EverBank announces record year-to-date earnings, record deposits, and
record capital

11/06/2008

Jacksonville, FL - EverBank^® Financial Corp today announced third-quarter net income of $5.3 million, an increase of 12% over the $4.7 million recorded in the year-ago period. The company has experienced record year-to-date earnings from continuing operations of $23.9 million, an 11% increase over the $21.5 million recorded in the year-ago period. Total company earnings also reached a year-to-date record of $50.1 million, a 129% increase over the first three quarters of 2007. EverBank's assets grew 8% during the quarter to over $6.5 billion. Deposits grew by $392 million, the largest quarterly growth in company history, to over $4.4 billion.

“The capital, liquidity and financial position of EverBank continues to be extremely strong and has positioned the company for continued success in today's turbulent market,” stated Rob Clements, Chairman and CEO of EverBank Financial Corp. “Our record year-to-date performance exemplifies the importance we place on disciplined risk management and diversification. Our strong deposit growth reflects customers' continuing confidence in the safety and soundness of EverBank's high-value direct banking franchise. Going forward, we expect future earnings to benefit from the full deployment of the nearly $130 million of growth capital raised earlier this year from Sageview and existing shareholders.”