SAN DIEGO--(BUSINESS WIRE)--BofI Holding, Inc. (NASDAQ: BOFI) ("BofI"), parent company of BofI Federal Bank, announced that BofI has been recognized as one of the top performing banks in Bank Director’s 2017 Bank Performance Scorecard. BofI placed 2nd out of 117 banks and thrifts traded on the NASDAQ OMX and NYSE exchanges with assets between $5 and $50 billion. This is the third consecutive year BofI received a top-5 ranking in Bank Director’s Bank Performance Scorecard.
Bank Director publishes an annual ranking of the 300 largest publicly traded banks and thrifts based on five metrics that measure profitability, capitalization, and asset quality – core return on average equity (ROAE), core return on average assets (ROAA), the ratio of tangible common equity (TCE) to tangible assets, the ratio of nonperforming assets to total loans and real estate owned, and the ratio of net charge-offs to average loans. The 2017 Bank Performance Scorecard is based on 2016 calendar year data.
About Bank Director
Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Through its quarterly Bank Director magazine, executive-level research, annual conferences, and its website, BankDirector.com, Bank Director reaches the leaders of the institutions that comprise America’s banking industry. Bank Director is headquartered in Brentwood, Tennessee. For more information, please visit BankDirector.com.
About BofI Holding, Inc. and BofI Federal Bank
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 $8.5 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, the S&P SmallCap 600® Index, and the KBW Nasdaq Financial Technology Index. For more information on BofI Federal Bank, please visit bofifederalbank.com.