EverBank Financial said its adjusted net income was $32 million for the fourth quarter of 2013, compared to $34 million for the third quarter 2013 and $44 million for the fourth quarter of 2012. For the year, adjusted net income was $148 million, an increase of 3% over 2012. GAAP net income was $18 million for the fourth quarter of 2013, compared to $33 million for the third quarter of 2013 and $29 million for the fourth quarter of 2012. For the year, GAAP net income was $137 million, an increase of 85% over 2012.

“2013 was a successful year for EverBank as we generated a solid return on equity, grew tangible book value per share by 12%, and executed on key strategic initiatives designed to enhance operating efficiency, simplify our earnings profile and focus on our core banking and lending activities,” said Robert M. Clements, chairman and chief executive officer. “The company’s fundamentals are strong, which we believe positions us to generate robust asset and earnings growth from our diverse nationwide lending businesses in 2014.”

Fourth Quarter and Full Year 2013 Key Highlights:

•Tangible common equity per common share was $11.57 at December 31, 2013, an increase of 12% compared to year end 2012.

•Adjusted return on equity (ROE) was 10% and GAAP ROE was 9% for the full year 2013.

•Retained asset generation of $1.6 billion for the fourth quarter, including commercial origination volume of $701 million, an increase of 45% and 99%, respectively, compared to the prior quarter.

•Deployed excess liquidity to grow portfolio loans held for investment to $13.3 billion, an increase of 5% compared to the prior quarter, or 22% annualized.

•Core net interest margin was 3.30% for the quarter, an increase of 13 basis points from 3.17% in the prior quarter.

•Adjusted non-performing assets were 0.65% of total assets at December 31, 2013, a 36% decline compared to the prior quarter. Annualized net charge-offs to average loans and leases held for investment were 0.20% for the quarter.

To read EverBank’s full press release click here.