SAN DIEGO, CA--(Marketwired - Dec 18, 2015) - BofI Holding, Inc. (NASDAQ: BOFI) ("BOFI" or the "Company"), parent company of BofI Federal Bank (the "Bank"), celebrated its ten-year anniversary of trading on the NASDAQ Global Select Market in March 2015. After a successful first decade as a public company, the Company continues to deliver strong results, as exemplified by its record net income in the quarter ended September 30, 2015.
BOFI completed its IPO on March 15, 2005 by selling approximately 3.1 million shares at $11.50 per share, raising over $35 million. Adjusted for the 4-for-1 stock split that went into effect on November 18, 2015, the stock has appreciated by approximately 623% compared to 71% for the S&P 500 index during the comparable timeframe. BOFI's assets have grown from approximately $609.5 million on June 30, 2005 to over $5.8 billion on June 30, 2015, representing a compound annual growth rate of 25%. Total employees have grown from 25 at June 30, 2005 to 467 on June 30, 2015.
About BofI Holding, Inc. and BofI Federal Bank
BofI Holding, Inc. ("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 approximately $6.3 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 Federal Bank, please visit bofifederalbank.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to BofI's financial prospects and other projections of its performance and asset quality, BofI's ability to grow and increase its business, diversify its lending, the outcome and effects of pending class action litigation recently filed against the Company, and the anticipated timing and financial performance of new initiatives. These forward-looking statements are made on the basis of the views and assumptions of management regarding future events and performance as of the date of this press release. Actual results and the timing of events could differ materially from those expressed or implied in such forward-looking statements as a result of risks and uncertainties, including without limitation changes in interest rates, inflation, government regulation, general economic conditions, conditions in the real estate markets in which we operate and other factors beyond our control. These and other risks and uncertainties detailed in BofI's periodic reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those expressed or implied in any forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and BofI undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
