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WashingtonFirst Bankshares, Inc. (WFBI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  68.959.351.644.326.622.8
        Interest income on investments  4.43.33.02.21.41.6
       73.863.255.146.828.224.4
        Interest on deposits  8.76.45.44.84.14.1
    Total interest expense  12.59.27.26.14.95.0
Net interest income  61.454.047.940.723.319.4
Provision for loan losses  3.93.63.04.83.22.3
Net interest income after provision for loan losses  57.550.444.935.920.017.1
        Deposit and loan fees  0.30.40.50.50.50.5
        Gain on sale of investments, net  1.30.00.2-1.5 0.0
        Other non-interest income  25.97.41.42.13.10.7
Total non-interest income  27.57.92.01.13.51.2
Non-interest expenses  56.939.633.128.120.213.8
Pre-tax income before non-recurring items  28.219.314.09.08.34.4
Non-recurring items  0.00.50.20.04.9 
Pre-tax income  28.118.713.89.03.44.4
Income taxes  10.16.54.42.61.21.8
            Tax rate  36.0%34.5%31.6%29.3%34.4%40.8%
Net income  18.012.29.36.22.11.9
            Net margin  21.2%20.9%19.8%16.6%8.7%10.6%
   
Basic EPS  $1.40$1.15$1.09$0.77$0.57$0.67
Diluted EPS  $1.37$1.13$1.06$0.76$0.56$0.65
   
Shares outstanding (basic)  12.910.68.58.03.62.9
Shares outstanding (diluted)  13.110.88.78.13.73.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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