Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 128

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 AOCI will be recognized in income over the next 12 months. The maximum length of time over which forecasted transactions are hedged is approximately 2.5 years.Derivatives not designated as hedging instrumentsThe following table presents the pre-tax gains/(losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income:For the Three Months Ended March 31, For the Nine Months Ended March 31, (Dollars in thousands)2025202420252024Interest rate contractsBanking and service fees$(272)$27 $(1,829)$417 Mortgage banking and servicing rights income136 98 (249)606 Foreign exchange contractsBanking and service fees(29)— (29)— 

6.    OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS

The Company enters into derivatives transactions as part of its mortgage banking activities, market making activity in interest rate swap and cap derivatives to facilitate customer demand and hedging activities related to interest rate risk management, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. For additional information on offsetting see Note 7—“Offsetting of Derivatives and Securities Financing Agreements” in the 2024 Form 10-K.The following tables present information about the offsetting of these instruments and related collateral amounts:March 31, 2025(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$91,915 $— $91,915 $91,915 $— Other Assets — Derivative Assets116,155 — 16,155 11,788 4,367 Liabilities:Securities loaned$111,094 $— $111,094 $111,094 $— Accounts Payable and Other Liabilities — Derivative Liabilities72,642 — 72,642 4,043 68,599 

22

June 30, 2024(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$67,212 $— $67,212 $67,212 $— Other Assets — Derivative Assets