WashingtonFirst Bankshares

WashingtonFirst Bankshares, Inc. is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank, operates banking offices throughout the Washington, District of Columbia metropolitan area. Its 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. and mortgage banking services through the Bank's subsidiary, WashingtonFirst Mortgage.
Company Growth (employees)
Type
Public
HQ
Reston, US
Founded
2004
Size (employees)
253 (est)
Website
wfbi.com
WashingtonFirst Bankshares was founded in 2004 and is headquartered in Reston, US

Key People/Management 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 Financials and Metrics

WashingtonFirst Bankshares Financials

WashingtonFirst Bankshares's revenue was reported to be $101.4 m in FY, 2016
USD

Net income (Q2, 2017)

5.3 m

EBIT (Q2, 2017)

16.7 m

Market capitalization (13-Dec-2017)

449.8 m

Cash (30-Jun-2017)

30.1 m

EV

492.8 m
WashingtonFirst Bankshares's current market capitalization is $449.8 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.1 m55.1 m73.1 m101.4 m

Revenue growth, %

20%33%39%

Cost of goods sold

6.1 m12.5 m

Gross profit

40 m88.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

12.8 m

Cost of goods sold

1.5 m1.6 m1.8 m1.9 m2 m2.1 m2.3 m3 m3.2 m3.1 m3.6 m4 m

Gross profit

11.4 m

Gross profit Margin, %

88%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

154.3 m170.2 m221.6 m100.8 m132 m109.4 m64.1 m69.1 m99.4 m131.3 m77.3 m30.1 m

PP&E

3.8 m5.8 m5.9 m6 m6.1 m6 m7 m7.8 m7.5 m7.3 m6.8 m6.4 m

Goodwill

11.5 m11.4 m11.4 m11.4 m11.4 m11.4 m

Total Assets

1.1 b1.3 b1.4 b1.3 b1.4 b1.5 b1.6 b1.8 b1.9 b1.9 b2.1 b2.1 b
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

5.1 m1.6 m4 m6.9 m2.8 m5.6 m8.7 m3.9 m8.3 m13.3 m4.4 m9.8 m

Depreciation and Amortization

129 k465 k1.1 m1.4 m120 k174 k188 k459 k1 m1.5 m455 k934 k

Accounts Receivable

217 k191 k(209 k)(185 k)96 k(46 k)(431 k)(122 k)(44 k)96 k(268 k)(535 k)

Accounts Payable

(1.5 m)75 k(6 k)47 k85 k158 k492 k57 k478 k505 k443 k
Y, 2017

EV/EBIT

29.6 x

EV/CFO

-88.3 x

Financial Leverage

10.2 x
Show all financial metrics

WashingtonFirst Bankshares Operating Metrics

WashingtonFirst Bankshares's Total Loans Issued was reported to be $1.6 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

182222

Total Loans Issued

$1.07 b$1.09 b$1.18 b$1.26 b$1.34 b$1.35 b$1.39 b$1.43 b$1.57 b$1.6 b$1.64 b

Non-accrual Loans

$11.21 m$5.64 m$5.92 m$8.38 m$14.5 m$8.79 m$7.42 m$5.89 m$8.54 m$5.46 m$4.04 m
Show all operating metrics

WashingtonFirst Bankshares Market Value History

WashingtonFirst Bankshares Revenue Breakdown

WashingtonFirst Bankshares's Web-traffic and Trends

WashingtonFirst Bankshares Online and Social Media Presence

WashingtonFirst Bankshares Company Life and Culture

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