Everbank Financial (EVER) in Jacksonville, Fla., reported lower quarterly profit after fee income fell.

The $17.6 billion-asset company's fourth-quarter earnings fell 36% from a year earlier, to $18.5 million. At 13 cents, the company's earnings per share missed the average estimate of analysts polled by Bloomberg by 9 cents.

Noninterest income fell 24% from a year earlier, to $95.7 million, largely because a $19 million decline in gains from loan sales.

Net interest income fell 8% from a year earlier, to $135 million, primarily because of the company had fewer loans held for sale and lower investment securities average balances. The net interest margin narrowed by 26 basis points from a year earlier, to 3.30%.

Noninterest expense declined 9% from a year earlier, to $197 million.

The loan-loss provision fell 33% from a year earlier, to $7 million. Net chargeoffs fell 35% from the fourth quarter of 2012, to $6 million.

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