Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 22

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 NON-INTEREST INCOME:Broker-dealer fee income11,039 12,519 22,099 24,996 Advisory fee income7,982 7,362 15,927 15,581 Banking and service fees9,813 10,061 18,426 18,411 Mortgage banking and servicing rights income(1,797)753 (1,347)4,631 Prepayment penalty fee income762 1,037 1,303 2,620 Gain on acquisition— 92,397 — 92,397 Total non-interest income27,799 124,129 56,408 158,636 NON-INTEREST EXPENSE:Salaries and related costs74,097 58,883 148,390 114,694 Data and operational processing19,314 18,326 38,299 34,410 Depreciation and amortization7,031 6,488 14,481 12,366 Advertising and promotional11,045 9,794 25,298 20,169 Professional services9,072 5,976 18,967 15,787 Occupancy and equipment4,206 4,001 8,524 7,847 FDIC and regulatory fees6,992 3,935 12,948 8,384 Broker-dealer clearing charges4,299 5,948 8,606 9,960 General and administrative expense9,264 8,488 17,272 18,728 Total non-interest expense145,320 121,839 292,785 242,345 INCOME BEFORE INCOME TAXES150,330 217,396 309,522 335,552 INCOME TAXES45,643 65,625 92,495 101,136 NET INCOME$104,687 $151,771 $217,027 $234,416 Basic earnings per common share$1.83 $2.65 $3.81 $4.04 Diluted earnings per common share$1.80 $2.62 $3.72 $3.98 

See accompanying notes to the condensed consolidated financial statements.

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AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPRE