BofI Holding, Inc. Named Best Public Thrift for 2015
May 05 2016 - 9:00AM
Business Wire
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.
About BofI Holding, Inc.
BofI Holding, Inc. is the holding company for BofI Federal Bank,
a nationwide bank that provides financing for single and
multifamily residential properties, small-to-medium size businesses
in target sectors, and selected specialty finance receivables. With
approximately $7.7 billion in assets, BofI Federal Bank provides
consumer and business banking products through its low-cost
distribution channels and affinity partners. BofI Holding, Inc.’s
common stock is listed on the NASDAQ Global Select Market under the
symbol “BOFI” and is a component of the Russell 2000® Index and the
S&P SmallCap 600® Index. For more information on BofI Federal
Bank, please visit bofifederalbank.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including without limitation
statements relating to BofI’s financial prospects and other
projections of its performance and asset quality, BofI’s ability to
grow and increase its business, diversify its lending, the outcome
and effects of pending class action litigation recently filed
against the Company, and the anticipated timing and financial
performance of offerings, initiatives or acquisitions. These
forward-looking statements are made on the basis of the views and
assumptions of management regarding future events and performance
as of the date of this press release. Actual results and the timing
of events could differ materially from those expressed or implied
in such forward-looking statements as a result of risks and
uncertainties, including without limitation changes in interest
rates, inflation, government regulation, general economic
conditions, conditions in the real estate markets in which we
operate and other factors beyond our control. These and other risks
and uncertainties detailed in BofI’s periodic reports filed with
the Securities and Exchange Commission could cause actual results
to differ materially from those expressed or implied in any
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
BofI undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this press release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160505005807/en/
BofI Holding, Inc.Johnny Lai, CFAVP, Corporate Development and
Investor Relations1-858-649-2218jlai@bofifederalbank.com
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