Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 87

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 87
---
3.3 million, or 3.7%, respectively, compared to the prior year period. The decreases reflect lower broker-dealer clearing charges and other costs.

42

The following table provides selected information for Axos Clearing:

(Dollars in thousands)March 31, 2025June 30, 2024FDIC insured deposit program balances at banks$1,337,184 $1,289,105 Margin balances$282,438 $219,848 Cash reserves for the benefit of customers$157,139 $113,676 Securities lending:Interest-earning assets – securities borrowed$91,915 $67,212 Interest-bearing liabilities – securities loaned$111,094 $74,177 

FINANCIAL CONDITION

Balance Sheet Analysis

Our total assets increased $1.1 billion, or 4.9%, to $24.0 billion at March 31, 2025, from $22.9 billion at June 30, 2024, primarily attributable to an increase in loans. Our total liabilities increased $0.8 billion, or 4.0%, to $21.4 billion at March 31, 2025 from $20.6 billion at June 30, 2024, primarily attributable to higher deposit balances.

Loans and Allowance for Credit Losses - Loans

The following table sets forth the composition of the loan portfolio:

March 31, 2025June 30, 2024(Dollars in thousands)AmountPercentAmountPercentSingle Family - Mortgage & Warehouse$4,194,821 20.2 %$4,178,832 21.1 %Multifamily and Commercial Mortgage13,340,618 16.1 %3,861,931 19.5 %Commercial Real Estate16,356,559 30.7 %6,088,622 30.7 %Commercial & Industrial - Non-RE6,389,964 30.8 %5,241,766 26.5 %Auto & Consumer447,294 2.2 %431,660 2.2 %Total gross loans20,729,256 100.0 %19,802,811 100.0 %Allowance for credit losses - loans(279,950)(260,542)Unaccreted discounts and loan fees(255,676)(310,884)Total