TIAA FSB 8-K EverBank Financial Corp Announces Full Year and Fourth Quarter 2013 Financial Results

Exhibit 99.2

EverBank Financial Corp and Subsidiaries

Quarterly Financial Tables

December 31, 2013

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 Ratio
	Table 8c	Reserves for Repurchase Obligations for Loans Sold or Securitized
	Table 8d	Reserves for Repurchase Obligations for Loans Serviced
Table 9	Business Segments Selected Financial Information
Table 10	Reconciliation of Non-GAAP Measures
	Table 10a	Adjusted Net Income
	Table 10b	Tangible Equity, Tangible Common Equity and Tangible Assets
	Table 10c	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 Year Ended
(dollars in thousands, except per share amounts)	Dec 31, 2013			Sep 30, 2013				Dec 31, 2012			Dec 31, 2013			Dec 31,  2012
Operating Results:
Total revenue	$	230,745		$	282,425			$	272,150		$	1,078,316		$	883,566
Net interest income	135,036			138,856				146,993			558,925			513,794
Provision for loan and lease losses	7,022			3,068				10,528			12,038			31,999
Noninterest income	95,709			143,569				125,157			519,391			369,772
Noninterest expense	197,186			225,696				216,997			848,238			735,570
Net income	18,451			33,150				28,846			136,740			74,042
Net earnings per common share, basic	0.13			0.25				0.23			1.04			0.61
Net earnings per common share, diluted	0.13			0.25				0.22			1.02			0.60
Performance Metrics:							��
Adjusted net income(1)	$	32,216		$	34,373			$	43,508		$	147,629		$	143,409
Adjusted net earnings per common share, basic(2)	0.24			0.26				0.35			1.12			1.29
Adjusted net earnings per common share, diluted(2)	0.24			0.26				0.34			1.11			1.27
Yield on interest-earning assets	4.35		%	4.32		%		4.67		%	4.39		%	4.78		%
Cost of interest-bearing liabilities	1.08		%	1.18		%		1.24		%	1.19		%	1.18		%
Net interest spread	3.27		%	3.14		%		3.43		%	3.20		%	3.60		%
Net interest margin	3.37		%	3.24		%		3.56		%	3.34		%	3.74		%
Return on average assets	0.43		%	0.72		%		0.64		%	0.75		%	0.49		%
Return on average equity(3)	4.35		%	8.68		%		8.57		%	9.11		%	6.36		%
Adjusted return on average assets(4)	0.74		%	0.75		%		0.97		%	0.81		%	0.94		%
Adjusted return on average equity(5)	8.12		%	9.02		%		13.17		%	9.89		%	12.43		%
Credit Quality Ratios:
Adjusted non-performing assets as a percentage of total assets(6)	0.65		%	1.01		%		1.08		%	0.65		%	1.08		%
Net charge-offs to average loans held for investment	0.20		%	0.30		%		0.16		%	0.21		%	0.31		%
ALLL as a percentage of loans and leases held for investment	0.48		%	0.53		%		0.66		%	0.48		%	0.66		%
Capital Ratios:
Tier 1 leverage ratio (bank level)(7)	9.0		%	8.8		%		8.0		%	9.0		%	8.0		%
Tier 1 risk-based capital ratio (bank level)(8)	13.8		%	13.9		%		12.8		%	13.8		%	12.8		%
Total risk-based capital ratio (bank level)(9)	14.3		%	14.5		%		13.5		%	14.3		%	13.5		%
Tangible common equity to tangible assets(10)	8.1		%	8.0		%		6.9		%	8.1		%	6.9		%
Tangible equity to tangible assets(11)	8.9		%	8.8		%		7.7		%	8.9		%	7.7		%
Deposit Metrics:
Deposit growth (trailing 12 months)	0.9		%	15.3		%		28.0		%	0.9		%	28.0		%
Banking and Wealth Management Metrics:
Efficiency ratio(12)	39.4		%	42.4		%		48.9		%	44.9		%	51.7		%
Mortgage Banking Metrics:
Unpaid principal balance of loans originated	$	1,987,975		$	2,691,406			$	2,937,539		$	10,819,993		$	9,632,433
Unpaid principal balance of loans serviced for the Company and others	61,035,320			61,274,075				51,198,748			61,035,320			51,198,748
Tangible Common Equity Per Common Share(13)	$	11.57		$	11.42			$	10.30		$	11.57		$	10.30
Market Price Per Share of Common Stock:
Closing	$	18.34		$	14.98			$	14.91		$	18.34		$	14.91
High	18.75			16.80				16.22			18.75			16.22
Low	13.99			13.95				13.41			12.75			9.40
Period End Balance Sheet Data:
Cash and cash equivalents	$	847,778		$	1,087,935			$	443,914		$	847,778		$	443,914
Investment securities	1,351,002			1,421,035				1,921,284			1,351,002			1,921,284
Loans held for sale	791,382			1,059,947				2,088,046			791,382			2,088,046
Loans and leases held for investment, net	13,189,034			12,495,976				12,422,987			13,189,034			12,422,987
Total assets	17,640,984			17,612,089				18,242,878			17,640,984			18,242,878
Deposits	13,261,340			13,627,676				13,142,388			13,261,340			13,142,388
Total liabilities	16,019,971			16,009,176				16,791,702			16,019,971			16,791,702
Total shareholders’ equity	1,621,013			1,602,913				1,451,176			1,621,013			1,451,176

