Headlines:
EverBank Earnings Double
EverBank Financial Corp. of Jacksonville, Fla., reported second-quarter earnings of $7 million, twice what it reported for last year's second quarter.
Robert Clements, the privately held company's chairman and chief executive, said the mortgage business made a major contribution.
"EverBank has not only increased earnings but also improved the quality of its earnings," Mr. Clements said in its Aug. 18 earnings announcement. Its second quarter ended June 30.
EverBank was founded in 1999 and has assets of $2.69 billion. Its businesses include an Internet bank and traditional branch banking.
CheckFree Gets Credit Line
CheckFree Corp. announced Wednesday that it had closed on a three-year, $185 million senior secured revolving credit agreement.
The Atlanta company, the leading provider of electronic bill payment and presentment services, said it will use the credit line for working capital, acquisitions, letters of credit, and other general corporate purposes.
CheckFree said SunTrust Bank is the administrative agent on the loan and Bank of America is the syndication agent.
SunTrust Robinson Humphrey and Banc of America Securities LLC are joint lead arrangers.
