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
Size (employees)
118 (est)
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 Data and Metrics

Xenith Bankshares Financial Metrics

Xenith Bankshares's revenue was reported to be $103.5 m in FY, 2016 which is a 39% increase from the previous period.
USD

Revenue (FY, 2016)

103.5 m

Revenue growth (FY, 2015 - FY, 2016), %

39%

Gross profit (FY, 2016)

88 m

Gross profit margin (FY, 2016), %

85%

EBIT (FY, 2016)

65.5 m

Market capitalization (20-Jan-2017)

614.7 m

Closing share price (20-Jan-2017)

26.5

Cash (31-Dec-2016)

18.8 m

EV

767.8 m
Xenith Bankshares's current market capitalization is $614.7 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

Gross profit Margin, %

83%83%83%85%

Operating expense total

82.3 m74.7 m90.3 m80.9 m

EBIT

62.5 m60 m61 m65.5 m

EBIT margin, %

81%83%82%63%

Interest income

63.5 m60 m61.6 m76.9 m

Pre tax profit

2.4 m

Income tax expense

(90 k)6 k(92.3 m)996 k

Net Income

5.8 m9.8 m94.7 m
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

Goodwill

26.9 m

Total Assets

679.9 m918.1 m1 b3.3 b

Accounts Payable

215 k276 k426 k2.6 b

Total Debt

172 m

Total Liabilities

2.8 b

Common Stock

1.7 m

Additional Paid-in Capital

71.8 m86 m86.7 m710.9 m

Retained Earnings

(1.8 m)(560 k)3.6 m(245.5 m)

Total Equity

87.7 m106.2 m102.7 m463.6 m

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.1 x

Financial Leverage

7.8 x8.6 x10.1 x7 x
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

Cash From Operating Activities

80.6 m1.3 m10 m

Purchases of PP&E

(157.2 m)(192.1 m)(18.3 m)

Cash From Investing Activities

(177.9 m)(112.8 m)(99.9 m)

Long-term Borrowings

(165.5 m)

Cash From Financing Activities

115.6 m120 m112.6 m54.7 m

Interest Paid

3.5 m4.6 m6.3 m15.2 m

Income Taxes Paid

295 k1.4 m1.8 m8 k
USDY, 2016

EV/EBIT

11.7 x

Revenue/Employee

877.5 k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

7 x

Xenith Bankshares Company Life and Culture

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