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 significant items that we believe are not reflective of our ongoing business or operating performance. 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 6% Cumulative Convertible Preferred Stock and the $1.1 million special cash dividend paid in June 2012 to holders of the Series B 4% Cumulative Convertible Preferred Stock. These special cash dividends were paid in connection with the conversion of all shares of both the Series A 6% Cumulative Convertible Preferred Stock and the Series B 4% Cumulative Convertible Preferred Stock into common stock.

(3) Due to the issuance of non-participating perpetual preferred stock during the fourth quarter of 2012, we amended our calculation for return on average equity. Beginning with the fourth quarter of 2012, return on average equity is calculated as net income less dividends declared on the Series A 6.75% Non-Cumulative Perpetual Preferred Stock divided by average common shareholders' equity (average shareholders' equity less average Series A 6.75% Non-Cumulative Perpetual Preferred Stock). Prior to the fourth quarter of 2012, return on average equity was calculated as net income divided by average shareholders' equity.

(4) Adjusted return on average assets equals adjusted net income divided by average total assets. 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.

(5) Due to the issuance of non-participating perpetual preferred stock during the fourth quarter of 2012, we amended our calculation for adjusted return on average equity. Beginning with the fourth quarter of 2012, adjusted return on average equity is calculated as adjusted net income less dividends declared on the Series A 6.75% Non-Cumulative Perpetual Preferred Stock divided by average common shareholders' equity. Prior to the fourth quarter of 2012, adjusted return on average equity was calculated as 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.

(6) 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 accounted for under ASC 310-30 because we expect to fully collect the carrying value of such loans and foreclosed property. For more detailed information on NPA, see Table 7.

(7) 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 10c.

(8) 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 10c.

(9) 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 10c.

(10) Calculated as tangible common shareholders' equity divided by tangible assets, after deducting goodwill, intangible assets and perpetual preferred stock from the numerator and goodwill and intangible assets from the denominator. Tangible common equity to tangible assets is a non-GAAP financial measure, and the most directly comparable GAAP financial measure for tangible common equity is shareholders' equity and the most directly comparable GAAP financial measure for tangible assets is total assets. For a reconciliation tangible common equity to shareholders' equity and a reconciliation of tangible assets to total assets, see Table 10b.

(11) Calculated as tangible shareholders' equity divided by tangible assets, after deducting goodwill and intangible assets from both 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.

(12) 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.

