Last $19.60 USD
Change Today +0.01 / 0.05%
Volume 216.2K
EVER On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

everbank financial corp (EVER) Snapshot

Open
$19.53
Previous Close
$19.59
Day High
$19.71
Day Low
$19.45
52 Week High
06/24/14 - $20.61
52 Week Low
08/30/13 - $13.95
Market Cap
2.4B
Average Volume 10 Days
498.1K
EPS TTM
$0.94
Shares Outstanding
122.7M
EX-Date
05/8/14
P/E TM
20.8x
Dividend
$0.12
Dividend Yield
0.61%
Current Stock Chart for EVERBANK FINANCIAL CORP (EVER)

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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
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. Declares Quarterly Cash Dividends on Common Share, Payable on May 22, 2014 and 6.75% Series A Non-Cumulative Perpetual Preferred Stock, Payable on July 7, 2014

On April 25, 2014, EverBank Financial Corp. announced that Board of Directors declared a quarterly cash dividend of $0.03 per common share, payable on May 22, 2014, to stockholders of record as of May 12, 2014. Also on April 25, 2014, the company's Board of Directors declared a quarterly cash dividend of $421.875, payable on July 7, 2014, for each share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock held as of June 23, 2014.

EverBank Financial Corp. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-Offs for the First Quarter of 2014

EverBank Financial Corp. reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. GAAP net income was $32 million for the first quarter 2014, compared to $39 million for the first quarter 2013 and $18 million for the fourth quarter 2013. GAAP diluted earnings per share was $0.23, a 23% decrease from $0.30 in the first quarter 2013 and a 77% increase from $0.13 in the fourth quarter 2013. Revenue for the first quarter of 2014 was $215 million, a decrease of $15 million, or 7%, from $231 million in the fourth quarter of 2013. The decline was driven by lower MSR valuation allowance recovery and lower interest income. For the first quarter of 2014, net interest income was $131 million, a decrease of $4 million, or 3%, compared to the prior quarter. This decrease was attributed to lower interest income driven by lower loans held for sale and commercial loans average balances and yields. Total interest income was $168.463 million against $190.334 million a year ago. Income before provision for income taxes was $51.145 million against $63.390 million a year ago. Net income allocated to common shareholders was $29.229 million against $36.615 million a year ago. Adjusted net income was $30,103,000 compared to $43,737,000 for the same period a year ago. Adjusted net earnings per diluted common share was $0.22 compared to $0.33 for the same period a year ago. Return on average assets was 0.75% compared to 0.85% at the same period a year ago. Return on average equity was 7.91% compared to 11.04% at the same period a year ago. Adjusted return on average assets was 0.71% compared to 0.95% at the same period a year ago. Adjusted return on average equity was 7.46% compared to 12.42% at the same period a year ago. Net charge-offs during the first quarter of 2014 were $3.792 million compared to $6.954 million for the same period a year ago.

EverBank To Look For Acquisitions

EverBank Financial Corp. (NYSE:EVER) will look for acquisitions. EverBank's Chairman and Chief Executive Officer said, "We also continue to supplement our strategic organic growth plan with selective portfolio acquisitions that offer attractive risk-adjusted returns, accelerate our balance sheet growth, and optimize asset performance."

 

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Industry Analysis

EVER

Industry Average

Valuation EVER Industry Range
Price/Earnings 20.4x
Price/Sales 2.5x
Price/Book 1.6x
Price/Cash Flow 18.6x
TEV/Sales NM Not Meaningful
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