WashingtonFirst Bankshares

WashingtonFirst Bankshares, Inc. is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates approximately 20 banking offices throughout the Washington, District of Columbia (D.C.) metropolitan area. The Company's segments include traditional commercial banking, a mortgage banking business and a wealth management business. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on a premium over their cost to borrow funds. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio, Inc. (Wealth Advisors), located in Fairfax, Virginia, and mortgage banking services through the Bank's subsidiary, WashingtonFirst Mortgage, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.
Type
Public
HQ
Reston, US
Founded
2004
Size (employees)
220 (est)
Website
wfbi.com
WashingtonFirst Bankshares was founded in 2004 and is headquartered in Reston, US

Key People at WashingtonFirst Bankshares

Shaza L. Andersen

Shaza L. Andersen

Chief Executive Officer

WashingtonFirst Bankshares Office Locations

WashingtonFirst Bankshares has an office in Reston
Reston, US (HQ)
250 11921 Freedom Dr

WashingtonFirst Bankshares Data and Metrics

WashingtonFirst Bankshares Financial Metrics

WashingtonFirst Bankshares's revenue was reported to be $73.1 m in FY, 2015 which is a 33% increase from the previous period.
$, USD

Revenue (FY, 2015)

73.1 m

Revenue growth (FY, 2014 - FY, 2015), %

33%

Net income (FY, 2015)

12.3 m

Market capitalization (23-Jun-2017)

441.3 m

Closing share price (23-Jun-2017)

33.6

Cash (31-Dec-2016)

97.4 m
WashingtonFirst Bankshares's current market capitalization is $441.3 m.
$, USDFY, 2013FY, 2014FY, 2015

Revenue

46.1 m55.1 m73.1 m

Revenue growth, %

20%33%

Cost of goods sold

6.1 m

Gross profit

40 m

Gross profit Margin, %

87%

EBIT

35.2 m

EBIT margin, %

76%

Net Income

6.3 m9.4 m12.3 m
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

109.2 m62.3 m62.8 m97.4 m

Accounts Receivable

3.5 m3.9 m4.5 m5.2 m

PP&E

5.4 m6.2 m7.4 m7 m

Goodwill

11.4 m11.4 m

Total Assets

1.1 b1.3 b1.7 b2 b

Accounts Payable

524 k548 k912 k947 k

Common Stock

66 k77 k103 k109 k

Additional Paid-in Capital

177.9 m

Total Equity

134.5 m178.6 m192.7 m

Financial Leverage

9.9 x9.4 x10.4 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.3 m9.4 m12.3 m18 m

Depreciation and Amortization

1.4 m1.6 m1.5 m2.1 m

Accounts Receivable

(42 k)(386 k)(650 k)(741 k)

Accounts Payable

(1.5 m)24 k364 k35 k

Cash From Operating Activities

14.2 m13.1 m11.3 m22.7 m

Cash From Investing Activities

(106.7 m)15.8 m(292.6 m)(298.9 m)

Dividends Paid

(178 k)(74 k)

Cash From Financing Activities

(22.5 m)60.1 m281.7 m310.8 m
Y, 2016

Financial Leverage

10.4 x

WashingtonFirst Bankshares Market Value History

WashingtonFirst Bankshares Company Life and Culture

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