(13) Calculated as tangible common shareholders' equity divided by shares of common stock. Tangible common shareholders' equity equals shareholders' equity less goodwill, other intangible assets and perpetual preferred stock (see Table 10b). Tangible common equity per common share is calculated using a denominator that includes actual period end common shares outstanding and for periods prior to the fourth quarter of 2012, additional common shares assuming conversion of all outstanding convertible preferred stock to common stock. Tangible common equity per common share 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									Year Ended
(dollars in thousands, except per share data)	Dec 31, 2013			Sep 30, 2013			Dec 31, 2012			Dec 31, 2013			Dec 31, 2012
Interest Income
Interest and fees on loans and leases	$	162,343		$	170,110		$	173,619		$	678,962		$	574,443
Interest and dividends on investment securities	10,633			13,376			18,501			55,072			80,628
Other interest income	555			493			147			1,663			485
Total interest income	173,531			183,979			192,267			735,697			655,556
Interest Expense
Deposits	23,925			24,437			24,901			101,752			88,785
Other borrowings	14,570			20,686			20,373			75,020			52,977
Total interest expense	38,495			45,123			45,274			176,772			141,762
Net Interest Income	135,036			138,856			146,993			558,925			513,794
Provision for loan and lease losses	7,022			3,068			10,528			12,038			31,999
Net Interest Income after Provision for Loan and Lease Losses	128,014			135,788			136,465			546,887			481,795
Noninterest Income
Loan servicing fee income	48,691			50,713			44,884			188,759			175,264
Amortization of mortgage servicing rights	(25,342		)	(30,438		)	(37,660		)	(126,803		)	(137,433		)
Recovery (impairment) of mortgage servicing rights	14,692			35,132			—			94,951			(63,508		)
Net loan servicing income	38,041			55,407			7,224			156,907			(25,677		)
Gain on sale of loans	32,867			51,397			85,681			242,412			289,532
Loan production revenue	5,920			10,514			16,841			35,986			44,658
Deposit fee income	3,917			4,952			4,712			19,084			21,450
Other lease income	5,293			6,506			8,570			24,681			33,158
Other	9,671			14,793			2,129			40,321			6,651
Total noninterest income	95,709			143,569			125,157			519,391			369,772
Noninterest Expense
Salaries, commissions and other employee benefits expense	101,656			111,144			103,490			441,736			331,756
Equipment expense	24,752			20,609			20,445			85,920			70,856
Occupancy expense	11,481			8,675			7,596			35,087			25,581
General and administrative expense	59,297			85,268			85,466			285,495			307,377
Total noninterest expense	197,186			225,696			216,997			848,238			735,570
Income before Income Taxes	26,537			53,661			44,625			218,040			115,997
Provision for Income Taxes	8,086			20,511			15,779			81,300			41,955
Net Income	$	18,451		$	33,150		$	28,846		$	136,740		$	74,042
Net Income Allocated to Preferred Stock	$	2,531		$	2,532		$	1,491		$	10,125		$	10,724
Net Income Allocated to Common Shareholders	$	15,920		$	30,618		$	27,355		$	126,615		$	63,318
Net Earnings per Common Share, Basic	$	0.13		$	0.25		$	0.23		$	1.04		$	0.61
Net Earnings per Common Share, Diluted	$	0.13		$	0.25		$	0.22		$	1.02		$	0.60
Dividends Declared per Common Share	$	0.03		$	0.03		$	0.02		$	0.10		$	0.04
Dividend payout ratio(1)	23.08		%	12.00		%	8.70		%	9.62		%	6.56		%
Weighted Average Common Shares Outstanding
(units in thousands)
Basic	122,595			122,509			120,773			122,245			104,014
Diluted	124,420			124,124			122,807			123,949			105,951

(1) Dividend payout ratio is calculated as dividends declared per common share divided by basic earnings per common share.

EverBank Financial Corp and Subsidiaries
Consolidated Balance Sheets													Table 3
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Assets
Cash and due from banks	$	46,175		$	109,471		$	40,841		$	44,938		$	175,400
Interest-bearing deposits in banks	801,603			978,464			448,746			548,458			268,514
Total cash and cash equivalents	847,778			1,087,935			489,587			593,396			443,914
Investment securities:
Available for sale, at fair value	1,115,627			1,205,340			1,357,752			1,497,278			1,619,878
Held to maturity	107,312			109,245			115,319			124,242			143,234
Other investments	128,063			106,450			142,225			144,070			158,172
Total investment securities	1,351,002			1,421,035			1,615,296			1,765,590			1,921,284
Loans held for sale	791,382			1,059,947			2,000,390			2,416,599			2,088,046
Loans and leases held for investment:
Loans and leases held for investment, net of unearned income	13,252,724			12,562,967			12,867,388			12,255,294			12,505,089
Allowance for loan and lease losses	(63,690		)	(66,991		)	(73,469		)	(77,067		)	(82,102		)
Total loans and leases held for investment, net	13,189,034			12,495,976			12,793,919			12,178,227			12,422,987
Equipment under operating leases, net	28,126			34,918			39,850			44,863			50,040
Mortgage servicing rights (MSR), net	506,680			501,494			462,718			375,641			375,859
Deferred income taxes, net	51,375			92,253			139,814			164,053			170,877
Premises and equipment, net	60,733			67,282			65,930			65,746			66,806
Other assets	814,874			851,249			755,368			702,373			703,065
Total Assets	$	17,640,984		$	17,612,089		$	18,362,872		$	18,306,488		$	18,242,878
Liabilities
Deposits:
Noninterest-bearing	$	1,076,631		$	1,365,655		$	1,205,326		$	1,287,292		$	1,445,783
Interest-bearing	12,184,709			12,262,021			12,464,540			12,387,074			11,696,605
Total deposits	13,261,340			13,627,676			13,669,866			13,674,366			13,142,388
Other borrowings	2,377,000			1,872,700			2,667,700			2,707,331			3,173,021
Trust preferred securities	103,750			103,750			103,750			103,750			103,750
Accounts payable and accrued liabilities	277,881			405,050			372,173			316,599			372,543
Total Liabilities	16,019,971			16,009,176			16,813,489			16,802,046			16,791,702
Shareholders’ Equity
Series A 6.75% Non-Cumulative Perpetual Preferred Stock	150,000			150,000			150,000			150,000			150,000
Common Stock	1,226			1,225			1,224			1,221			1,210
Additional paid-in capital	832,351			830,758			827,682			823,696			811,085
Retained earnings	690,051			677,809			650,866			609,849			575,665
Accumulated other comprehensive loss	(52,615		)	(56,879		)	(80,389		)	(80,324		)	(86,784		)
Total Shareholders’ Equity	1,621,013			1,602,913			1,549,383			1,504,442			1,451,176
Total Liabilities and Shareholders’ Equity	$	17,640,984		$	17,612,089		$	18,362,872		$	18,306,488		$	18,242,878

