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BofI Holding, Inc. Named Best Public Thrift for 2015

Date : 05/05/2016 @ 9:00AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $18.80 -0.16 (-0.84%) @ 12:45PM

BofI Retains Top Ranking for 4th Consecutive Year

BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of BofI Federal Bank, announced today that it was recognized by SNL Financial as the top thrift for 2015, retaining the top ranking for a fourth consecutive year.

SNL Financial ranks the 100 largest public thrifts using six financial metrics that focus on return on average assets (“ROAA”), return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share (“TBVPS”), nonperforming loans-to-total loans and net charge-offs to average loans for the 12-month period ended December 31, 2015. Among these metrics, BofI ranked first in efficiency ratio, second in TBVPS growth and third in ROAA.

“We are honored to learn of BofI’s ranking by SNL Financial as the top performing large thrift in the United States. This is the fourth consecutive year we have been ranked number one and the eighth consecutive year being ranked in the top five,” stated Greg Garrabrants, President and Chief Executive Officer of BofI Holding, Inc. “We believe we have the right business model to continue to generate industry leading profitability and have invested heavily in innovation, people, technology and risk infrastructure to ensure that we can execute our strategy over the long-term. We are grateful to our customers, employees and shareholders for the support they have provided in our continued success.”

SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit www.snl.com.

http://ih.advfn.com/p.php?pid=nmona&article=71369316

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