SAN DIEGO, CA--(Marketwired - May 12, 2015) - BofI Holding, Inc. (NASDAQ: BOFI), parent of BofI Federal Bank, has completed the three-peat, retaining in 2014 SNL Financial's number one ranking as the Best of the Biggest Public Thrifts for the third consecutive year.
SNL Financial ranks the best of the 100 largest public thrifts using six financial metrics that focus on return on average assets, return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share, nonperforming loans to total loans, and net charge-offs to average loans for the 12-month period ended December 31, 2014. Among these metrics, BofI was the 2014 top rated public thrift in terms of median tangible book value per share growth over the past three years.
"It is a great honor to once again be recognized as the top-performing thrift in 2014 -- our three-peat as number one, and seventh consecutive ranking in the top five, illustrates our ability to consistently grow the Bank while maintaining excellent returns, efficiency and credit quality," said Gregory Garrabrants, President and Chief Executive Officer of BofI Holding, Inc., and its subsidiary, BofI Federal Bank. "The consistency and scalability of our business model positions us well to continue delivering superior long-term value for our customers and Shareholders," concluded Mr. Garrabrants.
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.
About BofI Holding, Inc. and BofI Federal Bank
BofI Holding, Inc. (NASDAQ: BOFI) 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 over $5.5 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 Holding, Inc. and BofI Federal Bank, please visit bofiholding.com and bofifederalbank.com.