BofI Holding, Inc. Makes 2016 Raymond James Community Bankers Cup Winners List
Mar 13, 2017
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 Bank of Internet USA
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. 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 axosbank.com.
Bank of Internet USA is the oldest and most trusted FDIC-insured internet bank in America and is a division of BofI Federal Bank (FDIC Certificate # 35546). Bank of Internet USA has been proudly serving clients for the last 15 years and it is one of the first banks to offer banking services exclusively online. For more information about Bank of Internet USA please visit axosbank.com.