Bofl Holding (BOFI) Tops Q1 EPS by 9c

Bofl Holding (NASDAQ: BOFI) reported Q1 EPS of $1.60, $0.09 better than the analyst estimate of $1.51.

"We delivered record earnings and margin expansion last quarter," stated Greg Garrabrants, President and Chief Executive Officer. Mr. Garrabrants continued, "Loan growth was strong across a variety of categories, including jumbo single family, commercial real estate, C&I and auto. We successfully closed the H&R Block agreements, adding over 250,000 new IRA customers and approximately 729,000 new prepaid accounts, further diversifying our deposit base. We see tremendous opportunities to leverage Block's nationwide footprint and digital channels to provide a variety of services to Block's customers over time. Coupled with investments we are making in our user experience, technology, and personnel across each of our core businesses, we are well positioned to sustain strong organic growth in revenues and earnings."

For earnings history and earnings-related data on Bofl Holding (BOFI) click here.

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