EverBank Financial
EverBank, N.A. is a Jacksonville-based, privately held FDIC-insured national bank offering high-yield deposits, diversified investing (precious metals, foreign currencies, MarketSafe CDs), and commercial financing to consumers, businesses, and commercial clients nationwide via digital channels and physical financial centers in Florida, California, and New York.
- Company typePrivate
- Founded1962
- HeadquartersJacksonville, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What EverBank Financial does
EverBank, N.A. is a privately held, FDIC-insured national banking association headquartered in Jacksonville, Florida, founded in 1962 (originally as a federally chartered savings and loan) and rebranded back from TIAA Bank after TIAA's 2017 acquisition. The bank operates a digital-first distribution model supplemented by physical financial centers in Florida, California, and New York, serving consumer, small and mid-market business, specialty deposit, and commercial clients nationwide. As of March 31, 2026, EverBank reported $47.2B in assets, $37.6B in deposits (over 85% FDIC insured), a 9.0% Tier 1 leverage ratio, and a 13.5% risk-based capital ratio, with contingent liquidity at 3x uninsured deposits.
The core product set centers on the Performance deposit franchise — Performance Savings (3.90% APY for new accounts), Performance Money Market, Performance Checking (0.25% APY), and Performance CDs (up to 4.00% APY for 7-month terms) — supplemented by CDARS CDs providing FDIC coverage up to $50M through the IntraFi Network. The Diversified Investing division operates the World Markets platform offering Metals Select (gold, silver, platinum, palladium), WorldCurrency (over 20 currencies), and MarketSafe principal-protected CDs. Business banking spans Business Checking, Analysis Checking, Business Money Market, Business CDs, Business CDARS CDs, SBA 7(a) and 504 loans, Specialty Deposits, Treasury Management, Merchant Services (via Celero), and Foreign Exchange. Commercial finance includes asset-backed financing, C&I lending, corporate asset finance, multifamily lending, structured mortgage financing, and vendor equipment financing.
Revenue is generated primarily through net interest income on the deposit-funded loan and investment portfolio, supplemented by commercial lending fees, SBA origination fees, treasury management and merchant services referral revenue (Celero), and trading-related fees in the World Markets franchise. Recent strategic activity underscores a growth orientation: the $261M acquisition of Sterling Bank & Trust (September 2024) and acquisition of Life Premium Finance (October 2024), $350M of subordinated debt issued across 2024–2025, and 2026 lending partnerships with Parafin (warehouse facility A-note) and Idea Financial ($20M term loan). Digital infrastructure comprises a web platform, iOS/Android mobile apps, Zelle P2P integration, Apple Pay/Google Pay/Samsung Pay support, and access to over 80,000 fee-free ATMs via the Allpoint and MoneyPass networks.
EverBank Financial firmographics
Firmographics- Name
- EverBank Financial
- Legal name
- EverBank, N.A.
- Website
- https://everbank.com
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- EverBank, N.A. is a Jacksonville-based, privately held FDIC-insured national bank offering high-yield deposits, diversified investing (precious metals, foreign currencies, MarketSafe CDs), and commercial financing to consumers, businesses, and commercial clients nationwide via digital channels and physical financial centers in Florida, California, and New York.
- Ownership category
- akta.pro rank
EverBank Financial industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- National Commercial Banks (6021), Asset-Backed Securities (6189)
- akta.pro primary industry
- Credit Cards & Revolving Credit (FSABAAAC)
- akta.pro secondary industries
- Structured Credit (ABS/MBS/CLO/CDO) (FSAHAGAC), Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
Keywords
Where EverBank Financial is headquartered
LocationHeadquarters
- HQ city
- Jacksonville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
EverBank Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Deposits: Traditional banking model where EverBank earns interest income on deposits held by customers, using those funds to generate returns through lending and investment activities. The bank offers competitive deposit rates to attract customer funds.
- Commercial Lending: EverBank provides commercial financing solutions including SBA loans (7(a) and 504 programs), corporate term loans, and commercial real estate financing, generating interest income and fees.
- Warehouse Credit Facility Lending: EverBank participates as A-note lender in warehouse credit facilities for specialty lenders like Parafin, generating interest income from corporate lending arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Performance Savings: 3.90% APY for all balances, $0 minimum to open, no monthly maintenance fee |
| Subscription | Annual | Performance CD: 4.00% APY for 7-month term, $1,000 minimum to open |
| Subscription | Monthly | Performance Checking: 0.25% APY on all balance tiers, $100 minimum to open |
| Subscription | Monthly | Business Money Market: Up to 3.50% APY for balances $50,000+, $1,500 minimum to open |
| Subscription | Annual | Business CD: 3.70% APY for 6-month, 3.60% for 12-month, $1,500 minimum to open |
| Subscription | Annual | CDARS CD: FDIC coverage up to $50M, rates from 2.66% (2-year) to 3.22% (3-year), $10,000 minimum |
| Unit Pricing | Pay-as-you-go | Precious Metals (Coins): Minimum $7,500 to open, pricing within 1% of wholesale |
| Unit Pricing | Pay-as-you-go | Foreign Currency Accounts: $2,500 to open for Access Account, $10,000 for single-currency CDs, FDIC-insured |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
EverBank Financial product offering
Product offeringCore offering
EverBank, N.A. is a nationwide specialty bank offering high-yield personal deposit accounts (savings, CDs, money market, checking), expanded FDIC coverage through CDARS, SBA loans, commercial financing, treasury management, merchant services, and a diversified investing platform covering precious metals, foreign currencies, and principal-protected MarketSafe CDs. The bank operates a digital-first distribution model via website and mobile app, complemented by select financial centers in Florida, California, and New York.
