EverBank Financial(EVER)- NYSE
  • Mon, Aug. 8, 7:58 AM
    • EverBank Financial (NYSE:EVER+2.8% premarket after agreeing to be acquired by financial services provider TIAA for $19.50/share, or ~$2.5B.
    • The deal, which is expected to close in H1 2017, represents a 4.6% premium to Friday's $18.64 closing price.
    • Shares had climbed 20% since July 25 when reports indicated that the bank was actively discussing a potential sale.
    • Florida-based EverBank has $27.4B in assets and $18.8B in deposits, and operates mostly online.
    | Mon, Aug. 8, 7:58 AM
  • Tue, Jul. 26, 7:16 AM
    • The negotiations are with a "well-respected financial services company," says EverBank (NYSE:EVER), and the deal would be for $19.50 per share in cash. The stock closed at $17.56 yesterday, rocketing higher by 13.3% on the leak of a possible sale.
    • The putative buyer has an exclusivity agreement with EverBank expiring at the end of the day on August 8.
    | Tue, Jul. 26, 7:16 AM
  • Mon, Jul. 25, 3:40 PM
    • EverBank (EVER +12.2%) began working with UBS within the last two months after receiving an unsolicited approach, according to Bloomberg.
    • The Jacksonville-based lender went public in 2012, and is the largest bank in Florida by deposits, though operating mostly online (just 12 branches as of last June).
    • Its two largest investors are buyout firms Sageview Capital with more than 8%, and TPG Capital with about 7%.
    | Mon, Jul. 25, 3:40 PM
  • Mon, Jul. 25, 1:00 PM
    | Mon, Jul. 25, 1:00 PM
  • Mon, Jul. 25, 11:00 AM
    • According to Bloomberg, EverBank (EVER +6.5%) wants in on the community bank consolidation trend, and has retained UBS to explore a sale.
    | Mon, Jul. 25, 11:00 AM | 1 Comment
  • Oct. 28, 2015, 10:31 AM
    • CEO Robert Clements: "Our third quarter financial results were influenced by a difficult market environment and some unusual items ... We expect a rebound in our earnings in the fourth quarter."
    • Q3 adjusted net income of $28.8M or $0.23 per share vs. $43.9M and $0.35 in Q2, and $41.5M and $0.33 one year ago. Expectations were for $0.46.
    • Net interest income of $169M flat from Q2, with NIM of 2.90% down 21 basis points.
    • Noninterest income of $41M off 51% Q/Q. Net loan servicing income of $6M vs. $26M thanks to change in the valuation allowance on the bank's MSR which included a $4M charge this quarter vs. a $16M recovery in Q2. Gain on sale of loans of $18M fell 56%.
    • Noninterest expense of $152M fell 15%, with salaries, commissions and employee benefits of $89M down 7%.
    • EVER -8.3%
    | Oct. 28, 2015, 10:31 AM
  • Mar. 12, 2015, 4:44 PM
    • EverBank Holdings (NYSE:EVER) announces a secondary offering of 2.9M shares by Sageview Partners and Teachers Insurance and Annuity Association of America. The company won't receive any proceeds from the sale.
    • Shares -1.7% after hours.
    | Mar. 12, 2015, 4:44 PM
  • Mar. 24, 2014, 2:54 PM
    • Noting Bank of America's (BAC -0.9%) capital ratio in the Fed stress test was the lowest of any bank which passed, Atlantic Equities pulls its Overweight rating on the stock, and cuts the price target to $18.50 from $20. The stress test, says analyst Richard Staite, shows BofA with a $13B buffer over the minimum requirement, meaning maybe just $5B in buybacks and $2.5B dividends this year, "although we are somewhat nervous that it or another bank could be failed on a qualitative basis."
    • Still, Staite expects a boost in the quarterly payout to $0.06 per share from a penny.
    • Staite and team upgrade U.S. Bancorp (USB +0.7%) and Wells Fargo (WFC -0.4%) to Neutral from Underweight, citing the large margins by which they passed the stress test.
    • In other financial sector moves, Sterne Agee boosts First Interstate BancSystem (FIBK +6%) to a Buy, citing the benefits of its impending merger with Mountain West Financial. The team also lifts EverBank Financial (EVER +2.4%) to a Buy from Neutral.
    | Mar. 24, 2014, 2:54 PM | 13 Comments
  • Mar. 12, 2013, 5:48 PM
    After-hours top gainers, as of 5:15 p.m.: XNPT +11%. DTSI +8%. ARQL +8%. SGMS +7%. EVER +7%.
    After-hours top losers: SPPI -35%. VELT -26%. KTOS -16%. MUX -8%. TEU -8%.
    | Mar. 12, 2013, 5:48 PM | 3 Comments
  • Nov. 12, 2012, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: SNTA +19.8%. IQNT +18.7%. LPH +10.2%. TSPT +8.9%. CSOD +8.1%.
    After-hours top losers: INFI -8.6%. SCLN -5.5%. EVER -4.4%. GME -4.1%. MWE -3.7%.
    | Nov. 12, 2012, 5:45 PM
Company Description
EverBank Financial Corp. operates as a bank holding company for EverBank, which engages in the provision of banking and financial services. It operates its business through three segments: Consumer Banking, Commercial Banking and Corporate Services. The Consumer Banking includes consumer deposit... More
Sector: Financial
Industry: Money Center Banks
Country: United States