Axos Financial (AX) Company Report

Axos Financial, Inc. filed an 8-K on November 12, 2025, to provide an investor presentation that will be used at investor meetings starting around November 17, 2025.
For the fiscal first quarter 2026, the company reported strong financial highlights compared to Q1 FY25, including 16% asset growth, 11% deposit growth, 12% net income growth, and a 13% increase in diluted EPS to $1.94.
Axos Bank demonstrated strong performance against its peer group as of September 30, 2025, ranking in the 91st percentile for Return on Average Assets (ROAA), 92nd percentile for Return on Equity, and an efficiency ratio ranking of 6%.
The company's total deposits reached $22.3 billion as of September 30, 2025, with approximately 90% FDIC-insured or collateralized. Its Axos Advisor Services division is the 7th largest RIA custodian in the U.S., managing approximately $33 billion in Assets Under Custody.

Nov 12, 2025, 9:30 PM

8-K

Axos Financial Reports Q1 Fiscal 2026 Results

Earnings

M&A

Axos Financial reported net income of $112.35 million and diluted earnings per share of $1.94 for Q1 Fiscal 2026, with adjusted diluted EPS at $2.07.
Total assets grew to $27.43 billion and total deposits reached $22.26 billion as of September 30, 2025.
Loans outstanding increased by $1.59 billion quarter-over-quarter to $23.14 billion as of September 30, 2025, significantly influenced by the Verdant Commercial Capital (VCC) acquisition, which contributed $1.02 billion to loans-net of allowance for credit losses.
Credit quality remained strong, with nonaccrual loans representing 0.74% of total loans and non-performing assets at 0.64% of total assets as of September 30, 2025.

Oct 30, 2025, 9:00 PM

Presentation

Axos Financial Reports Strong Q1 Fiscal 2026 Results and Verdant Acquisition Impact

Earnings

M&A

Guidance Update

Axos Financial reported net income of $112.4 million and diluted EPS of $1.94 for the first quarter of fiscal 2026, ended September 30, 2025.
The company achieved $1.6 billion in net loan growth linked quarter, including $1 billion from the Verdant acquisition, which closed on September 30, 2025. This acquisition is projected to be 2%-3% accretive to EPS in fiscal year 2026 and 5%-6% in fiscal 2027.
Net interest income reached $291 million, an increase of approximately $11 million linked quarter, with a net interest margin of 4.75%.
Total on-balance sheet deposits grew 6.9% year-over-year to $22.3 billion, and non-accrual loans to total loans improved to 74 basis points.

Oct 30, 2025, 9:00 PM

Transcript

Axos Financial Reports Q4 Fiscal 2025 Earnings

Earnings

Revenue Acceleration/Inflection

Axos Financial (AX) reported a net income of $110,675 thousand and diluted earnings per share of $1.92 for the quarter ended June 30, 2025, both showing an increase from the prior quarter.
As of June 30, 2025, total assets increased to $24,783,078 thousand and total deposits grew to $20,829,543 thousand.
The company's credit quality improved, with non-accrual loans to total loans decreasing to 0.79% as of June 30, 2025, from 0.89% on March 31, 2025.
Key profitability metrics for the quarter ended June 30, 2025, included a return on average assets of 1.85%, a return on average common stockholders' equity of 16.85%, and a net interest margin of 4.84%.

Oct 30, 2025, 9:00 PM

Presentation

Axos Financial Reports Q1 Fiscal 2026 Results and Verdant Acquisition Completion

Earnings

M&A

Guidance Update

Axos Financial reported net income of $112.4 million and diluted EPS of $1.94 for the first quarter of fiscal 2026, ended September 30, 2025. Excluding deal-related expenses and allowance for credit loss adjustments related to the Verdant acquisition, adjusted net income was $119 million and adjusted EPS was $2.06.
The company completed the acquisition of Verdant Commercial Capital on September 30, 2025, which added approximately $1.2 billion in loan leases and equipment operating leases. This acquisition is projected to be accretive to EPS by 2% to 3% in fiscal year 2026 and 5% to 6% in fiscal 2027.
Axos Financial achieved $1.6 billion of net loan growth linked quarter, including the Verdant acquisition, and saw total on-balance sheet deposits increase 6.9% year-over-year to $22.3 billion.
Net interest income for the quarter was $291 million, an increase of approximately $11 million linked quarter, with a net interest margin of 4.75%.
The company anticipates loan growth to be in the low to mid-teens range on an annual basis for the remaining nine months of fiscal year 2026.

