EverBank Q4/16 Equipment Finance Originations Down 21% Year/Year

EverBank Financial announced for the year ended 2016 net income allocated to common shareholders was $134.8 million in 2016, up from $120.4 million in 2015.

The following highlights were excerpted from the news release:

  • Total assets of $27.8 billion at December 31, 2016, an increase of $1.2 billion or 5% year-over-year.
  • For the full year 2016, commercial originations were $2.8 billion, a decrease of 23% year over year.
  • Equipment financing originations of $332 million in Q4/16 were down 21% from $420 million in Q4/2015.
  • Equipment financing receivables of $2,560 million at year-end 2016 were up 7% from $2,401 million at year-end 2015.
  • Everbank’s provision for loan and lease losses for the year ended 2016 was $49.0 million, up over 28% from $38.2 million a year earlier.

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