Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 110

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateWeighted-Average LTV48 %57 %49 %43 %Median LTV51 %53 %47 %43 %The following table presents the components of the provision for credit losses:For  September 30, (Dollars in thousands)20252024Provision for credit losses - loans$15,255 $11,500 Provision for credit losses - unfunded lending commitments2,000 2,500     Total provision for credit losses$17,255 $14,000 

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The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:For the Three Months Ended September 30, 2025(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at July 1, 2025$12,109 $26,238 $113,804 $121,641 $16,257 $290,049 Allowance for credit losses at acquisition of PCD loans— — — 7,795 — 7,795 Provision (benefit) for credit losses - loans(1,571)(1,037)6,549 8,856 2,458 15,255 Charge-offs(395)(3,918)(4)(255)(1,786)(6,358)Recoveries28 — — — 662 690 Balance at September 30, 2025$10,171 $21,283 $120,349 $138,037 $17,591 $307,431 For the Three Months Ended September 30, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at July 1, 2024$16,943 $70,771 $87,780 $76,032 $9,016 $260,542 Provision (benefit) for credit losses - loans464 (1,806)7,252 3,555 2,035 11,500 Charge-offs— (3,357)— (3,032)(2,849)(9,238)Recoveries46