Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 21

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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; 70,221,632 shares issued and 56,894,565 shares outstanding as of June 30, 2024708 702 Additional paid-in capital539,905 510,232 Accumulated other comprehensive income (loss)—net of income tax1,113 (2,466)Retained earnings2,507,850 2,185,617 Treasury stock, at cost; 13,948,113 shares as of March 31, 2025 and 13,327,067 shares as of June 30, 2024(445,676)(403,489)Total stockholders’ equity2,603,900 2,290,596 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$23,981,154 $22,855,334 

See accompanying notes to the condensed consolidated financial statements.

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Table of Contents

AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited) 

Three Months EndedNine Months EndedMarch 31, March 31, (Dollars in thousands, except earnings per common share)2025202420252024INTEREST AND DIVIDEND INCOME:Loans, including fees$394,777 $405,280 $1,243,874 $1,090,106 Securities borrowed and customer receivables6,072 5,701 18,793 16,163 Investments and other31,873 32,583 110,385 95,910 Total interest and dividend income432,722 443,564 1,373,052 1,202,179 INTEREST EXPENSE:Deposits152,694 176,737 510,822 483,028 Advances from the Federal Home Loan Bank306 735 1,342 1,794 Securities loaned333 376 1,353 1,835 Other borrowings3,925 4,110 11,924 14,155 Total interest expense157,258 181,958 525,441 500,812 Net interest income275,464 261,606 847,611 701,367 Provision for credit losses14,500 6,000 40,748 26,500 Net interest income, after provision for credit losses260,964 255,606 806