TIAA FSB 8-K EverBank Financial Corp Announces Second Quarter 2012 Financial Results and Initiation of Quarterly Dividend

Exhibit 99.2

EverBank Financial Corp and Subsidiaries

Quarterly Financial Tables

June 30, 2012

Table of Contents

Table 1	Financial Highlights
Table 2	Consolidated Statements of Income
Table 3	Consolidated Balance Sheets
Table 4	Average Balances and Interest Rates
Table 5	General and Administrative Expense
Table 6a	Investment Securities
Table 6b	Loans and Leases Held for Investment
Table 6c	Deposits
Table 7	Non-Performing Assets
Table 8	Credit Reserves
	Table 8a	Allowance for Loan and Lease Losses Activity
	Table 8b	Allowance for Loan and Lease Losses Ratios
	Table 8c	Reserves for Repurchase Obligations for Loans Sold or Securitized
	Table 8d	Reserves for Repurchase Obligations for Loan Serviced
Table 9	Business Segments Selected Financial Information
Table 10	Reconciliation of Non-GAAP Measures
	Table 10a	Adjusted Net Income
	Table 10b	Tangible Equity, Adjusted Tangible Equity and Tangible Assets
	Table 10c	Core Deposits
	Table 10d	Regulatory Capital (bank level)

EverBank Financial Corp and Subsidiaries
Financial Highlights														Table 1
	As of and for the Three Months Ended									As of and for the Six Months Ended
(dollars in thousands, except per share amounts)	June 30, 2012			March 31, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Operating Results:
Net interest income	$	124,984		$	115,623		$	112,910		$	240,607		$	226,603
Provision for loan and lease losses		5,757			11,355			9,004			17,112			27,034
Noninterest income		74,123			73,193			52,933			147,316			118,785
Noninterest expense		175,783			158,821			121,711			334,604			266,950
Net income		11,172			11,846			21,795			23,018			31,211
Net earnings per common share, basic		0.09			0.08			0.23			0.17			0.33
Net earnings per common share, diluted		0.09			0.08			0.23			0.17			0.32
Performance Metrics:
Adjusted net income(1)	$	36,462		$	27,254		$	25,492		$	63,716		$	50,027
Adjusted net earnings per common share, basic(2)		0.34			0.29			0.27			0.63			0.53
Adjusted net earnings per common share, diluted(2)		0.33			0.28			0.26			0.62			0.51
Yield on interest-earning assets		4.80	%		4.96	%		5.52	%		4.88	%		5.58	%
Cost of interest-bearing liabilities		1.11			1.16			1.45			1.14			1.49
Net interest spread		3.69			3.80			4.07			3.74			4.09
Net interest margin		3.86			3.97			4.22			3.91			4.28
Return on average assets		0.31			0.36			0.73			0.33			0.52
Return on average equity		4.11			4.81			8.50			4.41			6.08
Adjusted return on average assets(3)		1.01			0.83			0.85			0.93			0.84
Adjusted return on average equity(3)		13.41			11.05			9.94			12.22			9.75
Credit Quality Ratios:
Adjusted non-performing assets as a percentage of total assets(4)		1.46	%		1.63	%		1.64	%		1.46	%		1.64	%
ALLL as a percentage of loans and leases held for investment (excluding ASC 310-30)(5)		0.85			0.94			1.42			0.85			1.42
Capital Ratios:
Tier 1 leverage ratio (bank level)(6)		8.3	%		7.7	%		8.3	%		8.3	%		8.3	%
Tier 1 risk-based capital ratio (bank level)(7)		14.8			14.5			15.2			14.8			15.2
Total risk-based capital ratio (bank level)(8)		15.8			15.2			16.4			15.8			16.4
Tangible equity to tangible assets(9)		7.8			7.1			8.1			7.8			8.1
Deposit Metrics:
Total core deposits as a percentage of total deposits(10)		95.6	%		95.5	%		97.8	%		95.6	%		97.8	%
Deposit growth (trailing 12 months)		8.7			9.0			10.5			8.7			10.5
Banking and Wealth Management Metrics:
Efficiency ratio(11)		53.8	%		45.2	%		38.2	%		49.7	%		43.7	%
Mortgage Banking Metrics:
Unpaid principal balance of loans originated	$	2,260,008		$	1,906,275		$	1,192,630		$	4,166,283		$	2,412,546
Unpaid principal balance of loans serviced for the Company and others		53,274,421			53,645,997			56,872,149			53,274,421			56,872,149
Net Tangible Book Value Per as Converted Common Share:
Excluding accumulated other comprehensive loss(12)	$	10.97		$	11.35		$	11.03		$	10.97		$	11.03
Including accumulated other comprehensive loss(13)		10.00			10.40			10.77			10.00			10.77
Market Price Per Share of Common Stock:
Closing	$	10.87								$	10.87
High		12.32									12.32
Low		10.23									10.23
Period End Balance Sheet Data:
Cash and cash equivalents	$	518,232		$	384,723		$	683,590		$	518,232		$	683,590
Investment securities		2,174,423			2,228,305			2,930,412			2,174,423			2,930,412
Loans held for sale		3,178,597			2,530,966			792,396			3,178,597			792,396
Loans and leases held for investment, net		7,708,037			7,244,933			6,767,036			7,708,037			6,767,036
Total assets		15,040,824			13,774,821			12,520,174			15,040,824			12,520,174
Deposits		10,803,743			10,552,960			9,936,454			10,803,743			9,936,454
Total liabilities		13,859,455			12,780,132			11,492,489			13,859,455			11,492,489
Total shareholders’ equity		1,181,369			994,689			1,027,685			1,181,369			1,027,685

