January 21, 2017 12:31 PM ET

Thrifts and Mortgage Finance

Company Overview of EverBank Financial Corp

Company Overview

EverBank Financial Corp, a savings and loan holding company, provides various financial products and services to individuals and small and mid-size businesses in the United States. The company operates in three segments: Consumer Banking, Commercial Banking, and Corporate Services. Its deposit products include noninterest-bearing and interest-bearing demand deposits, savings and money market accounts, and time deposits. The company’s loan products portfolio comprises residential mortgage loans, mortgage warehouse financing, lender financing, owner-occupied and non-owner occupied commercial real estate, and other commercial and industrial loans; equipment financing receivables; home equity li...

501 Riverside Avenue

Jacksonville, FL 32202

United States

Founded in 2004

3,000 Employees

Phone:

904-281-6000

Key Executives for EverBank Financial Corp

Chairman and Chief Executive Officer
Age: 53
Total Annual Compensation: $775.0K
President, Chief Operating Officer and Director
Age: 50
Total Annual Compensation: $675.0K
Chief Financial Officer and Senior Executive Vice President
Age: 47
Total Annual Compensation: $400.0K
Head of Corporate Development & Strategy and Senior Executive Vice President
Age: 44
Total Annual Compensation: $400.0K
Chief Risk Officer and Executive Vice President
Age: 54
Total Annual Compensation: $320.4K
Compensation as of Fiscal Year 2015.

EverBank Financial Corp Key Developments

EverBank Financial Corp., Special/Extraordinary Shareholders Meeting, Nov 09, 2016

EverBank Financial Corp., Special/Extraordinary Shareholders Meeting, Nov 09, 2016, at 09:00 US Eastern Standard Time. Location: EverBank Center Auditorium 301 W. Bay Street Jacksonville, FL 32202 United States Agenda: To consider the adoption of the agreement and plan of merger; to consider the approval, on a non-binding, advisory basis, of the compensation that certain executive officers of the company may receive in connection with the merger pursuant to agreements or arrangements with the company; and to consider the approval of one or more adjournments of the special meeting, if necessary or appropriate, including adjournments to permit further solicitation of proxies in favor of the merger proposal.

EverBank Financial Corp. Declares Quarterly Cash Dividend, Payable on November 22, 2016; Announces Quarterly Cash Dividend on Preferred Stock, Payable January 5, 2017

On October 19, 2016, EverBank Financial Corp. board of directors declared a quarterly cash dividend of $0.06 per common share, payable on November 22, 2016, to stockholders of record as of November 10, 2016. On October 19, 2016, the company's board of directors declared a quarterly cash dividend of $421.875, payable on January 5, 2017, for each share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock held as of December 21, 2016.

EverBank Financial Corp. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2016; Reports Net Charge-Offs for the Third Quarter of 2016

EverBank Financial Corp. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total interest income of $256,888,000 compared to $223,627,000 a year ago. Net interest income was $189,635,000 compared to $168,840,000 a year ago. Income before provision for income taxes was $59,134,000 compared to $47,398,000 a year ago. Net income was $37,131,000 compared to $29,583,000 a year ago. Net income allocated to common shareholders was $34,599,000 or $0.27 per basic and diluted share compared to $27,051,000 or $0.21 per basic and diluted share a year ago. Adjusted net income was $54,127,000 compared to $31,284,000 a year ago. Adjusted net income allocated to common shareholders was $51,595,000 or $0.40 per basic and diluted share compared to $28,752,000 or $0.23 per diluted share a year ago. GAAP return on average equity (ROE) of 8.0% and adjusted ROE of 11.9% for the quarter. For the nine months, the company reported total interest income of $739,265,000 compared to $644,611,000 a year ago. Net interest income was $540,856,000 compared to $493,303,000 a year ago. Income before provision for income taxes was $139,075,000 compared to $137,254,000 a year ago. Net income was $86,610,000 compared to $85,380,000 a year ago. Net income allocated to common shareholders was $79,016,000 or $0.62 per basic and diluted share compared to $77,786,000 or $0.61 per basic and diluted share a year ago. Book value per common share was $13.92 as of September 30, 2016 compared to $13.39 as of September 30, 2015. Tangible common equity per common share was $13.53 at September 30, 2016, an increase of 4% year over year. Net charge-offs during the third quarter of 2016 was $6 million, an increase of $1 million compared to both the prior quarter and year over year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2016
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