Last $6.40 USD
Change Today 0.00 / 0.00%
Volume 1.4K
XBKS On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 1:25 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

xenith bankshares inc (XBKS) Snapshot

Open
$6.30
Previous Close
$6.40
Day High
$6.40
Day Low
$6.30
52 Week High
07/21/14 - $6.76
52 Week Low
10/11/13 - $5.50
Market Cap
77.1M
Average Volume 10 Days
5.2K
EPS TTM
$0.10
Shares Outstanding
12.0M
EX-Date
--
P/E TM
64.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for XENITH BANKSHARES INC (XBKS)

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xenith bankshares inc (XBKS) Details

Xenith Bankshares, Inc. operates as the bank holding company for Xenith Bank that provides commercial banking products and services in Virginia. The company offers various deposit products, such as commercial and consumer checking accounts, non-interest-bearing demand accounts, money market accounts, savings accounts, and time deposits. It also provides secured and unsecured commercial and industrial loans; commercial real estate loans, including construction and land development loans; residential real estate loans; and consumer loans. In addition, it offers checking, savings, and treasury products, including remote deposit capture, automated clearing house transactions, debit cards, automated teller machine access, Internet and mobile banking, and bill pay service. The company serves middle market and small businesses, local real estate developers and investors, private banking clients, and retail banking clients. As of March 21, 2014, it operated six branch locations in Tysons Corner, Richmond, and Suffolk, Virginia. Xenith Bankshares, Inc. is headquartered in Richmond, Virginia.

98 Employees
Last Reported Date: 04/30/14

xenith bankshares inc (XBKS) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $260.0K
Chief Administrative Officer, Chief Financial...
Total Annual Compensation: $241.0K
Chief Operations & Technology Officer, Execut...
Total Annual Compensation: $241.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $241.0K
Compensation as of Fiscal Year 2013.

xenith bankshares inc (XBKS) Key Developments

Xenith Bankshares Mulls Acquisitions

Xenith Bankshares, Inc. (NasdaqCM:XBKS) is seeking acquisitions. Gaylon Layfield, III, President and Chief Executive Officer, said, "In executing our strategic plan and business model, we continue to anticipate solid organic loan and deposit growth with an eye towards thoughtful and prudent acquisitions."

Xenith Bankshares, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Xenith Bankshares, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income was $205,000, or $0.02 per basic and diluted share, in second quarter 2014, compared to net loss of $552,000, or $0.05 per basic and diluted share, in second quarter 2013. Net interest income after provision for loan losses was $5.749 million in the second quarter of 2014 compared to $5.253 million in the second quarter of 2013. Total interest income for the three months ended June 30, 2014 was $6.710 million compared to $6.104 million for the three months ended June 30, 2013. Loss before income tax was at $0.197 million against income before income tax of $0.829 million last year. Return on average assets was negative 0.11% against 0.39% last year. Return on average common equity was negative 1.01% against 2.77% reported last year. For the first six months of 2014, net income was $0.50 million or $0.00 per basic and diluted share, compared to $0.970 million, or $0.09 per basic and diluted share, for the first six months of 2013. Net interest income after provision for loan losses was $11.214 million in the first half of 2014 compared to $10.502 million in the first half of 2013. Book value per common share at June 30, 2014 was $7.57. Tangible book value was $6.21 per common share. For the first six months of 2014, total interest income was $13.042 million compared to $12.292 million for the first six months of 2013. Income before income tax was at $0.266 million against $1.492 million last year.

Xenith Bankshares, Inc. Elects Thomas G. Snead as Chairman of the Board of Directors

Xenith Bankshares, Inc., parent company of Xenith Bank, announced that its board of directors elected Thomas G. Snead, Jr. as Chairman of Xenith Bankshares' Board at its annual meeting held on May 1, 2014. Mr. Snead, who is retired, has served on the board of directors of Xenith Bankshares, Inc. since May 2, 2013.

 

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XBKS Competitors

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1st Century Bancshares Inc $7.12 USD -0.054
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First Community Corp/SC $10.61 USD -0.04
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Industry Analysis

XBKS

Industry Average

Valuation XBKS Industry Range
Price/Earnings 69.0x
Price/Sales 3.0x
Price/Book 0.8x
Price/Cash Flow 72.3x
TEV/Sales NM Not Meaningful
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