BofI Holding, Inc. Announces Second Quarter Net Income, Up 14.7%
finance.yahoo.com
“We had another solid quarter, with sequential improvements in loan growth, net interest margin and operating efficiency,” stated Greg Garrabrants, President and Chief Executive Officer. “Our loan originations were well balanced with contributions from commercial and industrial, multifamily and small balance commercial real estate, and jumbo single family lending. With our continued success diversifying our lending, consumer and commercial deposit, and fee-based businesses, we are well positioned for profitable growth,” Mr. Garrabrants concluded.
Total assets reached $8,167.9 million, up $1,505.7 million or 22.6% compared to December 31, 2015
Loan and lease portfolio grew by $1,166.2 million or 20.7% compared to December 31, 2015
Deposits grew by $1,410.7 million, or 27.1% compared to December 31, 2015
Asset quality remains strong with total non-performing assets of 0.43% of total assets at December 31, 2016
Return on average common stockholders’ equity was 17.49% for the three months ended December 31, 2016 |
