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Monday, Mar 18, 2024
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BofI Holding Inc. Reports Q2 Net Income of $28.1 Million

BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $28.1 million for the fiscal quarter ending Dec. 31, up 45 percent from the year before.

Earnings per share were 44 cents, compared to 31 cents in 2014. Assets were up 28 percent to $6.6 billion.

CEO Greg Garrabrants said the first full quarter of integrating H&R Block’s banking business last year was successful, adding high margin fee income. Small balance commercial real estate and commercial and industrial lending were also growing quickly and may expand geographically, he said.

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