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 Metrics

WashingtonFirst Bankshares Financial Metrics

Revenue (2015)

$73.1 m

Revenue growth (2014-15), %

33%

Net income (2015)

$12.3 m

Market capitalization (21-Mar-2017)

$364.3 m

Closing share price (21-Mar-2017)

$28.1

Cash (31-Dec-2016)

$97.4 m
WashingtonFirst Bankshares's current market capitalization is $364.3 m.
WashingtonFirst Bankshares's revenue was reported to be $73.1 m in FY, 2015 which is a 32.6% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$46.1 m$55.1 m$73.1 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 m$9.4 m$12.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$109.2 m$62.3 m$62.8 m$97.4 m

Accounts Receivable

$3.5 m$3.9 m$4.5 m$5.2 m

Inventories

PP&E

$5.4 m$6.2 m$7.4 m$7 m

Goodwill

$11.4 m$11.4 m

Total Assets

$1.1 b$1.3 b$1.7 b$2 b

Accounts Payable

$524 k$548 k$912 k$947 k

Common Stock

$66 k$77 k$103 k$109 k

Additional Paid-in Capital

$177.9 m

Total Equity

$134.5 m$178.6 m$192.7 m

Financial Leverage

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

Net Income

$6.3 m$9.4 m$12.3 m$18 m

Depreciation and Amortization

$1.4 m$1.6 m$1.5 m$2.1 m

Accounts Receivable

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

Inventories

Accounts Payable

($1.5 m)$24 k$364 k$35 k

Cash From Operating Activities

$14.2 m$13.1 m$11.3 m$22.7 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 m$281.7 m$310.8 m

WashingtonFirst Bankshares Market Value History

WashingtonFirst Bankshares Company Life

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