BofI Holding, Inc. Named Top 5 Public Thrift for Tenth Consecutive Year
April 25 2018 - 8:30AM
Business Wire
BofI Ranked Second-Best Performer in 2017
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 second-best performing
public thrift in 2017.
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, 2017. Among these metrics, BofI
ranked first in ROAA and second in tangible book value per share
growth.
“We are proud to be recognized as a top-performing institution
by S&P Global,” stated Greg Garrabrants, President and Chief
Executive Officer of BofI Holding, Inc. “This is the 10th
consecutive year we have been ranked in the top five. Our focus on
serving clients through an efficient, service-oriented operating
model has enabled us to grow profitably through a variety of credit
and interest rate cycles.”
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 provides financing for single and
multifamily residential properties, small-to-medium size businesses
in target sectors, and selected specialty finance receivables. With
approximately $8.9 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, 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: https://www.businesswire.com/news/home/20180425005481/en/
BofI Holding, Inc.Investor Relations Contact:Johnny Lai, CFAVP,
Corporate Development and Investor
Relations1-858-649-2218jlai@bofi.com
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