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The $2.9 billion-asset parent of BofI Federal Bank said Monday it seeks as much as $50 million for general corporate purposes through the sale of common stock, according to a filing with the Securities and Exchange Commission.
March 12 -
BofI Holding (BOFI) in San Diego earned a record quarterly profit on surging interest income and a higher interest margin.
February 6 -
BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.
October 16
Yields and fees boosted BofI Holding (BOFI) in the company's fiscal third quarter.
Earnings at the $2.9 billion-asset parent of BofI Federal Bank in San Diego rose 37% from a year earlier, to $10 million or 74 cents a share.
Net interest income rose 29% from the comparable quarter of 2012, to $26.2 million. The net interest margin expanded two basis points year over year, to 3.74%.
Noninterest income increased 74% from a year earlier, to $6.8 million, primarily because of income from mortgage banking and gains on securities sales.
Noninterest expense rose 52.7% year over year, to $13.9 million, primarily because of personnel costs.
BofI's loan portfolio grew 37.5% from a year earlier, to $2.2 billion. The provision for loan losses fell 20% year over year, to $1.6 million, as credit quality improved.
In March, BofI raised $7 million from selling 200,000 shares of common stock at $35.25 per share. The offering was the first installment of plan to raise as much as $50 million for general corporate purposes through stock sales.
