EverBank Financial reported Q2/14 net income available to common shareholders was $32.3 million compared to $29.2 million for the first quarter 2014 and $43.5 million in Q2/13. The bank noted that excluding the impact of $2.1 million in regulatory-related and other expenses, net of tax, net income available to common shareholders would have been $34.4 million.
EverBank Financial reported Q2/14 originations were $2.9 billion and retained originations were $1.6 billion for the second quarter of 2014, an increase of 44% and 52%, respectively, compared to the prior quarter driven by balanced growth in both the commercial and consumer businesses.
The bank said total commercial originations during the quarter were $684 million, an increase of 110% compared to the prior quarter and 30% year over year, driven by strong growth in equipment financing receivables.
Equipment financing receivable originations in Q2/14 of $399.0 million was up 138% sequentially from $167.0 million and 113% compared to $187.0 million in the same quarter in 2013.
To view the full EverBank Financial news release, click here.
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