Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 12:43 PM
Slide #375. EverBank Financial Corp — Preferred Stock Offering
||EverBank Financial Corp (NYSE:EVER)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||EverBank Financial Corp announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of 6.75% Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, at a price of $25.00, resulting in gross proceeds of $150.0 million. Dividends will be paid quarterly in arrears, when, as and if declared, commencing on January 5, 2013. EverBank intends to use the net proceeds of this offering for general corporate purposes, which may include organic growth or the acquisition of businesses or assets that are complementary to our present business and provide attractive risk-adjusted returns. The offering is expected to close on November 13, 2012, subject to customary conditions.
EverBank Financial is a savings and loan holding company. Through its subsidiary, EverBank, Co. accepts deposits from the general public; originates, purchases, services, sells and securitizes residential real estate mortgage loans, home equity loans, commercial real estate loans and commercial loans and leases; and provides securities brokerage and investment advisory services. Co. markets and distributes its banking products and services primarily through its integrated online and mobile financial portal, financial centers in targeted Florida markets and other business relationships. At Dec 31 2015, Co. had total assets of $26.60 billion and total deposits of $18.24 billion.
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