EverBank Financial Corp and Subsidiaries
Average Balances and Interest Rates																Table 4
	Three Months Ended December 31, 2013						Three Months Ended September 30, 2013							Three Months Ended December 31, 2012
(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	$	677,816	$	555	0.32	%	$	878,078	$	493	0.22	%	0.0022	$	230,357	$	147		0.25	%
Investment securities	1,280,490		9,868		3.08	%	1,484,410		12,451		3.35	%	0.0335	1,837,016		17,324			3.77	%
Other investments	100,991		765		3.01	%	135,211		925		2.71	%	0.0271	147,658		1,177			3.17	%
Loans held for sale	1,095,039		10,499		3.84	%	1,932,075		18,207		3.77	%	0.0377	1,821,952		15,890			3.49	%
Loans and leases held for investment:
Residential mortgages	6,708,177		66,441		3.96	%	6,480,437		67,606		4.17	%	0.0417	6,822,033		72,061			4.23	%
Commercial and commercial real estate	4,727,770		65,653		5.50	%	4,864,670		64,774		5.28	%	0.0528	4,593,069		65,235			5.63	%
Lease financing receivables	1,139,458		17,702		6.21	%	1,041,040		17,552		6.74	%	0.0674	762,408		18,126			9.51	%
Home equity lines	153,693		1,758		4.54	%	162,194		1,708		4.18	%	0.0418	181,920		2,238			4.89	%
Consumer and credit card	5,907		290		19.48	%	6,241		263		16.72	%	0.1672	8,182		69			3.35	%
Total loans and leases held for investment	12,735,005		151,844		4.75	%	12,554,582		151,903		4.82	%	0.0482	12,367,612		157,729			5.08	%
Total interest-earning assets	15,889,341		$	173,531	4.35	%	16,984,356		$	183,979	4.32	%	0.0432	16,404,595		$	192,267		4.67	%
Noninterest-earning assets	1,448,507						1,449,836							1,605,043
Total assets	$	17,337,848					$	18,434,192						$	18,009,638
Liabilities and Shareholders’ Equity:
Interest-bearing liabilities:
Deposits:
Interest-bearing demand	$	3,007,788	$	4,648	0.61	%	$	3,055,881	$	5,025	0.65	%		$	2,520,635	$	5,044		0.80	%
Market-based money market accounts	415,044		638		0.61	%	416,145		672		0.64	%		432,833		818			0.75	%
Savings and money market accounts, excluding market-based	5,146,538		8,196		0.63	%	5,214,061		8,362		0.64	%		4,429,009		8,773			0.79	%
Market-based time	617,852		1,160		0.74	%	621,675		1,244		0.79	%		767,305		1,552			0.80	%
Time, excluding market-based	2,982,419		9,283		1.23	%	3,082,451		9,134		1.18	%		3,175,840		8,714			1.09	%
Total deposits	12,169,641		23,925		0.78	%	12,390,213		24,437		0.78	%		11,325,622		24,901			0.87	%
Borrowings:
Trust preferred securities	103,750		1,648		6.30	%	103,750		1,649		6.31	%		103,750		1,483			5.69	%
FHLB advances	1,751,401		12,922		2.89	%	2,511,830		19,037		2.97	%		2,670,742		17,198			2.56	%
Repurchase agreements	—		—		0.00	%	—		—		0.00	%		404,923		1,698			1.67	%
Other	6,000		—		0.00	%	13		—		0.00	%		—		(6		)	0.00	%
Total interest-bearing liabilities	14,030,792		38,495		1.08	%	15,005,806		45,123		1.18	%		14,505,037		45,274			1.24	%
Noninterest-bearing demand deposits	1,366,135						1,515,123							1,642,843
Other noninterest-bearing liabilities	327,873						351,762							510,668
Total liabilities	15,724,800						16,872,691							16,658,548
Total shareholders’ equity	1,613,048						1,561,501							1,351,090
Total liabilities and shareholders’ equity	$	17,337,848					$	18,434,192						$	18,009,638
Net interest income/spread			$	135,036	3.27	%			$	138,856	3.14	%				$	146,993		3.43	%
Net interest margin					3.37	%					3.24	%							3.56	%
Memo: Total deposits including noninterest-bearing	$	13,535,776	$	23,925	0.70	%	$	13,905,336	$	24,437	0.70	%		$	12,968,465	$	24,901		0.76	%

