You can listen to it here:
http://www.visualwebcaster.com/event.asp?id=102877
I will post any interesting things I pick up during the conference call in this thread.
Sincerely,
Charlie
Long BOFI
The CEO is talking about the Jumbo loans business and how they are able to execute well. This leads to growth in their loan portfolio with low probability of losses.
Sincerely,
Charlie
Long BOFI
1 Like
Cross agreement with HR Block will generate $31-34M in direct, additional annual revenue. This excludes the deposits acquired or any cross-selling opportunities.
Sincerely,
Charlie
Long BOFI
Here’s something interesting:
BOFI filed a lawsuit against Erhart on October 16, 2015. CEO is repeating that all of his allegations are completely false. Talks about “John Ball resigned abruptly” allegation - Mr. Ball sent a statement to BOFI clearing the record. Mr. Ball resigned due to stress and long hours. Mr. Ball has confirmed with statement sent to company that Mr. Erhart’s statements are false.
Thus no further comments regarding the allegations or questions will be answered. No restrictions whatsoever, M&A or otherwise. Again, no questions on Erhart matter.
I’m paraphrasing as it comes in, but essentially Mr. Ball has refuted a lot of what Mr. Erhart has said about his resignation in his law suit.
Sincerely,
Charlie
Long BOFI
6 Likes
Question from the floor:
When did Mr. Ball send in his statement, before or after the law suit from Erhart?
Answer: After the law suit, in direct response to it.
Looks like Mr. Ball won’t be the “second whistleblower”.
Sincerely,
Charlie
Long BOFI
8 Likes
Here’s the complete transcript via Seeking Alpha:
http://seekingalpha.com/article/3623836-bofi-holdings-bofi-c…
Sincerely,
Charlie
Long BOFI