Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 63

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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,077)$847,611 Provision for credit losses40,748 — — 40,748 Non-interest income24,204 89,517 (23,940)89,781 Non-interest expense351,176 84,685 3,185 439,046 Income before taxes$469,752 $26,048 $(38,202)$457,598 For the Nine Months Ended March 31, 2024(Dollars in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedNet interest income$694,289 $18,755 $(11,677)$701,367 Provision for credit losses26,500 — — 26,500 Non-interest income128,244 99,942 (36,387)191,799 Non-interest expense308,027 87,979 (20,433)375,573 Income before taxes$488,006 $30,718 $(27,631)$491,093 As of March 31, 2025(Dollars in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedGoodwill$35,721 $59,953 $1,999 $97,673 Total Assets$23,206,934 $767,441 $6,779 $23,981,154 As of June 30, 2024(Dollars in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedGoodwill$35,721 $59,953 $1,999 $97,673 Total Assets$22,165,627 $649,254 $40,453 $22,855,334 

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Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.For the Three Months EndedFor the Nine Months Ended March 31, March 31, (Dollars in thousands)2025202420252024Advisory fee income$8,120 $8,105 $24,047 $23,