EverBank Financial Corp (EVER) has reported a 19.51 percent rise in profit for the quarter ended Jun. 30, 2015. The company has earned $41.57 million, or $0.31 a share in the quarter, compared with $34.78 million, or $0.26 a share for the same period last year. Revenue during the quarter grew 9.66 percent to $244.91 million from $223.34 million in the previous year period. Net interest income for the quarter rose 20.57 percent over the prior year period to $169.02 million. Non-interest income for the quarter fell 6.11 percent over the last year period to $83.81 million.
EverBank Financial Corp has made provision of $7.93 million for loan losses during the quarter, up 29.54 percent from $6.12 million in the same period last year.
"We are pleased with our second quarter performance, with continued strong loan growth and higher margins resulting in a 9% increase in net interest income," said Robert M. Clements, chairman and chief executive officer. "We also executed on key strategic initiatives in the quarter that should enhance our future performance, including closing our Ginnie Mae servicing sale and raising non-dilutive growth capital."
Total assets stood at $24,120.49 million as on Jun. 30, 2015, up 22.11 percent compared with $19,753.82 million on Jun. 30, 2014. On the other hand, total liabilities stood at $22,300.67 million as on Jun. 30, 2015, up 23.38 percent from $18,074.37 million on Jun. 30, 2014.
Net loans stood at $19,847.80 million as on Jun. 30, 2015, up 30.25 percent compared with $15,237.92 million on Jun. 30, 2014. Deposits stood at $16,483.53 million as on Jun. 30, 2015, up 18.80 percent compared with $13,874.68 million on Jun. 30, 2014.
Investments stood at $1,005.07 million as on Jun. 30, 2015, down 24.72 percent or $330.03 million from year-ago. Shareholders equity stood at $1,819.82 million as on Jun. 30, 2015, up 8.36 percent or $140.37 million from year-ago.
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