EverBank Financial Corp. of Jacksonville, Fla., said first-quarter net income totaled $7.1 million, 8% more than a year earlier, thanks to strong deposit growth and mortgage production.
Assets totaled $3.09 billion, up 29% from a year earlier and 1.6% from yearend, the privately held company said Thursday.
"Across the board we were enjoying strong results," chairman and chief executive Robert Clements said Friday.
"The contribution from our banking operations," branched and branchless, "has become a much larger percentage of our overall" earnings, he said.
The company's Internet bank had "a lot of momentum" in the quarter, Mr. Clements said. As for the four branches that operate under the name EverBank of Florida, he said he plans to build "at least one more by the end of the year in Jacksonville."
Mortgage production almost doubled with the opening of four sales offices, in Des Moines, Denver, Dallas, and Hartford, Conn., Mr. Clements said.
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