Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 73

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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206,118$1,309,313$255,342$1,807,626Loan originations for sale$66,826$44,325$136,396$96,910Return on average assets1.74 %2.90 %1.83 %2.29 %Return on average common stockholders’ equity16.97 %30.39 %18.02 %23.72 %Interest rate spread23.91 %3.58 %4.01 %3.48 %Net interest margin34.83 %4.55 %5.00 %4.46 %Net interest margin3 – Banking Business Segment4.87 %4.62 %5.04 %4.54 %Efficiency ratio447.20 %34.54 %46.58 %40.50 %Efficiency ratio4 – Banking Business Segment40.95 %30.96 %40.37 %36.78 %Asset Quality Ratios:Net annualized charge-offs to average loans0.10 %0.04 %0.13 %0.04 %Nonaccrual loans to total loans1.26 %0.65 %1.26 %0.65 %Non-performing assets to total assets1.06 %0.60 %1.06 %0.60 %Allowance for credit losses - loans to total loans held for investment1.37 %1.33 %1.37 %1.33 %Allowance for credit losses - loans to nonaccrual loans5107.58 %205.50 %107.58 %205.50 %

1 See “Use of Non-GAAP Financial Measures.”

2 Interest rate spread represents the difference between the annualized weighted average yield on interest-earning assets and the annualized weighted average rate paid on interest-bearing liabilities.

3  Net interest margin represents annualized net interest income as a percentage of average interest-earning assets.

4 Efficiency ratio represents non-interest expense as a percentage of the aggregate of net interest income and non-interest income.

5 The decrease in the Allowance for credit losses - loans to nonaccrual loans is primarily attributable to the change in nonaccrual loans. For additional information on non-accrual loans, see “Financial Condition” herein.

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