TIAA FSB 8-K EverBank Financial Corp Announces Third Quarter 2012 Financial Results

Exhibit 99.2

EverBank Financial Corp and Subsidiaries

Quarterly Financial Tables

September 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 Nine Months Ended
(dollars in thousands, except per share amounts)	September 30, 2012			June 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Operating Results:
Net interest income	$	126,194		$	124,984		$	110,869		$	366,801		$	337,472
Provision for loan and lease losses	4,359			5,757			12,258			21,471			39,292
Noninterest income	97,299			74,123			53,357			244,615			172,142
Noninterest expense	183,969			175,783			139,585			518,573			406,535
Net income	22,178			11,172			7,758			45,196			38,969
Net earnings per common share, basic	0.19			0.09			0.08			0.37			0.41
Net earnings per common share, diluted	0.19			0.09			0.08			0.37			0.40
Performance Metrics:
Adjusted net income (1)	$	36,185		$	36,462		$	25,631		$	99,901		$	75,658
Adjusted net earnings per common share, basic (2)	0.31			0.34			0.27			0.94			0.80
Adjusted net earnings per common share, diluted (2)	0.30			0.33			0.27			0.92			0.78
Yield on interest-earning assets	4.69		%	4.80		%	5.21		%	4.81		%	5.45		%
Cost of interest-bearing liabilities	1.17		%	1.11		%	1.34		%	1.15		%	1.44		%
Net interest spread	3.52		%	3.69		%	3.87		%	3.66		%	4.01		%
Net interest margin	3.66		%	3.86		%	3.98		%	3.82		%	4.18		%
Return on average assets	0.58		%	0.31		%	0.25		%	0.42		%	0.43		%
Return on average equity	7.28		%	4.11		%	3.08		%	5.48		%	5.10		%
Adjusted return on average assets (3)	0.95		%	1.01		%	0.83		%	0.94		%	0.83		%
Adjusted return on average equity (3)	11.89		%	13.41		%	10.19		%	12.12		%	9.91		%
Credit Quality Ratios:
Adjusted non-performing assets as a percentage of total assets (4)	1.29		%	1.46		%	1.73		%	1.29		%	1.73		%
ALLL as a percentage of loans and leases held for investment (excluding ASC 310-30) (5)	0.62		%	0.85		%	1.41		%	0.62		%	1.41		%
Capital Ratios:
Tier 1 leverage ratio (bank level) (6)	8.0		%	8.3		%	8.3		%	8.0		%	8.3		%
Tier 1 risk-based capital ratio (bank level) (7)	15.2		%	14.8		%	14.5		%	15.2		%	14.5		%
Total risk-based capital ratio (bank level) (8)	16.1		%	15.8		%	15.7		%	16.1		%	15.7		%
Tangible equity to tangible assets (9)	7.5		%	7.8		%	7.6		%	7.5		%	7.6		%
Deposit Metrics:
Total core deposits as a percentage of total deposits (10)	94.4		%	95.6		%	97.6		%	94.4		%	97.6		%
Deposit growth (trailing 12 months)	15.8		%	8.7		%	9.8		%	15.8		%	9.8		%
Banking and Wealth Management Metrics:
Efficiency ratio (11)	59.1		%	53.8		%	39.9		%	52.8		%	42.4		%
Mortgage Banking Metrics:
Unpaid principal balance of loans originated	$	2,528,611		$	2,260,008		$	1,580,457		$	6,694,894		$	3,993,003
Unpaid principal balance of loans serviced for the Company and others	52,308,550			53,274,421			55,792,331			52,308,550			55,792,331
Net Tangible Book Value Per as Converted Common Share:
Excluding accumulated other comprehensive loss (12)	$	11.18		$	10.97		$	11.12		$	11.18		$	11.12
Including accumulated other comprehensive loss (13)	10.29			10.00			10.19			10.29			10.19
Market Price Per Share of Common Stock:
Closing	$	13.77		$	10.87					$	13.77
High	14.11			12.32						14.11
Low	9.40			10.23						9.40
Period End Balance Sheet Data:
Cash and cash equivalents	$	1,619,969		$	518,232		$	459,278		$	1,619,969		$	459,278
Investment securities	2,019,511			2,174,423			2,651,096			2,019,511			2,651,096
Loans held for sale	1,403,205			3,178,597			1,792,687			1,403,205			1,792,687
Loans and leases held for investment, net	9,980,257			7,708,037			6,197,664			9,980,257			6,197,664
Total assets	16,509,440			15,040,824			12,550,764			16,509,440			12,550,764
Deposits	11,815,926			10,803,743			10,206,945			11,815,926			10,206,945
Total liabilities	15,251,418			13,859,455			11,577,056			15,251,418			11,577,056
Total shareholders’ equity	1,258,022			1,181,369			973,708			1,258,022			973,708

