WashingtonFirst Bankshares Inc

WashingtonFirst Bankshares — Shareholder Meeting (April 2017)

21 slides from WashingtonFirst Bankshares's shareholder meeting presentation, Apr 26, 2017

  1. Slide 1: Annual Shareholder Meeting April 26, 2017

    NASDAQ: WFBI Annual Shareholder Meeting April 26, 2017 The Tower Club Tysons Corner, Virginia

  2. Slide 2: Disclaimer

    NASDAQ: WFBI Disclaimer 1 WashingtonFirst Bankshares, Inc. and Subsidiary (the “Company”) make forward- looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include: statements of goals, intentions, earnings expectations, and other exp

  3. Slide 3: 2016 Year in Review

    NASDAQ: WFBI 2016 Year in Review 2 *Source: SNL Financial; based on deposits. Includes announced acquisition of Cardinal Financial Corp by United Bankshares  Opened two branches:  Historic Old Town Alexandria, Virginia  Potomac, Maryland  Surpassed $2.0 billion in total assets as of December 31,

  4. Slide 4: DC Area Community Banks – Total Assets

    NASDAQ: WFBI DC Area Community Banks – Total Assets(1) Rank Company Location Total Assets ($000) 1 United Bankshares Inc. Charleston, WV $ 14,508,892 2 Eagle Bancorp Inc. Bethesda, MD $ 6,890,097 3 Sandy Spring Bancorp Inc. Olney, MD $ 5,091,383 4 Cardinal Financial Corp. Mclean, VA $ 4,210,514 5 Bu

  5. Slide 5: Leader Among Local Community Banks of Similar Age – Total Asset Size

    NASDAQ: WFBI Leader Among Local Community Banks of Similar Age Total Asset Size (continued) As of December 31, 2016 Source: SNL Financial and FDIC 4 $2,003 $832 $909 $496 $1,075 $576 $1,430 $1,894 Local Community Banks Established Since 2000 (dollars in thousands)

  6. Slide 6: Growth: Total Deposits and Total Loans

    NASDAQ: WFBI 5 Growth Total Deposits (in millions) Total Loans* (in millions) * Loans held for investment, at amortized cost. $753 $838 $1,065 $1,308 $1,535 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2012 2013 2014 2015 2016 $973 $949 $1,086 $1,333 $1,523 $0 $200 $400 $600 $800 $1,000

  7. Slide 7: Loans Held for Investment and CRE Breakout

    NASDAQ: WFBI 6 Office 27% Retail 22% Residential AD&C 17% Warehouse, Industrial 7% Multifamily 4% Hotel 5% Land 5% Other (Church, School, Etc.) 13% Loans, Held for Investment Construction and Development $288.2 19% Commercial Real Estate (Owner Occupied) $231.4 15% Commercial Real Estate (Investment

  8. Slide 8: Low NPAs with positive trend

    NASDAQ: WFBI 7 Source: SNL Financial Note: As of 12/31/16, dollars in thousands * Peers defined as banks in MD, VA, DC with total assets between $1 billion and $5 billion. Data as of 09/30/16. * Low NPAs with positive trend 1.92% 1.97% 0.84% 0.86% 0.43% 2.48% 2.33% 2.41% 1.69% 0.58% 0.00% 0.50% 1.00

  9. Slide 9: Deposit Composition and Cost of Deposits

    NASDAQ: WFBI 8 Cost of Deposits = 0.59% Note: As of 12/31/16, dollars in millions *Jumbo Time Deposits are those time deposits over $250,000 Noninterest Bearing Deposits, $381.9 NOW & Other Trans. Accts, $134.9 MMDA & Other Savings, $480.7 Retail Time Deposits, $386.1 Jumbo Time Deposits*, $139.1 De

  10. Slide 10: Leader Among Local Community Banks – Deposit Market Share

    NASDAQ: WFBI Leader Among Local Community Banks of Similar Age Deposit Market Share As of June 30, 2016 9 0.70 0.19 0.30 0.18 0.34 0.15 0.47 0.36 Local Community Banks Established Since 2000 (percent of market) Source: SNL Financial and FDIC

