56Chevy
6 years ago
Effective October 1, 2018, Axos Financial will begin trading on NYSE under new ticker symbol “AX”
BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of BofI Federal Bank, announced that effective today, its new corporate name is Axos Financial, Inc. (“Axos Financial”). Additionally, BofI Federal Bank will become Axos Bank on October 1, 2018.
“Our new brand better reflects the diversity of our existing businesses and aligns more closely with our strategic vision,” explained Gregory Garrabrants, President and Chief Executive Officer of Axos Financial. “As a technology-driven financial services company providing a diverse set of innovative products and services to personal, business and institutional clients nationwide, Axos Bank will continue to focus on the utilization of technology to evolve the banking experience.”
The Company also announced the pending transfer of its stock exchange listing of common stock and subordinated notes from the NASDAQ Global Select Market (“NASDAQ”) to the New York Stock Exchange (“NYSE”). Axos Financial expects to begin trading on NYSE on October 1, 2018, under the new ticker symbol “AX” for its common stock and “AXO” for its subordinated notes. The Company’s common stock and subordinated notes are expected to continue to trade on NASDAQ until the close of the market on September 28, 2018.
[....]
Source:
http://ih.advfn.com/p.php?pid=nmona&article=78241875
Marke:
Axos Finl (BOFI)
$35.56 down -1.1 (-3.00%)
Volume: 161,948
56Chevy
8 years ago
BofI Holding, Inc. Announces Record Net Income
Date : 04/25/2017 @ 4:00PM
Source : Business Wire
Stock : BOFI Holding, Inc. (MM) (BOFI)
Quote : $24.035 -2.315 (-8.79%) @ 3:24PM
Third Quarter and Year-to-Date Net Income Up 14.1%
BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the third fiscal quarter ended March 31, 2017. Net income was a record $41.0 million, an increase of 14.1% over net income of $35.9 million for the quarter ended March 31, 2016. Earnings attributable to BofI’s common stockholders were $40.9 million or $0.63 per diluted share for the third quarter of fiscal 2017, an increase of 14.2% from $35.8 million or $0.56 per diluted share for the third quarter ended March 31, 2016.
Adjusted earnings, a non-GAAP measure, which excludes the after-tax impact of gains and losses associated with our securities portfolio, increased 13.5% to $40.9 million for the quarter ended March 31, 2017 compared to $36.0 million for the quarter ended March 31, 2016.
[....]
Other Highlights:
- Total assets reached $8,700.0 million, up $996.4 million or 12.9% compared to March 31, 2016
- Loan and lease portfolio grew by $986.0 million or 16.3% compared to March 31, 2016
- Loan and lease originations and purchases for the three months ended March 31, 2017 were $1,561.0 million, up 25% compared to the quarter ended March 31, 2016
- Deposits grew by $751.6 million, or 12.4% compared to March 31, 2016
- Asset quality remains strong with total non-performing assets of 0.39% of total assets at March 31, 2017
- Return on average common stockholders’ equity (ROE) was 21.10% for the three months ended March 31, 2017
- Tangible book value increased to $12.44 per share, up $2.21 per share compared to March 31, 2016
[....]
https://ih.advfn.com/p.php?pid=nmona&article=74417479
*Despite another record financial report comments by President Trump today regarding simplified tax filing coming soon was bad news for H & R Block...which was bad news for BOFI.
**BOFI selling at slightly under 2 x Book.
norweger1979
8 years ago
56Chevy
congrats on BOFI hitting $28 today, about 100% up from early 2016!
I took my profits Sept/Oct this year in BOFI, CIBH as well as CCFH (still own some) and added to BNCC,OXBC,SMBK, DB and WFC and some others.
Pretty amazing run for our banks lately, it was due with a 0.25% rate hike, LOL
Regulations for the local/small/mid tier banks should see big relief and that's where I have my chips stacked for a long time already and continue to see great potential!
Have a nice holiday season
Enterprising Investor
8 years ago
Why Closing Bank Branches Isn’t Always a Road to Riches (11/29/16)
A new Bain & Co. study suggests that branch closures could actually make things worse for banks in the future
By Telis Demos
One of banks’ favorite cost-cutting strategies in recent years has been closing branches. But a new study suggests the approach may soon backfire.
With mobile phones now able to provide virtually all of the services of a branch at a fraction of the cost, banks have cut their costs massively by shuttering physical locations and moving customers to apps, relieving some of the pressure of low interest rates, new competition, and slowing loan growth.
