SOURCE: EverBank

EverBank

March 04, 2010 17:04 ET

EverBank Reports Record Results in 2009

JACKSONVILLE, FL--(Marketwire - March 4, 2010) -  EverBank® Financial Corp (http://www.everbank.com) today announced earnings for 2009 of $53.4 million, a 16% increase from the previous year. Earnings from continuing operations increased by more than 128% and benefited from strong mortgage banking income, as well as significant growth in net interest income. The strong earnings brought EverBank's equity position to approximately $554 million, a 35% increase over 2008. EverBank's assets grew to $8.1 billion and deposits grew to $6.3 billion, representing 14% and 26% increases, respectively. 

Last month, EverBank completed the acquisition of Tygris Commercial Finance Group, Inc. The addition of Tygris to the EverBank Family of Companies expands the bank's product offering and provides access to more than $470 million in additional capital. As a result of the acquisition, EverBank now has approximately $1 billion in total capital, with Tier 1 (core) capital and risk-based capital ratios of approximately 10% and 18%, respectively.

"We are pleased to report our strong 2009 earnings and growth in our core businesses, particularly given last year's credit environment," said Robert Clements, Chairman and CEO. "EverBank's successes last year, coupled with the capital from our newly completed Tygris acquisition, have helped to strengthen our financial position in 2010, while continuing to offer high-credit-quality residential loans, retail deposit products and specialized financing to the markets we serve."

Financial numbers are unaudited

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.

EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. With approximately $8.1 billion in assets, $6.3 billion in deposits, over 1,800 employees, and over 525,000 customers nationwide, EverBank is one of the industry's fastest growing, high performing financial service firms.

EverBank provides banking and lending products nationwide directly to consumers and through a variety of businesses. 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.

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

Contact Information

  • For details call:
    646.756.3702
    Justine Navaja