(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										Year Ended
(dollars in thousands)	Dec 31, 2013		Sep 30, 2013		Jun 30, 2013		Mar 31, 2013		Dec 31, 2012		Dec 31, 2013		Dec 31, 2012
Legal and professional fees, excluding consent order expense	$	9,238	$	7,158	$	7,363	$	7,023	$	12,157	$	30,782	$	45,655
Credit-related expenses:
Foreclosure and OREO expense	9,186		8,224		9,614		7,027		8,818		34,051		54,385
Other credit-related expenses	7,982		3,632		1,850		2,328		6,449		15,792		29,490
FDIC premium assessment and other agency fees	6,089		6,708		8,358		13,702		10,490		34,857		39,183
Advertising and marketing expense	5,984		6,516		6,320		10,381		11,123		29,201		36,016
Loan origination expense, net of deferred cost	345		1,106		1,033		1,807		1,495		4,291		9,274
Portfolio expense	2,389		3,875		3,183		3,275		3,877		12,722		14,744
Consent order expense	7,641		32,475		19,292		12,931		13,987		72,339		24,657
Other	10,443		15,574		9,816		15,627		17,070		51,460		53,973
Total general and administrative expense	$	59,297	$	85,268	$	66,829	$	74,101	$	85,466	$	285,495	$	307,377

EverBank Financial Corp and Subsidiaries
Investment Securities													Table 6a
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Available for sale (at fair value):
Residential collateralized mortgage obligation (CMO) securities - nonagency	$	1,109,271		$	1,200,685		$	1,351,318		$	1,489,677		$	1,611,775
Other	6,356			4,655			6,434			7,601			8,103
Total investment securities available for sale	1,115,627			1,205,340			1,357,752			1,497,278			1,619,878
Held to maturity (at amortized cost):
Residential CMO securities - agency	41,347			44,707			61,526			80,203			106,346
Residential mortgage-backed securities (MBS) - agency	65,965			59,551			48,806			39,052			31,901
Other	—			4,987			4,987			4,987			4,987
Total investment securities held to maturity	107,312			109,245			115,319			124,242			143,234
Other investments	128,063			106,450			142,225			144,070			158,172
Total investment securities	$	1,351,002		$	1,421,035		$	1,615,296		$	1,765,590		$	1,921,284
Loans and Leases Held for Investment													Table 6b
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Residential mortgages	$	7,044,743		$	6,698,614		$	6,586,116		$	6,279,655		$	6,708,748
Commercial and commercial real estate	4,812,970			4,608,487			5,090,332			4,883,330			4,771,768
Lease financing receivables	1,237,941			1,092,866			1,014,996			911,371			836,935
Home equity lines	151,916			156,977			169,296			173,704			179,600
Consumer and credit card	5,154			6,023			6,648			7,234			8,038
Loans and leases held for investment, net of unearned income	13,252,724			12,562,967			12,867,388			12,255,294			12,505,089
Allowance for loan and lease losses	(63,690		)	(66,991		)	(73,469		)	(77,067		)	(82,102		)
Total loans and leases held for investment, net	$	13,189,034		$	12,495,976		$	12,793,919		$	12,178,227		$	12,422,987
The balances presented above include:
Net purchased loan and lease discounts	$	102,416		$	120,321		$	130,880		$	146,666		$	164,132
Net deferred loan and lease origination costs	$	54,107		$	45,315		$	37,232		$	25,889		$	25,275
Deposits													Table 6c
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Noninterest-bearing demand	$	1,076,631		$	1,365,655		$	1,205,326		$	1,287,292		$	1,445,783
Interest-bearing demand	3,006,401			2,998,836			3,081,670			2,932,643			2,681,769
Market-based money market accounts	413,137			413,427			413,722			428,183			439,399
Savings and money market accounts, excluding market-based	5,110,992			5,186,243			5,153,072			4,901,926			4,451,843
Market-based time	597,858			627,889			637,145			708,137			736,612
Time, excluding market-based	3,056,321			3,035,626			3,178,931			3,416,185			3,386,982
Total deposits	$	13,261,340		$	13,627,676		$	13,669,866		$	13,674,366		$	13,142,388