See Notes to Financial Highlights

EverBank Financial Corp and Subsidiaries

Financial Highlights - Notes

(1)	Adjusted net income includes adjustments to our net income for certain material items that we believe are not reflective of our ongoing business or operating performance, including the Tygris and Bank of Florida acquisitions. For a reconciliation of adjusted net income to net income, which is the most directly comparable GAAP measure, see Table 10a.
(2)	Both basic and diluted adjusted net earnings per common share are calculated using a numerator based on adjusted net income. Adjusted net earnings per common share, basic is a non-GAAP financial measure and its most directly comparable GAAP measure is net earnings per common share, basic. Adjusted net earnings per common share, diluted is a non-GAAP financial measure and its most directly comparable GAAP measure is net earnings per common share, diluted. For 2012, both basic and diluted adjusted net earnings per common share have been adjusted to exclude the impact of the $4.5 million special cash dividend paid in March 2012 to holders of the Series A Preferred Stock and the $1.1 million special cash dividend paid in June 2012 to holders of the Series B Preferred Stock. These special cash dividends were paid in connection with the conversion of all shares of both the Series A Preferred Stock and the Series B Preferred Stock into common stock.
(3)	Adjusted return on average assets equals adjusted net income divided by average total assets and adjusted return on average equity equals adjusted net income divided by average shareholders’ equity. Adjusted net income is a non-GAAP measure of our financial performance and its most directly comparable GAAP measure is net income. For a reconciliation of net income to adjusted net income, see Table 10a.
(4)	We define non-performing assets, or NPA, as non-accrual loans, accruing loans past due 90 days or more and foreclosed property. Our NPA calculation excludes government-insured pool buyout loans for which payment is insured by the government. We also exclude loans and foreclosed property acquired in the Bank of Florida acquisition accounted for under ASC 310-30 because, as of June 30, 2012, we expected to fully collect the carrying value of such loans and foreclosed property. For more detailed information on NPA, see Table 7.
(5)	ALLL as a percentage of loans and leases held for investment (excluding ASC 310-30) equals the ALLL excluding the portion related to loans and leases accounted for under ASC 310-30 divided by loans and leases held for investment excluding loans and leases accounted for under ASC 310-30. For more detailed information on the ALLL, see Table 8a and Table 8b.
(6)	Calculated as Tier 1 capital divided by adjusted total assets. Total assets are adjusted for goodwill, deferred tax assets disallowed from Tier 1 capital and other regulatory adjustments. For more detailed information on regulatory capital, see Table 10d.
(7)	Calculated as Tier 1 capital divided by total risk-weighted assets. Under the regulatory guidelines for risk-based capital, on-balance sheet assets and credit equivalent amounts of derivatives and off-balance sheet items are assigned to one of several broad risk categories according to the obligor or, if relevant, the guarantor or the nature of any collateral. The aggregate dollar amount in each risk category is then multiplied by the risk weight associated with that category. The resulting weighted values from each of the risk categories are aggregated for determining total risk-weighted assets. For more detailed information on regulatory capital, see Table 10d.
(8)	Calculated as total risk-based capital divided by total risk-weighted assets. Risk-based capital includes Tier 1 capital, allowance for loan and lease losses, subject to limitations, and other regulatory adjustments. For more detailed information on regulatory capital, see Table 10d.
(9)	Calculated as tangible shareholders’ equity divided by tangible assets, after deducting goodwill and intangible assets from the numerator and the denominator. Tangible equity to tangible assets is a non-GAAP financial measure, and the most directly comparable GAAP financial measure for tangible equity is shareholders’ equity and the most directly comparable GAAP financial measure for tangible assets is total assets. For a reconciliation tangible equity to shareholders’ equity and a reconciliation of tangible assets to total assets, see Table 10b.
(10)	We measure core deposits as a percentage of total deposits to monitor the amount of our deposits that we believe demonstrate characteristics of being long-term, stable sources of funding. We define core deposits as deposits in which we interface directly with our customers. These deposits include demand deposits, negotiable order of withdrawal accounts, other transaction accounts, escrow deposits, money market deposit accounts, savings deposits, and time deposits where we maintain a primary customer relationship. Our definition of core deposits differs from regulatory and industry definitions, which generally exclude time deposits with balances greater than $100,000 and/or deposits generated from sources under which marketing fees are paid as a percentage of the deposit. Because the balances held by our customers and methods by which we pay our marketing sources have not impacted the stability of our funding sources, in our determination of what constitutes a “core” deposit, we have focused on what we believe drives funding stability, i.e., whether we maintain the primary customer relationships. We occasionally participate in Promontory Interfinancial Network, LLC’s CDARS One-Way BuySM products and bulk orders of master certificates through deposit brokers, including investment banking and brokerage firms, to manage our liquidity needs. Because these deposits do not allow us to maintain the primary customer relationship, we do not characterize such deposits as core deposits. For a reconciliation of core deposits to total deposits, see Table 10c.
(11)	The efficiency ratio represents noninterest expense from our Banking and Wealth Management segment as a percentage of total revenues from our Banking and Wealth Management segment. We use the efficiency ratio to measure noninterest costs expended to generate a dollar of revenue. Because of the significant costs we incur and fees we generate from activities related to our mortgage production and servicing operations, we believe the efficiency ratio is a more meaningful metric when evaluated within our Banking and Wealth Management segment. For additional information on the efficiency ratio, see Table 9.
(12)	Calculated as adjusted tangible shareholders’ equity divided by shares of common stock. Adjusted tangible shareholders’ equity equals shareholders’ equity less goodwill, other intangible assets and accumulated other comprehensive loss (see Table 10b). Net tangible book value per as converted common share is calculated using a denominator that includes actual period end common shares outstanding and additional common shares assuming conversion of all outstanding preferred stock to common stock. Net tangible book value per as converted common share excluding accumulated other comprehensive loss is a non-GAAP financial measure, and its most directly comparable GAAP financial measure is book value per common share.
(13)	Calculated as tangible shareholders’ equity divided by shares of common stock. Tangible shareholders’ equity equals shareholders’ equity less goodwill and other intangible assets (see Table 10b). Net tangible book value per as converted common share is calculated using a denominator that includes actual period end common shares outstanding and additional common shares assuming conversion of all outstanding preferred stock to common stock. Net tangible book value per as converted common share including accumulated other comprehensive loss is a non-GAAP financial measure, and its most directly comparable GAAP financial measure is book value per common share.