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 September 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 Buy^SM 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									Nine Months Ended
(dollars in thousands, except per share data)	September 30, 2012			June 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Interest Income
Interest and fees on loans and leases	$	140,230		$	135,816		$	116,899		$	400,824		$	358,419
Interest and dividends on investment securities	20,879			20,699			27,201			62,127			82,778
Other interest income	152			82			197			338			1,312
Total interest income	161,261			156,597			144,297			463,289			442,509
Interest Expense
Deposits	22,491			20,419			23,959			63,884			75,559
Other borrowings	12,576			11,194			9,469			32,604			29,478
Total interest expense	35,067			31,613			33,428			96,488			105,037
Net Interest Income	126,194			124,984			110,869			366,801			337,472
Provision for loan and lease losses	4,359			5,757			12,258			21,471			39,292
Net Interest Income after Provision for Loan and Lease Losses	121,835			119,227			98,611			345,330			298,180
Noninterest Income
Loan servicing fee income	42,341			42,483			48,390			130,380			144,023
Amortization and impairment of mortgage servicing rights	(54,521		)	(64,277		)	(44,053		)	(163,281		)	(88,270		)
Net loan servicing income (loss)	(12,180		)	(21,794		)	4,337			(32,901		)	55,753
Gain on sale of loans	85,748			69,926			20,921			203,851			39,854
Loan production revenue	10,528			9,852			6,518			27,817			18,513
Deposit fee income	4,671			5,828			7,803			16,738			19,398
Other lease income	7,103			8,822			7,095			24,588			22,163
Other	1,429			1,489			6,683			4,522			16,461
Total noninterest income	97,299			74,123			53,357			244,615			172,142
Noninterest Expense
Salaries, commissions and other employee benefits expense	85,399			76,277			57,757			228,266			171,451
Equipment expense	17,574			16,889			13,608			50,411			36,077
Occupancy expense	6,619			6,017			5,237			17,985			14,808
General and administrative expense	74,377			76,600			62,983			221,911			184,199
Total noninterest expense	183,969			175,783			139,585			518,573			406,535
Income before Income Taxes	35,165			17,567			12,383			71,372			63,787
Provision for Income Taxes	12,987			6,395			4,625			26,176			24,818
Net Income	$	22,178		$	11,172		$	7,758		$	45,196		$	38,969
Net Income Allocated to Participating Preferred Stock	$	—		$	1,685		$	1,598		$	8,564		$	8,420
Net Income Allocated to Common Shareholders	$	22,178		$	9,487		$	6,160		$	36,632		$	30,549
Net Earnings per Common Share, Basic	$	0.19		$	0.09		$	0.08		$	0.37		$	0.41
Net Earnings per Common Share, Diluted	$	0.19		$	0.09		$	0.08		$	0.37		$	0.40
Dividends Declared per Common Share	$	0.02		$	—		$	—		$	0.02		$	—
Weighted Average Common Shares Outstanding
(units in thousands)
Basic	118,038			100,779			74,996			98,387			74,842
Diluted	119,591			102,574			77,709			100,268			77,667