Oct 30, 2025, 9:00 PM

Transcript

Axos Financial Reports Strong Q1 2026 Results and Details Verdant Acquisition

Earnings

M&A

Guidance Update

Axos Financial achieved a strong start to fiscal 2026, reporting $1.6 billion in net loan growth for the quarter ended September 30, 2025, which included $1 billion from the Verdant Commercial Capital acquisition.
Net income for the quarter was $112.4 million, with diluted EPS of $1.94. Adjusted for one-time deal-related expenses, adjusted net income was $119 million and adjusted EPS was $2.06 per share.
Net interest income reached $291 million for the quarter ended September 30, 2025, increasing by approximately $11 million linked quarter, with a net interest margin of 4.75%.
The Verdant Commercial Capital acquisition, completed on September 30, 2025, added approximately $1.2 billion in loan leases and equipment operating leases and is projected to be accretive to EPS by 2% to 3% in fiscal year 2026 and 5% to 6% in fiscal 2027.
The company anticipates loan growth in the low to mid-teens range annually for the remainder of fiscal year 2026.

Oct 30, 2025, 9:00 PM

Transcript

Axos Financial, Inc. Reports Q1 Fiscal Year 2026 Results

Earnings

M&A

Axos Financial, Inc. reported net income of $112.4 million and diluted earnings per share (EPS) of $1.94 for the first fiscal quarter ended September 30, 2025. Adjusted EPS (Non-GAAP) for the quarter was $2.07.
The company achieved net loan growth of $1.6 billion, primarily driven by the Verdant acquisition, which contributed $1.0 billion in loans and leases, in addition to $565.2 million in organic net loan growth.
Total assets increased by 10.7% to $27.4 billion at September 30, 2025, from $24.8 billion at June 30, 2025. Total deposits grew by over $1.4 billion, or 27.6% annualized, reaching $22.3 billion at September 30, 2025.
Book value per share increased 17.0% year-over-year to $49.31 at September 30, 2025.
Asset quality improved, with non-performing assets to total assets decreasing to 0.64% at September 30, 2025, from 0.71% at June 30, 2025. The allowance for credit losses to non-accrual loans and leases also increased to 180.4% at September 30, 2025, from 149.3% a year prior.

Oct 30, 2025, 8:08 PM

8-K

Axos Financial Reports First Quarter Fiscal Year 2026 Results

Earnings

M&A

Axos Financial, Inc. reported net income of $112.4 million and diluted EPS of $1.94 for the first fiscal quarter ended September 30, 2025.
The company achieved net loan growth of $1.6 billion, significantly boosted by the Verdant acquisition, which contributed $1.0 billion in loans and leases.
Total assets increased 10.7% to $27.4 billion at September 30, 2025, from $24.8 billion at June 30, 2025, with total deposits rising to $22.3 billion.
Book value per share grew 17.0% year-over-year to $49.31 at September 30, 2025.
Non-performing assets to total assets improved to 0.64% as of September 30, 2025, down from 0.71% at June 30, 2025.

Oct 30, 2025, 8:05 PM

Press Release

Axos Financial to Announce Q1 FY2026 Results and Closes Acquisition

Earnings

M&A

Axos Financial, Inc. is scheduled to announce its first quarter fiscal year 2026 results on October 30, 2025, after 4:00 PM ET.
The company closed its acquisition of Verdant Commercial Capital on September 30, 2025.
As of June 30, 2025, Axos Financial, Inc. had approximately $24.8 billion in consolidated assets.

Sep 30, 2025, 8:05 PM

Press Release

Axos Financial, Inc. to Acquire Verdant Commercial Capital

M&A

New Projects/Investments

Axos Bank, a subsidiary of Axos Financial, Inc., announced the acquisition of 100% of the membership interests in Verdant Commercial Capital, LLC.
The initial projected purchase price for the acquisition is $43.5 million in cash, which includes a $4 million premium to book value, with the closing expected on September 30, 2025.
As of August 31, 2025, Verdant Commercial Capital had approximately $1.1 billion of loans and leases on its balance sheet.
Axos anticipates the transaction will be accretive to earnings per share by approximately 2%-3% in fiscal 2026 and 5%-6% in fiscal 2027.

Sep 22, 2025, 12:31 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Axos Financial.

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