EverBank Financial Corp and Subsidiaries
Consolidated Statements of Income														Table 2
	Three Months Ended									Six Months Ended
(dollars in thousands, except per share data)	June 30, 2012			March 31, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Interest Income
Interest and fees on loans and leases	$	135,816		$	124,778		$	118,527		$	260,594		$	241,520
Interest and dividends on investment securities		20,699			20,549			29,333			41,248			55,577
Other interest income		82			104			273			186			1,115
Total interest income		156,597			145,431			148,133			302,028			298,212
Interest Expense
Deposits		20,419			20,974			25,410			41,393			51,600
Other borrowings		11,194			8,834			9,813			20,028			20,009
Total interest expense		31,613			29,808			35,223			61,421			71,609
Net Interest Income		124,984			115,623			112,910			240,607			226,603
Provision for loan and lease losses		5,757			11,355			9,004			17,112			27,034
Net Interest Income after Provision for Loan and Lease Losses		119,227			104,268			103,906			223,495			199,569
Noninterest Income
Loan servicing fee income		42,483			45,556			46,757			88,039			95,633
Amortization and impairment of mortgage servicing rights		(64,277	)		(44,483	)		(21,429	)		(108,760	)		(44,217	)
Net loan servicing income (loss)		(21,794	)		1,073			25,328			(20,721	)		51,416
Gain on sale of loans		69,926			48,177			5,456			118,103			18,933
Loan production revenue		9,852			7,437			5,588			17,289			11,995
Deposit fee income		5,828			6,239			6,435			12,067			11,595
Other lease income		8,822			8,663			8,336			17,485			15,068
Other		1,489			1,604			1,790			3,093			9,778
Total noninterest income		74,123			73,193			52,933			147,316			118,785
Noninterest Expense
Salaries, commissions and other employee benefits expense		76,277			66,590			56,321			142,867			113,694
Equipment expense		16,889			15,948			11,709			32,837			22,469
Occupancy expense		6,017			5,349			5,031			11,366			9,571
General and administrative expense		76,600			70,934			48,650			147,534			121,216
Total noninterest expense		175,783			158,821			121,711			334,604			266,950
Income before Income Taxes		17,567			18,640			35,128			36,207			51,404
Provision for Income Taxes		6,395			6,794			13,333			13,189			20,193
Net Income	$	11,172		$	11,846		$	21,795		$	23,018		$	31,211
Net Income Allocated to Participating Preferred Stock	$	1,685		$	5,879		$	4,417		$	7,664		$	6,824
Net Income Allocated to Common Shareholders	$	9,487		$	5,967		$	17,378		$	15,354		$	24,387
Net Earnings per Common Share, Basic	$	0.09		$	0.08		$	0.23		$	0.17		$	0.33
Net Earnings per Common Share, Diluted	$	0.09		$	0.08		$	0.23		$	0.17		$	0.32

