EverBank Financial Corp. (EVER) reported that its fourth-quarter net income available to common shareholders rose to $35.49 million or $0.28 per share from $15.92 million or $0.13 per share in the same period last year.
Excluding the impact of $2.1 million in non-recurring regulatory and other expenses, net of tax, adjusted net income for the quarter would have been $37.62 million, or $0.30 per share. This compares to adjusted net income of $29.69 million or $0.24 per share in the prior-year quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income grew to $147.44 million from $135.04 million in the year-ago quarter, while total non-interest income declined to $75.17 million from $95.71 million last year. Analysts estimated revenues of $228.97 million.
On January 22, 2015, the company's board of directors declared a quarterly cash dividend of $0.04 per common share, payable on February 20, 2015, to stockholders of record as of February 11, 2015.
Also on January 22, 2015, the board declared a quarterly cash dividend of $421.875, payable on April 6, 2015, for each share of 6.75 percent Series A Non-Cumulative Perpetual Preferred Stock held as of March 20, 2015.
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