FBR Capital Markets / FBCM
About FBR Capital Markets
1001 N. 19th St., Arlington, Va. 22209
www.fbrcapitalmarkets.com
| 703-312-9500
| Founded: 2006
Industry: Financial Services | Category: Public Companies
Friedman, Billings, Ramsey, Washington's home-grown investment bank, struggled over the past year, squeezed by the credit crunch. FBR bet $550 million on the subprime mortgage market a few years ago but saw most of that investment disappear. It liquidated a mortgage originator it had acquired that subsequently struggled. FBR, which is set up as a real estate investment trust for tax purposes, also spun out its better-performing investment bank, FBR Capital Markets.
2007 Financial Data
Revenues: $484,896,000 | Net Income: $5,244,000Asssets: $608,732,000 | Earnings Per Share: $0.08
Stockholder Equity: $506,740,000 | Annual Dividend: $0.00
Total employees: 758 | Local employees: 569
Company Leadership
| Andrew M. Alper | Director |
| Richard M. DeMartini | Director |
| Richard J. Hendrix | President, Chief Operating Officer, Executive Director |
| Thomas J. Hynes Jr. | Director |
| Richard A. Kraemer | Director |
| Thomas S. Murphy Jr. | Director |
| Arthur J. Reimers | Director |
| John T. Wall | Director |
| Eric Francis Billings | Executive Chairman and Chief Executive Officer |
Source: Compensation data provided by Equilar, Inc..
Did You Know
TEEING OFF: FBR's sponsorship of the former Phoenix Open — one of the oldest, biggest events on the PGA tour — was extended this year and is now good through 2012.
