EverBank Financial Corp., one of Florida's largest homegrown banks, plans to go public by raising up to $200 million of common stock, according to a registration filed Friday with the Securities and Exchange Commission.
The $11.2 billion-asset thrift holding company said in the filing that it would commence the offering "as soon as practicable," and use the proceeds for working capital and general corporate purposes.
EverBank, of Jacksonville, has been busily raising equity and expanding rapidly over the past few years.
It closed several acquisitions earlier this year.
EverBank added more than $470 million in capital through its February acquisition of a commercial finance and leasing company, Tygris Commercial Finance Group Inc.
EverBank's banking subsidiary in May acquired three failed Bank of Florida units, adding about $1.4 billion of assets.
EverBank's profit has soared in the past year.
It posted a 365% increase in net income, to $120 million, for the first half of 2010 compared with a year earlier.
Its total shareholder equity nearly doubled year over year, to $934.4 million as of June 30.