Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 21

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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ITEM 1.FINANCIAL STATEMENTS

AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands, except par value)September 30, 2025June 30, 2025ASSETSCash and cash equivalents$2,560,692 $1,933,845 Restricted cash324,903 242,509 Total cash, cash equivalents and restricted cash2,885,595 2,176,354 Trading securities533 649 Available-for-sale securities57,798 66,008 Stock of regulatory agencies35,299 35,163 Loans held for sale, carried at fair value12,202 10,012 Loans—net of allowance for credit losses of $307,431 as of September 30, 2025 and $290,049 as of June 30, 202522,635,137 21,049,610 Servicing rights, carried at fair value26,243 27,218 Securities borrowed182,518 139,396 Customer, broker-dealer and clearing receivables263,095 252,720 Goodwill and other intangible assets—net205,747 134,502 Other assets1,127,650 891,446 TOTAL ASSETS$27,431,817 $24,783,078 LIABILITIES AND STOCKHOLDERS’ EQUITYDeposits:Non-interest-bearing$3,387,318 $3,040,696 Interest bearing18,877,435 17,788,847 Total deposits22,264,753 20,829,543 Advances from the Federal Home Loan Bank60,000 60,000 Secured financings782,423 — Borrowings, subordinated notes and debentures510,064 312,671 Securities loaned204,620 139,426 Customer, broker-dealer and clearing payables385,821 350,606 Accounts payable and other liabilities431,015 410,155 Total liabilities24,638,696 22,102,401 COMMITMENTS AND CONTINGENCIES (Note 10)STOCKHOLDERS’ EQUITY:Common stock—$0.01 par value; 150,000,000 shares authorized; 71,356,152 shares issued and 56,643,