EverBank Financial Corp and Subsidiaries
Consolidated Balance Sheets														Table 3
(dollars in thousands, except per share data)	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011
Assets
Cash and due from banks	$	39,689		$	29,142		$	31,441		$	58,231		$	30,461
Interest-bearing deposits in banks		478,543			355,581			263,540			401,047			653,129
Total cash and cash equivalents		518,232			384,723			294,981			459,278			683,590
Investment securities:
Available for sale, at fair value		1,850,526			1,937,748			1,903,922			2,387,672			2,656,412
Held to maturity		190,615			190,642			189,518			183,518			186,216
Other investments		133,282			99,915			98,392			79,906			87,784
Total investment securities		2,174,423			2,228,305			2,191,832			2,651,096			2,930,412
Loans held for sale		3,178,597			2,530,966			2,725,286			1,792,687			792,396
Loans and leases held for investment:
Covered by loss share or indemnification agreements		727,708			788,129			841,146			911,756			990,984
Not covered by loss share or indemnification agreements		7,057,722			6,535,058			5,678,135			5,369,735			5,865,261
Loans and leases held for investment, net of unearned income		7,785,430			7,323,187			6,519,281			6,281,491			6,856,245
Allowance for loan and lease losses		(77,393	)		(78,254	)		(77,765	)		(83,827	)		(89,209	)
Total loans and leases held for investment, net		7,708,037			7,244,933			6,441,516			6,197,664			6,767,036
Equipment under operating leases, net		61,811			67,899			56,399			42,954			35,283
Mortgage servicing rights (MSR), net		415,962			462,420			489,496			519,828			553,319
Deferred income taxes, net		163,561			143,218			151,634			127,282			106,333
Premises and equipment, net		52,037			45,744			43,738			43,186			41,767
Other assets		768,164			666,613			646,796			716,789			610,038
Total Assets	$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764		$	12,520,174
Liabilities
Deposits
Noninterest-bearing	$	1,356,769		$	1,367,592		$	1,234,615		$	1,284,567		$	958,919
Interest-bearing		9,446,974			9,185,368			9,031,148			8,922,378			8,977,535
Total deposits		10,803,743			10,552,960			10,265,763			10,206,945			9,936,454
Other borrowings		2,503,636			1,706,298			1,257,879			782,287			1,117,649
Trust preferred securities		103,750			103,750			103,750			103,750			103,750
Accounts payable and accrued liabilities		448,326			417,124			446,621			484,074			334,636
Total Liabilities		13,859,455			12,780,132			12,074,013			11,577,056			11,492,489
Shareholders’ Equity
Series A 6% Cumulative Convertible Preferred Stock		—			—			2			2			2
Series B 4% Cumulative Convertible Preferred Stock		—			1			1			1			1
Common Stock		1,165			780			751			750			750
Additional paid-in capital		762,422			562,327			561,247			560,547			559,650
Retained earnings		530,876			520,777			513,413			499,711			492,010
Accumulated other comprehensive loss		(113,094	)		(89,196	)		(107,749	)		(87,303	)		(24,728	)
Total Shareholders’ Equity		1,181,369			994,689			967,665			973,708			1,027,685
Total Liabilities and Shareholders’ Equity	$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764		$	12,520,174

EverBank Financial Corp and Subsidiaries
Average Balances and Interest Rates																				Table 4
	Three Months Ended June 30, 2012							Three Months Ended March 31, 2012							Three Months Ended June 30, 2011
(dollars in thousands)	Average Balance		Interest		Yield/ Rate			Average Balance		Interest		Yield/ Rate			Average Balance		Interest		Yield/ Rate
Assets:
Interest-earning assets:
Cash and cash equivalents	$	128,325	$	82		0.26	%	$	165,116	$	104		0.25	%	$	377,885	$	273		0.29	%
Investment securities		2,108,672		20,137		3.82	%		2,083,922		20,271		3.89	%		2,812,637		29,093		4.14	%
Other investments		122,919		562		1.84	%		98,531		278		1.13	%		99,257		240		0.97	%
Loans held for sale		2,974,918		37,446		5.03	%		2,706,953		33,949		5.02	%		946,928		10,258		4.33	%
Loans and leases held for investment:
Residential mortgages		5,225,570		53,390		4.09	%		4,683,368		48,088		4.11	%		4,658,553		56,734		4.87	%
Commercial and commercial real estate		1,642,813		20,324		4.89	%		1,179,988		16,446		5.51	%		1,139,831		17,391		6.04	%
Lease financing receivables		621,667		21,298		13.70	%		583,479		23,866		16.36	%		461,647		31,900		27.64	%
Home equity lines		191,673		3,297		6.92	%		197,819		2,370		4.82	%		214,275		2,183		4.09	%
Consumer and credit card		8,045		61		3.05	%		7,859		59		3.02	%		8,464		61		2.89	%
Total loans and leases held for investment		7,689,768		98,370		5.11	%		6,652,513		90,829		5.45	%		6,482,770		108,269		6.67	%
Total interest-earning assets		13,024,602	$	156,597		4.80	%		11,707,035	$	145,431		4.96	%		10,719,477	$	148,133		5.52	%
Noninterest-earning assets		1,437,511							1,352,553							1,291,218
Total assets	$	14,462,113						$	13,059,588						$	12,010,695
Liabilities and Shareholders’ Equity:
Interest-bearing liabilities:
Deposits:
Interest-bearing demand	$	2,123,862	$	3,816		0.72	%	$	2,107,758	$	3,740		0.71	%	$	2,045,153	$	4,902		0.96	%
Market-based money market accounts		435,496		823		0.76	%		450,688		852		0.76	%		451,856		1,128		1.00	%
Savings and money market accounts, excluding market-based		3,861,879		7,266		0.76	%		3,772,238		7,048		0.75	%		3,646,237		9,057		1.00	%
Market-based time		851,735		1,905		0.90	%		901,188		2,364		1.06	%		965,349		2,184		0.91	%
Time, excluding market-based		1,940,577		6,609		1.37	%		1,906,910		6,970		1.47	%		1,801,358		8,139		1.81	%
Total deposits		9,213,549		20,419		0.89	%		9,138,782		20,974		0.92	%		8,909,953		25,410		1.14	%
Borrowings:
Trust preferred securities		103,750		1,607		6.23	%		103,750		1,418		5.50	%		103,750		1,684		6.51	%
FHLB advances		2,068,750		9,500		1.85	%		1,062,178		7,329		2.78	%		715,414		8,043		4.51	%
Repurchase agreements		20,283		87		1.73	%		22,295		87		1.57	%		20,601		86		1.67	%
Other		—		—		0.00	%		36		—		0.00	%		—		—		0.00	%
Total interest-bearing liabilities		11,406,332		31,613		1.11	%		10,327,041		29,808		1.16	%		9,749,718		35,223		1.45	%
Noninterest-bearing demand deposits		1,462,506							1,304,715							915,186
Other noninterest-bearing liabilities		505,365							441,703							315,899
Total liabilities		13,374,203							12,073,459							10,980,803
Total shareholders’ equity		1,087,910							986,129							1,029,892
Total liabilities and shareholders’ equity	$	14,462,113						$	13,059,588						$	12,010,695
Net interest income/spread			$	124,984		3.69	%			$	115,623		3.80	%			$	112,910		4.07	%
Net interest margin						3.86	%						3.97	%						4.22	%

