Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 56

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 share data)2025202420252024Total repurchase$27,870 $595 $27,870 $83,781 Number of shares repurchased434,327 12,101 434,327 2,267,610 Average price paid per share$64.17 $49.22 $64.17 $36.95 As of March 31, 2025, there was $78.7 million of share repurchase authorization remaining. Of the repurchases made during three and nine months ended March 31, 2025, $2.0 million or 31,337 common shares, were traded on March 31, 2025, but settled in April 2025. The Company repurchased an additional 517,600 shares for approximately $30.3 million from April 1, 2025 through April 30, 2025. The share repurchase program will continue in effect until terminated by the Board of Directors of the Company. For additional information regarding the Company’s share repurchase program, see Note 15—“Stockholders' Equity” in the 2024 Form 10-K.

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At-the-Market Equity OfferingOn January 28, 2025, the Company entered into an equity distribution agreement pursuant to which the Company may issue and sell through distribution agents from time to time shares of the Company’s common stock in at-the-market offerings with an aggregate offering price of up to $150,000,000. The Company will issue the stock pursuant to a previously effective registration statement and a prospectus supplement filed with the SEC on January 28, 2025. No shares of the Company’s common stock have been issued pursuant to this offering.Accumulated Other Comprehensive IncomeAOCI includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities.For the Three Months Ended March 31, 2025(Dollars in thousands)Unrealized gain (loss) on available-for-sale securitiesCash flow hedgesAccumulated other comprehensive incomeBalance at December 31, 2024$(1,931)$4,938 $3,007 Other comprehensive income/(loss)588 (2,482)(1,894)Balance at March 31, 2025$(1,343)$2,456 $1,113 For the Three Months Ended March 31, 2024(Dollars in thousands)Unrealized gain (loss)