  11. Slide 11: Earnings Growth

    NASDAQ: WFBI 10 $2,057 $6,161 $9,263 $12,181 $18,007 $0 $5,000 $10,000 $15,000 $20,000 $25,000 2012 2013 2014 2015 2016 Earnings Growth Core ROAA(1) 2012 2013 2014 2015 2016 Diluted EPS $0.53 $0.72 $1.07 $1.13 $1.37 Source: SNL Financial Note: As of 12/31/16; dollars in thousands 1 Core income exclu

  12. Slide 12: Earnings Trend

    NASDAQ: WFBI 11 Earnings Trend 2012 2013 2014 2015 2016 Fully diluted earnings per share* 0.53$ 0.72$ 1.07$ 1.13$ 1.37$ Net income - common 2,057$ 6,161$ 9,263$ 12,181$ 18,007$ Return on average assets 0.39% 0.60% 0.75% 0.83% 1.00% Return on average equity 3.92% 6.01% 8.36% 8.48% 9.50% Net interest

  13. Slide 13: Capital Strength

    NASDAQ: WFBI Capital Strength (dollars in thousands) 2012 2013 2014 2015 2016 Total Assets 1,147,818$ 1,127,559$ 1,333,390$ $1,674,466 $2,002,911 Total Shareholders' Equity 101,520 107,604 134,538 178,595 192,660 TCE / Tangible Assets 6.97% 7.64% 8.60% 9.95% 9.03% Total risk based capital ratio 13.7

  14. Slide 14: Facts About Our Common Stock

    NASDAQ: WFBI Facts About Our Common Stock As of April 25, 2017 Exchange NASDAQ Stock Market Ticker symbol WFBI Current Market Price1 $28.24 Common shares outstanding 12,120,209 voting; 12,937,044 total Market capitalization1 $365 million Insider ownership2 25% total Institutional ownership2 49% tota

  15. Slide 15: WFBI Relative Price Performance

    NASDAQ: WFBI WFBI Relative Price Performance February 2015 – February 2017 14 (10.0%) 10.0% 30.0% 50.0% 70.0% 90.0% 110.0% 2/6/15 4/6/15 6/6/15 8/6/15 10/6/15 12/6/15 2/6/16 4/6/16 6/6/16 8/6/16 10/6/16 12/6/16 2/6/17 WFBI (84.1%) Peers* (52.2%)

  16. Slide 16: Our Strategy

    NASDAQ: WFBI 15 Our Strategy WashingtonFirst seeks to capitalize on market opportunities while maintaining disciplined and conservative credit underwriting that has been the cornerstone of our past profitability. Opportunity Organic Growth  Focus on relationships  Enhance existing footprint  Hire

  17. Slide 17: Looking Ahead – 2017

    NASDAQ: WFBI Looking Ahead – 2017  Expand bank branch network into new markets in the greater DC metro area  Hire additional lenders  Continue to maximize on our earnings  Net earnings of $4.4 million for the first quarter  NPAs remain low at 0.37%  Continue to provide superior service quality

  18. Slide 18: Locations

    Locations Rockville e ster Hernd Ey, @ ¢ Potomac 9 @-Greenbelt ees Bethésda feston 7 Fair Lakes. Fairfax nnatale Oxon Hill Manassas Park @ % woshingronFist Bank ranches Qe strortchowesth aWwashingtonFirst Mortgage @ woshingtonFest Headauarters

  19. Slide 19: Recognition

    NASDAQ: WFBI Recognition 18  Sandler O’Neill Class of 2016 Bank & Thrift Sm-All Star  Added to Russell 2000® Index in 2016  Top 10 Most Profitable Banks in DC metro area  #3 Total Asset Growth among banks in DC metro area  Top 10 Commercial Lender in DC metro area  Top 15 Home Mortgage Lender

  20. Slide 20: WFYF Golf Invitational

    NASDAQ: WFBI WFYF Golf Invitational 19

  21. Slide 21: Thank You

    NASDAQ: WFBI NASDAQ: WFBI www.wfbi.com Thank You

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