EverBank Financial Corp and Subsidiaries
Non-Performing Assets(1)													Table 7
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Non-accrual loans and leases:
Residential mortgages	$	59,526		$	60,066		$	64,230		$	69,876		$	73,752
Commercial and commercial real estate	18,569			76,662			60,636			63,924			76,289
Lease financing receivables	4,527			4,171			2,601			2,791			2,010
Home equity lines	3,270			4,164			4,368			4,513			4,246
Consumer and credit card	18			15			243			364			332
Total non-accrual loans and leases	85,910			145,078			132,078			141,468			156,629
Accruing loans 90 days or more past due	—			—			—			—			—
Total non-performing loans (NPL)	85,910			145,078			132,078			141,468			156,629
Other real estate owned (OREO)	29,034			32,108			36,528			39,576			40,492
Total non-performing assets (NPA)	114,944			177,186			168,606			181,044			197,121
Troubled debt restructurings (TDR) less than 90 days past due	76,913			79,664			82,236			88,888			90,094
Total NPA and TDR(1)	$	191,857		$	256,850		$	250,842		$	269,932		$	287,215
Total NPA and TDR	$	191,857		$	256,850		$	250,842		$	269,932		$	287,215
Government-insured 90 days or more past due still accruing	1,039,541			1,147,795			1,405,848			1,547,995			1,729,877
Loans accounted for under ASC 310-30:
90 days or more past due	10,083			45,104			54,054			67,630			79,984
OREO	—			21,240			21,194			22,955			16,528
Total regulatory NPA and TDR	$	1,241,481		$	1,470,989		$	1,731,938		$	1,908,512		$	2,113,604
Adjusted credit quality ratios excluding government-insured loans and loans accounted for under ASC 310-30:(1)
NPL to total loans	0.61		%	1.07		%	0.89		%	0.97		%	1.08		%
NPA to total assets	0.65		%	1.01		%	0.92		%	0.99		%	1.08		%
NPA and TDR to total assets	1.09		%	1.46		%	1.37		%	1.47		%	1.57		%
Credit quality ratios including government-insured loans and loans accounted for under ASC 310-30:
NPL to total loans	8.12		%	9.87		%	10.76		%	12.04		%	13.55		%
NPA to total assets	6.60		%	7.90		%	8.98		%	9.94		%	11.09		%
NPA and TDR to total assets	7.04		%	8.35		%	9.43		%	10.43		%	11.59		%