(1) The average balances are principally daily averages, and, for loans, include both performing and non-performing balances.

(2) Interest income on loans includes the effects of discount accretion and net deferred loan origination costs accounted for as yield adjustments.

(3) All interest income was fully taxable for all periods presented.

EverBank Financial Corp and Subsidiaries
General and Administrative Expense	Table 5

	Three Months Ended										Six Months Ended
(dollars in thousands)	June 30, 2012		March 31, 2012		December 31, 2011		September 30, 2011		June 30, 2011		June 30, 2012		June 30, 2011
Professional fees	$	19,319	$	15,610	$	18,584	$	16,398	$	13,187	$	34,929	$	28,885
Credit-related expenses:
Foreclosure and OREO expense		14,969		10,959		11,309		3,333		8,764		25,928		20,664
Other credit-related expenses		5,806		11,810		8,585		13,883		9,556		17,616		25,076
FDIC premium assessment and other agency fees		9,352		9,261		6,397		12,402		4,961		18,613		10,233
Advertising and marketing expense		8,646		5,907		5,360		4,175		3,707		14,553		8,132
Other		18,508		17,387		17,083		12,792		8,475		35,895		28,226
Total general and administrative expense	$	76,600	$	70,934	$	67,318	$	62,983	$	48,650	$	147,534	$	121,216

EverBank Financial Corp and Subsidiaries
Investment Securities														Table 6a
(dollars in thousands)	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011
Available for sale (at fair value):
Residential collateralized mortgage obligation (CMO) securities - agency	$	77		$	87		$	104		$	242,916		$	441,974
Residential CMO securities - nonagency		1,842,331			1,929,794			1,895,818			2,136,518			2,206,203
Residential mortgage-backed securities (MBS) - agency		281			308			338			373			421
Other		7,837			7,559			7,662			7,865			7,814
Total investment securities available for sale		1,850,526			1,937,748			1,903,922			2,387,672			2,656,412
Held to maturity (at amortized cost):
Residential CMO securities - agency		146,163			151,919			159,882			156,491			160,687
Residential MBS - agency		34,176			28,263			19,132			22,041			20,543
Other		10,276			10,460			10,504			4,986			4,986
Total investment securities held to maturity		190,615			190,642			189,518			183,518			186,216
Other investments		133,282			99,915			98,392			79,906			87,784
Total investment securities	$	2,174,423		$	2,228,305		$	2,191,832		$	2,651,096		$	2,930,412
Loans and Leases Held for Investment														Table 6b
(dollars in thousands)	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011
Residential mortgages	$	5,060,942		$	5,277,707		$	4,556,841		$	4,394,958		$	5,025,395
Commercial and commercial real estate		1,846,689			1,237,376			1,165,384			1,153,781			1,133,500
Lease financing receivables		681,205			605,763			588,501			518,483			476,038
Home equity lines		188,820			195,178			200,112			205,865			210,654
Consumer and credit card		7,774			7,163			8,443			8,404			10,658
Loans and leases held for investment, net of unearned income		7,785,430			7,323,187			6,519,281			6,281,491			6,856,245
Allowance for loan and lease losses		(77,393	)		(78,254	)		(77,765	)		(83,827	)		(89,209	)
Total loans and leases held of investment, net	$	7,708,037		$	7,244,933		$	6,441,516		$	6,197,664		$	6,767,036
The balances presented above include:
Net purchased loan and lease discounts	$	180,779		$	203,100		$	237,170		$	252,937		$	266,517
Net deferred loan and lease origination costs	$	20,366		$	20,202		$	19,057		$	17,059		$	14,993
Deposits														Table 6c
(dollars in thousands)	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011
Noninterest-bearing demand	$	1,356,769		$	1,367,592		$	1,234,615		$	1,284,567		$	958,919
Interest-bearing demand		2,158,937			2,123,042			2,124,306			2,065,199			2,040,866
Market-based money market accounts		434,015			444,667			455,204			487,914			466,477
Savings and money market accounts, excluding market-based		3,959,874			3,817,780			3,759,045			3,772,368			3,676,378
Market-based time		832,474			883,372			901,053			942,906			1,004,300
Time, excluding market-based		2,061,674			1,916,507			1,791,540			1,653,991			1,789,514
Total deposits	$	10,803,743		$	10,552,960		$	10,265,763		$	10,206,945		$	9,936,454

