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Tuesday, Mar 19, 2024
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BofI Holding Inc. Reports Q4 Net Income of $29.7 Million

BofI Holding Inc., parent company of BofI Federal Bank, reported net income of $29.7 million for the fiscal quarter ending June 30, up 21.9 percent from the year before.

Earnings per share were 46 cents, compared to 39 cents in 2015. Assets were up 30 percent to $7.6 billion.

CEO Greg Garrabrants said loan growth was “solid” across several of the bank’s lending groups and that fee income growth drove the institution’s 1.75 percent return on assets and 19.43 percent return on equity for the year.

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