, 2014
08:32 EDTANCXAccess National reports Q2 EPS 29c, two estimates 25c
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08:31 EDTANCXAccess National increases quarterly dividend to 13c 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 13c per share for holders of record as of August 4, 2014 and payable on August 25, 2014. The increase in routine dividend reflects Managementís favorable performance outlook and comfort with a favorable capital position.

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