Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 94

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 and 25% of subsequent increases to the allowance for credit losses through June 30, 2022. In fiscal year 2025, this cumulative amount is phased out of regulatory capital at 75% and the cumulative amount will be 100% phased out of regulatory capital beginning in fiscal year 2026.

The Company’s and Bank’s capital ratios and requirements were as follows:

Axos Financial, Inc.Axos Bank“Well Capitalized”RatioMinimum CapitalRatio(Dollars in thousands)December 31, 2024June 30, 2024December 31, 2024June 30, 2024Regulatory Capital:Tier 1 $2,394,568$2,167,781$2,295,562$2,181,426Common equity tier 1 $2,394,568$2,167,781$2,295,562$2,181,426Total capital$2,937,826$2,678,489$2,510,421$2,365,061Assets:Average adjusted$23,893,592$22,979,871$23,315,074$22,391,541Total risk-weighted $19,287,561$18,049,571$18,117,890$17,128,880Regulatory Capital Ratios:Tier 1 leverage (to adjusted average assets)10.02 %9.43 %9.85 %9.74 %5.00 %4.00 %Common equity tier 1 capital (to risk-weighted assets)12.42 %12.01 %12.67 %12.74 %6.50 %4.50 %Tier 1 capital (to risk-weighted assets)12.42 %12.01 %12.67 %12.74 %8.00 %6.00 %Total capital (to risk-weighted assets)15.23 %14.84 %13.86 %13.81 %10.00 %8.00 %

Basel III requires all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively composed of common equity tier 1 capital, and it applies to each of the three risk-based capital ratios but not the