BofI Holding, Inc. Named Top Public Thrift for 2016
April 13 2017 - 8:30AM
Business Wire
BofI Retains Top Ranking for 5th Consecutive
Year
BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of
BofI Federal Bank, announced today that it was recognized by
S&P Global Market Intelligence as the top public thrift for
2016, retaining the top ranking for a fifth consecutive year.
S&P Global Market Intelligence ranks the 50 largest public
thrifts using six financial metrics that focus on return on average
assets (“ROAA”), return on average tangible common equity
(“ROATCE”), 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, 2016. Among these metrics, BofI
ranked first in tangible book value per share growth and ROATCE and
second in efficiency ratio and ROAA.
“We achieved the top-performing public thrift ranking for a
fifth consecutive year and a top-five ranking for a ninth
consecutive year,” stated Greg Garrabrants, President and Chief
Executive Officer of BofI Holding, Inc. “Our ability to maintain
industry-leading performance in tangible book value per share
growth, returns, efficiency and credit quality over the past five
years is a testament to the consistency in our execution and the
high-performance culture we have built.”
S&P Global Market Intelligence 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, among other financial products and
services, provides financing for single and multifamily residential
properties, small-to-medium size businesses in target sectors, and
selected specialty finance receivables. With approximately $8.2
billion in assets, BofI Federal Bank provides consumer and business
banking products directly and through third-party channels. 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, the S&P SmallCap 600® Index, and the KBW Nasdaq
Financial Technology Index. For more information on BofI Federal
Bank, please visit bofifederalbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170413005321/en/
Investor Relations:BofI Holding, Inc.Johnny Lai, CFAVP,
Corporate Development and Investor
Relations1-858-649-2218jlai@bofi.com
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