Axos Financial, Inc.

Listed Company

AXCIK 0001299709NYSELarge AcceleratedSavings Institution, Federally CharteredDelawareFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$432.91M

Total Assets

$24.78B

Equity

$2.68B

Shares Out

56.88M

Op. Cash Flow

$490.33M

Business

Axos Financial, Inc. is a technology-driven, diversified financial services company that provides banking, clearing and custody, and investment advisory solutions. It offers deposit and lending products (including consumer, commercial, mortgage, commercial real estate, asset-based, and auto loans), securities clearing and custody, margin and securities lending, self-directed trading and digital wealth management, and advisor technology and processing services. The company operates through two primary segments: a Banking Business Segment and a Securities Business Segment. It serves retail and business customers nationwide via digital online and mobile platforms, retail, correspondent and wholesale channels, affinity partners, RIAs and introducing broker-dealers.

Summary from filing dated 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Loans, including fees	1,655	1,500	1,049	627	584
Securities borrowed and customer receivables	25	22	19	21	20
Investments and other	135	134	90	13	13
Total interest and dividend income	1,815	1,656	1,157	660	618
Deposits	668	671	339	34	61
Advances from the Federal Home Loan Bank	2	3	13	5	5
Securities loaned	2	2	4	1	1
Other borrowings	16	18	18	13	12
Total interest expense	688	694	374	53	79
Net interest income	1,128	961	783	607	539
Provision for credit losses	56	33	24	24	—
Net interest income, after provision for credit losses	1,072	929	759	583	515
Broker-dealer fee income	45	48	47	23	26
Advisory fee income	32	31	28	29	0
Banking and service fees	38	36	33	29	29
Mortgage banking and servicing rights income	13	10	7	—	—
Prepayment penalty fee income	3	5	6	13	7
Gain on acquisition	0	92	0	0	—
Total non-interest income	131	223	120	113	105
Salaries and related costs	298	251	204	167	153
Data and operational processing	80	69	61	50	41
Depreciation and amortization	29	27	23	25	24
Advertising and promotional	48	43	37	14	14
Professional services	38	37	29	22	22
Occupancy and equipment	18	17	16	14	13
FDIC and regulatory fees	28	21	16	12	11
Broker-dealer clearing charges	17	18	13	15	11
General and administrative expense	35	34	48	38	25
Total non-interest expense	590	516	448	357	315
INCOME BEFORE INCOME TAXES	613	635	432	340	306
INCOME TAXES	180	185	125	99	90
NET INCOME	433	450	307	241	216
Basic earnings per common share (in dollars per share)	7.61	7.82	5.15	4.04	3.64
Diluted earnings per common share (in dollars per share)	7.43	7.66	5.07	3.97	3.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	1,934	1,980	2,233	1,575	—
Restricted cash	243	206	149	—	—
Total cash, cash equivalents and restricted cash	2,176	2,186	2,382	1,575	1,038
Trading securities	649,000	353,000	758,000	2	2
Available-for-sale securities	66	142	232	263	—
Stock of regulatory agencies	35	22	22	20	20
Loans held for sale, carried at fair value	10	16	23	5	30
Loansnet of allowance for credit losses of $290,049 as of June 30, 2025 and $260,542 as of June 30, 2024	21,050	19,231	16,457	14,091	—
Servicing rights, carried at fair value	27	29	25	25	18
Securities borrowed	139	67	134	339	619
Customer, broker-dealer and clearing receivables	253	240	374	417	370
Goodwill and other intangible assetsnet	135	142	152	156	116
Other assets	891	780	545	497	432
TOTAL ASSETS	24,783	22,855	20,348	17,401	14,266
Non-interest-bearing	3,041	2,976	2,898	5,034	2,474
Interest-bearing	17,789	16,384	14,225	8,912	8,341
Total deposits	20,830	19,359	17,123	13,946	10,816
Advances from the Federal Home Loan Bank	60	90	90	118	354
Borrowings, subordinated notes and debentures	313	326	362	445	221
Securities loaned	139	74	160	474	729
Customer, broker-dealer and clearing payables	351	301	445	512	535
Accounts payable and other liabilities	410	415	251	263	210
Total liabilities	22,102	20,565	18,431	15,758	12,865
COMMITMENTS AND CONTINGENCIES (Note 18)	—	—	—	—	—
Common stock$0.01 par value; $150,000,000 shares authorized, $71,101,642 shares issued and $56,483,617 shares outstanding as of June 30, 2025; $70,221,632 shares issued and $56,894,565 shares outstanding as of June 30, 2024	711,000	702,000	695,000	689,000	681,000
Additional paid-in capital	549	510	480	454	433
Accumulated other comprehensive income (loss)net of income tax	348,000	−2	−7	−3	3
Retained earnings	2,619	2,186	1,736	1,428	1,188
Treasury stock, at cost; $14,618,025 shares as of June 30, 2025 and $13,327,067 shares as of June 30, 2024	−488	−403	−292	−237	−223
Total stockholders equity	2,681	2,291	1,917	1,643	1,401
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	24,783	22,855	20,348	17,401	14,266

