Last $19.03 USD
Change Today +0.07 / 0.37%
Volume 529.9K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

everbank financial corp (EVER) Snapshot

Open
$18.96
Previous Close
$18.96
Day High
$19.17
Day Low
$18.77
52 Week High
03/18/14 - $20.00
52 Week Low
08/30/13 - $13.95
Market Cap
2.3B
Average Volume 10 Days
640.1K
EPS TTM
$1.06
Shares Outstanding
122.7M
EX-Date
02/7/14
P/E TM
17.9x
Dividend
$0.12
Dividend Yield
0.58%
Current Stock Chart for EVERBANK FINANCIAL CORP (EVER)

everbank financial corp (EVER) Related Businessweek News

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everbank financial corp (EVER) Details

EverBank Financial Corp operates as the bank holding company of EverBank that provides financial products and services to individuals, and small and medium-sized businesses in the United States. The company operates through three segments: Banking and Wealth Management, Mortgage Banking, and Corporate Services. Its deposit products include noninterest-bearing and interest-bearing demand deposits, savings and money market accounts, and time deposits. The company’s loan products portfolio comprises owner-occupied commercial real estate, commercial investment properties, asset-backed commercial, and small business commercial loans; lease financing receivables; home equity lines; and personal loans, credit card loans and lines of credit, and automobile and other loans. It is also engaged in originating and servicing residential mortgage loans, and equipment leases and loans. In addition, the company provides portfolio management services; and financial advisory, planning, brokerage, and other wealth management services. EverBank Financial Corp offers its services through Internet or telephone, as well as through financial centers and financial advisors. The company is headquartered in Jacksonville, Florida.

4,000 Employees
Last Reported Date: 02/28/14

everbank financial corp (EVER) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $750.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $370.0K
Vice Chairman and Chief Risk Officer
Total Annual Compensation: $395.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2013.

everbank financial corp (EVER) Key Developments

EverBank Financial Corp. Presents at Raymond James 35th Annual Institutional Investors Conference, Mar-04-2014 01:40 PM

EverBank Financial Corp. Presents at Raymond James 35th Annual Institutional Investors Conference, Mar-04-2014 01:40 PM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, Florida, United States. Speakers: Steven J. Fischer, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.

EverBank Financial Corp. Declares Quarterly Cash Dividend and Preferred Dividend Payable on February 22, and April 7, 2014 Respectively; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Announces Net-Charge Offs for the Fourth Quarter Ended December 31, 2013

On January 24, 2014, EverBank Financial Corp. Board of Directors declared a quarterly cash dividend of $0.03 per common share, payable on February 22, 2014, to stockholders of record as of February 11, 2014. Also on January 24, 2014, the company's Board of Directors declared a quarterly cash dividend of $421.875, payable on April 7, 2014, for each share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock held as of March 21, 2014. The company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's total interest income was $173,531,000 compared with $192,267,000 a year ago. Net interest income was $135,036,000 compared with $146,993,000 a year ago. This decrease was attributable to lower interest income resulting from lower loans held for sale and investment securities average balances. Offsetting these was lower interest expense driven primarily by a decrease in FHLB advances average balance and rate. Core net interest margin, which is net interest margin excluding the impact of $3 million of Tygris acquisition excess accretion, increased to 3.30% for the fourth quarter from 3.17% in the third quarter. Income before provision for income taxes was $26,537,000 compared with $44,625,000 a year ago. Net income was $18,451,000 compared with $28,846,000 a year ago. Net income allocated to common shareholders was $15,920,000 or $0.13 per diluted share compared with $27,355,000 or $0.22 per diluted share a year ago. Adjusted net income was $32,216,000 compared with $43,508,000 a year ago. Adjusted income before income tax was $48,739,000 compared with $68,273,000 a year ago. Adjusted diluted earnings per share were $0.24 in the fourth quarter 2013, an 8% decrease from $0.26 in the third quarter 2013 and a 29% decrease from $0.34 in the fourth quarter 2012. Revenue for the fourth quarter was $231 million, a decrease of $52 million, or 18%, from $282 million in the third quarter 2013. The decline was driven primarily by lower gain on sale of loans and lower MSR valuation allowance recovery, offset by lower interest expense. Adjusted net income allocated to common shareholders was $29,685,000 against $42,017,000 a year ago. For the year, the company's total interest income was $735,697,000 compared with $655,556,000 a year ago. Net interest income was $558,925,000 compared with $513,794,000 a year ago. Income before provision for income taxes was $218,040,000 compared with $115,997,000 a year ago. Net income was $136,740,000 compared with $74,042,000 a year ago. Net income allocated to common shareholders was $126,615,000 or $1.02 per diluted share compared with $63,318,000 or $0.60 per diluted share a year ago. Adjusted diluted earnings per share were $1.11, a 13% decrease from $1.27 in 2012. Adjusted return on equity was 10% and GAAP ROE was 9% for the full year 2013. Tangible common equity per common share was $11.57 at December 31, 2013, an increase of 12% compared to year end 2012. The company announced net charge-offs during the fourth quarter of 2013 declined to $6 million from $10 million in the third quarter of 2013, a decline of 35%.

EverBank Financial Corp. Presents at Keefe, Bruyette & Woods Boston Bank Conference, Feb-26-2014 11:10 AM

EverBank Financial Corp. Presents at Keefe, Bruyette & Woods Boston Bank Conference, Feb-26-2014 11:10 AM. Venue: Langham Hotel, Boston, Massachusetts, United States. Speakers: Steven J. Fischer, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, W. Blake Wilson.

 

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Industry Analysis

EVER

Industry Average

Valuation EVER Industry Range
Price/Earnings 18.6x
Price/Sales 2.2x
Price/Book 1.6x
Price/Cash Flow 17.1x
TEV/Sales NM Not Meaningful
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