Jacksonville, Fla. – (July 2005) – EverBank, one of the nation's largest and fastest growing financial services firms, today reported earnings of $7.1 million for the first quarter of 2005, an increase of 73% over fourth quarter 2004 earnings. Total assets of EverBank increased to $3.09 billion, up from $3.04 billion on December 31, 2004 and a 29% increase from first quarter 2004 assets of $2.40 billion.
"EverBank continues to show strong earnings results from a diversified line of businesses", said Robert Clements, Chariman and CEO of EverBank, "As our banking segments have grown, the share of EverBank's earnings from banking, a steady source of income for the company, has now increased to 55% of the company's total earnings."
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. Beginning in 2005, EverBank's financial results reflect all activities within the EverBank family of companies due to a corporate consolidation of several legal entities.
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.
About EverBank
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.