Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 20

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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ITEM 1.FINANCIAL STATEMENTS

AXOS FINANCIAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands, except par value)December 31, 2024June 30, 2024ASSETSCash and cash equivalents$2,438,073 $1,979,979 Restricted cash235,358 205,797 Total cash, cash equivalents and restricted cash2,673,431 2,185,776 Trading securities241 353 Available-for-sale securities97,848 141,611 Stock of regulatory agencies34,298 21,957 Loans held for sale, carried at fair value25,436 16,482 Loans—net of allowance for credit losses of $270,605 as of December 31, 2024 and $260,542 as of June 30, 202419,486,727 19,231,385 Servicing rights, carried at fair value28,045 28,924 Securities borrowed114,672 67,212 Customer, broker-dealer and clearing receivables298,887 240,028 Goodwill and other intangible assets—net137,570 141,769 Other assets812,267 779,837 TOTAL ASSETS$23,709,422 $22,855,334 LIABILITIES AND STOCKHOLDERS’ EQUITYDeposits:Non-interest-bearing$2,989,759 $2,975,631 Interest bearing16,945,145 16,383,586 Total deposits19,934,904 19,359,217 Advances from the Federal Home Loan Bank60,000 90,000 Borrowings, subordinated notes and debentures358,692 325,679 Securities loaned135,258 74,177 Customer, broker-dealer and clearing payables309,593 301,127 Accounts payable and other liabilities389,013 414,538 Total liabilities21,187,460 20,564,738 COMMITMENTS AND CONTINGENCIES (Note 9)STOCKHOLDERS’ EQUITY:Common stock—$0.01 par value; 150,000,000 shares authorized; 70,571,332 shares issued and 57,097,632 shares outstanding as of December 31, 2024