Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 27

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 Loan Bank term advances(30,000)— Net (repayment) proceeds of other borrowings63,500 (27,200)Payments related to settlement of restricted stock units(16,094)(8,383)Purchase of treasury stock(25,869)(83,178)Repurchase of subordinated notes(11,803)(4,213)Net cash provided by financing activities757,231 1,857,450 

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AXOS FINANCIAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Nine Months EndedMarch 31, (Dollars in thousands)20252024NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH71,918 (36,175)CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year$2,185,776 $2,382,086 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period$2,257,694 $2,345,911 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Interest paid on interest-bearing liabilities524,064 502,364 Income taxes paid141,817 144,086 Transfers to other real estate and repossessed vehicles from loans held for investment4,752 4,118 Transfers from loans held for investment to loans held for sale235,134 — Transfers from loans held for sale to loans held for investment12,530 2,783 Operating lease liabilities from obtaining right of use assets3,010 5,767 Non-cash LIHTC investments— 24,888 

See accompanying notes to the condensed consolidated financial statements.

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AXOS FINANCIAL, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTH AND NINE MONTH PERIODS ENDED MARCH 31, 2025 AND 2024

(Unaudited)

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentationThe condensed consolidated financial statements include the accounts of Axos Financial, Inc. and its wholly owned subsidiaries (“Axos” or the “Company”). Axos Bank (the “Bank”), its wholly owned subsidiaries, the activities of two lending-related trust entities and certain other lending activity constitute the Banking Business Segment,