A new Bain & Co. study however suggests that branch closures could actually make things worse for banks in the future. Most customers who want to do mobile banking are already doing so. And moving remaining branch customers to mobile could further imperil the cross-selling model that is already under regulatory scrutiny.
Many customers who rely on a branch now often use the closing of one as an opportunity to switch banks, Bain found. Even customers who do make the move to mobile are less loyal, doing more shopping around for loans, cards, and other services. That leaves banks stuck with the expense of maintaining checking accounts, but fewer of the benefits of other, more profitable products.
“It’s a scary time for banks,” said Gerard du Toit, who leads consulting for banks in the Americas financial services practice at Bain. “They run the risk of being the dumb regulated utility with all of the costs, while all the high-margin juicy stuff is hollowed out.”
Already the number of branches has been shrinking for several years, driven by a need to cut costs.
But the U.S. remains over-branched, many argue, with about 32 bank branches per 100,000 adults, higher than the Organization for Economic Cooperation and Development, or OECD, average of 24, according to a recent report by Autonomous Research. Bringing the U.S. branch density closer to what it is in parts of Europe would save some $11 billion a year for the 25 largest U.S. banks, not including saving money on rent or selling buildings, Bain said.
Some argue that the advent of mobile apps make branch closures possible in a way banks’ websites, which they have offered for years, did not. Mobile devices are with customers at all times, and cameras can do things like snap pictures to deposit checks, while thumbprints scanners can identify customers almost as readily as in person.
But Bain says growth of mobile usage has plateaued, suggesting that people who naturally migrated, like millennials, have already done so—with only the most branch-tied customers left to convert. The percentage of bank customers using their bank’s app leapt from 32% in 2012 to 52% in 2015, Bain found. But it inched up to just 55% this year.
Now, closing branches runs the risk that customers just move to another bank with a nearby branch, rather than migrate to mobile. About 40% of customers whose main branch closed in the last 12 months either switched banks or started new products with other banks, Bain found.
And, even more troubling for banks, mobile customers who stick with their bank appear to be worse customers, because it becomes easier to switch from one app to another for different services. In 2016, U.S. consumers were almost twice as likely to have used a competing bank than their primary bank for their most recent digital financial product.
Many financial technology upstarts such as lender Social Finance Inc. and investment manager Betterment Holdings Inc., alongside established firms such as Capital One Financial Corp., have also raced into the mobile realm as a way to entice other firms’ customers to take out new cards, loans, or investment accounts.
http://www.wsj.com/articles/why-closing-bank-branches-isnt-always-a-road-to-riches-1480430865
56Chevy
8 years ago
BofI Holding, Inc. Makes Fortune Inc. Fastest-Growing Company List for 2016
Date : 09/29/2016 @ 9:00AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $22.89 0.79 (3.57%) @ 2:03PM
BOFI Ranked 48th in Fortune’s 2016 List
BofI Holding, Inc. (NASDAQ: BOFI) (the "Company"), parent of BofI Federal Bank, announced that the Company made the Fortune Inc. Fastest-Growing Companies for 2016. Companies are ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2016. BOFI ranked 48th in Fortune’s 2016 list.
To qualify, a company - domestic or foreign - must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2016; and has been trading continuously since June 30, 2013. Companies must have revenue and net income for the four quarters ended on or before April 30, 2016, of at least $50 million and $10 million, respectively; and has posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2016.
http://ih.advfn.com/p.php?pid=nmona&article=72553578
56Chevy
8 years ago
H&R Block Sees Loss Widen
Date : 08/30/2016 @ 6:20PM
Source : Dow Jones News
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $22.08 -0.9 (-3.92%) @ 4:59PM
H&R Block Inc. on Tuesday reported weaker-than-expected results for its latest quarter as the tax-service provider said it had fewer customers in the U.S. and suffered from currency woes.
Shares of H&R Block, down 30% this year, fell 5.6% to $22.85 in after-hours trading. The company noted that, because of the seasonal nature of its business, its fiscal first quarter is not indicative of full-year results.
"The fiscal first quarter typically represents less than 5% of annual revenues and less than 15% of annual expenses," the company said in a statement.
Still, H&R Block missed Wall Street expectations amid changes to the company's balance sheets after the sale of its bank business to a unit of BofI Holding Inc. The move resulted in the reclassification of certain revenue and the loss of some investment income.
Under the agreement, BofI Federal Bank would act as the bank for H&R Block-branded financial-services products, such as lines of credit and prepaid debit cards. H&R Block also sold securities related to the bank.