EverBank Financial Corp and Subsidiaries
Consolidated Balance Sheets													Table 3
(dollars in thousands, except per share data)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Assets
Cash and due from banks	$	53,357		$	39,689		$	29,142		$	31,441		$	58,231
Interest-bearing deposits in banks	1,566,612			478,543			355,581			263,540			401,047
Total cash and cash equivalents	1,619,969			518,232			384,723			294,981			459,278
Investment securities:
Available for sale, at fair value	1,722,556			1,850,526			1,937,748			1,903,922			2,387,672
Held to maturity	170,804			190,615			190,642			189,518			183,518
Other investments	126,151			133,282			99,915			98,392			79,906
Total investment securities	2,019,511			2,174,423			2,228,305			2,191,832			2,651,096
Loans held for sale	1,403,205			3,178,597			2,530,966			2,725,286			1,792,687
Loans and leases held for investment:
Covered by loss share or indemnification agreements	671,420			727,708			788,129			841,146			911,756
Not covered by loss share or indemnification agreements	9,385,306			7,057,722			6,535,058			5,678,135			5,369,735
Loans and leases held for investment, net of unearned income	10,056,726			7,785,430			7,323,187			6,519,281			6,281,491
Allowance for loan and lease losses	(76,469		)	(77,393		)	(78,254		)	(77,765		)	(83,827		)
Total loans and leases held for investment, net	9,980,257			7,708,037			7,244,933			6,441,516			6,197,664
Equipment under operating leases, net	55,532			61,811			67,899			56,399			42,954
Mortgage servicing rights (MSR), net	381,773			415,962			462,420			489,496			519,828
Deferred income taxes, net	183,943			163,561			143,218			151,634			127,282
Premises and equipment, net	64,789			52,037			45,744			43,738			43,186
Other assets	800,461			768,164			666,613			646,796			716,789
Total Assets	$	16,509,440		$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764
Liabilities
Deposits
Noninterest-bearing	$	1,475,204		$	1,356,769		$	1,367,592		$	1,234,615		$	1,284,567
Interest-bearing	10,340,722			9,446,974			9,185,368			9,031,148			8,922,378
Total deposits	11,815,926			10,803,743			10,552,960			10,265,763			10,206,945
Other borrowings	2,823,927			2,503,636			1,706,298			1,257,879			782,287
Trust preferred securities	103,750			103,750			103,750			103,750			103,750
Accounts payable and accrued liabilities	507,815			448,326			417,124			446,621			484,074
Total Liabilities	15,251,418			13,859,455			12,780,132			12,074,013			11,577,056
Shareholders’ Equity
Series A 6% Cumulative Convertible Preferred Stock	—			—			—			2			2
Series B 4% Cumulative Convertible Preferred Stock	—			—			1			1			1
Common Stock	1,206			1,165			780			751			750
Additional paid-in capital	812,823			762,422			562,327			561,247			560,547
Retained earnings	550,724			530,876			520,777			513,413			499,711
Accumulated other comprehensive loss	(106,731		)	(113,094		)	(89,196		)	(107,749		)	(87,303		)
Total Shareholders’ Equity	1,258,022			1,181,369			994,689			967,665			973,708
Total Liabilities and Shareholders’ Equity	$	16,509,440		$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764

