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BofI makes record $14.6M net income for 3Q

San Diego's BofI Holding Inc. (Nasdaq: BOFI), parent company of BofI Federal Bank, Tuesday announced financial results for the third fiscal quarter ended March 31, 2014.

Net income was a record $14.6 million, an increase of 40.5 percent over net income of $10.4 million for the quarter ended March 31, 2013.

Earnings attributable to BofI's common stockholders were $14.5 million or $1 per diluted share for the third quarter of fiscal 2014, an increase of 44.6 percent from $10.1 million or $0.74 per diluted share for the third quarter ended March 31, 2013.

Core earnings, a non-GAAP measure that excludes the after-tax impact of gains and losses associated with the company's securities portfolio, increased 47.1 percent to $15 million for the quarter ended March 31, 2014, compared to $10.2 million for the quarter ended March 31, 2013.

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