Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 25

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Other accretion and amortization(21,699)(37,358)Stock-based compensation expense10,826 10,239 Trading activity116 (241)Provision for credit losses17,255 14,000 Deferred income taxes38,919 464 Origination of loans held for sale(47,122)(69,570)Unrealized and realized gains on loans held for sale(783)(2,881)Proceeds from sale of loans held for sale44,922 74,532 Change in the fair value of servicing rights1,207 1,765 Gain on repurchase of subordinated notes— (604)Net change in assets and liabilities which provide (use) cash:Securities borrowed(43,122)(17,114)Customer, broker-dealer and clearing receivables(10,375)(22,746)Other assets(52,699)4,243 Securities loaned65,194 21,706 Customer, broker-dealer and clearing payables35,215 14,858 Accounts payable and other liabilities(40,114)(40,295)Net cash provided by operating activities118,433 70,788 CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of available-for-sale securities— (16,000)Proceeds from sale and repayment of available-for-sale securities8,569 21,564 Purchase of stock of regulatory agencies— (12,446)Net change in loans held for investment(637,164)(48,333)Proceeds from sale of loans originally classified as held for investment82,304 27,800 Proceeds from sale of other real estate owned and repossessed assets260 2,202 Acquisition of business, net of cash acquired(474,448)— Purchases of furniture, equipment, software and intangibles(9,149)(17,770)Purchases of other investments(3,826)(2,558)Distributions received from other investments75 — Net cash used in investing activities(1,033,379)(45,541)CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in deposits1,435,210 614,112 Payments related to settlement of restricted stock units(8,473)(9,476)Repurchase of subordinated notes— (11,803)Payment of debt issuance costs(2,550)— Proceeds from