EverBank Financial Corp and Subsidiaries
Non-Performing Assets (1)														Table 7
(dollars in thousands)	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011
Non-accrual loans and leases:
Residential mortgages	$	66,956		$	74,810		$	81,594		$	74,194		$	65,130
Commercial and commercial real estate		95,882			89,576			104,829			92,966			88,086
Lease financing receivables		1,295			1,861			2,385			1,745			1,986
Home equity lines		4,256			3,771			4,251			3,803			2,730
Consumer and credit card		573			571			419			471			641
Total non-accrual loans and leases		168,962			170,589			193,478			173,179			158,573
Accruing loans 90 days or more past due		1,800			5,119			6,673			4,808			4,584
Total non-performing loans (NPL)		170,762			175,708			200,151			177,987			163,157
Other real estate owned (OREO)		49,248			49,304			42,664			39,431			42,081
Total non-performing assets (NPA)		220,010			225,012			242,815			217,418			205,238
Troubled debt restructurings (TDR) less than 90 days past due		93,184			92,954			92,628			89,129			79,242
Total NPA and TDR(1)	$	313,194		$	317,966		$	335,443		$	306,547		$	284,480
Total NPA and TDR	$	313,194		$	317,966		$	335,443		$	306,547		$	284,480
Government-insured 90 days or more past due still accruing		1,647,567			1,530,665			1,570,787			883,478			762,461
Bank of Florida loans accounted for under ASC 310-30:
90 days or more past due		140,797			146,379			149,743			159,767			190,544
OREO		20,379			22,852			19,456			19,616			22,566
Total regulatory NPA and TDR	$	2,121,937		$	2,017,862		$	2,075,429		$	1,369,408		$	1,260,051
Adjusted credit quality ratios excluding government-insured loans and loans accounted for under ASC 310-30:(1)
NPL to total loans		1.57	%		1.80	%		2.18	%		2.23	%		2.16	%
NPA to total assets		1.46			1.63			1.86			1.73			1.64
NPA and TDR to total assets		2.08			2.31			2.57			2.44			2.27
Credit quality ratios including government-insured loans and loans accounted for under ASC 310-30:
NPL to total loans		18.00	%		18.95	%		20.95	%		15.28	%		14.77	%
NPA to total assets		13.49			13.97			15.20			10.20			9.43
NPA and TDR to total assets		14.11			14.65			15.91			10.91			10.06

(1) We define non-performing assets, or NPA, as non-accrual loans, accruing loans past due 90 days or more and foreclosed property. Our NPA calculation excludes government-insured pool buyout loans for which payment is insured by the government. We also exclude loans and foreclosed property acquired in the Bank of Florida acquisition accounted for under ASC 310-30 because as of June 30, 2012, we expected to fully collect the carrying value of such loans and foreclosed property.

EverBank Financial Corp and Subsidiaries
Allowance for Loan and Lease Losses Activity	Table 8a

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollars in thousands)	2012			2012			2011			2011			2011
ALLL, beginning of period	$	78,254		$	77,765		$	83,827		$	89,209		$	89,659
Charge-offs:
Residential mortgages		4,139			6,694			12,242			9,778			5,406
Commercial and commercial real estate		1,710			2,294			2,475			6,058			1,825
Lease financing receivables		917			1,181			770			1,473			1,032
Home equity lines		484			1,108			1,727			763			1,144
Consumer and credit card		40			11			12			41			138
Total charge-offs		7,290			11,288			17,226			18,113			9,545
Recoveries:
Residential mortgages		162			143			23			12			6
Commercial and commercial real estate		411			168			649			792			65
Lease financing receivables		29			36			65			38			5
Home equity lines		55			61			11			2			10
Consumer and credit card		15			14			14			16			5
Total recoveries		672			422			762			860			91
Net charge-offs		6,618			10,866			16,464			17,253			9,454
Provision for loan and lease losses		5,757			11,355			10,412			12,258			9,004
Other		—			—			(10	)		(387	)		—
ALLL, end of period	$	77,393		$	78,254		$	77,765		$	83,827		$	89,209
Net charge-offs to average loans held for investment		0.34	%		0.65	%		1.03	%		1.03	%		0.58	%
Allowance for Loan and Lease Losses Ratios													Table 8b
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollars in thousands)	2012			2012			2011			2011			2011
ALLL		77,393			78,254			77,765			83,827			89,209
Loans and leases held for investment		7,785,430			7,323,187			6,519,281			6,281,491			6,856,245
ALLL as a percentage of loans and leases held for investment		0.99	%		1.07	%		1.19	%		1.33	%		1.30	%
ALLL excluding portion related to loans and leases accounted for under ASC 310-30		57,075			58,625			61,776			71,799			78,135
Loans and leases held for investment excluding loans and leases accounted for under ASC 310-30		6,719,271			6,223,630			5,360,105			5,074,761			5,512,199
ALLL as a percentage of loans and leases held for investment (excluding ASC 310-30)		0.85	%		0.94	%		1.15	%		1.41	%		1.42	%
Reserves for Repurchase Obligations for Loans Sold or Securitized													Table 8c
	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollars in thousands)	2012			2012			2011			2011			2011
Loan origination repurchase reserves, beginning of period	$	35,000		$	32,000		$	33,001		$	33,209		$	31,998
Provision for new sales/securitizations		306			384			139			19			529
Provision for changes in estimate of existing reserves		1,121			5,850			1,198			2,617			4,914
Net realized losses on repurchases		(2,427	)		(3,234	)		(2,338	)		(2,844	)		(4,232	)
Loan origination repurchase reserves, end of period	$	34,000		$	35,000		$	32,000		$	33,001		$	33,209
Quarters of coverage at trailing 4 quarter realized loss rate		13			11			10
Reserves for Repurchase Obligations for Loans Serviced													Table 8d
	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollars in thousands)	2012			2012			2011			2011			2011
Loan servicing repurchase reserves, beginning of period	$	30,427		$	30,364		$	28,799		$	25,144		$	28,450
Provision for change in estimate of existing reserves		2,868			3,031			6,280			10,122			1,980
Net realized losses on repurchases		(5,655	)		(2,968	)		(4,715	)		(6,467	)		(5,286	)
Loan servicing repurchase reserves, end of period	$	27,640		$	30,427		$	30,364		$	28,799		$	25,144
Quarters of coverage at trailing 4 quarter realized loss rate		6			6			7

