EverBank Financial finally set a price for a planned $225 million capital raise after sitting on its initial public offering for half a year.

The parent of the largest thrift based in Florida plans to sell about 25 million shares at $12 to $14 each, according to a Tuesday filing with the Securities and Exchange Commission. EverBank is selling 19.2 million share, while existing stockholders will sell another 5.9 million shares. The $225 million raise is based on a median offer price of $13 a share.

EverBank, with $13 billion in assets, filed its original IPO in October and has released very little information in amended filings thereafter. Some industry observers believe the delay is due in part to a mortgage investigation made public last year by federal regulators. EverBank was among 14 mortgage servicers that were cited for improper foreclosure practices. The controversial $25 billion mortgage settlement was struck in March.

EverBank has not set a date for the IPO. While the company's management has remained quiet publicly, the company has made several acquisitions in recent years across a wide spectrum of financial entities. Earlier this month, the company bought the warehouse finance division of MetLife Bank, adding about $350 million in assets.

The latest filing also shed some light on the company's performance at yearend while providing estimates for the first quarter. Net income fell 72% last year compared to 2010, to $52.7 million. The company's earnings in 2010 included a $68 million bargain purchase gain. EverBank has not released first quarter earnings but said it expects net income of $10 million to $13 million, up from $9.4 million a year earlier.

EverBank has been approved to trade under the New York Stock Exchange under the symbol, EVER.

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