Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 143

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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)VolumeRateTotalIncrease(Decrease)Increase (decrease) in interest income:Loans$21,540 $(32,043)$(10,503)$126,632 $27,136 $153,768 Non-purchased loans21,701 (25,404)(3,703)54,858 28,395 83,253 Purchased loans1(161)(6,639)(6,800)71,774 (1,259)70,515 Interest-earning deposits in other financial institutions6,773 (5,919)854 27,525 (8,845)18,680 Mortgage-backed and other securities(1,432)(251)(1,683)(4,159)(333)(4,492)Securities borrowed and margin lending1,075 (704)371 764 1,866 2,630 Stock of the regulatory agencies231 (112)119 505 (218)287 Total increase (decrease) in interest income$28,187 $(39,029)$(10,842)$151,267 $19,606 $170,873 Increase (decrease) in interest expense:Interest-bearing demand and savings$12,673 $(32,835)$(20,162)$68,603 $(34,021)$34,582 Time deposits(3,102)(779)(3,881)(7,031)243 (6,788)Securities loaned33 (76)(43)(577)95 (482)Advances from the FHLB(264)(165)(429)(280)(172)(452)Borrowings, subordinated notes and debentures(62)(123)(185)(1,617)(614)(2,231)Total increase (decrease) in interest expense$9,278 $(33,978)$(24,700)$59,098 $(34,469)$24,629 

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

Net Interest Income

For the three months ended March 31, 2025, net interest income totaled $275.5 million, an increase of $13.9 million, or 5.3%, compared to net interest income of $261.6 million for the three months ended March 31, 2024. For the three months ended March