Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 31

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
 Company acquired Verdant on July 1, 2024. Also included in the proforma financial information are certain adjustments, including $1.3 million of acquisition-related costs, as well as adjustments related to amortization expense of the intangible assets acquired in the Verdant acquisition and the elimination of the amortization expense of Verdant’s intangible assets prior to its acquisition by the Company. The proforma information does not reflect the potential benefits of cost and funding synergies, opportunities to earn additional revenues or other factors and therefore does not represent what the actual net revenues and net income would have been had the Company actually acquired Verdant as of this date.Three Months Ended(Dollars in thousands)September 30, 2025September 30, 2024Net interest income297,473 295,460 Non-interest income35,340 31,365 Net income104,433 106,718 

9

3.     FAIR VALUE

The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at September 30, 2025 and June 30, 2025. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement:September 30, 2025(Dollars in thousands)Significant OtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalASSETS:Trading securities$533 $— $533 Available-for-sale securities:Agency MBS46,606 — 46,606 Non-Agency MBS— 11,192 11,192 Municipal— — — Total—Available-for-sale securities:$46,606 $11,192 $57,798 Loans held for sale$12,202 $— $12,202 Servicing rights$— $26,243 $26,243 Other assets—Derivative instruments1$17,892 $— $17,892 LIABILITIES:Accounts payable and other liabilities—Derivative instruments$64,619 $— $64,619 Accounts payable and other liabilities—Contingent Consideration$— $30,810 $30,810 June 30, 2025(Dollars in thousands)Significant OtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalASSETS:Trading securities$649