Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 109

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate (“Non-RE”) and Auto & Consumer. For further detail of the segments of the Company’s loan portfolio, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2025 Form 10-K. The Company acquired approximately $1.0 billion of loans and leases, including $211.0 million of PCD assets, as part of the Verdant acquisition, which was completed on September 30, 2025. The loans and leases acquired in the Verdant acquisition are included in the commercial & industrial - Non-RE portfolio. For additional information on the Verdant acquisition, see Note 2, “Acquisitions.”The following table sets forth the composition of the loan portfolio:(Dollars in thousands)September 30, 2025June 30, 2025Single Family - Mortgage & Warehouse$4,540,889 $4,395,278 Multifamily and Commercial Mortgage2,793,762 2,940,739 Commercial Real Estate7,295,572 6,937,187 Commercial & Industrial - Non-RE7,980,981 6,795,497 Auto & Consumer531,044 482,996 Total gross loans23,142,248 21,551,697 Allowance for credit losses - loans(307,431)(290,049)Unaccreted premiums (discounts) and loan fees(199,680)(212,038)Total net loans$22,635,137 $21,049,610 Accrued interest receivable on loans held for investments totaled $120.8 million and $109.6 million as of September 30, 2025 and June 30, 2025, respectively.At September 30, 2025 and June 30, 2025, the Company pledged certain loans totaling $4,112.0 million and $4,284.7 million, respectively, to the FHLB and $8,320.3 million and $8,227.7 million, respectively, to the Federal Reserve Bank of San Francisco (“FRBSF”).The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of September 30, 2025:Total Real Estate LoansSingle Family -