Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 129

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 129
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686192,214Net interest income291,050292,048Provision for credit losses17,25514,000Net interest income, after provision for credit losses273,795278,048Non-interest income32,34028,609Non-interest expense156,246147,465Income before income taxes149,889159,192Income taxes37,53746,852Net income$112,352$112,340Weighted average number of common shares outstanding:     Basic56,512,58756,934,671     Diluted57,782,82858,168,468Per Common Share Data:Net income:Basic$1.99$1.97Diluted$1.94$1.93Adjusted earnings per common share (Non-GAAP)1$2.07$1.96Performance Ratios and Other Data:Growth in loans held for investment, net$1,585,527$49,224Loan originations for sale$47,122$69,570Return on average assets1.77 %1.92 %Return on average common stockholders’ equity15.94 %19.12 %Interest rate spread23.89 %4.13 %Net interest margin34.75 %5.17 %Net interest margin3 – Banking Business Segment4.80 %5.21 %Efficiency ratio448.32 %45.99 %Efficiency ratio4 – Banking Business Segment42.89 %39.83 %Asset Quality Ratios:Net annualized charge-offs to average loans0.11 %0.17 %Nonaccrual loans to total loans0.74 %0.89 %Non-performing assets to total assets0.64 %0.75 %Allowance for credit losses - loans to total loans held for investment1.34 %1.35 %Allowance for credit losses - loans to nonaccrual loans5180.41 %149.32 %

1 See “Use of Non-GAAP Financial Measures.”

2 Interest rate spread represents the difference between the annualized weighted average yield on interest-earning assets and the annualized weighted average rate paid on interest-bearing liabilities.

3  Net interest margin represents annualized net interest income as a percentage of average interest-earning assets.

4 Efficiency ratio represents non-interest expense as a percentage of the aggregate of net interest income and non-interest income.

5 The increase in the Allow