SOURCE: EverBank

EverBank

August 20, 2009 17:47 ET

EverBank Announces 41% Gain in Earnings

JACKSONVILLE, FL--(Marketwire - August 20, 2009) - EverBank Financial Corp today announced net income from continuing operations of $26.0 million for the first half of 2009, an increase of 41% over the $18.4 million recorded in the first half of 2008. Earnings benefited from strong net interest margins and residential lending volumes. The strong earnings bolstered EverBank's bank equity position to over $580 million, a 45% increase over the year-ago period. EverBank's assets and deposits grew to $7.5 billion and $5.8 billion, respectively.

"We're very pleased with our results for the first half of 2009," stated Rob Clements, Chairman and CEO of EverBank Financial Corp. "Our strength, stability and growth during these uncertain economic times clearly demonstrate the effectiveness of our business approach. We were well positioned for this market correction due to our disciplined risk management strategy and our diversified business model."

About EverBank Financial Corp:

EverBank Financial Corp., and its EverBank subsidiaries, is a privately-held thrift holding company headquartered in Jacksonville, Florida offering innovative banking, lending, and investment products and services of exceptional value. As of June 30, 2009, the company has $7.5 billion in assets and $5.8 billion in deposits. For more information on the EverBank Family of Companies, log on to EverBank.com.

EverBank, the EverBank Infinity Sphere and the EverBank logo are proprietary service marks of EverBank. All rights reserved.

Contact Information

  • For details call:
    703.683.5004
    Peter Robbio (ext. 116)
    Kari Scott (ext. 128)