In April, H&R Block said it was laying off 250 workers during a disappointing tax season. H&R Block said it handled 5.8% fewer U.S. tax returns in the most recent tax season and planned to restructure operations, including laying off nearly 13% of its workforce.
For the period ended July 31, H&R Block reported a loss of $123.7 million, or 56 cents a share, wider than its loss of $99.7 million, or 36 cents a share, a year earlier. Excluding items, adjusted per-share earnings sank to a loss of 55 cents from a loss of 35 cents a year ago.
Revenue fell 9.1% to $125 million.
Analysts polled by Thomson Reuters expected per-share loss of 53 cents and revenue of $133 million.
http://ih.advfn.com/p.php?pid=nmona&article=72319849
56Chevy
8 years ago
BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?
BofI has continued to deliver strong earnings growth even as ongoing accusations and heavy short selling weigh on its stock price.
Aug 10, 2016 at 7:43PM
When internet bank BofI Holding, Inc. (NASDAQ:BOFI) reported its fourth quarter, investors were rewarded with more of the same steady, strong growth that its has delivered for years. Earnings were up 22%, EPS increased 18%, and the bank's portfolio of loans,leases, mortgages, and deposits all increased by double digits.
By most any measure, BofI delivered a wonderful quarter, and shareholders were rewarded with a nice 10% bump in the share price. Through Aug. 10, BofI's share price is up almost 13% since earnings were announced.
[To continue to read the article.. click the link]
http://www.fool.com/investing/2016/08/10/bofi-holding-inc-continues-delivering-is-short-the.aspx
*Stock is up over $4 @ share since this article was written 2 weeks ago. High likelihood of significant short covering to come.
Marker;
Bofi Holding, Inc. (BOFI)
$22.24 up 1.32 (6.31%)
Volume: 2,524,485
56Chevy
8 years ago
Bofi meets 4Q profit forecasts
SAN DIEGO (AP) _ BofI Holding Inc. (BOFI) on Tuesday reported fiscal fourth-quarter net income of $29.7 million.
The bank, based in San Diego, said it had earnings of 46 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.
The bank holding company posted revenue of $86.2 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $79.8 million.
For the year, the company reported profit of $119 million, or $1.85 per share. Revenue was reported as $327.4 million.
Bofi shares have dropped 27 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.34, a decline of 51 percent in the last 12 months.
Source: CNBC
http://www.cnbc.com/2016/08/02/the-associated-press-bofi-meets-4q-profit-forecasts.html
56Chevy
8 years ago
BofI Holding, Inc. Announces Fourth Quarter Net Income of $29.7 million, Up 21.9%
Date : 08/02/2016 @ 4:00PM
Source: Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $15.34 -0.75 (-4.66%) @ 5:12PM
FY 2016 Net Income Increases 44.3% to $119.3 million
BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the fourth fiscal quarter ended June 30, 2016. Net income was $29.7 million, an increase of 21.9% over net income of $24.4 million for the quarter ended June 30, 2015. Earnings attributable to BofI’s common stockholders were $29.7 million or $0.46 per diluted share for the fourth quarter of fiscal 2016, an increase of 21.9% from $24.3 million or $0.39 per diluted share for the fourth quarter ended June 30, 2015.
[....]
Other Highlights:
- Total assets reached $7,601.4 million, up $1,777.6 million or 30.5% compared to June 30, 2015
- Loan and lease portfolio grew by $1,426.1 million or 28.9% compared to June 30, 2015
- Loan and lease originations for investment for the three months ended June 30, 2016 were $960.3 million, up 12.0%, or 48.0% annualized, compared to the quarter ended March 31, 2016
- Deposits grew by $1,592.1 million or 35.8% compared to June 30, 2015
- Asset quality remains strong with total non-performing assets of 0.42% of total assets and non-performing loans and leases equal to 0.50% of total loans at June 30, 2016
- Net interest margin was 3.72%; excluding average balances associated with short-term H&R Block products the net interest margin was 3.87%
- Tangible book value increased to $10.67 per share, up $2.19 per share compared to June 30, 2015
[....]
