Southern National Banc. of Virginia, Inc (OQ:SONA)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 1770 Timberwood Blvd Ste 100
Tel: N/A
IR: See website
Key People
Georgia S. Derrico
Executive Chairman of the Board
Joe A. Shearin
Chief Executive Officer, Director of the Company and the Bank
R. Roderick Porter
Executive Vice Chairman of the Board of the Company and the Bank
Jeffrey L. Karafa
Chief Financial Officer, Executive Vice President
George Cody Sheflett
Chief Operating Officer, Executive Vice President, Chief Information Officer
Business Overview
Southern National Bancorp of Virginia, Inc. (Southern National) is the bank holding company for Sonabank (Sonabank). The Company's principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios. Sonabank is a Virginia state chartered bank. Sonabank provides a range of financial services to individuals, and small and medium sized businesses. The Company focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in various industries, as well as loans to individuals for a variety of purposes. It focuses on serving small to medium-sized businesses in its market with a range of services, including an array of commercial mortgage and non-mortgage loans.
Financial Overview
For the nine months ended 30 September 2019, Southern National Banc. of Virginia, Inc interest income increased 4% to $91.2M. Net interest income after loan loss provision decreased 1% to $63.6M. Net income decreased 7% to $24.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 9% to 3.39%, Net Interest Spread, Total - % decrease of 13% to 3.05%, Interest&Dividend-Invest. Sec.
Employees: 348 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $463.92M as of Sep 30, 2019
Annual revenue (TTM): $122.32M as of Sep 30, 2019
EBITDA (TTM): $52.77M as of Sep 30, 2019
Net annual income (TTM): $31.91M as of Sep 30, 2019
Free cash flow (TTM): $28.34M as of Sep 30, 2019
Net Debt Last Fiscal Year: $65.89M as of Sep 30, 2019
Shares outstanding: 24,181,534 as of Nov 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization