Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 60

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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,957 14,725 7,611 74,293 Other segment items266,358 13,366 (6,552)73,172 Non-interest expense1118,315 28,091 1,059 147,465 Income before taxes$164,767 $9,078 $(14,653)$159,192 1 Includes $9.7 million and $10.6 million for the three months ended September 30, 2025 and 2024, respectively, of non-interest income earned by the Securities Business Segment and non-interest expense incurred by the Banking Business Segment for cash sorting fees related to deposits sourced from Securities Business Segment customers.2 Other segment items includes the non-interest expenses other than salaries and related costs as presented in the Consolidated Statements of Income.

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As of September 30, 2025(Dollars in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedGoodwill$89,588 $59,953 $1,999 $151,540 Total Assets$26,536,563 $841,882 $53,372 $27,431,817 As of June 30, 2025(Dollars in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedGoodwill$35,721 $59,953 $1,999 $97,673 Total Assets$23,988,748 $751,820 $42,510 $24,783,078 Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2025 Form 10-K.For the Three Months Ended September 30, (Dollars in thousands)20252024Advisory fee income$8,525 $7,945 Broker-dealer clearing fees5,814 5,072 Deposit service fees1,168 773 Card fees516 923 Bankruptcy trustee and fiduciary service fees569 1,289     Non-interest income (in-scope of ASC 606)16,592 16,002     Non-interest income (out-of-scope