EverBank Reports 68% Y/Y Equipment Financing Growth



EverBank Financial reported Q3/14 net income of $41.0 million, up 34% from $30.6 million in Q3/13. The bank noted its equipment financing receivables of $1.84 billion were up 68% from $1.09 billion at the end of the same quarter in 2013.

Everbank said its Q3/14 equipment financing originations of $393 million were up from $177 million or 122% compared the Q3/13.

“We are pleased with our third quarter performance as we delivered strong earnings, achieved robust portfolio loan growth and benefited from our deposit growth initiatives,” said Robert M. Clements, chairman and chief executive officer.

To view the full EverBank Financial news release, click 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