EverBank Financial Corp and Subsidiaries
Average Balances and Interest Rates															Table 4
	Three Months Ended September 30, 2012						Three Months Ended June 30, 2012						Three Months Ended September 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	$	236,378	$	152	0.26	%	$	128,325	$	82	0.26	%	$	311,803	$	198	0.25	%
Investment securities	1,984,778		20,379		4.10	%	2,108,672		20,137		3.82	%	2,825,922		27,050		3.83	%
Other investments	121,315		501		1.64	%	122,919		562		1.84	%	85,144		151		0.70	%
Loans held for sale	2,750,575		32,508		4.73	%	2,974,918		37,446		5.03	%	1,127,316		12,693		4.50	%
Loans and leases held for investment:
Residential mortgages	5,690,121		60,381		4.24	%	5,225,570		53,390		4.09	%	4,860,607		55,120		4.54	%
Commercial and commercial real estate	2,045,963		23,869		4.57	%	1,642,813		20,324		4.89	%	1,131,431		16,667		5.76	%
Lease financing receivables	692,643		21,218		12.25	%	621,667		21,298		13.70	%	482,816		29,803		24.69	%
Home equity lines	186,179		2,190		4.68	%	191,673		3,297		6.92	%	208,132		2,552		4.86	%
Consumer and credit card	8,375		63		2.99	%	8,045		61		3.05	%	8,468		63		2.95	%
Total loans and leases held for investment	8,623,281		107,721		4.97	%	7,689,768		98,370		5.11	%	6,691,454		104,205		6.21	%
Total interest-earning assets	13,716,327		$	161,261	4.69	%	13,024,602		$	156,597	4.80	%	11,041,639		$	144,297	5.21	%
Noninterest-earning assets	1,459,268						1,437,511						1,352,254
Total assets	$	15,175,595					$	14,462,113					$	12,393,893
Liabilities and Shareholders’ Equity:
Interest-bearing liabilities:
Deposits:
Interest-bearing demand	$	2,312,731	$	4,456	0.77	%	$	2,123,862	$	3,816	0.72	%	$	2,042,096	$	4,479	0.87	%
Market-based money market accounts	430,420		822		0.76	%	435,496		823		0.76	%	485,429		1,136		0.93	%
Savings and money market accounts, excluding market-based	4,157,713		8,115		0.78	%	3,861,879		7,266		0.76	%	3,750,652		8,256		0.87	%
Market-based time	815,528		2,029		0.99	%	851,735		1,905		0.90	%	1,028,829		2,303		0.89	%
Time, excluding market-based	2,229,888		7,069		1.26	%	1,940,577		6,609		1.37	%	1,722,143		7,785		1.79	%
Total deposits	9,946,280		22,491		0.90	%	9,213,549		20,419		0.89	%	9,029,149		23,959		1.05	%
Borrowings:
Trust preferred securities	103,750		1,498		5.74	%	103,750		1,607		6.23	%	103,750		1,652		6.32	%
FHLB advances	1,803,605		10,852		2.39	%	2,068,750		9,500		1.85	%	730,879		7,729		4.20	%
Repurchase agreements	53,244		220		1.64	%	20,283		87		1.73	%	20,524		88		1.70	%
Other	3		6		N.M.		—		—		0.00	%	2		—		0.00	%
Total interest-bearing liabilities	11,906,882		35,067		1.17	%	11,406,332		31,613		1.11	%	9,884,304		33,428		1.34	%
Noninterest-bearing demand deposits	1,591,087						1,462,506						1,126,875
Other noninterest-bearing liabilities	459,815						505,365						362,097
Total liabilities	13,957,784						13,374,203						11,373,276
Total shareholders’ equity	1,217,811						1,087,910						1,020,617
Total liabilities and shareholders’ equity	$	15,175,595					$	14,462,113					$	12,393,893
Net interest income/spread			$	126,194	3.52	%			$	124,984	3.69	%			$	110,869	3.87	%
Net interest margin					3.66	%					3.86	%					3.98	%
Memo: Total deposits including non-interest bearing	$	11,537,367	$	22,491	0.78	%	$	10,676,055	$	20,419	0.77	%	$	10,156,024	$	23,959	0.94	%

(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.

(4) N.M. indicates not meaningful.

EverBank Financial Corp and Subsidiaries
General and Administrative Expense													Table 5
	Three Months Ended										Nine Months Ended
(dollars in thousands)	September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011		September 30, 2011		September 30, 2012		September 30, 2011
Professional fees	$	14,889	$	19,319	$	15,610	$	18,584	$	16,398	$	49,818	$	45,283
Credit-related expenses:
Foreclosure and OREO expense	19,639		14,969		10,959		11,309		3,333		45,567		23,997
Other credit-related expenses	5,425		5,806		11,810		8,585		13,883		23,041		38,959
FDIC premium assessment and other agency fees	10,080		9,352		9,261		6,397		12,402		28,693		22,635
Advertising and marketing expense	10,340		8,646		5,907		5,360		4,175		24,893		12,307
Other	14,004		18,508		17,387		17,083		12,792		49,899		41,018
Total general and administrative expense	$	74,377	$	76,600	$	70,934	$	67,318	$	62,983	$	221,911	$	184,199