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	29	27	23	25	24
Other accretion and amortization	−108	−58	−2	4	5
Stock-based compensation expense	42	35	26	21	21
Trading activity	−296,000	405,000	1	225,000	−2
Deferred income taxes	−28	33	−20	−9	−9
Origination of loans held for sale	−200	−197	−161	−656	−1,609
Unrealized and realized gains on loans held for sale	−10	−9	−8	−16	−41
Proceeds from sale of loans held for sale	195	210	149	690	1,672
Change in the fair value of servicing rights	3	−2	634,000	−2	6
Gain on FDIC Loan Purchase	0	−92	0	0	—
Gain on repurchase of subordinated notes	−729,000	−973,000	0	0	—
Securities borrowed	−72	67	205	280	−397
Customer, broker-dealer and clearing receivables	−13	134	43	−44	−150
Other assets	19	−114	−12	−96	−7
Securities loaned	65	−86	−315	−255	473
Customer, broker-dealer and clearing payables	49	−144	−66	−24	188
Accounts payable and other liabilities	31	20	−367,000	35	−817,000
Net cash provided by (used in) operating activities	490	305	197	217	413
Purchases of available-for-sale securities	−22	−10	−33	−144	−122
Proceeds from sale and repayment of available-for-sale securities	100	106	58	132	—
Purchase of stock of regulatory agencies	−12	0	−109	−54	−305,000
Proceeds from redemption of stock of regulatory agencies	0	0	109	54	920,000
Net change in loans held for investment	−2,175	−2,683	−2,401	−2,771	—
Proceeds from sale of loans originally classified as held for investment	440	39	14	106	80
Proceeds from sale of other real estate owned and repossessed assets	2	5	4	9	2
Proceeds from BOLI claim settlement	0	0	3	0	0
Purchase of BOLI policies	−100	0	0	—	—
Acquisition of business activity, net of cash acquired	0	0	−6	−55	0
Purchases of furniture, equipment, software and intangibles	−54	−36	−30	−22	−10
Purchases of other investments	−19	−12	−9	−6	—
Distributions received from other investments	81,000	2	288,000	96,000	—
Net cash provided by (used in) investing activities	−1,841	−2,589	−2,399	−2,783	−867
Net increase in deposits	1,470	2,236	3,177	3,131	−521
Repayments of the Federal Home Loan Bank term advances	−30	0	−28	−50	−70
Net (repayment) proceeds of other borrowings	0	−27	−84	75	15
Payments related to settlement of restricted stock units	−28	−16	−6	−14	−11
Purchase of treasury stock	−58	−96	−49	0	−17
Repurchase of subordinated notes	−13	−9	0	0	−51
Net cash provided by (used in) financing activities	1,341	2,087	3,010	3,103	−459
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	−9	−196	807	537	−913
Interest paid on interest-bearing liabilities	687	699	368	50	78
Income taxes paid	154	201	131	100	93
Transfers to other real estate and repossessed vehicles from loans held for investment	9	4	13	2	2
Transfers from loans held for investment to loans held for sale	433	39	14	106	71
Transfers from loans held for sale to loans held for investment	13	3	690,000	3	30
Operating lease liabilities from obtaining right of use assets	4	6	3	7	0
Non-cash LIHTC investments	25	37	0	9	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro