Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 63

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 in thousands)Banking Business SegmentSecurities Business SegmentCorporate/EliminationsAxos ConsolidatedGoodwill$35,721 $59,953 $1,999 $97,673 Total Assets$22,165,627 $649,254 $40,453 $22,855,334 

29

Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.For the Three Months EndedFor the Six Months Ended December 31, December 31, (Dollars in thousands)2024202320242023Advisory fee income$7,982 $7,362 $15,927 $15,581 Broker-dealer clearing fees5,706 6,068 10,778 11,603 Deposit service fees2,537 2,414 3,310 3,094 Card fees683 732 1,606 1,414 Bankruptcy trustee and fiduciary service fees1,106 1,397 2,395 2,791     Non-interest income (in-scope of ASC 606)18,014 17,973 34,016 34,483     Non-interest income (out-of-scope of ASC 606)9,785 106,156 22,392 124,153     Total non-interest income$27,799 $124,129 $56,408 $158,636 

11.        BORROWINGS, SUBORDINATED NOTES AND DEBENTURES

Subordinated Notes. On July 15, 2024, the Company paid $2.6 million to repurchase $3.0 million par value of its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 1, 2032 resulting in a pre-tax non-cash gain on extinguishment of $0.4 million, after accounting for unamortized issuance costs and accrued interest. On September 27, 2024, the Company paid $9.2 million to repurchase $9.5 million par value of its 4.875% Fixed-to-Floating Rate Sub