BofI Holding, the parent company for BofI Federal Bank, reported net income was $14.6 million, an increase of 40.5% over the $10.4 million reported for the same quarter the previous year.
BofI's earnings attributable to common stock holders grew 44.6% to $14.5 million, or $1.00 per diluted share, compared to $10.1 million, or 74 cents per diluted share from the 2013 third quarter.
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The company saw a 47.1% rise in non-GAAP core earnings to $15.0 million for the 2014 third quarter versus $10.2 million from the year ago quarter.
TheStreet Ratings team rates BOFI HOLDING INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOFI HOLDING INC (BOFI) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."