BofI Holding third quarter earnings climbed to $10,053,000 or $0.74 per share, growing 37.1% from $7,331,000 or $0.58 per share for the same period last year.
The bank’s net income hit a record $10,402,000 f(), up 34.8% from $7,718,000 for the same period last year, the bank posted in its third quarter earnings report.
From the same time a year prior, BofI Holding’s (BOFI) loan portfolio grew 37.6% to $599.6 million.
Similarly, loan originations increased 37.5% to $446.5 million compared to the same period the year prior.
Greg Garrabrants, president and CEO of BofI Holding, said, "For the fifth consecutive quarter, net income has reached a new high as we execute on our strategy to grow and diversify our business."