EverBank Financial Corp and Subsidiaries
Investment Securities													Table 6a
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Available for sale (at fair value):
Residential collateralized mortgage obligation (CMO) securities - agency	$	73		$	77		$	87		$	104		$	242,916
Residential CMO securities - nonagency	1,714,204			1,842,331			1,929,794			1,895,818			2,136,518
Residential mortgage-backed securities (MBS) - agency	263			281			308			338			373
Other	8,016			7,837			7,559			7,662			7,865
Total investment securities available for sale	1,722,556			1,850,526			1,937,748			1,903,922			2,387,672
Held to maturity (at amortized cost):
Residential CMO securities - agency	132,946			146,163			151,919			159,882			156,491
Residential MBS - agency	32,871			34,176			28,263			19,132			22,041
Other	4,987			10,276			10,460			10,504			4,986
Total investment securities held to maturity	170,804			190,615			190,642			189,518			183,518
Other investments	126,151			133,282			99,915			98,392			79,906
Total investment securities	$	2,019,511		$	2,174,423		$	2,228,305		$	2,191,832		$	2,651,096
Loans and Leases Held for Investment													Table 6b
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Residential mortgages	$	6,807,399		$	5,060,942		$	5,277,707		$	4,556,841		$	4,394,958
Commercial and commercial real estate	2,315,494			1,846,689			1,237,376			1,165,384			1,153,781
Lease financing receivables	742,332			681,205			605,763			588,501			518,483
Home equity lines	183,692			188,820			195,178			200,112			205,865
Consumer and credit card	7,809			7,774			7,163			8,443			8,404
Loans and leases held for investment, net of unearned income	10,056,726			7,785,430			7,323,187			6,519,281			6,281,491
Allowance for loan and lease losses	(76,469		)	(77,393		)	(78,254		)	(77,765		)	(83,827		)
Total loans and leases held of investment, net	$	9,980,257		$	7,708,037		$	7,244,933		$	6,441,516		$	6,197,664
The balances presented above include:
Net purchased loan and lease discounts	$	188,924		$	180,779		$	203,100		$	237,170		$	252,937
Net deferred loan and lease origination costs	$	22,282		$	20,366		$	20,202		$	19,057		$	17,059
Deposits													Table 6c
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Noninterest-bearing demand	$	1,475,204		$	1,356,769		$	1,367,592		$	1,234,615		$	1,284,567
Interest-bearing demand	2,423,689			2,158,937			2,123,042			2,124,306			2,065,199
Market-based money market accounts	427,852			434,015			444,667			455,204			487,914
Savings and money market accounts, excluding market-based	4,311,055			3,959,874			3,817,780			3,759,045			3,772,368
Market-based time	803,463			832,474			883,372			901,053			942,906
Time, excluding market-based	2,374,663			2,061,674			1,916,507			1,791,540			1,653,991
Total deposits	$	11,815,926		$	10,803,743		$	10,552,960		$	10,265,763		$	10,206,945

