Eastern Virginia Bankshares

Eastern Virginia Bankshares, Inc., is a bank holding company for EVB. EVB is a community bank targeting small to medium-sized businesses and consumers in its traditional coastal plain markets and the emerging suburbs outside of the Richmond, Tidewater, and southern Virginia areas. The Bank provides a broad range of personal and commercial banking services including commercial, consumer, and real estate loans. It complements its lending operations with an array of retail and commercial deposit products and fee-based services.

Type
Subsidiary
Parent Company
Southern National Bancorp of Virginia
HQ
Tappahannock, US
Founded
1910
Eastern Virginia Bankshares was founded in 1910 and is headquartered in Tappahannock, US

Eastern Virginia Bankshares Office Locations

Eastern Virginia Bankshares has an office in Tappahannock
Tappahannock, US (HQ)
330 Hospital Rd

Eastern Virginia Bankshares Data and Metrics

Eastern Virginia Bankshares Summary

Founding Date

1910
Eastern Virginia Bankshares is a subsidiary of Southern National Bancorp of Virginia

Eastern Virginia Bankshares Financial Metrics

Eastern Virginia Bankshares's revenue was reported to be $15.6 m in Q1, 2017
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

42 m41.9 m48 m58.3 m

Revenue growth, %

(0%)14%21%

Cost of goods sold

8 m4.4 m5.6 m6.7 m

Gross profit

34 m37.5 m42.4 m51.6 m

Gross profit Margin, %

81%89%88%89%

EBIT

32.1 m37.2 m42.4 m44.8 m

EBIT margin, %

76%89%88%77%

Pre tax profit

(5 m)8.1 m9.8 m11.2 m

Net Income

(2.6 m)5.7 m7.3 m7.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

11.7 m13.5 m13.7 m14.2 m14.3 m14.6 m15.6 m

Cost of goods sold

1.1 m1.3 m1.5 m1.6 m1.7 m1.6 m2.1 m

Gross profit

10.6 m12.1 m12.2 m12.6 m12.6 m12.9 m13.5 m

Gross profit Margin, %

90%90%89%88%88%89%87%

Sales and marketing expense

4.7 m5.5 m5.4 m5.2 m5.5 m5.8 m5.8 m

Operating expense total

4.7 m5.5 m5.4 m5.2 m5.5 m5.8 m5.8 m

EBIT

9 m10.6 m10.5 m11 m11 m11 m11.9 m

EBIT margin, %

77%79%77%77%77%76%77%

Pre tax profit

1.9 m1.9 m2.7 m3.1 m2.7 m2.8 m2.7 m

Income tax expense

658 k432 k697 k903 k770 k815 k899 k

Net Income

3.7 m4.9 m1.6 m3.1 m5.1 m2.2 m4.1 m6.1 m1.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.9 m14 m13.5 m5 m

Accounts Receivable

3.9 m4 m4.1 m13 m

Goodwill

16 m17.1 m17.1 m17.1 m

Total Assets

1 b1.2 b1.3 b1.4 b

Accounts Payable

1.3 m316 k590 k1.1 b

Total Debt

173.7 m

Total Liabilities

1.3 b

Retained Earnings

39.6 m39.3 m44.9 m51.1 m

Total Equity

132.9 m134.3 m126.3 m131.2 m

Debt to Equity Ratio

1.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

7.7 x8.8 x10.1 x10.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

12.3 m12.5 m14.1 m14.4 m12.6 m12.3 m13.7 m6.3 m4.8 m

Goodwill

16 m16 m17.1 m17.1 m17.1 m17.1 m17.1 m17.1 m17.1 m

Total Assets

1.1 b1.1 b1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b1.4 b

Accounts Payable

821.5 m821.5 m958.2 m957.2 m974.8 m998.9 m998.6 m1 b1.1 b

Retained Earnings

43.2 m39 m40.4 m41.5 m43.1 m46.8 m48.3 m50 m52.3 m

Total Equity

140.8 m137.8 m132 m121.9 m124.9 m130.5 m132.7 m134.6 m132.9 m

Financial Leverage

7.5 x7.6 x9 x10 x9.9 x9.9 x9.8 x9.8 x10.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(2.6 m)5.7 m7.3 m7.8 m

Depreciation and Amortization

2.1 m2.2 m2.6 m2.5 m

Accounts Receivable

330 k222 k(46 k)(646 k)

Accounts Payable

(349 k)(1 m)274 k162 k

Cash From Operating Activities

4.1 m11.8 m13.6 m15.5 m

Purchases of PP&E

(21.6 m)(30.8 m)

Cash From Investing Activities

2.9 m(30.9 m)(81.6 m)(150.3 m)

Cash From Financing Activities

(34.3 m)19.4 m80.3 m120.5 m

Interest Paid

8.4 m5.4 m5.3 m6.5 m

Income Taxes Paid

105 k87 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m4.9 m1.6 m3.1 m5.1 m2.2 m4.1 m6.1 m1.8 m

Depreciation and Amortization

1 m1.6 m631 k1.3 m1.9 m633 k1.3 m1.9 m613 k

Accounts Receivable

131 k36 k(216 k)23 k(183 k)(431 k)(80 k)(310 k)(216 k)

Accounts Payable

(983 k)(1 m)(23 k)214 k544 k326 k90 k352 k376 k

Cash From Operating Activities

4.9 m8.8 m3.1 m5.5 m9.3 m4.4 m7.4 m12.1 m4.2 m

Purchases of PP&E

(5.4 m)(5.8 m)(16.4 m)(6.9 m)

Cash From Investing Activities

(30 m)(28.5 m)(5.9 m)(37.6 m)(57.7 m)(31.9 m)(29.8 m)(58.3 m)(44.7 m)

Cash From Financing Activities

22.4 m16.7 m9.1 m33.4 m53.3 m10.9 m17.3 m34.2 m45.3 m

Interest Paid

3.2 m4.4 m1.2 m2.3 m3.5 m1.3 m3.2 m4.6 m1.7 m

Income Taxes Paid

78 k100 k144 k

Traffic Overview of Eastern Virginia Bankshares

Eastern Virginia Bankshares Online and Social Media Presence

Eastern Virginia Bankshares Company Life and Culture

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