Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 134

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 7
Chunk 134
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 from the FHLB74,385 1,652 2.22 %107,454 3,087 2.87 %423,612 12,644 2.98 %Borrowings, subordinated notes and debentures332,665 16,458 4.95 %358,452 18,307 5.11 %362,733 18,219 5.02 %Total interest-bearing liabilities17,560,794 $687,693 3.92 %16,034,671 $694,178 4.33 %12,527,551 $374,017 2.99 %Non-interest-bearing demand deposits2,968,839 2,769,272 3,730,524 Other non-interest-bearing liabilities743,920 745,472 695,617 Stockholders’ equity2,501,881 2,079,521 1,784,078 Total liabilities and stockholders’ equity$23,775,434 $21,628,936  $18,737,770  Net interest income$1,127,772 $961,429 $783,121 Interest rate spread63.97 %3.62 %3.44 %Net interest margin7  4.90 %  4.62 %  4.35 %

1.Average balances are obtained from daily data.

2.Loans include loans held for sale, loan premiums and unearned fees.

3.Interest income includes reductions for amortization of loan and available-for-sale securities premiums and earnings from accretion of discounts and loan fees.

4.Purchased loans include loans, loan discounts and unearned fees related to the FDIC Loan Purchase.

5.Margin lending is the significant component of the asset titled customer, broker-dealer and clearing receivables on the audited Consolidated Balance Sheets.

6.Interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average rate paid on interest-bearing liabilities.

7.Net interest margin represents annualized net interest income as a percentage of average interest-earning assets.

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COMPARISON OF THE FISCAL YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024 

Net Interest Income. The following table sets forth the effects of changing rates and volumes on our net interest income. Information is provided with