This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EverBank Financial Corp. Announces First Quarter 2012 Financial Results

Balance Sheet

Continued Balance Sheet Growth

Total assets increased by $0.8 billion, or 6%, to $13.8 billion at March 31, 2012, from $13.0 billion at December 31, 2011, and by $1.9 billion, or 16%, from $11.9 billion at March 31, 2011. Our interest-earning assets for the first quarter 2012 were largely comprised of:
  • Residential loans held for investment which increased by 37% to $4.5 billion from the first quarter of 2011;
  • Commercial loans and leases which increased by 13% to $1.8 billion from the first quarter of 2011;
  • GNMA pool buyouts which increased by 68% to $2.7 billion from the first quarter of 2011; and
  • Investment securities which decreased by 22% to $2.2 billion from the first quarter of 2011.

Loan Origination and Portfolio Activities

Organic originations of residential loans, commercial loans and leases totaled $2.2 billion for the first quarter of 2012.

Deposit and Other Funding Sources

Total deposits grew by $0.3 billion, or 3%, to $10.6 billion at March 31, 2012 from $10.3 billion at December 31, 2011, and by $0.9, billion or 9%, from $9.7 billion at March 31, 2011. At March 31, 2012, our deposits were comprised of the following:
  • Non-interest bearing accounts were $1.4 billion or 13% of total deposits;
  • Interest-bearing checking accounts were $2.1 billion or 20% of total deposits;
  • Savings and money market accounts were $3.8 billion or 36% of total deposits;
  • Global markets money market and time accounts were $1.3 billion or 13% of total deposits; and
  • Time deposit accounts, excluding global markets, were $1.9 billion or 18% of total deposits.

Total other borrowings were $1.7 billion at March 31, 2012, compared to $1.3 billion at December 31, 2011, as a result of an increase in term Federal Home Loan Bank advances to fund continued loan growth and to take advantage of historically low long-term borrowing rates.

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.26 -0.77%
FB $101.50 2.00%
GOOG $684.03 0.87%
TSLA $163.06 10.00%
YHOO $27.10 1.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs