Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 26

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 amortization(83,131)(37,917)Stock-based compensation expense30,772 22,616 Trading activity7 166 Provision for credit losses40,748 26,500 Deferred income taxes(14,819)(15,005)Origination of loans held for sale(157,358)(144,731)Unrealized and realized gains on loans held for sale(2,194)(6,089)Proceeds from sale of loans held for sale151,834 154,892 Change in the fair value of servicing rights1,894 (1,803)Gain on FDIC Loan Purchase— (92,397)Gain on repurchase of subordinated notes(604)(742)Net change in assets and liabilities which provide (use) cash:Securities borrowed(24,703)28,486 Customer, broker-dealer and clearing receivables(60,879)81,444 Other assets66,565 (26,623)Securities loaned36,917 (40,032)Customer, broker-dealer and clearing payables13,272 (58,301)Accounts payable and other liabilities(34,903)13,319 Net cash provided by operating activities306,979 268,506 CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of available-for-sale securities(22,382)(9,612)Proceeds from sale and repayment of available-for-sale securities85,771 39,391 Purchase of stock of regulatory agencies(12,446)— Net change in loans held for investment(1,129,182)(1,322,634)Proceeds from sale of loans originally classified as held for investment230,606 — Proceeds from sale of other real estate owned and repossessed assets1,419 4,401 Purchase of BOLI policies(100,000)— Purchase of loans and leases, net of discounts and premiums(1,100)(841,408)Purchases of furniture, equipment, software and intangibles(32,421)(25,473)Purchases of other investments(12,638)(8,304)Distributions received from other investments81 1,508 Net cash used in investing activities(992,292)(2,162,131)CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in deposits777,497 1,980,424 Repayments of the Federal Home