|By Marketwired .||
|April 29, 2014 06:32 AM EDT||
SAN DIEGO, CA -- (Marketwired) -- 04/29/14 -- BofI Holding, Inc. (NASDAQ: BOFI), parent of BofI Federal Bank, has retained its ranking as the best performing thrift for 2013 and was named the best of the 100 biggest public thrifts by asset size for 2013 as announced by SNL Financial on April 24, 2014. SNL Financial previously named BOFI the top-performing thrift for the year 2012, up from the number two position in 2011 and 2010.
SNL Financial ranks the best of the 100 largest public thrifts using six financial metrics that focus on return on average assets, return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share, nonperforming loans to total loans, and net charge-offs to average loans for the 12-month period ended December 31, 2013.
"Once again we are honored by this recognition -- a number one finish for the second year in a row and a top five finish over previous years is indicative of the strength and efficiency of our business model," said Gregory Garrabrants, President and Chief Executive Officer of BofI Holding, Inc., and its subsidiary, BofI Federal Bank. "The most important objective of our business model is to create superior long-term value for our customers and stockholders and we are well-positioned to continue to meet this goal," concluded Mr. Garrabrants.
SNL Financial 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. and BofI Federal Bank
BofI Holding, Inc. (NASDAQ: 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 $3.6 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 3000 Index and the S&P SmallCap 600® Index.