2008 year-to-date earnings benefited from EverBank's gain from the sale of its share of EverBank Reverse Mortgage LLC to MetLife, Inc. Earnings from continuing operations, which exclude this gain, also reached a record $18.5 million, the company said, an increase of 8% over the first half of 2007.

The strong earnings bolstered EverBank's equity position to over $402 million. EverBank's assets and deposits grew to $6.0 billion and $4.1 billion, respectively, according to the company release.

"EverBank's financial health and performance have never been greater," stated Rob Clements, Chairman and CEO of EverBank Financial Corp.

"EverBank is in a unique position in the banking and lending industry: during a time when many other banks and financial institutions are in distressed or weakened positions from relying on risky lending, unpredictable capital markets funding and unsustainable leverage, EverBank maintained disciplined risk and credit management practices," Clements said. "As a result, EverBank's distinctive, diversified and disciplined business model generated record earnings, record bank capital, record deposits and record assets, positioning the company for significant growth."

Everbank is the third-largest bank in the Jacksonville metro area, with $3.6 billion in deposits, as of June 2007, according to the Federal Deposit Insurance Corp. It employs approximately 1,000 people.

EverBank Financial Corp., and its EverBank subsidiaries, is a privately-held thrift holding company headquartered in Jacksonville. As of June 30, 2008, the company has over $6.0 billion in assets and over $4.1 billion in deposits, according to the press release.