Company Information

  

Address: 11921 FREEDOM DRIVE
SUITE 250 
City: RESTON 
State: VA 
Zip Code: 20190 
Telephone: (703) 240-2421 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

The Company was organized in 2009 under the laws of Virginia to operate as a bank holding company and is headquartered in Reston, Virginia. The Company is the holding company for WashingtonFirst Bank, which operates 19 full-service banking offices throughout the Washington, D.C. metropolitan area. The Bank opened for business in April 2004 and is chartered by the Commonwealth of Virginia. Through the end of 2016, the FDIC served as its primary federal regulator. In January 2017, the Bank became a member of the Federal Reserve System and, as such, is subject to regulation and supervision by the Federal Reserve Board going forward. With the acquisition of 1st Portfolio, Inc. in July 2015, the Company provides wealth management services with offices located in Fairfax, Virginia; and mortgage banking services through the Bank's wholly owned subsidiary, WashingtonFirst Mortgage which operates in two locations: Fairfax, Virginia and Rockville, Maryland.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20171.470.07023.49
03/20171.410.07019.86
12/20161.370.07021.16
09/20161.250.05718.79
06/20161.240.05716.62
03/20161.170.05717.76
12/20151.130.05719.03
09/20151.120.04815.61

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.10Total Liab/Total Assets0.90
Net Inc/Total Assets0.01Total Liab/Inv Cap1.03
Net Inc/Inv Cap0.01Total Liab/Comm Equity10.17
Pretax Inc/Net Sales0.28Interest Coverage Ratio8.52
Net Inc/Net Sales0.18Curr Debt/Equity1.24
Cash Flow/Net Sales0.22LTD/EquityNA
SG&A/NetSales0.56Total Debt/Equity1.24
Asset Utilization   Liquidity  
Net Receivables Turnover20.80Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E12.09  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 28.09 25.21 24.75 27.60
Cost of Goods Sold 2.90 2.42 2.30 2.23
Selling & Admin Exps 14.54 13.70 13.22 15.58
Operating Income NA NA NA NA
Interest Exp 1.05 1.23 0.91 0.86
Pretax Income 8.15 6.86 7.09 7.86
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 5.34 4.44 4.74 4.94

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 349.34 387.45 389.30 376.37
Receivables - Total 5.78 5.51 5.24 4.41
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 7.12 7.60 8.38 9.27
Total Assets 2,083.18 2,059.02 2,002.91 1,916.94
Liabilities        
Accounts Payable 1.39 1.45 0.95 1.39
Debt in Current Liabilities 88.38 136.93 237.95 143.82
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 1,879.60 1,861.79 1,810.25 1,724.96
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.13 0.13 0.13 0.12
Retained Earnings 25.14 20.72 17.19 28.80
Treasury Stock NA NA NA NA
Total Stockholders' Equity 203.58 197.23 192.66 191.98
Total Liabilities and Stockholders' Equity 2,083.18 2,059.02 2,002.91 1,916.94

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -11.76 6.18 38.21 -2.54
Net Cash Provided by Investing Activities -52.52 -81.75 -156.21 -21.52
Net Cash Provided by Financing Activities 17.01 55.52 84.05 55.94

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201231.762.240.51
12/201347.976.340.73
12/201457.129.421.07
12/201571.0712.261.13
12/2016101.3518.011.37
Growth Rates33.6668.4828.02

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17746,84854.75




Report Date : 10/16/2017

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