Jacksonville, Fla. – (April 2006) – EverBank
, one of the nation’s largest and fastest growing financial services firms, today reported earnings of $6.6 million for the fourth quarter of 2005, bringing total earnings for 2005 to $28.2, an increase of 19% over 2004. EverBank’s assets increased year-over-year by 22% to $3.7 billion, up from $3.1 billion in 2004.
“EverBank experienced balanced growth from diversified sources in 2005,” said Robert Clements, Chairman and CEO of EverBank. “Despite economic changes that negatively impacted other banking firms, EverBank’s performance remained strong and steady due to our expanding banking and balanced mortgage businesses. Customers have responded to our industry leading high-yield deposit accounts, innovative mortgage offerings and creative investment vehicles. This diversity allows us to maintain our competitiveness.”
“EverBank’s deposit and loan growth has come from strong performance in its core national banking, residential mortgage production and mortgage servicing business lines and through the progress of our newer initiatives, including our MarketSafe line of products, EverBank Advisors relationship banking program, nationwide small balance commercial and multifamily real estate lending program and community banking expansion in Florida,” added Mr. Clements.
EverBank has been a recipient of various prestigious performance and innovation awards including the Allen C. Ewing & Company High Performance Award honoring the top-performing bank in Florida, Forbes “Best of the Web” award honoring bank technology innovation, and Freddie Mac’s Tier One Hall of Fame honoring mortgage servicing excellence.
About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts. Lovett Miller & Co. typically invests $5 to $15 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information, visit www.lovettmiller.com
EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. With approximately $3 billion in assets, 1,400 employees, and 400,000 customers nationwide, EverBank is one of the industry's fastest growing, high performing financial service firms. EverBank provides national banking and lending products directly to consumer and through a variety of business partners including priceline.com, Bank of New York, and other financial advisors and brokers. EverBank has received numerous awards including Forbes and Online Banking Report's "Best of the Web" as well as other servicing, banking, and technology honors. For more information on banking, mortgages, wholesale and commercial lending, visit www.everbank.com
. EverBank is an Equal Housing Lender and Member FDIC.