Last $6.03 USD
Change Today +0.03 / 0.50%
Volume 35.9K
As of 8:10 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

xenith bankshares inc (XBKS) Snapshot

Open
$6.00
Previous Close
$6.00
Day High
$6.10
Day Low
$5.95
52 Week High
09/6/13 - $6.40
52 Week Low
04/23/13 - $4.95
Market Cap
62.9M
Average Volume 10 Days
12.8K
EPS TTM
$0.18
Shares Outstanding
10.4M
EX-Date
--
P/E TM
33.5x
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: 04/7/14

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: $266.0K
Chief Operations & Technology Officer, Execut...
Total Annual Compensation: $266.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $266.0K
Compensation as of Fiscal Year 2012.

xenith bankshares inc (XBKS) Key Developments

Xenith Bankshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Xenith Bankshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net interest was $5.6 million, unchanged from the fourth quarter of 2012. The impact of higher average loan balances and lower cost of deposits was offset by lower accretion and lower yields on loans. Return on average assets was 0.16% compared to 0.24% a year ago. Return on average common equity was 1.34% compared to 1.68% a year ago. Book value per common share was $7.60 compared to $7.55 a year ago. Tangible book value per common share was $6.10 compared to $6.02 a year ago. The company reported fourth quarter 2013 net income of $268,000, or $0.02 per common share, compared to fourth quarter 2012 net income of $332,000, or $0.03 per common share. For the year, the company reported net interest income of $22.147 million compared to $22.029 million a year ago. Total interest income was $25.633 million compared to $25.976 million a year ago. Net interest income after provision for loan and lease losses was $20,661,000 compared to $20,210,000 a year ago. Income before income tax was $3,051,000 compared to $2,809,000 a year ago. Net income available to common shareholders was $1,902,000 or $0.18 per basic and diluted share compared to $7,290,000 or $0.70 per basic and diluted share a year ago. Return on average assets was 0.33% compared to 1.42% a year ago. Return on average common equity was 2.49% compared to 9.89% a year ago.

Xenith Bankshares, Inc. Presents at Ambassador Financial Group Community Bank Investor Conference, Mar-06-2014

Xenith Bankshares, Inc. Presents at Ambassador Financial Group Community Bank Investor Conference, Mar-06-2014 . Venue: Chrysler Building, 405 Lexington Avenue, New York, New York, United States.

Xenith Bankshares, Inc. Announces Retirement of Malcolm S. McDonald as Board Chairman

Xenith Bankshares, Inc. announced that its Board Chairman will not stand for re-election to the company's board of directors at the company's annual meeting of shareholders scheduled for May 1, 2014. Malcolm S. McDonald, a director of the company since 2009, will retire from the company's board effective at the expiration of his current term at the May 1 meeting. McDonald is the former Chairman and CEO of Signet Banking Corporation.

 

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Industry Analysis

XBKS

Industry Average

Valuation XBKS Industry Range
Price/Earnings 33.3x
Price/Sales 2.8x
Price/Book 0.8x
Price/Cash Flow 31.5x
TEV/Sales 0.5x
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