Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 158

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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31, 2024June 30, 2024Regulatory Capital:Tier 1 $2,394,568$2,167,781$2,295,562$2,181,426Common equity tier 1 $2,394,568$2,167,781$2,295,562$2,181,426Total capital$2,937,826$2,678,489$2,510,421$2,365,061Assets:Average adjusted$23,893,592$22,979,871$23,315,074$22,391,541Total risk-weighted $19,287,561$18,049,571$18,117,890$17,128,880Regulatory Capital Ratios:Tier 1 leverage (to adjusted average assets)10.02 %9.43 %9.85 %9.74 %5.00 %4.00 %Common equity tier 1 capital (to risk-weighted assets)12.42 %12.01 %12.67 %12.74 %6.50 %4.50 %Tier 1 capital (to risk-weighted assets)12.42 %12.01 %12.67 %12.74 %8.00 %6.00 %Total capital (to risk-weighted assets)15.23 %14.84 %13.86 %13.81 %10.00 %8.00 %

Basel III requires all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively composed of common equity tier 1 capital, and it applies to each of the three risk-based capital ratios but not the leverage ratio. At December 31, 2024 and June 30, 2024, our Company and Bank were in compliance with the capital conservation buffer requirement, which sets the common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratio minimums to 7.0%, 8.5% and 10.5%, respectively.

48

Securities Business

Pursuant to the net capital requirements of the Exchange Act, Axos Clearing is subject to the SEC Uniform Net Capital (Rule 15c3-1 of the