Stability at the core—paving the way for impressive growth
What do you look for in a bank? Chances are "stability" will be part of your answer. Stability and strength are deeply rooted tenets of the EverBank philosophy. And by holding steadfast to these tenets, we continue growing at an impressive, yet calculated pace.
1st quarter 2010 performance:
- Earnings: $31.3 million, 98% year over year (YoY) increase
- Assets: $9.6 billion, 26% YoY increase
- Deposit: $7.4 billion, 31% YoY increase
- Core Capital: $965 million, 81% YoY increase—$491 million above what is considered "well capitalized"
Diversified business model and strong risk management practices explain our success
How is it that we continue to succeed?
- Diversified business model. From banking to lending and more, the earnings from our business units complement each other, providing stability throughout up and down market cycles.
- Strong risk management practices. Our disciplined approach combined with strong underwriting practices account for why we’ve avoided the turmoil experienced by so many other financial institutions.
Well capitalized and poised for the future
Due to our strong earnings growth, EverBank is fortunate to have a very healthy capital base. Take a look at our core capital figure above and you can see that EverBank has substantially surpassed the amount under applicable law that's considered "well capitalized." With such stability at our very core, we are well positioned to continue thriving in the future.