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BofI Holding (BOFI) in San Diego has agreed to buy certain assets and all the deposits of H&R Block Bank.
April 11 -
Strong loan and asset growth powered the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended Dec. 31.
February 5 -
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
Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.
The $3.9 billion-asset company earned $14.6 million in its fiscal year third quarter, up 40.5% from the
Earnings per share rose 45% to $1, BofI said.
BofI's third-quarter earnings were boosted by a surge in loan originations, particularly in its commercial and industrial portfolio. BofI originated $696 million in the quarter, up 56% from the same period in 2013.BofI's loan portfolio increased 41% year over year, to $906.1 million.
An uptick in deposits also aided the record earnings, as deposits increased by 35% on a yearly basis, to $730 million.
Net interest income was 36% higher than a year ago, to $9.5 million, as average earning assets grew by $861 million. Meanwhile, the company's net interest margin increased 15 basis points, to 3.89%.
The bank's Tier 1 capital was up 43 basis points through fiscal year third quarter to 9.07%.
