Stability and growth despite market conditions

In light of recent volatility within the financial services industry, EverBank^® remains stable. EverBank enjoyed strong growth during the first three quarters of 2008 posting a 129% increase in earnings, compared to the first three quarters of 2007, or $50.1 million. Along with a new earnings record, EverBank assets and deposits posted new records of $6.5 billion and $4.4 billion, respectively.

Our ability to thrive in both healthy and volatile markets validates our balanced business model. Our record increase in assets coupled with our deep deposit base positions EverBank for substantial growth.

A balanced business model that withstands market turmoil

EverBank's diversification strategy remains a key component in our ability to prosper during both strong and unstable market conditions. A disciplined approach to banking, combined with strong underwriting guidelines, allowed EverBank to avoid volatility in the housing market. EverBank avoided offering sub-prime or exotic lending products. Our conservative approach helped us maintain annualized net charge-offs of 0.04% in 2007, significantly below industry standards (92% lower than industry average).

Financial stability and a strong capital position

Due to our strong earnings growth, EverBank is fortunate to have a very healthy capital base. Our core deposits are tied to customers and our growth represents both a strong customer base and a more stable liquidity resource. We're well positioned to explore new business opportunities, keep up with credit demands and weather additional market volatility.