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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 reported its sixth consecutive quarter of record profits as an expansion of its balance sheet led to higher lending income.
August 7 -
Fiscal third quarter earnings at BofI Holding, 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.
May 8 -
BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.
October 16
Quarterly profit rose 36% at BofI Holdings (BOFI) in San Diego, as the online bank's loan growth led to higher interest income.
The $3.3 billion-asset company earned $12.2 million in the quarter ended Sept. 30, up from $9 million in the same period in 2012. Per share earnings of 85 cents met the expectations of analysts polled by Bloomberg, and BofI's stock rose nearly 11% following the announcement, to $67.93 a share Tuesday morning.
BofI's net interest income rose 25%, to $28.1 million, and its net interest margin widened by 16 basis points, to 3.86%. Its loan portfolio expanded by 27%, to $2.4 billion, while its provision for loan losses fell to $500,000 from $2.5 million.
BofI's noninterest income increased by 3%, to $7 million, due to a $3.1 million bump from a gain on sales of structured settlements. Noninterest expenses rose 26%, to $14.5 million, mostly due to higher staffing costs, BofI said.
BofI has been
