OverviewSuggest Edit

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.
TypePublic
Founded2008
HQRichmond, US
Websitexenithbank.com
Employee Ratings3.5

Locations

Xenith Bankshares is headquartered in
Richmond, United States

Location Map

Latest Updates

Employees (est.) (Sep 2017)468
Job Openings122
Revenue (FY, 2016)$11.1 M(-64%)
Share Price (May 2018)$33.8 (+7%)

Xenith Bankshares Office Locations

Xenith Bankshares has offices in Richmond, Cape Charles, Chesapeake, Chincoteague Island and in 17 other locations
Richmond, US (HQ)
901 E Cary St #1700
Cape Charles, US
22468 Lankford Hwy
Chesapeake, US
1500 Mt Pleasant Rd
Chesapeake, US
201 Volvo Pkwy
Chesapeake, US
239 S Battlefield Blvd
Chesapeake, US
4108 Portsmouth Blvd
Show all (40)

Xenith Bankshares Financials and Metrics

Xenith Bankshares Revenue

Xenith Bankshares's revenue was reported to be $11.12 m in FY, 2016 which is a 38.9% increase from the previous period.
USD

Revenue (Q3, 2017)

4.2m

Net income (Q3, 2017)

7.2m

Market capitalization (31-May-2018)

785.4m

Closing stock price (31-May-2018)

33.8

Cash (30-Sep-2017)

165.2m

EV

725.2m
Xenith Bankshares's current market capitalization is $785.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.2m7.7m25.5m24.6m31.6m11.1m

Revenue growth, %

(6%)3%39%

Sales and marketing expense

1.4m1.5m1.6m539.0k

R&D expense

4.6m3.9m4.2m4.6m5.5m5.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

3.4m(171.0k)3.1m2.0m2.2m5.4m7.6m7.9m7.3m5.5m6.1m6.5m8.0m8.4m7.0m8.4m2.9m3.1m3.8m4.2m

Sales and marketing expense

254.0k349.0k423.0k260.0k445.0k386.0k270.0k266.0k398.0k224.0k285.0k158.0k

R&D expense

1.2m1.3m1.1m930.0k970.0k797.0k1.1m1.1m1.1m1.0m1.2m1.4m1.6m1.5m1.3m1.5m1.4m1.0m1.5m1.4m

Operating expense total

4.9m4.9m4.2m3.5m3.8m3.8m5.2m4.3m3.9m3.6m4.2m4.1m4.6m4.6m4.0m4.1m4.7m4.3m4.3m4.3m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

138.1m101.2m62.3m103.6m63.7m18.8m

Accounts Receivable

1.4b1.4b1.3b1.4b1.5b8.8m

Inventories

2.5b

PP&E

87.6m78.7m67.1m63.5m52.2m57.0m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(98.6m)(25.1m)5.8m9.8m94.7m55.5m

Depreciation and Amortization

4.5m4.1m5.6m3.4m3.2m3.4m

Cash From Operating Activities

(33.0m)736.0k90.7m13.4m(12.9m)42.2m

Purchases of PP&E

(2.5m)(2.9m)(2.4m)(1.5m)(675.0k)(1.6m)
USDY, 2017

EV/CFO

17.8 x

Revenue/Employee

8.9k

Debt/Equity

0.2 x

Financial Leverage

6.7 x
Show all financial metrics

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
Show all operating metrics

Xenith Bankshares Online and Social Media Presence

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Xenith Bankshares Frequently Asked Questions

  • When was Xenith Bankshares founded?

    Xenith Bankshares was founded in 2008.

  • How many employees does Xenith Bankshares have?

    Xenith Bankshares has 468 employees.

  • What is Xenith Bankshares revenue?

    Latest Xenith Bankshares annual revenue is $11.1 m.

  • What is Xenith Bankshares revenue per employee?

    Latest Xenith Bankshares revenue per employee is $23.8 k.

  • Who are Xenith Bankshares competitors?

    Competitors of Xenith Bankshares include Bank Hapoalim, United Bancorp and Capital Bank Financial.

  • Where is Xenith Bankshares headquarters?

    Xenith Bankshares headquarters is located at 901 E Cary St #1700, Richmond.

  • Where are Xenith Bankshares offices?

    Xenith Bankshares has offices in Richmond, Cape Charles, Chesapeake, Chincoteague Island and in 17 other locations.

  • How many offices does Xenith Bankshares have?

    Xenith Bankshares has 40 offices.