EverBank Reports 36% Y/Y Increase in Equipment Finance O/S



EverBank Financial announced Q2/15 adjusted net income available to common shareholders was $43.9 million up 28% compared to $34.4 million in Q2/14.

Highlights from the news release including the following:

  • Q2/15 equipment financing originations of $293 million were down 26% from $399 million in Q2/14. At 6/30/15, equipment finance receivables of $2.15 billion were up 36% from $1.58 billion a year earlier.
  • Lender Finance receivables of $914 million were up 46% or $289 million from $625 million at the end of Q2/14.
  • Commercial lending capabilities strengthened with the hiring of an experienced asset-based lending team and the purchase of a $92 million ABL portfolio

“We are pleased with our second quarter performance, with continued strong loan growth and higher margins resulting in a 9% increase in net interest income,” said Robert M. Clements, chairman and chief executive officer. “We also executed on key strategic initiatives in the quarter that should enhance our future performance, including closing our Ginnie Mae servicing sale and raising non-dilutive growth capital.”

Read the full release from EverBank here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com