Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 148

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 7
Chunk 148
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696 $2,975,631 $2,898,150 Interest-bearing demand and savings16,660,290 15,445,490 12,910,396 Time deposits1,128,557 938,096 1,314,562 Total interest-bearing17,788,847 16,383,586 14,224,958 Total deposits1$20,829,543 $19,359,217 $17,123,108 

1 Total deposits includes brokered deposits of $1,801.1 million and $1,611.6 million as of June 30, 2025 and 2024, respectively, which include brokered time deposits of $700.0 million and $400.0 million as of June 30, 2025 and 2024, respectively.

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The following table sets forth the average balance, the interest expense and the average rate paid by type of deposit:

For the Fiscal Year Ended June 30, 202520242023(Dollars in thousands)Average BalanceInterest ExpenseAvg. Rate PaidAverage BalanceInterest ExpenseAvg. Rate PaidAverage BalanceInterest ExpenseAvg. Rate PaidNon-interest-bearing$2,968,839 $— — $2,769,272 $— — $3,730,524 $— — Interest-bearing:Demand3,613,524 152,064 4.21 %3,702,727 170,140 4.59 %4,047,717 99,119 2.45 %Savings12,567,490 480,855 3.83 %10,649,842 456,538 4.29 %6,164,020 206,536 3.35 %Time deposits859,400 34,834 4.05 %1,062,644 43,892 4.13 %1,225,537 33,826 2.76 %Total interest-bearing deposits17,040,414 667,753 3.92 %15,415,213 670,570 4.37 %11,437,274 339,481 2.97 %Total deposits$20,009,253 $667,753 3.34 %$18,184,485 $670,570