Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 90

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 interest rate environment, an institution with a positive gap would be in a better position than an institution with a negative gap to invest in higher yielding assets or to have its asset yields adjusted upward, which would cause the yield on its assets to increase at a faster pace than the cost of its interest-bearing liabilities. Conversely, absent any subsequent asset and liability actions by management, during a period of falling interest rates, an institution with a positive gap would tend to have its assets reprice at a faster rate than one with a negative gap, which would tend to reduce the growth in its net interest income.

Banking Business Segment

The following table sets forth the amounts of interest earning assets and interest bearing liabilities that were outstanding at September 30, 2025 and the portions of each financial instrument that are expected to mature or reset interest rates in each future period:

Term to Repricing, Repayment, or Maturity atSeptember 30, 2025(Dollars in thousands)Six Months or LessOver Six Months Through One YearOver OneYear ThroughFive YearsOver FiveYearsTotalInterest-earning assets:Cash and cash equivalents$2,650,451$—$—$—$2,650,451Available-for-sale securities131,9024,65016,5984,64857,798Stock of the FHLB, at cost29,737———29,737Loans215,741,2792,889,9593,824,109179,79022,635,137Loans held for sale11,566———11,566Total interest-earning assets18,464,9352,894,6093,840,707184,43825,384,689Non-interest-earning assets————1,151,874Total assets$18,464,935$2,894,609$3,840,707$184,438$26,536,563Interest-bearing liabilities:Interest-bearing deposits3$18,725,056$291,277$177,051$—$19,193,384Advances from the FHLB——60,000—60,000Secured financings116,843113,297530,95221,331782,423Total interest-bearing liabilities18,841,899404,574768,00321,33120,035,807Other non-interest-bearing liabilities————3,825,056Stockholders’ equity————2,675,700Total liabilities and equity$18,841,899$404,574$768,