Full Year Fiscal 2016 Highlights
- Net income reached a record $119.3 million, an increase of 44.3% compared to the fiscal year ended June 30, 2015
- Loan and lease originations and purchases for the fiscal year ended June 30, 2016 were $5,137.4 million up $814.1 million or 18.8% compared to the year ended June 30, 2015
- Return on average common stockholders’ equity was 19.43%, up from 18.34% for fiscal year 2015
- Net annualized charge-offs to average loans was a recovery of 1 basis point compared to 3 basis points of net charge-offs for fiscal year 2015
- Completed a $51 million public offering of 6.25% Subordinated Notes on March 24, 2016
- BofI was named the top performing large thrift in the U.S. for a fourth consecutive year by SNL Financial/S&P Global Market Intelligence
Source:
http://ih.advfn.com/p.php?pid=nmona&article=72118012
*Another stupendous performance report.
**After hours trading so far reflects well on this report.
56Chevy
8 years ago
BofI Holding, Inc. to Announce Fourth Quarter 2016 Results on August 2, 2016
Date : 07/07/2016 @ 4:05PM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $18.5199 0.2999 (1.65%) @ 1:28PM
BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of BofI Federal Bank, announced today that it will host a conference call on Tuesday, August 2, 2016 at 1:30 PM PT (4:30 PM ET) to discuss financial results for the fiscal fourth quarter 2016 ended June 30, 2016.
Joining Gregory Garrabrants, President and Chief Executive Officer of the Company, will be Andrew J. Micheletti, Executive Vice President and Chief Financial Officer. The Company plans to distribute its earnings results prior to the conference call.
Interested parties may access the live conference call by visiting BOFI’s website at bofiholding.com and clicking on the webcast link or by dialing toll-free number 877-407-8293. For those interested parties who may be unavailable to listen to the live broadcast, a replay will be available until Thursday, September 1, 2016, at BOFI's website and telephonically by dialing toll-free number 877-660-6853, passcode 13640821.
http://ih.advfn.com/p.php?pid=nmona&article=71919161
56Chevy
8 years ago
Profit Margin, ROA and ROE Comparisons with larger banks
*comparisons are with the top 6 banks, TTM and in no particular order of size or outcome.
BOFI
Profit Margin (ttm): 38.49%
Return on Assets (ttm): 1.72%
Return on Equity (ttm): 19.83%
vs Bank of America PM; 19.91%
vs Bank of America ROA; 0.72%
vs Bank of America ROE; 6.03%
vs JPMorgan Chase & Co PM; 27.32%
vs JPMorgan Chase & Co ROA; 0.96%
vs JPMorgan Chase & Co ROE; 9.90%
vs Citibank PM; 23.86%
vs Citibank ROA; 0.89%
vs Citibank ROE 7.23%
vs Wells Fargo & Company PM; 26.81%
vs Wells Fargo & Company ROA; 1.28%
vs Wells Fargo & Company ROE; 11.79%
vs Goldman Sachs Group PM; 14.81%
vs Goldman Sachs Group ROA; 0.50%
vs Goldman Sachs Group ROE; 5.06%
vs Morgan Stanley PM; 14.66%
vs Morgan Stanley ROA; 0.61%
vs Morgan Stanley ROE; 6.53%
Source:
http://finance.yahoo.com/q/ks?s=BOFI+Key+Statistics
Marker;
Bofi Holding, Inc. (BOFI)
$16.34 up 0.62 (3.94%)
Volume: 1,199,961
56Chevy
8 years ago
BofI Holding, Inc. Eating Short-Sellers' Lunch With Another Huge Quarter
April 29, 2016, 10:21:39 AM EDT
BofI Holding reported third-quarter financial results on April 28, and it was another huge growth period for the bank, even in the face of an unyielding and continuing attack on the company from short sellers. Income from both net interest and fees was up, earnings per share increased 65%, and the company initiated a $100 million share repurchase program as its stock price remains beaten-down in the wake of continuing short-seller attacks on the company's credibility and loan activities.
Let's peel back the layers on the company's financial results. It may not answer all of the questions raised by short-sellers (most of which are decidedly dubious and only meant to create fear and uncertainty) but it will give you a better understanding of how the company is growing and where its financial results are coming from, and some clarity on how much risk its loan portfolio really entails. (Hint: much less than short-sellers would have you think).
[....]
To read on click the link;
http://www.nasdaq.com/article/bofi-holding-inc-eating-short-sellers-lunch-with-another-huge-quarter-cm613817
Marker:
Bofi Holding, Inc. (BOFI)
$17.78 up 0.16 (0.91%)
Volume: 1,589,768
56Chevy
9 years ago
BofI Holding, Inc. Named Best Public Thrift for 2015
Date : 05/05/2016 @ 9:00AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $18.80 -0.16 (-0.84%) @ 12:45PM
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.
http://ih.advfn.com/p.php?pid=nmona&article=71369316
*High performance will trump shorts...just a matter of time.
