Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 92

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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5, we had net cash inflows from operating activities of $307.0 million compared to inflows of $268.5 million for the nine months ended March 31, 2024. Net operating cash inflows and outflows fluctuate primarily due to the timing of the following: originations of loans held for sale, proceeds from loan sales, securities borrowed and loaned, and customer, broker-dealer and clearing receivables and payables and changes in other assets and payables.

Net cash outflows from investing activities totaled $992.3 million for the nine months ended March 31, 2025, while outflows totaled $2,162.1 million for the nine months ended March 31, 2024. The decrease in outflows was primarily due to absence of the FDIC Loan Purchase in the nine months ended March 31, 2025 as compared to the nine months ended March 31, 2024.

Net cash inflows from financing activities totaled $757.2 million for the nine months ended March 31, 2025, compared to net cash inflows from financing activities of $1,857.5 million for the nine months ended March 31, 2024. The decrease in net cash inflows from financing was primarily driven by a lower net increase in deposits during the nine months ended March 31, 2025.

As of March 31, 2025, the Bank could borrow up to 35% of its total assets from the FHLB. Borrowings are collateralized by pledging certain mortgage loans and available-for-sale securities to the FHLB. At March 31, 2025, the Company had $2,813.5 million available immediately and $4,820.7 million available with additional collateral and the Company had $4,272.6 million of loans and $0.1 million of securities pledged to the FHLB. At March 31, 2025, the Company had $250.0 million in unsecured federal funds lines of credit with five major banks under which there were no borrowings outstanding.

The Bank has the ability to borrow short-term from the FRBSF Discount Window. At March 31, 2025, the Bank did not have any borrowings outstanding and the amount available from this source was $7,554.3 million. Borrowings are collateralized by pledging commercial loans and consumer loans. At March 31, 2025, the Bank had $