SOURCE: EverBank

EverBank

August 31, 2010 12:48 ET

EverBank Reports 239 Percent Increase in Quarterly Earnings

JACKSONVILLE, FL--(Marketwire - August 31, 2010) -  EverBank® announced earnings today for the second quarter of 2010 of $43.8 million, a 239 percent increase from the previous year. The quarterly earnings brought EverBank's capital to $1,035 million, more than $400 million over what is considered "well capitalized" under applicable law. EverBank's assets grew to $11.2 billion and deposits grew to $9.0 billion, representing year over year growth of 49 percent and 56 percent, respectively. 

Robert Clements, Chairman and CEO of EverBank, said, "Our business continues to perform extremely well in a challenging environment, by delivering high value for our customers. In addition to making several targeted investments this year, including our Tygris Commercial Finance and Bank of Florida acquisitions and recent EverBank Field signage deal, we continue to actively manage our capital levels and liquidity and execute with operational and financial discipline."

Financial numbers are unaudited

About EverBank Financial Corp
EverBank Financial Corp is a privately-held bank holding company headquartered in Jacksonville, Florida, with approximately $11.2 billion in assets, $9.0 billion in deposits, more than 2,200 employees, and over 700,000 customers nationwide. EverBank provides banking, investing and lending products nationwide directly to consumers and through a variety of businesses. EverBank has a 4-star rating from BauerFinancial. Banks rated 4 stars or more are considered "safe, financially sound and operating well above their regulatory capital requirements." In addition, EverBank has received numerous awards including Forbes and Online Banking Report's "Best of the Web," Kiplinger's Personal Finance magazine's "Best Checking Account" as well as other servicing, banking, and technology honors.

For more information on the EverBank Family of Companies, log on to EverBank.com. Rating provided by BauerFinancial, www.bauerfinancial.com.

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

FORWARD-LOOKING STATEMENTS ARE BASED ON ESTIMATES AND ASSUMPTIONS AND BECAUSE FORWARD-LOOKING STATEMENTS ADDRESS FUTURE RESULTS, EVENTS AND CONDITIONS, THEY, BY THEIR VERY NATURE, INVOLVE INHERENT RISKS AND UNCERTAINTIES. SUCH KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR OTHER ACHIEVEMENTS TO DIFFER MATERIALLY FROM THE ANTICIPATED RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED, PROJECTED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS AND FUTURE RESULTS COULD DIFFER MATERIALLY FROM HISTORICAL PERFORMANCE. FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE THEY ARE MADE AND ARE STATEMENTS OF OUR CURRENT EXPECTATIONS CONCERNING FUTURE RESULTS, EVENTS AND CONDITIONS AND NEITHER EVERBANK, NOR ITS SUBSIDIARIES, NOR THEIR RESPECTIVE AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, REPRESENTATIVES OR AGENTS, UNDERTAKES ANY OBLIGATION TO PROVIDE ADDITIONAL INFORMATION OR TO CORRECT OR UPDATE ANY OF THE INFORMATION SET FORTH HEREIN.

Contact Information

  • For details call:
    646.756.3702
    Justine Navaja