Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 27

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 27
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 and not its consolidated subsidiaries.

#### General
The Notes offered hereby will be issued under a subordinated debt indenture, dated as of February 24, 2022, as amended and supplemented by a second supplemental indenture, to be dated as of the Issue Date, between Axos Financial and U.S. Bank Trust Company, National Association, as trustee, which together we refer to in this summary as the “ Subordinated Indenture .”

The Notes will be our general unsecured, subordinated obligations and will rank equally with all of our other unsecured, subordinated obligations from time to time outstanding, including our 2032 Notes and, to the extent not redeemed, our 2030 Notes. The Notes will rank junior to all of our existing and future Senior Indebtedness (as defined below), to the extent and in the manner set forth in the Subordinated Indenture. In addition, the Notes will be effectively subordinated to all of our secured indebtedness to the extent of the value of the assets securing such indebtedness. The Notes will be structurally subordinated to

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all of the existing and future liabilities and obligations of our subsidiaries, including the deposit liabilities and claims of other creditors of our subsidiary bank, Axos Bank. See “ —Subordination .” The Notes will be obligations of Axos Financial, only, and will not be obligations of, and will not be guaranteed by, any of our subsidiaries.

The Notes will mature on , 2035 (the “Maturity Date”), unless previously redeemed or otherwise accelerated. There is no sinking fund for the Notes. We intend for the Notes to qualify (subject to applicable limitations) as Tier 2 capital under applicable capital regulations, guidance, and interpretations of the Board of Governors of the Federal Reserve System (the “Federal Reserve” ).

Beginning with the interest payment date of , 2030, and on any interest payment date thereafter, we may, at our option, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the rules of the Federal Reserve (or, as and if applicable, the rules of any successor appropriate bank regulatory agency) (“Federal Reserve Approval”), redeem the Notes, in whole or in part, at a price equal to 100% of the principal amount of the Notes to be redeemed plus any accrued and unpaid interest to, but excluding, the redemption date. The Notes may not be redeemed by us prior to , 2030