September 01, 2016 1:38 AM 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
Chief Risk Officer and Executive Vice President
Age: 54
Total Annual Compensation: $320.4K
Senior Executive Vice President of Corporate Development
Age: 44
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2015.

EverBank Financial Corp. Key Developments

TIAA In Reportedly Advanced Talks To Acquire EverBank

Teachers Insurance and Annuity Association of America (TIAA) has been in exclusive negotiations to acquire EverBank Financial Corp. (NYSE:EVER) for $2.5 billion, people familiar with the matter said.

EverBank Financial Corp. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2016

EverBank Financial Corp. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2016. GAAP net income available to common shareholders was $19.0 million for the second quarter 2016, compared to $25.4 million for the first quarter 2016 and $39.0 million for the second quarter 2015. GAAP diluted earnings per share in the second quarter 2016 were $0.15 compared to $0.20 in the first quarter 2016 and $0.31 in the second quarter 2015. Adjusted net income available to common shareholders was $40.5 million for the second quarter 2016, compared to $39.8 million for the first quarter 2016 and $43.9 million for the second quarter 2015. Adjusted diluted earnings per common share were $0.32 in the second quarter 2016 compared to $0.32 in the first quarter 2016 and $0.35 in the second quarter 2015. Net interest income was $177 million for the second quarter of 2016 compared to $169.025 million a year ago. Income before provision for income taxes was $34.756 million against $66.939 million a year ago. Total revenue was $196.608 million against $252.839 million a year ago. Adjusted total revenue was $231.873 million against $237.208 million a year ago. Adjusted return on average equity (ROE) was 9.4% for the quarter. GAAP ROE was 4.4%. Total Interest Income was $243.518 million against $217.953 million a year ago. Book value per common share was $13.62 against $13.40 a year ago. For the six months, the company reported net interest income of $351.221 million against $324.463 million a year ago. Income before provision for income taxes was $79.941 million against $89.856 million a year ago. Net income allocated to common shareholders was $44.417 million or $0.12 per diluted share against $50.735 million or $0.40 per diluted share a year ago. Total Interest Income was $482.377 million against $420.984 million a year ago. The company's et charge-offs during the second quarter of 2016 were $5 million, an increase of $2 million compared to the prior quarter and an increase of $1 million year over year.

EverBank Financial Corp. Declares Quarterly Cash Dividend, Payable on August 22, 2016; Announces Quarterly Cash Dividend on Preferred Stock, Payable October 5, 2016

EverBank Financial Corp. announced that on July 22, 2016, the company's Board of Directors declared a quarterly cash dividend of $0.06 per common share, payable on August 22, 2016, to stockholders of record as of August 11, 2016. On July 22, 2016, the company's Board of Directors declared a quarterly cash dividend of $421.875, payable on October 5, 2016, for each share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock held as of September 20, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2016
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