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.
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
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Key People/Management at WashingtonFirst Bankshares

Shaza L. Andersen

Shaza L. Andersen

CEO

WashingtonFirst Bankshares Office Locations

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

WashingtonFirst Bankshares Financials

WashingtonFirst Bankshares's revenue was reported to be $101.35 m in FY, 2016 which is a 38.7% increase from the previous period.
USD

Net income (Q2, 2017)

5.3 m

EBIT (Q2, 2017)

16.7 m

Market capitalization (22-Dec-2017)

446.8 m

Cash (30-Jun-2017)

30.1 m

EV

489.8 m
WashingtonFirst Bankshares's current market capitalization is $446.8 m.
Annual
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
Quarterly
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%
Annual
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
Quarterly
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
Annual
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 Payable

(1.5 m)24 k364 k35 k
Quarterly
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 Payable

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

Cash From Operating Activities

9.9 m1.3 m2.1 m7.8 m1.7 m6.9 m15.1 m2.4 m(12.9 m)(15.5 m)6.2 m(5.6 m)
USDY, 2017

EV/EBIT

29.4 x

EV/CFO

-87.8 x

Financial Leverage

10.2 x
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WashingtonFirst Bankshares Operating Metrics

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

Bank Branches

18 22 22

Non-accrual Loans

$11.21 m$5.64 m$5.92 m$8.38 m$14.50 m$8.79 m$7.42 m$5.89 m$8.54 m$5.46 m$4.04 m

Total Loans

$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$1.60 b$1.64 b
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WashingtonFirst Bankshares Revenue Breakdown

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WashingtonFirst Bankshares revenue breakdown by business segment: 23.8% from Mortgage Bank, 74.4% from Commercial Bank and 1.8% from Other

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WashingtonFirst Bankshares Online and Social Media Presence

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