Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 76

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 76
---
 and clearing receivables on the unaudited Condensed Consolidated Balance Sheets. 7.Interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate paid on interest-bearing liabilities.8.Net interest margin represents annualized net interest income as a percentage of average interest-earning assets.

37

For the Six Months Ended,December 31, 2024December 31, 2023(Dollars in thousands)AverageBalance1InterestIncome/ExpenseAverage YieldsEarned/RatesPaid2AverageBalance1InterestIncome/ExpenseAverage YieldsEarned/RatesPaid2Assets:Loans3, 4$19,545,195 $849,097 8.69 %$17,075,797 $684,826 8.02 %Non-purchased loans18,574,872 759,835 8.18 %16,945,974 672,879 7.94 %Purchased loans5970,323 89,262 18.40 %129,823 11,947 18.51 %Interest-earning deposits in other financial institutions2,871,995 74,073 5.16 %2,058,407 56,247 5.47 %Mortgage-backed and other securities4134,240 3,527 5.25 %235,929 6,336 5.37 %Securities borrowed and margin lending6324,521 12,721 7.84 %334,105 10,462 6.26 %Stock of the regulatory agencies24,305 912 7.50 %17,250 744 8.63 %Total interest-earning assets22,900,256 940,330 8.21 %19,721,488 758,615 7.69 %Non-interest-earning assets811,450 768,570 Total assets$23,711,706 $20,490,058 Liabilities and Stockholders’ Equity:Interest-bearing demand and savings$16,134,067 $339,209 4.20 %$13,389,681 $284,465 4.25 %Time deposits902,560 18,919 4.19 %1,087,896 21,826 4.01 %Securities loaned105