Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 142

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 2
Chunk 142
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19,384 12,086 31,470 26,736 60,220 86,956 Purchased loans125,181 (3,636)21,545 77,386 (71)77,315 Interest-earning deposits in other financial institutions12,765 (3,853)8,912 21,172 (3,346)17,826 Mortgage-backed and other securities(1,420)(213)(1,633)(2,670)(139)(2,809)Securities borrowed and margin lending(15)998 983 (309)2,568 2,259 Stock of the regulatory agencies240 (112)128 274 (106)168 Total increase (decrease) in interest income$56,135 $5,270 $61,405 $122,589 $59,126 $181,715 Increase (decrease) in interest expense:Interest-bearing demand and savings$24,558 $(13,271)$11,287 $58,103 $(3,359)$54,744 Time deposits(707)98 (609)(3,851)944 (2,907)Securities loaned(320)(212)(532)(717)278 (439)Advances from the FHLB(18)(4)(22)(19)(4)(23)Borrowings, subordinated notes and debentures(368)154 (214)(1,567)(479)(2,046)Total increase (decrease) in interest expense$23,145 $(13,235)$9,910 $51,949 $(2,620)$49,329 

1 Purchased loans include loans, loan discounts and unearned fees related to the FDIC Loan Purchase.

Net Interest Income

For the three months ended December 31, 2024, net interest income totaled $280.1 million, an increase of $51.5 million, or 22.5%, compared to net interest income of $228.6 million for the three months ended December 31, 2023. For the three months ended December 31, 2024, net interest margin increased by 28 basis points compared to the net interest margin of 4.55% for the three months ended December 31, 2023.

For the three months ended December 31, 2024, total interest