Xenith Bankshares provides community and commercial banking services primarily to individuals and small to medium-sized businesses in Virginia, North Carolina, Maryland, and Greater Washington, D.C. It provides interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, savings accounts, and individual retirement accounts, as well as certificates of deposit. The Company also offers commercial and industrial loans to businesses for financing of accounts receivable, inventory, or equipment and machinery; construction loans to individuals and businesses for the construction of single family residential and multi-family properties, and commercial projects, as well as the development of residential neighborhoods and commercial office parks; commercial mortgage loans for the purchase and re-financing of owner and non-owner occupied commercial properties; residential mortgage loans; installment loans for personal, family, and general household needs; and automobile, marine, home improvement, vacations, and debt consolidation loans.
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Type
Public
HQ
Richmond, US
Founded
2008
Size (employees)
468 (est)
Xenith Bankshares was founded in 2008 and is headquartered in Richmond, US
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Xenith Bankshares Office Locations

Xenith Bankshares has offices in Virginia Beach, Suffolk, Richmond, Onley and in 17 other locations
Richmond, US (HQ)
1700 901 E Cary St
Cape Charles, US
22468 Lankford Hwy
Chesapeake, US
201 Volvo Pkwy
Chesapeake, US
4108 Portsmouth Blvd
Chesapeake, US
852 George Washington Hwy N
Chesapeake, US
1500 Mt Pleasant Rd
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Xenith Bankshares Financials and Metrics

Xenith Bankshares Financials

Xenith Bankshares's revenue was reported to be $103.54 m in FY, 2016 which is a 38.9% increase from the previous period.
USD

Revenue (Q2, 2017)

33.4 m

Gross profit (Q2, 2017)

28.5 m

Gross profit margin (Q2, 2017), %

85.4%

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.
Annual
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
Quarterly
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%
Annual
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
Quarterly
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
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 m1.3 m4.2 m

Depreciation and Amortization

365 k411 k458 k2.9 m

Accounts Payable

(17 k)22 k150 k81 k
Quarterly
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 Payable

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

Cash From Operating Activities

77.2 m4.9 m(4.9 m)5 m(28.7 m)(28.4 m)(11 m)11.3 m6.8 m19 m27.6 m
USDY, 2017

Financial Leverage

6.6 x
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Xenith Bankshares Operating Metrics

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

Bank Branches

34 37 42

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$23.50 m

Total Loans

$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
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