Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 20

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
ITEM 1.FINANCIAL STATEMENTS

AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands, except par value)March 31, 2025June 30, 2024ASSETSCash and cash equivalents$2,001,321 $1,979,979 Restricted cash256,373 205,797 Total cash, cash equivalents and restricted cash2,257,694 2,185,776 Trading securities346 353 Available-for-sale securities79,958 141,611 Stock of regulatory agencies35,299 21,957 Loans held for sale, carried at fair value15,644 16,482 Loans—net of allowance for credit losses of $279,950 as of March 31, 2025 and $260,542 as of June 30, 202420,193,630 19,231,385 Servicing rights, carried at fair value27,585 28,924 Securities borrowed91,915 67,212 Customer, broker-dealer and clearing receivables300,907 240,028 Goodwill and other intangible assets—net135,966 141,769 Other assets842,210 779,837 TOTAL ASSETS$23,981,154 $22,855,334 LIABILITIES AND STOCKHOLDERS’ EQUITYDeposits:Non-interest-bearing$2,969,634 $2,975,631 Interest bearing17,167,080 16,383,586 Total deposits20,136,714 19,359,217 Advances from the Federal Home Loan Bank60,000 90,000 Borrowings, subordinated notes and debentures377,427 325,679 Securities loaned111,094 74,177 Customer, broker-dealer and clearing payables314,399 301,127 Accounts payable and other liabilities377,620 414,538 Total liabilities21,377,254 20,564,738 COMMITMENTS AND CONTINGENCIES (Note 9)STOCKHOLDERS’ EQUITY:Common stock—$0.01 par value; 150,000,000 shares authorized; 70,813,637 shares issued and 56,865,524 shares outstanding as of March 31, 2025