EverBank Q4 Equipment Finance Originations Up 38% Y/Y

EverBank Financial reported Q4/14 GAAP net income available to common shareholders was $35.5 million compared to $15.9 million in Q4/13. For the full year, net income of $138.0 million compared to $126.6 million in the same year-ago period.

Everbank noted its commercial equipment finance originations in Q4/14 were $358 million, up 38% from $260 million for the same 2013 quarter.
Equipment finance receivables at year-end 2014 were $2.03 billion, up 64% from $1.24 billion at year-end 2013.

“EverBank had a successful year in 2014 as we executed on key strategic initiatives designed to grow our commercial and consumer banking businesses and better align our franchise around our core clients,” said Robert M. Clements, chairman and chief executive officer. “Our core business fundamentals remained strong in the quarter as evidenced by robust loan and deposit growth, reduced noninterest expense and exceptional credit quality.”

To view the full EverBank Financial news release, click here.

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