Company: AX
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001299709-25-000159
Chunk: 6

Company: Axos Financial, Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 6
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 Risk Factors ” below and in “Item 1A. Risk Factors” of our 2025 Form 10-K, and the Company’s other reports filed with the SEC from time to time.

Factors that could cause actual results to differ from these forward-looking statements include, but are not limited to, the following, as well as those discussed elsewhere in this prospectus, any accompanying prospectus supplement and in the documents incorporated by reference herein:

• Changes in interest rates, including recent increases to interest rates;

• General economic and market conditions, including the risk of a significant and/or prolonged period of inflation or economic downturn;

• Changes in the value of securities in our investment portfolio;

• The market price of our common stock may be volatile;

• The soundness of other financial institutions;

• Securities risks related to our broker-dealer business and investment advisory business;

• Our ability to access the equity capital markets;

• Access to adequate funding;

• Our credit ratings;

• The political environment and governmental fiscal and monetary policies;

• Changes in U.S. trade policies and tariffs;

• Changes in regulation, regulatory capital requirements or regulatory oversight, accounting rules, and laws;

• Failure to comply with applicable consumer protection laws or regulations, or to satisfy regulators’ supervisory expectations, including those of the Consumer Financial Protection Bureau, the Community Reinvestment Act, or lending laws and regulations;

• Changes in the substance or interpretation of federal and state tax laws;

• Regulatory scrutiny of our broker-dealer business and investment advisory business;

• Market, environmental and project-specific risks related to our real estate portfolio;

• Higher FDIC assessments;

• Changes in real estate values;

• Possible defaults on our multifamily residential loans;

• Mortgage buying activity of Fannie Mae and Freddie Mac;

• Financial and credit risks associated with commercial and industrial loans and commercial real estate loans;

• Seasonal fluctuations in mortgage originations;

• The adequacy of our allowance for credit losses;

• Changes in the value of goodwill and other intangible assets;

• Competition for customers from other banks and financial services companies;

• Our ability to maintain and enhance our brand;

• Reputational risk associated with any negative publicity;

• Our ability to retain the services of key personnel and attract, hire, and retain other skilled managers;

• Our charter documents and state law may delay or prevent a change of control or changes in our management;

• Changes to our size and structure;

• Entry into new lines of business or the purchase or introduction of new assets or products and services;

• Our ability to acquire