Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 159

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 159
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 capital and ratios. The amounts in the following table reflect this election. This guidance allowed an entity to add back to regulatory capital 100% of the impact of the day-one CECL transition adjustment 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)March 31, 2025June 30, 2024March 31, 2025June 30, 2024Regulatory Capital:Tier 1 $2,475,063$2,167,781$2,330,763$2,181,426Common equity tier 1 $2,475,063$2,167,781$2,330,763$2,181,426Total capital$3,039,361$2,678,489$2,554,697$2,365,061Assets:Average adjusted$23,682,841$22,979,871$22,985,805$22,391,541Total risk-weighted $19,978,545$18,049,571$18,933,141$17,128,880Regulatory Capital Ratios:Tier 1 leverage (to adjusted average assets)10.45 %9.43 %10.14 %9.74 %5.00 %4.00 %Common equity tier 1 capital (to risk-weighted assets)12.39 %12.01 %12.31 %12.74 %6.50 %4.50 %Tier 1 capital (to risk-weighted assets)12.39 %12.01 %12.31 %12.74 %8.00 %6.00 %Total capital (to risk-weighted assets)15.21 %14.84 %13.49 %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 rep