Xenith Bankshares

Xenith Bank is strategically focused on the Virginia business, real estate and private banking communities, as well as select retail markets. Continued consolidation in the banking industry has left many customers in these segments underserved, thereby creating the need in the market for a new generation of sophisticated banking that Xenith Bank provides. Our new banking model combines the reliability and lending power of larger, traditional institutions with the technology, expertise and flexibility required in today’s dynamic market.

Type
Public
HQ
Richmond, US
Founded
2008
Xenith Bankshares was founded in 2008 and is headquartered in Richmond, US

Xenith Bankshares Office Locations

Xenith Bankshares has an office in Richmond
Richmond, US (HQ)
1700 901 E Cary St

Xenith Bankshares Financials and Metrics

Xenith Bankshares Financials

Xenith Bankshares's revenue was reported to be $103.5 m in FY, 2016
USD

Revenue (Q2, 2017)

33.4 m

Gross profit (Q2, 2017)

28.5 m

Gross profit margin (Q2, 2017), %

85%

EBIT (Q2, 2017)

24.7 m

Market capitalization (31-Oct-2017)

742 m

Closing share price (31-Oct-2017)

31.7

Cash (30-Jun-2017)

15.8 m
Xenith Bankshares's current market capitalization is $742 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

76.9 m72.3 m74.5 m103.5 m

Revenue growth, %

(6%)3%39%

Cost of goods sold

13.4 m12.3 m12.9 m15.5 m

Gross profit

63.5 m60 m61.6 m88 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

26.9 m25.3 m23.5 m24.5 m24.4 m27.1 m27.2 m25.1 m26.6 m30.2 m32.8 m33.4 m

Cost of goods sold

3.2 m3 m2.9 m3.2 m3.3 m3.3 m3.2 m3.2 m3.1 m4.4 m4.8 m4.9 m

Gross profit

23.7 m22.3 m20.6 m21.3 m21.1 m23.8 m24 m21.9 m23.5 m25.9 m28 m28.5 m

Gross profit Margin, %

88%88%88%87%87%88%88%87%88%86%85%85%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

30.7 m39.2 m61.9 m18.8 m

Accounts Receivable

2.4 m3.5 m4.4 m8.8 m

Inventories

2.5 b

PP&E

5.1 m8 m7.5 m57 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

16.3 m17.6 m18.3 m16.9 m16.3 m17.6 m17.6 m17.4 m16.2 m42.7 m16.2 m15.8 m

Accounts Receivable

4.9 m4.6 m4.4 m4.5 m4.2 m4.1 m4.1 m4.3 m3.8 m9.2 m8.5 m7.8 m

Inventories

1.4 b1.3 b1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b1.6 b2.5 b2.4 b2.4 b

PP&E

69.6 m66.6 m65.7 m64.1 m62.8 m62.5 m61.7 m50.9 m50.9 m57.2 m56.4 m55.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 m1.3 m4.2 m

Depreciation and Amortization

365 k411 k458 k2.9 m

Accounts Receivable

(797 k)(776 k)(932 k)(226 k)

Accounts Payable

(17 k)22 k150 k81 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

5.2 m3.6 m6.4 m8.6 m1.9 m5.1 m5.9 m1.6 m4.8 m

Depreciation and Amortization

2.6 m833 k1.6 m2.6 m801 k1.6 m2.4 m734 k1.4 m2.1 m742 k1.5 m

Accounts Receivable

215 k244 k408 k322 k294 k388 k354 k(189 k)270 k(625 k)319 k1 m

Accounts Payable

788 k316 k(5.5 m)(5.5 m)22 k3 k(77 k)18 k32 k(103 k)(44 k)(92 k)
Y, 2017

Financial Leverage

6.6 x
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Xenith Bankshares Operating Metrics

Xenith Bankshares's Total Loans Issued was reported to be $2.4 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-accrual Loans

$21.51 m$22.91 m$40.89 m$34.38 m$35.51 m$34.25 m$29.94 m$43.44 m$32.37 m$26.18 m$23.5 m

Total Loans Issued

$1.42 b$1.53 b$1.53 b$1.53 b$1.54 b$1.52 b$1.56 b$2.47 b$2.46 b$2.36 b$2.37 b

Bank Branches

343742
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Xenith Bankshares Market Value History

Xenith Bankshares's Web-traffic and Trends

Xenith Bankshares Company Life and Culture

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