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.
TypePublic
HQReston, US
Founded2004
Size (employees)253 (est)
Websitewfbi.com
WashingtonFirst Bankshares was founded in 2004 and is headquartered in Reston, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

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, (HQ)
250 11921 Freedom Dr
Show all (1)
Report incorrect company information

WashingtonFirst Bankshares Financials and Metrics

WashingtonFirst Bankshares Revenue

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 (Q3, 2017)

5.6m

EBIT (Q3, 2017)

17.4m

Market capitalization (22-Dec-2017)

446.8m

Cash (30-Sep-2017)

38.0m

EV

506.6m
WashingtonFirst Bankshares's current market capitalization is $446.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

48.0m55.1m73.1m101.4m

Revenue growth, %

20%33%39%

Cost of goods sold

6.1m9.2m12.5m

Gross profit

41.8m63.9m88.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.8m

Cost of goods sold

1.5m1.6m1.8m1.9m2.0m2.1m2.3m3.0m3.2m3.1m3.6m4.0m4.2m

Gross profit

11.4m

Gross profit Margin, %

88%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

109.2m62.3m62.8m97.4m

Accounts Receivable

3.5m3.9m4.5m5.2m

PP&E

5.4m6.2m7.4m7.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

154.3m170.2m221.6m100.8m132.0m109.4m64.1m69.1m99.4m131.3m77.3m30.1m38.0m

PP&E

3.8m5.8m5.9m6.0m6.1m6.0m7.0m7.8m7.5m7.3m6.8m6.4m6.0m

Goodwill

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

Total Assets

1.1b1.3b1.4b1.3b1.4b1.5b1.6b1.8b1.9b1.9b2.1b2.1b2.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.3m9.4m12.3m18.0m

Depreciation and Amortization

1.4m1.6m1.5m2.1m

Accounts Payable

(1.5m)24.0k364.0k35.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

5.1m1.6m4.0m6.9m2.8m5.6m8.7m3.9m8.3m13.3m4.4m9.8m15.3m

Depreciation and Amortization

129.0k465.0k1.1m1.4m120.0k(565.0k)188.0k459.0k1.0m1.5m455.0k934.0k1.4m

Accounts Payable

(1.5m)75.0k(6.0k)47.0k85.0k158.0k492.0k57.0k478.0k505.0k443.0k885.0k

Cash From Operating Activities

9.9m1.3m2.1m7.8m1.7m6.9m15.1m2.4m(12.9m)(15.5m)6.2m(5.6m)26.8m
USDY, 2017

EV/EBIT

29.2 x

EV/CFO

18.9 x

Financial Leverage

9.8 x
Show all financial metrics

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
Show all operating metrics

WashingtonFirst Bankshares Revenue Breakdown

Embed Graph

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

Report incorrect company information

WashingtonFirst Bankshares Company Life and Culture

Report incorrect company information

WashingtonFirst Bankshares Frequently Asked Questions

  • When was WashingtonFirst Bankshares founded?

    WashingtonFirst Bankshares was founded in 2004.

  • Who are WashingtonFirst Bankshares key executives?

    WashingtonFirst Bankshares's key executives are Shaza L. Andersen.

  • How many employees does WashingtonFirst Bankshares have?

    WashingtonFirst Bankshares has 253 employees.

  • What is WashingtonFirst Bankshares revenue?

    Latest WashingtonFirst Bankshares annual revenue is $101.4 m.

  • What is WashingtonFirst Bankshares revenue per employee?

    Latest WashingtonFirst Bankshares revenue per employee is $400.6 k.

  • Who are WashingtonFirst Bankshares competitors?

    Competitors of WashingtonFirst Bankshares include Union Bank, Wintrust and Southside Bancshares.

  • Where is WashingtonFirst Bankshares headquarters?

    WashingtonFirst Bankshares headquarters is located at 250 11921 Freedom Dr, Reston.

  • Where are WashingtonFirst Bankshares offices?

    WashingtonFirst Bankshares has an office in Reston.

  • How many offices does WashingtonFirst Bankshares have?

    WashingtonFirst Bankshares has 1 office.