Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 21

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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; 70,221,632 shares issued and 56,894,565 shares outstanding as of June 30, 2024706 702 Additional paid-in capital528,862 510,232 Accumulated other comprehensive income (loss)—net of income tax3,007 (2,466)Retained earnings2,402,644 2,185,617 Treasury stock, at cost; 13,473,700 shares as of December 31, 2024 and 13,327,067 shares as of June 30, 2024(413,257)(403,489)Total stockholders’ equity2,521,962 2,290,596 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$23,709,422 $22,855,334 

See accompanying notes to the condensed consolidated financial statements.

1

Table of Contents

AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited) 

Three Months EndedSix Months EndedDecember 31, December 31, (Dollars in thousands, except earnings per common share)2024202320242023INTEREST AND DIVIDEND INCOME:Loans, including fees$410,868 $357,852 $849,097 $684,826 Securities borrowed and customer receivables6,450 5,467 12,721 10,462 Investments and other38,750 31,344 78,512 63,327 Total interest and dividend income456,068 394,663 940,330 758,615 INTEREST EXPENSE:Deposits170,859 160,181 358,128 306,291 Advances from the Federal Home Loan Bank507 530 1,036 1,059 Securities loaned480 1,010 1,020 1,459 Other borrowings4,123 4,336 7,999 10,045 Total interest expense175,969 166,057 368,183 318,854 Net interest income280,099 228,606 572,147 439,761 Provision for credit losses12,248 13,500 26,248 20,500 Net interest income, after provision for credit losses267,851 215,106 545,899 419,261