56Chevy
9 years ago
BofI Holding, Inc. Announces Record Third Quarter Net Income, Up 70.4%
Date : 04/28/2016 @ 8:30AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $20.48 1.05 (5.40%) @ 2:43PM
BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the third fiscal quarter ended March 31, 2016. Net income was a record $35.9 million, an increase of 70.4% over net income of $21.1 million for the quarter ended March 31, 2015. Earnings attributable to BofI’s common stockholders were $35.8 million or $0.56 per diluted share for the third quarter of fiscal 2016, an increase of 70.7% from $21.0 million or $0.34 per diluted share for the third quarter ended March 31, 2015.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=71284294
*Records aren't just being made they're being shattered. Incredible growth story for a bank.
Enterprising Investor
9 years ago
BofI Holding, Inc. Issues Statement Regarding Share Price Volatility (4/18/16)
SAN DIEGO--(BUSINESS WIRE)--BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of BofI Federal Bank, provided comments on recent volatility in its stock price. The Company continues to be the target of anonymous short-seller hit pieces designed to manipulate the market in a veiled effort to benefit themselves at the expense of BofI’s shareholders. Upon a closer examination, these anonymous pieces are based on speculation, innuendo, and outright misrepresentations. The latest hit piece, posted on a blog, claims that a “recent” lawsuit raised new allegations against BofI. In fact, this lawsuit is old news. Back on October 15, 2015, known “repeat player” strike suit attorneys filed a securities class action against BofI. An amendment to this old lawsuit has now been filed. After months of harassing our ex-employees, the lawyers’ amendment fails to raise any credible or systemic problems at BofI.
The amendment adds some unsubstantiated stories from “confidential” ex-employees mostly criticizing and complaining about the alleged lack of manners of their managers. The amended complaint also incorporates the anonymous blog posts of admitted short sellers, referring to them as “articles”, as if they were factual and unbiased. Just like the initial complaint, the amended complaint is riddled with numerous and material factual inaccuracies, erroneous conclusions, and mistaken applications of legal standards, which will be addressed in court.
What the anonymous short-sellers and the strike suit attorneys fail to highlight is that BofI, like other banks, is regularly examined by its federal regulators, external auditors, and internal auditors. The absence of public enforcement actions highlight how disconnected these allegations are from the reality of BofI’s highly compliant and top-performing business.
Additionally, the Audit Committee of the Board of Directors engaged one of the largest law firms in the world to conduct an independent investigation to determine whether there is support for the factual allegations and the conclusions contained in the employment action that formed the basis for the initial class action. After an extensive investigation, the outside law firm advised the Audit Committee that, based on its investigation, it found no support for the conclusions in the employment complaint that the Bank or management engaged in wrongdoing or acts of fraud or impropriety.
Moreover, BofI’s continued best-in-class asset quality metrics, including industry leading charge-off ratios, and low non-accrual loans are indicative of BofI’s strong underwriting standards.
BofI will vigorously defend itself and will continue to focus on delivering positive earnings growth and maintaining our strong regulatory relationships and risk-focused culture.
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 $6.7 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.
http://www.businesswire.com/news/home/20160418006163/en/BofI-Holding-Issues-Statement-Share-Price-Volatility
56Chevy
9 years ago
Marker:
Bofi Holding, Inc. (BOFI)
$133.40 up 8.09 (6.46%)
Volume: 595,592
Old news - BOFI had a 4 for 1 forward split effective as of November/2015.
Source:
http://finance.yahoo.com/news/bofi-holding-inc-announces-4-170410109.html
The PPS today [post split] is $23.28 which means from its all-time high last November BOFI is still down 33%.
-------------------------------------------
How is the bank performing YoY?
-Assets have grown: $1.4B
-Deposits have increased: $1.2B
-Loans increased: $1.3B
-Profits increased: $333MM
-Capital increased: $135MM
-Troubled Assets decreased: $8.7MM
Source:
http://banktracker.investigativereportingworkshop.org/banks/california/san-diego/bank-of-internet-usa/
The bank had a setback because of the pending whistle-blower lawsuit but in terms of growth remains to be a runaway freight train.
Link to lawsuit news;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117721552
This case needs to be followed up on.
Marker:
Bofi Holding, Inc. (BOFI)
$23.28 up 1.24 (5.63%)
Volume: 1,728,975
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