SAN DIEGO--(BUSINESS WIRE)--BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of BofI Federal Bank, announced today that it was recognized by S&P Global Market Intelligence as the second-best performing public thrift in 2017.
S&P Global Market Intelligence ranks the 50 largest public thrifts using six financial metrics that focus on return on average assets (“ROAA”), return on average tangible common equity (“ROATCE”), efficiency ratio, median three-year growth rate in tangible book value per share (“TBVPS”), nonperforming loans-to-total loans and net charge-offs to average loans for the 12-month period ended December 31, 2017. Among these metrics, BofI ranked first in ROAA and second in tangible book value per share growth.
“We are proud to be recognized as a top-performing institution by S&P Global,” stated Greg Garrabrants, President and Chief Executive Officer of BofI Holding, Inc. “This is the 10th consecutive year we have been ranked in the top five. Our focus on serving clients through an efficient, service-oriented operating model has enabled us to grow profitably through a variety of credit and interest rate cycles.”
S&P Global Market Intelligence 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.
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 $8.9 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.