Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 160

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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 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.

49

Banking Business Segment

The following table sets forth the amounts of interest earning assets and interest bearing liabilities that were outstanding at December 31, 2024 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 atDecember 31, 2024(Dollars in thousands)Six Months or LessOver Six Months Through One YearOver OneYear ThroughFive YearsOver FiveYearsTotalInterest-earning assets:Cash and cash equivalents$2,505,415$—$—$—$2,505,415Available-for-sale securities163,9644,23217,83511,81797,848Stock of the FHLB, at cost29,598———29,598Loans213,325,4101,868,0204,181,972111,22519,486,627Loans held for sale25,436———25,436Total interest-earning assets15,949,8231,872,2524,199,807123,04222,144,924Non-interest-earning assets————774,893Total assets$15,949,823$1,872,252$4,199,807$123,042$22,919,817Interest-bearing liabilities:Interest-bearing deposits3$16,800,453$45,214$221,489$—$17,067,156Advances from the FHLB——60,000—60,000Total interest-bearing liabilities16,800,45345,214281,489—17,127,156Other non-interest-bearing liabilities————3,369,753Stockholders’ equity————2,422,908Total liabilities and equity$16,800,453$45,214$281,489$—$22,919,817Net interest rate sensitivity gap$(850,630)$1,827,038$3,918