Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 139

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 139
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 three months ended March 31, 2024. For the nine months ended March 31, 2025, we had net income of $322.2 million, or $5.55 per diluted share, compared to net income of $345.1 million, or $5.88 per diluted share, for the nine months ended March 31, 2024.

Average Balances, Net Interest Income, Yields Earned and Rates Paid

The following table presents information regarding (i) average balances; (ii) the total amount of interest income from interest-earning assets and the weighted average yields on such assets; (iii) the total amount of interest expense on interest-bearing liabilities and the weighted average rates paid on such liabilities; (iv) net interest income; (v) interest rate spread; and (vi) net interest margin: 

For the Three Months Ended,March 31, 2025March 31, 2024(Dollars in thousands)AverageBalance1InterestIncome/ExpenseAverage YieldsEarned/RatesPaid2AverageBalance1InterestIncome/ExpenseAverage YieldsEarned/RatesPaid2Assets:Loans3, 4$19,768,408 $394,777 7.99 %$18,734,531 $405,280 8.65 %Non-purchased loans18,793,216 359,855 7.66 %17,755,545 363,558 8.19 %Purchased loans5975,192 34,922 14.32 %978,986 41,722 17.05 %Interest-earning deposits in other financial institutions2,767,197 30,347 4.39 %2,199,373 29,493 5.36 %Mortgage-backed and other securities492,047 1,012 4.40 %220,176 2,695 4.90 %Securities borrowed and margin lending6383,986 6,072 6.33 %318,723 5,701 7.15 %Stock of the regulatory agencies29,598 514 6.95 %17,250 395 9.16 %Total interest-earning assets23,041,236 432,722 7.51 %21,490,053 443,564 8.26 %Non