Headlines:
EverBank Posts 8% Profit Rise
EverBank Financial Corp. of Jacksonville, Fla., said first-quarter net income totaled $7.1 million, 8% more than a year earlier, thanks to strong deposit growth and mortgage production.
Assets totaled $3.09 billion, up 29% from a year earlier and 1.6% from yearend, the privately held company said Thursday.
"Across the board we were enjoying strong results," chairman and chief executive Robert Clements said Friday.
"The contribution from our banking operations," branched and branchless, "has become a much larger percentage of our overall" earnings, he said.
The company's Internet bank had "a lot of momentum" in the quarter, Mr. Clements said. As for the four branches that operate under the name EverBank of Florida, he said he plans to build "at least one more by the end of the year in Jacksonville."
Mortgage production almost doubled with the opening of four sales offices, in Des Moines, Denver, Dallas, and Hartford, Conn., Mr. Clements said.
CashEdge Product for Boeing CU
Boeing Employees Credit Union of Tukwila, Wash., is using an electronic transfer software product from CashEdge Inc. of New York.
CashEdge was expected to announce today that the credit union had installed its TransferNow, which enables customers to transfer money to their accounts at other banks and credit unions through the automated clearing house network. The software also verifies that the outside accounts are actually owned by the credit union member.
Gary Fee, the director of product and delivery channel management at Boeing Employees, said in a press release that such transfers are "a natural extension of our online banking and bill-payment services."
The credit union, which any Washington State resident can join, has 400,000 members.
