Axos Financial Inc (AX)

[56Chevy]

Current Report Filing (8-k)

Date : 07/30/2015 @ 9:01AM
Source : Edgar (US Regulatory)
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $118.24 5.12 (4.53%) @ 3:13PM

BofI Holding, Inc. Announces Record Fourth Quarter Net Income of $24.4 million

Q4 Diluted EPS Increases 41.3%; Full-Year Diluted EPS Increases 39.5%

SAN DIEGO, CA – (MARKETWIRED) – July 30, 2015 – BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the fourth quarter and the fiscal year ended June 30, 2015. Net income was a record $24.4 million, an increase of 52.4% over net income of $16.0 million for the quarter ended June 30, 2014. Earnings attributable to BofI’s common stockholders were $24.3 million or $1.54 per diluted share for the fourth quarter of fiscal 2015, an increase of 52.6% from $15.9 million or $1.09 per diluted share for the fourth quarter of fiscal 2014.

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Other Highlights:

• Total assets reached $5,823.7 million, up $1,420.7 million or 32.3% compared to June 30, 2014

• Loan portfolio grew by $1,395.8 million or 39.5% compared to June 30, 2014

• Loan originations increased by $1,281.4 million, up 42.2% compared to the year ended June 30, 2014

• Deposits grew by $1,410.4 million, or 46.4% compared to June 30, 2014

• Net interest margin remained relatively steady with a slight decrease of 3 bps to 3.92% compared to 3.95% for the year ended June 30, 2014

• Asset quality continues to be strong with total non-performing assets of 0.55% of total assets and non-performing loans equal to 0.62% of total loans at June 30, 2015

• Tangible book value increased to $33.92 per share, up $8.65 per share compared to June 30, 2014

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