(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 accounted for under ASC 310-30 because we expect 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)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
ALLL, beginning of period	$	66,991		$	73,469		$	77,067		$	82,102		$	76,469
Charge-offs:
Residential mortgages	4,197			3,038			3,271			5,069			4,525
Commercial and commercial real estate	2,608			6,081			2,781			1,447			1,957
Lease financing receivables	1,209			746			988			708			768
Home equity lines	270			430			627			489			488
Consumer and credit card	4			28			17			20			51
Total charge-offs	8,288			10,323			7,684			7,733			7,789
Recoveries:
Residential mortgages	1,398			70			117			111			293
Commercial and commercial real estate	306			488			3,549			443			2,454
Lease financing receivables	197			75			253			79			51
Home equity lines	134			130			120			129			80
Consumer and credit card	27			14			18			17			16
Total recoveries	2,062			777			4,057			779			2,894
Net charge-offs	6,226			9,546			3,627			6,954			4,895
Provision for loan and lease losses	7,022			3,068			29			1,919			10,528
Other	(4,097		)	—			—			—			—
ALLL, end of period	$	63,690		$	66,991		$	73,469		$	77,067		$	82,102
Net charge-offs to average loans and leases held for investment	0.20		%	0.30		%	0.12		%	0.23		%	0.16		%
Allowance for Loan and Lease Losses Ratio													Table 8b
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
ALLL	$	63,690		$	66,991		$	73,469		$	77,067		$	82,102
Loans and leases held for investment, net of unearned income	13,252,724			12,562,967			12,867,388			12,255,294			12,505,089
ALLL as a percentage of loans and leases held for investment	0.48		%	0.53		%	0.57		%	0.63		%	0.66		%
Reserves for Repurchase Obligations for Loans Sold or Securitized													Table 8c
	Three Months Ended
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Loan origination repurchase reserves, beginning of period	$	19,086		$	21,960		$	24,866		$	27,000		$	31,000
Provision for new sales/securitizations	635			1,012			846			1,266			79
Provision for changes in estimate of existing reserves	1,563			(1,718		)	(1,060		)	(336		)	3,203
Net realized losses on repurchases	(1,059		)	(2,168		)	(2,692		)	(3,064		)	(7,282		)
Loan origination repurchase reserves, end of period	$	20,225		$	19,086		$	21,960		$	24,866		$	27,000
Quarters of coverage at trailing 4 quarter realized loss rate	9			5			5			6			6
Reserves for Repurchase Obligations for Loans Serviced													Table 8d
	Three Months Ended
(dollars in thousands)	Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Loan servicing repurchase reserves, beginning of period	$	22,733		$	23,518		$	23,599		$	26,026		$	27,309
Provision for change in estimate of existing reserves	3,580			4,531			1,690			(401		)	1,526
Net realized losses on repurchases	(2,645		)	(5,316		)	(1,771		)	(2,026		)	(2,809		)
Loan servicing repurchase reserves, end of period	$	23,668		$	22,733		$	23,518		$	23,599		$	26,026
Quarters of coverage at trailing 4 quarter realized loss rate	8			8			9			7			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 December 31, 2013
Net interest income	$	127,799		$	8,815		$	(1,578	)	$	—		$	135,036
Provision for loan and lease losses	4,943			2,079			—			—			7,022
Net interest income after provision for loan and lease losses	122,856			6,736			(1,578		)	—			128,014
Noninterest income	18,538			77,030			141			—			95,709
Noninterest expense:
Foreclosure and OREO expense	3,399			5,787			—			—			9,186
Other credit-related expenses	1,173			6,809			—			—			7,982
All other noninterest expense	53,122			102,685			24,211			—			180,018
Income (loss) before income tax	83,700			(31,515		)	(25,648		)	—			26,537
Adjustment items (pre-tax):
Decrease in Bank of Florida non-accretable discount	(111		)	—			—			—			(111		)
MSR impairment (recovery)	—			(14,692		)	—			—			(14,692		)
OTTI credit losses on investment securities (Volcker Rule)	3,298			—			—			—			3,298
Restructuring cost	6,432			19,700			(178		)	—			25,954
Transaction and non-recurring regulatory related expense	—			7,669			84			—			7,753
Adjusted income (loss) before income tax	93,319			(18,838		)	(25,742		)	—			48,739
Total assets as of December 31, 2013	15,904,935			1,748,458			236,313			(248,722		)	17,640,984
Three Months Ended September 30, 2013
Net interest income	$	125,545		$	14,889		$	(1,578	)	$	—		$	138,856
Provision for loan and lease losses	1,216			1,852			—			—			3,068
Net interest income after provision for loan and lease losses	124,329			13,037			(1,578		)	—			135,788
Noninterest income	32,937			110,479			153			—			143,569
Noninterest expense:
Foreclosure and OREO expense	6,354			1,870			—			—			8,224
Other credit-related expenses	533			3,099			—			—			3,632
All other noninterest expense	60,341			132,312			21,187			—			213,840
Income (loss) before income tax	90,038			(13,765		)	(22,612		)	—			53,661
Adjustment items (pre-tax):
Decrease in Bank of Florida non-accretable discount	(708		)	—			—			—			(708		)
MSR impairment (recovery)	—			(35,132		)	—			—			(35,132		)
Restructuring cost	1,901			2,527			799			—			5,227
Transaction and non-recurring regulatory related expense	—			32,437			148			—			32,585
Adjusted income (loss) before income tax	91,231			(13,933		)	(21,665		)	—			55,633
Total assets as of September 30, 2013	15,502,004			2,106,162			213,745			(209,822		)	17,612,089

Three Months Ended December 31, 2012
Net interest income	$	135,686	$	12,531	$	(1,224	)	$	—		$	146,993
Provision for loan and lease losses	8,866		1,662		—			—			10,528
Net interest income after provision for loan and lease losses	126,820		10,869		(1,224		)	—			136,465
Noninterest income	34,057		91,012		88			—			125,157
Noninterest expense:
Foreclosure and OREO expense	7,246		1,572		—			—			8,818
Other credit-related expenses	1,387		5,062		—			—			6,449
All other noninterest expense	74,435		87,180		40,115			—			201,730
Income (loss) before income tax	77,809		8,067		(41,251		)	—			44,625
Adjustment items (pre-tax):
Increase in Bank of Florida non-accretable discount	784		—		—			—			784
Adoption of TDR guidance and policy change	5,982		—		—			—			5,982
Transaction and non-recurring regulatory related expense	—		12,276		4,606			—			16,882
Adjusted income (loss) before income tax	84,575		20,343		(36,645		)	—			68,273
Total assets as of December 31, 2012	16,119,927		2,127,100		166,234			(170,383		)	18,242,878

