WashingtonFirst Bankshares Inc. (WFBI.OB) reported that its first-quarter net income available to common shareholders increased to $705 thousand or $0.24 per share from $479 thousand or $0.16 per share in the year ago quarter.
Earnings were significantly ahead of earnings for the same period last year due primarily to continued growth in earning assets and lower preferred dividends with the payoff of TARP, the company said.
Net interest income for the quarter rose to $5.36 million from $4.32 million in the prior year quarter. Non-interest income was $417 thousand, up from $236 thousand in year ago quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.