Last $6.40 USD
Change Today -0.09 / -1.39%
Volume 24.1K
As of 5:20 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

xenith bankshares inc (XBKS) Snapshot

Open
$6.50
Previous Close
$6.49
Day High
$6.50
Day Low
$6.30
52 Week High
07/21/14 - $6.76
52 Week Low
08/2/13 - $5.30
Market Cap
66.7M
Average Volume 10 Days
11.5K
EPS TTM
$0.17
Shares Outstanding
10.4M
EX-Date
--
P/E TM
37.6x
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, 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.

Xenith Bankshares, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Xenith Bankshares, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income of $6,331,000 against $6,188,000 a year ago. Net interest income was $5,464,000 against $5,249,000 a year ago. Income before income tax was $464,000 against $663,000 a year ago. Net income available to common shareholders was $234,000 against $397,000 a year ago. Basic and diluted earnings per share were $0.02 against $0.04 a year ago. Return on average assets was 0.15% against 0.29% a year ago. Return on average common equity was 1.27% against 2.10% a year ago. Book value per common share was $7.72 against $7.57 a year ago. Tangible book value per common share was $6.23 against $6.05 a year ago.

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.

 

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XBKS:US $6.40 USD -0.09

XBKS Competitors

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Company Last Change
1st Century Bancshares Inc $7.45 USD -0.08
Elmira Savings Bank $21.50 USD -0.01
Fauquier Bankshares Inc $15.32 USD 0.00
First Community Corp/SC $10.65 USD 0.00
Bank of South Carolina Corp $14.90 USD 0.00
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Industry Analysis

XBKS

Industry Average

Valuation XBKS Industry Range
Price/Earnings 39.4x
Price/Sales 3.0x
Price/Book 0.8x
Price/Cash Flow 37.1x
TEV/Sales 1.3x
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