BofI Holding, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2014
January 29, 2015 at 07:30 pm IST
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BofI Holding, Inc. announced unaudited consolidated earnings results for second quarter and six months ended December 31, 2014. For the quarter, the company reported net interest income of $48,111,000, income before income tax expense of $32,971,000, net income attributable to common stock of $19,294,000 or $1.26 per diluted share, return on average assets of 1.53% and return on average common stockholders' equity of 19.08% compared to the net interest income of $32,827,000, income before income tax expense of $22,066,000, net income attributable to common stock of $13,077,000 or $0.91 per diluted share, return on average assets of 1.58% and return on average common stockholders' equity of 17.69% for the same quarter a year ago.
For the six months period, the company reported net interest income of $92,986,000, income before income tax expense of $63,149,000, net income attributable to common stock of $37,058,000 or $2.46 per diluted share, return on average assets of 1.55% and return on average common stockholders' equity of 18.85% compared to the net interest income of $60,938,000, income before income tax expense of $42,138,000, net income attributable to common stock of $25,181,000 or $1.77 per diluted share, return on average assets of 1.60% and return on average common stockholders' equity of 17.71% for the same period a year ago. Book value per common was $29.58 on December 31, 2014 compared to $21.82 per share as on December 31, 2014.
Axos Financial Inc. is a financial holding company that operates through its subsidiary, Axos Bank (the Bank). The Bank provides consumer and commercial banking products through its digital online and mobile banking platforms, distribution channels and affinity partners. The Companyâs segments include Banking Business and Securities Business. Banking Business segment has a range of banking services, including online banking, concierge banking, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels. In addition, it focuses on providing deposit products nationwide to industry verticals, cash management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. Securities Business segment includes the clearing broker-dealer, registered investment advisor custody business, registered investment advisor, and introducing broker-dealer lines of businesses.