EverBank Financial Corp and Subsidiaries
Non-Performing Assets (1)													Table 7
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Non-accrual loans and leases:
Residential mortgages	$	75,355		$	66,956		$	74,810		$	81,594		$	74,194
Commercial and commercial real estate	85,306			95,882			89,576			104,829			92,966
Lease financing receivables	2,018			1,295			1,861			2,385			1,745
Home equity lines	4,492			4,256			3,771			4,251			3,803
Consumer and credit card	479			573			571			419			471
Total non-accrual loans and leases	167,650			168,962			170,589			193,478			173,179
Accruing loans 90 days or more past due	1,973			1,800			5,119			6,673			4,808
Total non-performing loans (NPL)	169,623			170,762			175,708			200,151			177,987
Other real estate owned (OREO)	43,612			49,248			49,304			42,664			39,431
Total non-performing assets (NPA)	213,235			220,010			225,012			242,815			217,418
Troubled debt restructurings (TDR) less than 90 days past due	82,030			93,184			92,954			92,628			89,129
Total NPA and TDR (1)	$	295,265		$	313,194		$	317,966		$	335,443		$	306,547
Total NPA and TDR	$	295,265		$	313,194		$	317,966		$	335,443		$	306,547
Government-insured 90 days or more past due still accruing	1,684,550			1,647,567			1,530,665			1,570,787			883,478
Bank of Florida loans accounted for under ASC 310-30:
90 days or more past due	117,506			140,797			146,379			149,743			159,767
OREO	18,557			20,379			22,852			19,456			19,616
Total regulatory NPA and TDR	$	2,115,878		$	2,121,937		$	2,017,862		$	2,075,429		$	1,369,408
Adjusted credit quality ratios excluding government-insured loans and loans accounted for under ASC 310-30: (1)
NPL to total loans	1.49		%	1.57		%	1.80		%	2.18		%	2.23		%
NPA to total assets	1.29		%	1.46		%	1.63		%	1.86		%	1.73		%
NPA and TDR to total assets	1.79		%	2.08		%	2.31		%	2.57		%	2.44		%
Credit quality ratios including government-insured loans and loans accounted for under ASC 310-30:
NPL to total loans	17.32		%	18.00		%	18.95		%	20.95		%	15.28		%
NPA to total assets	12.32		%	13.49		%	13.97		%	15.20		%	10.20		%
NPA and TDR to total assets	12.82		%	14.11		%	14.65		%	15.91		%	10.91		%

(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 September 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
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
ALLL, beginning of period	$	77,393		$	78,254		$	77,765		$	83,827		$	89,209
Charge-offs:
Residential mortgages	3,868			4,139			6,694			12,242			9,778
Commercial and commercial real estate	2,636			1,710			2,294			2,475			6,058
Lease financing receivables	805			917			1,181			770			1,473
Home equity lines	1,215			484			1,108			1,727			763
Consumer and credit card	61			40			11			12			41
Total charge-offs	8,585			7,290			11,288			17,226			18,113
Recoveries:
Residential mortgages	52			162			143			23			12
Commercial and commercial real estate	3,023			411			168			649			792
Lease financing receivables	159			29			36			65			38
Home equity lines	52			55			61			11			2
Consumer and credit card	16			15			14			14			16
Total recoveries	3,302			672			422			762			860
Net charge-offs	5,283			6,618			10,866			16,464			17,253
Provision for loan and lease losses	4,359			5,757			11,355			10,412			12,258
Other	—			—			—			(10		)	(387		)
ALLL, end of period	$	76,469		$	77,393		$	78,254		$	77,765		$	83,827
Net charge-offs to average loans held for investment	0.25		%	0.34		%	0.65		%	1.03		%	1.03		%
Allowance for Loan and Lease Losses Ratios													Table 8b
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
ALLL	$	76,469		$	77,393		$	78,254		$	77,765		$	83,827
Loans and leases held for investment	10,056,726			7,785,430			7,323,187			6,519,281			6,281,491
ALLL as a percentage of loans and leases held for investment	0.76		%	0.99		%	1.07		%	1.19		%	1.33		%
ALLL excluding portion related to loans and leases accounted for under ASC 310-30	$	55,288		$	57,075		$	58,625		$	61,776		$	71,799
Loans and leases held for investment excluding loans and leases accounted for under ASC 310-30	8,927,383			6,719,271			6,223,630			5,360,105			5,074,761
ALLL as a percentage of loans and leases held for investment (excluding ASC 310-30)	0.62		%	0.85		%	0.94		%	1.15		%	1.41		%
Reserves for Repurchase Obligations for Loans Sold or Securitized													Table 8c
	Three Months Ended
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Loan origination repurchase reserves, beginning of period	$	34,000		$	35,000		$	32,000		$	33,001		$	33,209
Provision for new sales/securitizations	(13		)	306			384			139			19
Provision for changes in estimate of existing reserves	1,703			1,121			5,850			1,198			2,617
Net realized losses on repurchases	(4,690		)	(2,427		)	(3,234		)	(2,338		)	(2,844		)
Loan origination repurchase reserves, end of period	$	31,000		$	34,000		$	35,000		$	32,000		$	33,001
Quarters of coverage at trailing 4 quarter realized loss rate	10			13			11			10
Reserves for Repurchase Obligations for Loans Serviced													Table 8d
	Three Months Ended
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Loan servicing repurchase reserves, beginning of period	$	27,640		$	30,427		$	30,364		$	28,799		$	25,144
Provision for change in estimate of existing reserves	3,032			2,868			3,031			6,280			10,122
Net realized losses on repurchases	(3,363		)	(5,655		)	(2,968		)	(4,715		)	(6,467		)
Loan servicing repurchase reserves, end of period	$	27,309		$	27,640		$	30,427		$	30,364		$	28,799
Quarters of coverage at trailing 4 quarter realized loss rate	7			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 September 30, 2012
Net interest income	$	114,587		$	13,105		$	(1,498	)	$	—		$	126,194
Provision for loan and lease losses	3,547			812			—			—			4,359
Net interest income after provision for loan and lease losses	111,040			12,293			(1,498		)	—			121,835
Noninterest income	20,608			76,693			(2		)	—			97,299
Noninterest expense:
Foreclosure and OREO expense	17,463			2,176			—			—			19,639
Other credit-related expenses	1,879			3,544			2			—			5,425
All other noninterest expense	60,526			65,900			32,479			—			158,905
Income (loss) before income tax	51,780			17,366			(33,981		)	—			35,165
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount	178			—			—			—			178
MSR impairment	—			18,229			—			—			18,229
Transaction and non-recurring regulatory related expense	—			1,657			2,527			—			4,184
Adjusted income (loss) before income tax	51,958			37,252			(31,454		)	—			57,756
Total assets as of September 30, 2012	14,696,893			1,838,964			129,141			(155,558		)	16,509,440
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO expenses and other credit-related expenses	59.1		%										82.3		%
excluding foreclosure, OREO expenses and other credit-related expenses	44.8		%										71.1		%
Adjusted basis:
including foreclosure, OREO expenses and other credit-related expenses	59.1		%										74.4		%
excluding foreclosure, OREO expenses and other credit-related expenses	44.8		%										64.0		%
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		%

