https://www.investors.com/research/the-new-america/bofi-hold…
BofI Holding (BOFI) won’t stop evolving — simply because it can’t afford to stand still.
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Analyst Gary Tenner at D.A. Davidson commends BofI’s asset strategy. It has grown from “rate shoppers” to encompass a diverse mix of spread-income and fee-income businesses.
“BofI is always evolving, always eliminating bottlenecks from a process and cost perspective,” Tenner said. “This is a company that has very effectively navigated the last several years of growth.”
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As an example, San Diego-based BofI decided six years ago to expand from mortgage lending to commercial lending.
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BofI then expanded into equipment financing for construction companies and bridge lending for real estate developers
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Tenner highlights BofI’s ability to “pivot” as one of its strengths. He noted it is in the midst of a rebranding exercise, for which few details are known
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