Product overview
EverBank is a nationwide digital bank offering a comprehensive suite of personal, business, and commercial banking products. The core personal banking platform consists of high-yield deposit accounts including EverBank Performance® Savings (3.90% APY), EverBank Performance® CD (up to 4.00% APY), EverBank Performance® Money Market, and EverBank Performance® Checking (0.25% APY), all designed for competitive yields and fee-free banking. For expanded FDIC coverage, the CDARS® CD enables coverage up to $50 million through the IntraFi Network. The Diversified Investing division offers Metals Select® precious metals (gold, silver, platinum, palladium), WorldCurrency® foreign currency accounts and CDs, and MarketSafe® principal-protected CDs. Business banking includes Business Checking, Analysis Checking, Business Money Market, Business CDs, Business CDARS CDs, and SBA Loans (7(a) and 504 programs up to $5.5M). Commercial services encompass Specialty Deposits, Treasury Management, Merchant Services, and Foreign Exchange. Digital access is provided through Online Banking, Mobile Banking, and Zelle® P2P payments. The bank is headquartered in Jacksonville, Florida, and holds a 5-star BauerFinancial rating.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 3.90% APY on Performance Savings vs 0.38% national average (10x higher)
- +5 more outcomes
Companies that use EverBank Financial
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles6 records
EverBank Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
EverBank Financial partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CelerocoreCelero is EverBank's provider for merchant services and payment solutions. Celero provides payment processing terminals (dial-up, wireless, Internet POS), electronic check services, mobile payment acceptance, and accepts major credit cards including international MasterCard, Visa, American Express, and Discover. EverBank receives referral fees for new merchant services accounts.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
EverBank Financial competitors and assessment
Company assessmentDirect peers
- Ally Financial: Direct competitor in online high-yield savings, CDs, and money market accounts for rate-sensitive retail depositors. Operates a similar digital-first deposit franchise with comparable fee-free, mobile-led banking and competes head-to-head on APYs.
- Synchrony Financial: Operates Synchrony Bank, which offers online savings products and CDs comparable to EverBank's deposit lineup. Overlaps on credit-card-linked deposit relationships and consumer finance.
- Discover Financial Services: Direct competitor in online savings, money market, and CD products with a national direct-to-consumer digital banking model. Similar competitive set on high-yield deposits and credit card-led banking relationships.
- Marcus by Goldman Sachs: Goldman Sachs' online deposit franchise competing directly on high-yield savings and CDs. Targets the same rate-driven retail deposit segment with a brand-backed online-only model.
- Axos Financial: Digital-focused bank with high-yield savings, money market, and CDs targeting the same online retail deposit niche. Comparable asset scale and similar business/commercial banking extension.
Broad incumbents
- Webster Financial: Mid-size commercial bank with a strong digital deposit franchise (HSA Bank) and commercial banking operations. Comparable regional/national bank profile and deposit-led funding model.
- First Citizens BancShares: Diversified regional/national bank that acquired Silicon Valley Bank's commercial franchise. Comparable commercial banking footprint and now co-participates with EverBank in Parafin's warehouse facility.
- Capital One: Large diversified bank with a significant digital retail deposit franchise (Capital One 360) and commercial banking unit. Overlaps on online savings, money market, and CDs at higher scale and broader product breadth.
Others
- IntraFi Network (CDARS): Infrastructure provider whose CDARS network enables EverBank's up-to-$50M FDIC coverage product. Both a critical partner and a structural enabler of EverBank's specialty deposit differentiation.
Emerging players
- Live Oak Bancshares: Digital-first, SBA-focused commercial bank and the largest SBA 7(a) lender by unit volume. Highly comparable on SBA Preferred Lender status and digital commercial lending orientation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
EverBank Financial social profiles
Digital presenceEverBank Financial compliance and trust
Trust signalCompliance3 records
EverBank Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
EverBank Financial leadership team
Management profileNumber of profiles
Profiles6 records
EverBank Financial funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EverBank Financial M&A and investment
M&A and investmentM&A4 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EverBank Financial
What does EverBank Financial do?
EverBank, N.A. is a nationwide specialty bank offering high-yield personal deposit accounts (savings, CDs, money market, checking), expanded FDIC coverage through CDARS, SBA loans, commercial financing, treasury management, merchant services, and a diversified investing platform covering precious metals, foreign currencies, and principal-protected MarketSafe CDs. The bank operates a digital-first distribution model via website and mobile app, complemented by select financial centers in Florida, California, and New York.
Is EverBank Financial a public or private company?
EverBank Financial is a private company. It is classified as unknown and is currently operating.
When was EverBank Financial founded?
EverBank Financial was founded in 1962. It employs 1,001 to 5,000 people.
Where is EverBank Financial based?
EverBank Financial is headquartered in Jacksonville, United States, in the North America region.
How does EverBank Financial make money?
Three revenue lines are on record. Interest Income from Deposits are the primary driver. The others are commercial Lending and warehouse Credit Facility Lending.
Who are EverBank Financial's main competitors?
Direct peers on record are Ally Financial, Synchrony Financial, Discover Financial Services, Marcus by Goldman Sachs and Axos Financial. Broad incumbents are Webster Financial, First Citizens BancShares and Capital One. IntraFi Network (CDARS) is listed as an others. Live Oak Bancshares is listed as an emerging player.
Does EverBank Financial have an API?
No public API is recorded for EverBank Financial.
What industry is EverBank Financial in?
EverBank Financial's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAC, Credit Cards & Revolving Credit, with a secondary code of FSAHAGAC, Structured Credit (ABS/MBS/CLO/CDO). Its NAICS code is 522110 and its SIC code is 6021.