EverBank Financial Corp and Subsidiaries
Reconciliation of Non-GAAP Measures
Adjusted Net Income																				Table 10a
		Three Months Ended															Year Ended
(dollars in thousands, except per share data)		Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012			Dec 31, 2013			Dec 31, 2012
Net income		$	18,451		$	33,150		$	45,993		$	39,146		$	28,846		$	136,740		$	74,042
Transaction expense, net of tax		—			—			—			—			903			—			5,355
Non-recurring regulatory related expense, net of tax		4,807			20,203			12,042			11,425			9,564			48,477			17,733
Increase (decrease) in Bank of Florida non-accretable discount, net of tax		(68		)	(439		)	(538		)	950			486			(95		)	3,195
Adoption of TDR guidance and policy change, net of tax		—			—			—			—			3,709			—			3,709
MSR impairment (recovery), net of tax		(9,109		)	(21,783		)	(20,194		)	(7,784		)	—			(58,870		)	39,375
Restructuring cost, net of tax		16,090			3,242			—			—			—			19,332			—
OTTI credit losses on investment securities (Volcker Rule), net of tax		2,045			—			—			—			—			2,045			—
Adjusted net income		$	32,216		$	34,373		$	37,303		$	43,737		$	43,508		$	147,629		$	143,409
Adjusted net income allocated to preferred stock		2,531			2,532			2,531			2,531			1,491			10,125			9,283
Adjusted net income allocated to common shareholders		$	29,685		$	31,841		$	34,772		$	41,206		$	42,017		$	137,504		$	134,126
Adjusted net earnings per common share, basic		$	0.24		$	0.26		$	0.28		$	0.34		$	0.35		$	1.12		$	1.29
Adjusted net earnings per common share, diluted		$	0.24		$	0.26		$	0.28		$	0.33		$	0.34		$	1.11		$	1.27
Weighted average common shares outstanding:
(units in thousands)
Basic		122,595			122,509			122,281			121,583			120,773			122,245			104,014
Diluted		124,420			124,124			124,034			123,439			122,807			123,949			105,951
Tangible Equity, Tangible Common Equity and Tangible Assets														Table 10b
(dollars in thousands)		Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Shareholders’ equity		$	1,621,013		$	1,602,913		$	1,549,383		$	1,504,442		$	1,451,176
Less:
Goodwill		46,859			46,859			46,859			46,859			46,859
Intangible assets		5,813			6,340			6,867			7,394			7,921
Tangible equity		1,568,341			1,549,714			1,495,657			1,450,189			1,396,396
Less:
Perpetual preferred stock		150,000			150,000			150,000			150,000			150,000
Tangible common equity		$	1,418,341		$	1,399,714		$	1,345,657		$	1,300,189		$	1,246,396
Total assets		$	17,640,984		$	17,612,089		$	18,362,872		$	18,306,488		$	18,242,878
Less:
Goodwill		46,859			46,859			46,859			46,859			46,859
Intangible assets		5,813			6,340			6,867			7,394			7,921
Tangible assets		$	17,588,312		$	17,558,890		$	18,309,146		$	18,252,235		$	18,188,098
Regulatory Capital (bank level)														Table 10c
(dollars in thousands)		Dec 31, 2013			Sep 30, 2013			Jun 30, 2013			Mar 31, 2013			Dec 31, 2012
Shareholders’ equity		$	1,662,164		$	1,648,152		$	1,598,419		$	1,560,001		$	1,518,934
Less:	Goodwill and other intangibles	(51,072		)	(51,436		)	(51,807		)	(52,089		)	(54,780		)
	Disallowed servicing asset	(20,469		)	(39,658		)	(36,182		)	(31,585		)	(32,378		)
	Disallowed deferred tax asset	(63,749		)	(64,462		)	(65,406		)	(66,351		)	(67,296		)
Add:	Accumulated losses on securities and cash flow hedges	50,608			54,392			78,181			77,073			83,477
Tier 1 capital		1,577,482			1,546,988			1,523,205			1,487,049			1,447,957
Add:	Allowance for loan and lease losses	63,690			66,991			73,469			77,067			82,102
Total regulatory capital		$	1,641,172		$	1,613,979		$	1,596,674		$	1,564,116		$	1,530,059
Adjusted total assets		$	17,554,236		$	17,510,528		$	18,287,359		$	18,234,886		$	18,141,856
Risk-weighted assets		11,467,411			11,120,048			11,656,698			11,406,725			11,339,415