EverBank Financial (EVER) Tops Q1 EPS by 2c

EverBank Financial (NYSE: EVER) reported Q1 EPS of $0.31, $0.02 better than the analyst estimate of $0.29.

"The core fundamental performance of our franchise was strong in the quarter, with robust loan and deposit growth driving higher levels of net interest income and an adjusted ROE of 9.7%," said Robert M. Clements, chairman and chief executive officer. "In addition, we announced today two strategic servicing transactions that we expect will be accretive to future earnings, enhance our capital position, improve efficiency and reduce risk."

"Organic lending volumes were strong across our consumer and commercial businesses and we continued to execute on our commercial deposit growth strategy in the quarter", said W. Blake Wilson, president and chief operating officer. "Our strategy of selling longer duration jumbo loans to accommodate shorter duration government-insured loans generated attractive risk-adjusted returns in the quarter."

For earnings history and earnings-related data on EverBank Financial (EVER) click here.

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