EverBank Financial Corp and Subsidiaries
Business Segments Selected Financial Information										Table 9 (continued)
(dollars in thousands)	Banking and Wealth Management			Mortgage Banking			Corporate Services			Eliminations			Consolidated
Three Months Ended September 30, 2011
Net interest income	$	104,266		$	8,255		$	(1,652	)	$	—		$	110,869
Provision for loan and lease losses	13,119			(861		)	—			—			12,258
Net interest income after provision for loan and lease losses	91,147			9,116			(1,652		)	—			98,611
Noninterest income	24,403			28,956			(2		)	—			53,357
Noninterest expense:
Foreclosure and OREO expense	(2,328		)	5,660			1			—			3,333
Other credit-related expenses	2,748			11,135			—			—			13,883
All other noninterest expense	50,931			42,046			29,392			—			122,369
Income (loss) before income tax	64,199			(20,769		)	(31,047		)	—			12,383
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount	482			—			—			—			482
MSR impairment	—			20,684			—			—			20,684
Transaction and non-recurring regulatory related expense	—			2,432			5,233			—			7,665
Adjusted income (loss) before income tax	64,681			2,347			(25,814		)	—			41,214
Total assets as of September 30, 2011	11,033,090			1,618,689			140,260			(241,275		)	12,550,764
Efficiency Ratios:
GAAP basis:
including foreclosure, OREO expenses and other credit-related expenses	39.9		%										85.0		%
excluding foreclosure, OREO expenses and other credit-related expenses	39.6		%										74.5		%
Adjusted basis:
including foreclosure, OREO expenses and other credit-related expenses	39.9		%										71.3		%
excluding foreclosure, OREO expenses and other credit-related expenses	39.6		%										62.0		%

