BofI Profit Rises

(RTTNews) - BofI Holding Inc (BOFI) Tuesday reported first-quarter net earnings of $17.8 million or $1.20 per share compared with $12.1 million or $0.85 per share last year.

Net interest income for the quarter surged 59.6% from last year to $44.9 million, and non interest income slid 24.8% to $5.2 million.

Analysts polled by Thomson Reuters estimated earnings of $1.14 per share on revenues of $45.3 million for the quarter. Analysts' estimates typically exclude special items.

Loan loss provision was $2.5 million for the quarter compared with $0.5 million a year ago.