BofI Holding, Inc. (NASDAQ: BOFI) (“BOFI” or “the Company”), parent of Bank of Internet USA, announced that the Company made the 2016 Raymond James Community Bankers Cup Winners list. This is the third consecutive year BOFI received this recognition.
Raymond James & Associates, Inc. evaluated 281 community banks on six financial performance metrics focused on asset quality, profitability and returns: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity. Of the 28 domestic banks with assets between $500 million and $10 billion as of December 31, 2016 that were awarded the 2016 Raymond James Community Bankers Cup, BOFI ranked first in 5-year stock performance.
About BofI Holding, Inc. and BofI Federal Bank
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.