EverBank Financial Corp and Subsidiaries
Reconciliation of Non-GAAP Measures
Adjusted Net Income																		Table 10a
	Three Months Ended															Nine Months Ended
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			September 30, 2012		September 30, 2011
Net income	$	22,178		$	11,172		$	11,846		$	13,760		$	7,758		$	45,196	$	38,969
Gain on repurchase of trust preferred securities, net of tax	—			—			—			—			—			—		(2,910		)
Transaction expense, net of tax	1,268			2,363			821			802			2,108			4,452		8,204
Non-recurring regulatory related expense, net of tax	1,326			3,780			3,063			3,529			2,643			8,169		4,296
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	111			463			2,135			2,208			298			2,709		799
Impact of change in ALLL methodology, net of tax	—			—			—			—			—			—		1,178
Early adoption of TDR guidance and policy change, net of tax	—			—			—			—			—			—		6,225
MSR impairment, net of tax	11,302			18,684			9,389			11,638			12,824			39,375		12,824
Tax expense related to revaluation of Tygris net unrealized built-in losses	—			—			—			—			—			—		691
Adjusted net income	$	36,185		$	36,462		$	27,254		$	31,937		$	25,631		$	99,901	$	75,658
Tangible Equity, Adjusted Tangible Equity and Tangible Assets													Table 10b
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Shareholders’ equity	$	1,258,022		$	1,181,369		$	994,689		$	967,665		$	973,708
Less:
Goodwill	10,238			10,238			10,238			10,238			10,238
Intangible assets	6,348			6,700			7,052			7,404			7,756
Tangible equity	$	1,241,436		$	1,164,431		$	977,399		$	950,023		$	955,714
Less:
Accumulated other comprehensive loss	(106,731		)	(113,094		)	(89,196		)	(107,749		)	(87,303		)
Adjusted tangible equity	$	1,348,167		$	1,277,525		$	1,066,595		$	1,057,772		$	1,043,017
Total assets	$	16,509,440		$	15,040,824		$	13,774,821		$	13,041,678		$	12,550,764
Less:
Goodwill	10,238			10,238			10,238			10,238			10,238
Intangible assets	6,348			6,700			7,052			7,404			7,756
Tangible assets	$	16,492,854		$	15,023,886		$	13,757,531		$	13,024,036		$	12,532,770
Core Deposits													Table 10c
(dollars in thousands)	September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Total deposits	$	11,815,926		$	10,803,743		$	10,552,960		$	10,265,763		$	10,206,945
Less:
Brokered deposits	445,926			180,277			258,285			225,122			212,793
CDARS One-Way Buy SM time deposits	216,036			298,915			217,898			273,266			34,539
Core deposits	$	11,153,964		$	10,324,551		$	10,076,777		$	9,767,375		$	9,959,613

EverBank Financial Corp and Subsidiaries
Reconciliation of Non-GAAP Measures (continued)
Regulatory Capital (bank level)														Table 10d
(dollars in thousands)		September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011
Shareholders’ equity		$	1,339,669		$	1,263,687		$	1,099,404		$	1,070,887		$	1,078,080
Less:	Goodwill and other intangibles	(16,586		)	(16,938		)	(17,290		)	(17,642		)	(17,994		)
	Disallowed servicing asset	(33,366		)	(36,650		)	(40,783		)	(38,925		)	(36,570		)
	Disallowed deferred tax asset	(69,412		)	(70,357		)	(71,302		)	(71,803		)	(72,147		)
Add:	Accumulated losses on securities and cash flow hedges	103,238			110,101			86,981			105,682			85,525
Tier 1 capital		1,323,543			1,249,843			1,057,010			1,048,199			1,036,894
Less:	Low-level recourse and residual interests	—			—			(20,424		)	(21,587		)	(20,431		)
Add:	Allowance for loan and lease losses	76,469			77,393			78,254			77,765			83,826
Total regulatory capital		$	1,400,012		$	1,327,236		$	1,114,840		$	1,104,377		$	1,100,289
Adjusted total assets		$	16,488,067		$	15,022,729		$	13,731,482		$	13,081,401		$	12,550,738
Risk-weighted assets		8,701,164			8,424,290			7,311,556			7,043,371			7,007,339