WashingtonFirst Bankshares Inc. Declares 14th Consecutive Quarterly Cash Dividend
01 March 2017 - 6:08AM
Business Wire
WashingtonFirst Bankshares, Inc. (the "Company") (NASDAQ: WFBI)
today announced that its Board of Directors declared a cash
dividend of seven cents ($0.07) per share of its common stock, par
value $0.01 per share, payable on April 3, 2017, to stockholders of
record at the close of business on March 13, 2017. The dividend
payout will be approximately $904 thousand on 12.9 million shares
of voting and non-voting common stock. This represents the
Company’s 14th consecutive quarterly cash dividend. While the
Company expects to continue to declare and pay quarterly cash
dividends in the future, any such dividend would be at the
discretion of the Board of Directors of the Company and would be
subject to applicable federal and state regulatory limitations.
About The Company
WashingtonFirst Bankshares, Inc., headquartered in Reston,
Virginia, is the holding company for WashingtonFirst Bank, which
operates 19 full-service banking offices throughout the Washington,
DC, metropolitan area. In addition, the Company provides wealth
management services through its subsidiary, 1st Portfolio Wealth
Advisors, and mortgage banking services through the Bank's
subsidiary, WashingtonFirst Mortgage Corporation. The Company's
common stock is traded on the NASDAQ Stock Market under the
quotation symbol "WFBI" and is included in the ABA NASDAQ Community
Bank Index and the Russell 2000® Index. For more information about
the Company, please visit: www.wfbi.com.
Cautionary Statements About Forward-Looking
Information
Statements in this news release regarding future events,
performance or results are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements of the goals, intentions, and expectations of
the Company as to future trends, plans, events, results of
operation and general economic condition. In some cases,
forward-looking statements can be identified by use of words such
as "may," "will," "anticipates," "believes," "expects," "plans,"
"estimates," "potential," "continue," "should," and similar words
or phrases. Readers are cautioned against placing undue reliance on
these statements. Actual events or results could be materially
different from those expressed or implied by the forward-looking
statements. The ability of the Company to declare and pay future
dividends depends on a number of factors, including but not limited
to: Board of Directors’ and regulatory approval, regulatory capital
requirements, future earnings and cash flow of the Company,
regulatory changes and general economic conditions, our ability to
successfully manage and integrate any assets, liabilities,
customers, systems, and management personnel we have acquired or
may in the future acquire into our operations and our ability to
realize related revenue synergies and cost savings within expected
time frames and any goodwill charges related thereto. Additional
factors that could cause actual events or results to differ
materially are disclosed in the Company's recent filings with the
Securities and Exchange Commission, including but not limited to
its Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and
Current Reports on Form 8-K. Forward-looking statements are
accurate only as of the date released, and we do not undertake any
responsibility to update or revise any forward-looking statements
to reflect subsequent events or circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20170228006619/en/
WashingtonFirst Bankshares Inc.Matthew R. Johnson,
703-840-2410Executive Vice President & Chief Financial
OfficerMJohnson@wfbi.com
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