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Profile - Riggs National Corp. (NasdaqNM:RIGS)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Aug 20Price hit new 52-week high ($18.65)
Aug  1Dividend payment of $0.05
Location
1503 Pennsylvania Ave., N.W.
Washington, DC 20005
Phone: (202) 835-4309
Email: webadministrator@riggsbank.com.
Employees (last reported count): 1,558
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 53%
·Institutional: 39% (83% of float)
(193 institutions)
·Net Inst. Buying: 168.0K shares (+1.50%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Riggs National Corporation is a bank holding company that engages in a variety of banking-related activities through its bank and non-bank subsidiaries. The Company's principal subsidiary is Riggs Bank N.A. (the Bank), which had assets of $5.2 billion, deposits of $4.1 billion and stockholder's equity of $425.2 million, as of December 31, 2000. The Bank operates 31 branches and an investment advisory subsidiary in Washington, D.C.; 14 branches in Virginia; six branches in Maryland; a second investment advisory subsidiary in New Haven, Connecticut; a commercial bank in London, England; an Edge Act subsidiary in Miami, Florida; branch offices in London, England, Berlin, Germany, Jersey, Channel Islands and Nassau, Bahamas and a Bahamian bank and trust company. As a commercial bank, the Bank provides a wide array of financial services to customers in the Washington, D.C. metropolitan area, throughout the United States and internationally.
More from Market Guide: Expanded Business Description

Financial Summary
RIGS, a bank holding company, whose primary subsidiary is Riggs Bank National Association. For the six months ended 6/30/01, total interest income fell 12% to $158.3 million. Net interest income after loan loss prov. fell 2% to $94.8 million. Net income fell 55% to $9.8 million. Net interest income reflects a decrease in loan portfolios, partially offset by lower loan loss provision. Earnings reflect from a $13.9 million loss in venture capital at the Riggs Capital.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Robert Allbritton, 32
Chairman, CEO
--  
Timothy Coughlin, 58
Pres, Director
$337K
Robert Sloan, 54
Vice Chairman
--  
Steven Tamburo
Deputy CFO and Sr. VP, Deputy Cheif Financial Officer of Riggs Ba
--  
Lawrence Hebert, 54
Director and Pres and CEO of Riggs Bank N.A.
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:RIGSAs of 31-Aug-2001
Price and Volume
52-Week Low
on 13-Nov-2000
$9.50 
Recent Price$16.91 
52-Week High
on 20-Aug-2001
$18.65 
Beta0.60 
Daily Volume (3-month avg)47.4K
Daily Volume (10-day avg)27.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+40.9%
52-Week Change
relative to S&P500
+89.0%
Share-Related Items
Market Capitalization$481.8M
Shares Outstanding28.5M
Float13.4M
Dividends & Splits
Annual Dividend (indicated)$0.20 
Dividend Yield1.18%
Last Split: 2 for 1 on 1-Apr-1986
Per-Share Data
Book Value (mrq)$13.65 
Earnings (ttm)$0.33 
Earnings (mrq)$0.14 
Sales (ttm)$11.64 
Cash (mrq)$5.31 
Valuation Ratios
Price/Book (mrq)1.24 
Price/Earnings (ttm)51.24 
Price/Sales (ttm)1.45 
Income Statements
Sales (ttm)$333.1M
EBITDAN/A 
Income available to common (ttm)$9.51M
Profitability
Profit Margin (ttm)8.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.49%
Return on Equity (ttm)2.52%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0.17 
Total Cash (mrq)$151.2M
Short Interest
As of 8-Aug-2001
Shares Short186.0K
Percent of Float1.4%
Shares Short
(Prior Month)
243.0K
Short Ratio4.65 
Daily Volume40.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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