Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 58

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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es included in net income(1,478)457 (1,021)— — — Net change7,148 (2,210)4,938 — — — Total other comprehensive income$7,879 $(2,406)$5,473 $3,861 $(1,170)$2,691 

8.    EARNINGS PER COMMON SHARE

The following table presents the calculation of basic and diluted earnings per common share (“EPS”):Three Months EndedSix Months EndedDecember 31, December 31, (Dollars in thousands, except per share data)2024202320242023Earnings Per Common ShareNet income$104,687 $151,771 $217,027 $234,416 Average common shares issued and outstanding57,094,153 57,216,621 57,014,412 58,082,830 Earnings per common share$1.83 $2.65 $3.81 $4.04 Diluted Earnings Per Common ShareAverage common shares issued and outstanding57,094,153 57,216,621 57,014,412 58,082,830 Dilutive effect of average unvested RSUs1,131,853 716,213 1,248,511 847,597 Average dilutive common shares outstanding58,226,006 57,932,834 58,262,923 58,930,427 Diluted earnings per common share$1.80 $2.62 $3.72 $3.98 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS)32,933 1,598 17,333 837 For further information regarding the Company’s EPS calculation, see Note 17—“Earnings per Common Share” in the 2024 Form 10-K.

9.        COMMITMENTS AND CONTINGENCIES

Credit-Related Financial Instruments. The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Balance Sheets.The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The