Bofi: Fiscal 4Q Earnings Snapshot
SAN DIEGO (AP) _ BofI Holding Inc. (BOFI) on Tuesday reported fiscal fourth-quarter profit of $37.1 million.
The bank, based in San Diego, said it had earnings of 58 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The bank holding company posted revenue of $135.9 million in the period. Its revenue net of interest expense was $104 million, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $107.8 million.
For the year, the company reported profit of $152.4 million, or $2.36 per share. Revenue was reported as $439.4 million.
Bofi shares have increased 36 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.63, an increase of 48 percent in the last 12 months.