EverBank Financial Corp and Subsidiaries
Business Segments Selected Financial Information	Table 9

(dollars in thousands)	Banking and Wealth Management			Mortgage Banking			Corporate Services			Eliminations			Consolidated
Three Months Ended June 30, 2012
Net interest income	$	114,801		$	11,790		$	(1,607	)	$	—		$	124,984
Provision for loan and lease losses		5,041			716			—			—			5,757
Net interest income after provision for loan and lease losses		109,760			11,074			(1,607	)		—			119,227
Noninterest income		25,605			48,524			(6	)		—			74,123
Noninterest expense:
Foreclosure and OREO expense		12,378			2,591			—			—			14,969
Other credit-related expenses		1,604			4,193			9			—			5,806
All other noninterest expense		61,564			60,686			32,758			—			155,008
Income (loss) before income tax		59,819			(7,872	)		(34,380	)		—			17,567
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount		747			—			—			—			747
MSR impairment		—			30,135			—			—			30,135
Transaction and non-recurring regulatory related expense		—			5,461			4,448			—			9,909
Adjusted income (loss) before income tax		60,566			27,724			(29,932	)		—			58,358
Total assets as of June 30, 2012		13,327,046			1,902,152			124,406			(312,780	)		15,040,824
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO expenses and other credit-related expenses		53.8	%											88.3	%
excluding foreclosure, OREO expenses and other credit-related expenses		43.8	%											77.9	%
Adjusted basis:
including foreclosure, OREO expenses and other credit-related expenses		53.8	%											72.4	%
excluding foreclosure, OREO expenses and other credit-related expenses		43.8	%											63.3	%
Three Months Ended March 31, 2012
Net interest income	$	106,545		$	10,496		$	(1,418	)	$	—		$	115,623
Provision for loan and lease losses		10,315			1,040			—			—			11,355
Net interest income after provision for loan and lease losses		96,230			9,456			(1,418	)		—			104,268
Noninterest income		25,228			47,873			92			—			73,193
Noninterest expense:
Foreclosure and OREO expense		7,962			2,997			—			—			10,959
Other credit-related expenses		(183	)		11,990			3			—			11,810
All other noninterest expense		51,846			56,864			27,342			—			136,052
Income (loss) before income tax		61,833			(14,522	)		(28,671	)		—			18,640
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount		3,444			—			—			—			3,444
MSR impairment		—			15,144			—			—			15,144
Transaction and non-recurring regulatory related expense		—			4,722			1,542			—			6,264
Adjusted income (loss) before income tax		65,277			5,344			(27,129	)		—			43,492
Total assets as of March 31, 2012		12,494,752			1,438,744			92,381			(251,056	)		13,774,821
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO expenses and other credit-related expenses		45.2	%											84.1	%
excluding foreclosure, OREO expenses and other credit-related expenses		39.3	%											72.1	%
Adjusted basis:
including foreclosure, OREO expenses and other credit-related expenses		45.2	%											74.8	%
excluding foreclosure, OREO expenses and other credit-related expenses		39.3	%											63.6	%
Three Months Ended June 30, 2011
Net interest income	$	105,107		$	9,487		$	(1,684	)	$	—		$	112,910
Provision for loan and lease losses		8,235			769			—			—			9,004
Net interest income after provision for loan and lease losses		96,872			8,718			(1,684	)		—			103,906
Noninterest income		15,728			37,204			1			—			52,933
Noninterest expense:
Foreclosure and OREO expense		4,639			4,125			—			—			8,764
Other credit-related expenses		1,634			7,922			—			—			9,556
All other noninterest expense		39,941			35,910			27,540			—			103,391
Income (loss) before income tax		66,386			(2,035	)		(29,223	)		—			35,128
Adjustment items (pre-tax):
Early adoption of TDR guidance and policy change		2,517			—			—			—			2,517
Transaction and non-recurring regulatory related expense		—			946			2,496			—			3,442
Adjusted income (loss) before income tax		68,903			(1,089	)		(26,727	)		—			41,087
Total assets as of June 30, 2011		11,140,910			1,482,997			130,615			(234,348	)		12,520,174
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO expenses and other credit-related expenses		38.2	%											73.4	%
excluding foreclosure, OREO expenses and other credit-related expenses		33.1	%											62.3	%
Adjusted basis:
including foreclosure, OREO expenses and other credit-related expenses		38.2	%											71.3	%
excluding foreclosure, OREO expenses and other credit-related expenses		33.1	%											60.3	%

