EverBank Acquires $700 Million of NetBank Mortgage Assets
10/01/2007
Jacksonville, FL - EverBank®, one of the nation's largest privately-held financial services firms, announced today that it has successfully acquired approximately $700 million of NetBank mortgage assets. This transaction will bring EverBank's total assets to over $5.3 billion.
"This has been a great year of growth for us," said Rob Clements, Chairman and CEO of EverBank. "We have seen an 11% increase in earnings for the first half of 2007, compared to the same timeframe in 2006, and a 20% increase in assets. This acquisition will increase our assets by another 15%."
EverBank recorded earnings of $32.6 million for the year ending December 31, 2006, up 15% from 2005 earnings of $28.2 million. Total assets were $4.2 billion on December 31, 2006, a 14% increase from $3.7 billion a year ago. Return on equity for 2006 was 17%.
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- EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. With approximately $5.3 billion in assets, 1,500 employees, and over 450,000 customers nationwide, EverBank is one of the industry's fastest growing, high performing financial service firms.
EverBank provides national banking and lending products directly to consumers and through a variety of business partners. EverBank has received numerous awards including Forbes and Online Banking Report's "Best of the Web", Kiplinger's Personal Finance magazine's "Best Checking Account" as well as other servicing, banking, and technology honors.
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