Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 77

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 8
Chunk 77
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1,655,607 1,157,138 INTEREST EXPENSE:Deposits667,753 670,570 339,481 Advances from the Federal Home Loan Bank1,652 3,087 12,644 Securities loaned1,830 2,214 3,673 Other borrowings16,458 18,307 18,219 Total interest expense687,693 694,178 374,017 Net interest income1,127,772 961,429 783,121 Provision for credit losses55,745 32,500 24,250 Net interest income, after provision for credit losses1,072,027 928,929 758,871 NON-INTEREST INCOME:Broker-dealer fee income45,233 48,136 46,503 Advisory fee income31,794 31,335 28,324 Banking and service fees38,195 35,723 32,938 Mortgage banking and servicing rights income13,007 10,000 7,101 Prepayment penalty fee income2,837 5,069 5,622 Gain on acquisition— 92,397 — Total non-interest income131,066 222,660 120,488 NON-INTEREST EXPENSE:Salaries and related costs297,955 250,873 204,271 Data and operational processing80,433 69,370 60,557 Depreciation and amortization29,019 27,086 23,387 Advertising and promotional47,760 42,797 37,150 Professional services37,572 36,532 29,268 Occupancy and equipment17,705 16,704 15,647 FDIC and regulatory fees27,558 20,546 15,534 Broker-dealer clearing charges17,065 18,260 13,433 General and administrative expense34,631 33,940 48,368 Total non-interest expense589,698 516,108 447,615 INCOME BEFORE INCOME TAXES613,395 635,481 431,744 INCOME TAXES180,487 185,473 124,579 NET INCOME$432,908 $450,008 $307,165 Basic earnings per common share$7.61 $7.