EverBank Financial Corp and Subsidiaries
Reconciliation of Non-GAAP Measures
Adjusted Net Income	Table 10a

	Three Months Ended																Six Months Ended
	June 30,			March 31,			December 31,			September 30,				June 30,			June 30,		June 30,
(dollars in thousands)	2012			2012			2011			2011				2011			2012		2011
Net income	$	11,172		$	11,846		$	13,760		$	7,758			$	21,795		$	23,018	$	31,211
Gain on repurchase of trust preferred securities, net of tax		—			—			—			—				—			—		(2,910	)
Transaction and non-recurring regulatory related expense, net of tax		6,143			3,884			4,331			4,751				2,136			10,027		7,749
Decrease in fair value of Tygris indemnification asset resulting from a decrease in estimated future credit losses, net of tax		—			—			—			—				—			—		5,382
Increase in Bank of Florida non-accretable discount, net of tax		463			2,135			2,208			298				—			2,598		501
Impact of change in ALLL methodology, net of tax		—			—			—			—				—			—		1,178
Early adoption of TDR guidance and policy change, net of tax		—			—			—			—				1,561			—		6,225
MSR impairment, net of tax		18,684			9,389			11,638			12,824				—			28,073		—
Tax expense related to revaluation of Tygris net unrealizedbuilt-in losses		—			—			—			—				—			—		691
Adjusted net income	$	36,462		$	27,254		$	31,937		$	25,631		��	$	25,492		$	63,716	$	50,027
Tangible Equity, Adjusted Tangible Equity and Tangible Assets															Table 10b
	June 30,			March 31,			December 31,			September 30,				June 30,
(dollars in thousands)	2012			2012			2011			2011				2011
Shareholders’ equity	$	1,181,369		$	994,689		$	967,665		$	973,708			$	1,027,685
Less:
Goodwill		10,238			10,238			10,238			10,238				10,238
Intangible assets		6,700			7,052			7,404			7,756				8,081
Tangible equity	$	1,164,431		$	977,399		$	950,023		$	955,714			$	1,009,366
Less:
Accumulated other comprehensive loss		(113,094	)		(89,196	)		(107,749	)		(87,303	)			(24,728	)
Adjusted tangible equity	$	1,277,525		$	1,066,595		$	1,057,772		$	1,043,017			$	1,034,094
Total assets	$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764			$	12,520,174
Less:
Goodwill		10,238			10,238			10,238			10,238				10,238
Intangible assets		6,700			7,052			7,404			7,756				8,081
Tangible assets	$	15,023,886		$	13,757,531		$	13,024,036		$	12,532,770			$	12,501,855
Core Deposits															Table 10c
	June 30,			March 31,			December 31,			September 30,				June 30,
(dollars in thousands)	2012			2012			2011			2011				2011
Total deposits	$	10,803,743		$	10,552,960		$	10,265,763		$	10,206,945			$	9,936,454
Less:
Brokered deposits		180,277			258,285			225,122			212,793				212,893
CDARS One-Way BuySM time deposits		298,915			217,898			273,266			34,539				2,067
Core deposits	$	10,324,551		$	10,076,777		$	9,767,375		$	9,959,613			$	9,721,494
Regulatory Capital (bank level)															Table 10d
	June 30,			March 31,			December 31,			September 30,				June 30,
(dollars in thousands)	2012			2012			2011			2011				2011
Shareholders’ equity	$	1,263,687		$	1,099,404		$	1,070,887		$	1,078,080			$	1,130,104
Less: Goodwill and other intangibles		(16,938	)		(17,290	)		(17,642	)		(17,994	)			(18,319	)
Disallowed servicing asset		(36,650	)		(40,783	)		(38,925	)		(36,570	)			(31,927	)
Disallowed deferred tax asset		(70,357	)		(71,302	)		(71,803	)		(72,147	)			(74,522	)
Add: Accumulated losses on securities and cash flow hedges		110,101			86,981			105,682			85,525				25,051
Tier 1 capital		1,249,843			1,057,010			1,048,199			1,036,894				1,030,387
Less: Low-level recourse and residual interests		—			(20,424	)		(21,587	)		(20,431	)			(19,079	)
Add: Allowance for loan and lease losses		77,393			78,254			77,765			83,826				80,419
Total regulatory capital	$	1,327,236		$	1,114,840		$	1,104,377		$	1,100,289			$	1,091,727
Adjusted total assets	$	15,022,729		$	13,731,482		$	13,081,401		$	12,550,738			$	12,438,222
Risk-weighted assets		8,424,290			7,311,556			7,043,371			7,007,339				6,648,103