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February 09, 2016 6:55 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. It 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, owner-occupied commercial real estate, commercial investment properties, asset-backed commercial, and small business commercial loans; equipment financing receivables; home equity lines; and personal loans, cr...

501 Riverside Avenue

Jacksonville, FL 32202

United States

Phone:

904-281-6000

Key Executives for EverBank Financial Corp.

Chairman and Chief Executive Officer
Age: 52
Total Annual Compensation: $750.0K
President, Chief Operating Officer and Director
Age: 49
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice President
Age: 46
Total Annual Compensation: $370.0K
Chief Risk Officer and Executive Vice President
Age: 53
Total Annual Compensation: $283.9K
Executive Vice President of Corporate Development
Age: 43
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

EverBank Financial Corp. Key Developments

EverBank Financial Corp. Declares Fourth Quarter Dividend on Common and Preferred Stock, Payable on February 19, 2016 and April 5, 2016, Respectively; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2015

On January 21, 2016, EverBank Financial Corp.'s Board of Directors declared a quarterly cash dividend of $0.06 per common share, payable on February 19, 2016, to stockholders of record as of February 10, 2016. Also on January 21, 2016, the company's Board of Directors declared a quarterly cash dividend of $421.875, payable on April 5, 2016, for each share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock held as of March 21, 2016. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported total interest income of $234.632 million against $194.395 million a year ago. Net interest income was $175.040 million against $147.436 million a year ago. Net interest income increased $6 million or 4%, driven by a 4% increase in average interest-earning assets and a stable net interest margin of 2.90%. Net interest income after provision for loan and lease losses was $164.916 million against $138.832 million a year ago. Income before provision for income taxes was $69.905 million against $61.348 million a year ago. Net income allocated to common shareholders was $42.615 million against $35.490 million a year ago. Diluted earnings per common share were $0.34 against $0.28 a year ago. Adjusted net income was $45.461 million against $40.154 million a year ago. Adjusted net income allocated to common shareholders was $42.930 million against $37.623 million a year ago. Adjusted net earnings per common share, diluted were $0.34 against $0.30 a year ago. Book value per common share as on December 31, 2015 was $13.74 against $12.92 as on December 31, 2014. Total revenue was $232.890 million against $222.609 million a year ago. Adjusted total revenue was $232.961 million against $222.144 million a year ago. The fourth quarter performance, which was driven by continued loan and deposit growth, increased revenue, stable expenses and solid asset quality. Adjusted return on average equity (ROE) was 10.1% and GAAP ROE was 10.0%. For the year, the company reported total interest income of $879.243 million against $733.767 million a year ago. Net interest income was $668.343 million against $564.807 million a year ago. Net interest income after provision for loan and lease losses was $630.156 million against $540.274 million a year ago. Income before provision for income taxes was $207.159 million against $238.571 million a year ago. Net income allocated to common shareholders was $120.401 million against $137.957 million a year ago. Diluted earnings per common share were $0.95 against $1.10 a year ago. For the year ended 2015, adjusted net income available to common shareholders was $154.6 million compared to $141.1 million in 2014. Adjusted diluted earnings per common share were $1.22 compared to $1.13 in 2014. Adjusted return on average equity (ROE) was 9.3% and GAAP ROE was 7.3%. For the fourth quarter of 2015, the company’s net charge-offs during the fourth quarter of 2015 were $4 million, a decrease of $1 million compared to the prior quarter and year over year.

EverBank Financial Corp.(NYSE:EVER.PRA) dropped from S&P Preferred Stock Index

EverBank Financial Corp.(NYSE:EVER.PRA) dropped from S&P Preferred Stock Index

EverBank Financial Corp. to Report Q4, 2015 Results on Jan 27, 2016

EverBank Financial Corp. announced that they will report Q4, 2015 results at 9:00 AM, Eastern Standard Time on Jan 27, 2016

Similar Private Companies By Industry

Company Name Region
Keller Mortgage, LLC United States
American Capital Resource, Inc. United States
Republic Mortgage Insurance Company of North Carolina United States
Guardian Savings and Loan Association, Houston United States
Plaza Mortgage Company, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 29, 2015
$91.7 Million Asset Based Lending Loans Portfolio
Merger/Acquisition
April 29, 2015
EverBank Financial Corp., Mortgage Servicing Rights on $5.7 Billion Unpaid Principal Balance
 

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