Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 54

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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ting of Derivatives and Securities Financing Agreements” in the 2024 Form 10-K.The following tables present information about the offsetting of these instruments and related collateral amounts:December 31, 2024(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$114,672 $— $114,672 $114,672 $— Other Assets — Derivative Assets116,363 — 16,363 15,221 1,142 Liabilities:Securities loaned$135,258 $— $135,258 $135,258 $— Accounts Payable and Other Liabilities — Derivative Liabilities83,957 — 83,957 1,147 82,810 

24

June 30, 2024(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$67,212 $— $67,212 $67,212 $— Other Assets — Derivative Assets106,796 — 106,796 18,524 88,272 Liabilities:Securities loaned$74,177 $— $74,177 $74,177 $— Accounts Payable and Other Liabilities — Derivative Liabilities102,949 — 102,949 414 102,535 1 Other Assets - Derivative Assets are presented net of $78.0 million of variation margin on centrally-cleared derivatives as of December 31, 2024.2 Amounts not offset reflect cash collateral received on Derivative Assets of $14.2 million and $18.1 million as of December 31, 2024 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.1 million as of December 31, 2024. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024.The securities loaned transactions represent equities with an overnight and open maturity classification as of both periods presented.

7.    STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION

The Company has an equity incentive plan, the Amended and Restated