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WashingtonFirst Bankshares Q1 Profit Rises - Quick Facts

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.

by RTT Staff Writer

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