Gary Tenner

Kelly Motta

Kyle Peterson

Andrew Liesch

David Feaster

Edward Hemmelgarn

- 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**.  **[0001299709_2218028:8]** **[0001299709_2218028:10]** 
- Total assets grew to **$27.43 billion** and total deposits reached **$22.26 billion** as of September 30, 2025.  **[0001299709_2218028:5]** 
- 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.  **[0001299709_2218028:0]** **[0001299709_2218028:1]** **[0001299709_2218028:3]** 
- 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.  **[0001299709_2218028:9]**

Axos Financial Reports Q1 Fiscal 2026 Results

- 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.  **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_0]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_1]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_8]** 
- 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.  **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_0]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_1]** 
- **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**.  **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_2]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_7]** 
- **Book value per share** grew **17.0%** year-over-year to **$49.31** at September 30, 2025.  **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_1]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_7]** 
- **Non-performing assets to total assets** improved to **0.64%** as of September 30, 2025, down from 0.71% at June 30, 2025.  **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_1]** **[1299709_0bf1aeb2b6ae4c5f831fc4197deec0b9_8]**

Axos Financial Reports First Quarter Fiscal Year 2026 Results

- **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.  **[0001299709_2217757:6]** 
- As of June 30, 2025, **total assets increased to $24,783,078 thousand** and **total deposits grew to $20,829,543 thousand**.  **[0001299709_2217757:3]** 
- 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.  **[0001299709_2217757:6]** 
- 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%**.  **[0001299709_2217757:6]**

Axos Financial Reports Q4 Fiscal 2025 Earnings

- 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.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:0]** **[1299709_0001299709-25-000183_septsupplement.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:7]**  Adjusted EPS (Non-GAAP) for the quarter was **$2.07**.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:0]** **[1299709_0001299709-25-000183_septsupplement.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:7]** 
- 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.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:0]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:1]** 
- Total assets increased by **10.7%** to **$27.4 billion** at September 30, 2025, from $24.8 billion at June 30, 2025.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:6]**  Total deposits grew by over **$1.4 billion**, or **27.6% annualized**, reaching **$22.3 billion** at September 30, 2025.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:6]** 
- Book value per share increased **17.0%** year-over-year to **$49.31** at September 30, 2025.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:6]** 
- 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.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:1]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:7]**  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.  **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:0]** **[1299709_0001299709-25-000183_pressrelease20250930axearn.htm:7]**

Axos Financial, Inc. Reports Q1 Fiscal Year 2026 Results

- Axos Financial, Inc. is scheduled to announce its **first quarter fiscal year 2026 results** on **October 30, 2025**, after 4:00 PM ET.  **[1299709_361f6c0cb8524683864fad65c66e469c_0]** 
- The company closed its acquisition of **Verdant Commercial Capital** on **September 30, 2025**.  **[1299709_361f6c0cb8524683864fad65c66e469c_0]** 
- As of **June 30, 2025**, Axos Financial, Inc. had approximately **$24.8 billion in consolidated assets**.  **[1299709_361f6c0cb8524683864fad65c66e469c_0]**

Axos Financial to Announce Q1 FY2026 Results and Closes Acquisition

- Axos Bank, a subsidiary of Axos Financial, Inc., announced the **acquisition of 100% of the membership interests in Verdant Commercial Capital, LLC**.  **[1299709_0001299709-25-000164_pressrelease20250922announ.htm:0]** **[1299709_0001299709-25-000164_ax-20250919.htm:1]** 
- 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**.  **[1299709_0001299709-25-000164_pressrelease20250922announ.htm:0]** **[1299709_0001299709-25-000164_ax-20250919.htm:1]** 
- As of August 31, 2025, Verdant Commercial Capital had approximately **$1.1 billion of loans and leases** on its balance sheet.  **[1299709_0001299709-25-000164_pressrelease20250922announ.htm:0]** **[1299709_0001299709-25-000164_ax-20250919.htm:1]** 
- Axos anticipates the transaction will be **accretive to earnings per share by approximately 2%-3% in fiscal 2026** and **5%-6% in fiscal 2027**.  **[1299709_0001299709-25-000164_pressrelease20250922announ.htm:0]**

Axos Financial, Inc. to Acquire Verdant Commercial Capital

- Axos Financial, Inc. completed the sale of **$200,000,000** aggregate principal amount of **7.00% Fixed-to-Floating Rate Subordinated Notes due 2035** on **September 19, 2025**.  **[1299709_0001299709-25-000162_ax-20250919.htm:1]** **[1299709_0001299709-25-000162_ex51thompsoncoburn.htm:1]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:8]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:33]** 
- The Notes will bear a **fixed interest rate of 7.00% per annum** from September 19, 2025, to October 1, 2030, payable semi-annually.  **[1299709_0001299709-25-000162_ax-20250919.htm:1]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:8]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:33]** 
- From October 1, 2030, until their **maturity on October 1, 2035**, the Notes will accrue interest at a **floating rate** equal to Three-Month Term SOFR plus a spread of **379 basis points**, payable quarterly.  **[1299709_0001299709-25-000162_ax-20250919.htm:1]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:8]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:33]** 
- These Notes are **unsecured, subordinated**, and rank junior to the Company's existing and future Senior Indebtedness, with the Company having the option to redeem them on October 1, 2030, or any interest payment date thereafter.  **[1299709_0001299709-25-000162_ax-20250919.htm:1]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:16]** **[1299709_0001299709-25-000162_ex42secondsupplemental.htm:36]**

Axos Financial, Inc. Issues $200 Million in 7.00% Fixed-to-Floating Rate Subordinated Notes Due 2035

- Axos Financial, Inc. priced a public offering of **$200 million** in aggregate principal amount of its **7.00% Fixed-to-Floating Rate Subordinated Notes due 2035**.  **[1299709_0001299709-25-000157_pressrelease20250916announ.htm:0]** **[1299709_0001299709-25-000157_uwagreementsept2025.htm:0]** **[1299709_0001299709-25-000157_ax-20250916.htm:1]** **[1299709_0001299709-25-000157_uwagreementsept2025.htm:44]** 
- The Notes will bear a fixed interest rate of **7.00% per year**, payable semi-annually, until October 1, 2030, after which they will accrue interest at a floating rate of Three-Month Term SOFR plus **379 basis points**, payable quarterly.  **[1299709_0001299709-25-000157_pressrelease20250916announ.htm:0]** **[1299709_0001299709-25-000157_uwagreementsept2025.htm:44]** 
- The estimated net proceeds of approximately **$197.2 million** are intended to repay **$160.5 million** of existing 2030 subordinated notes, which were set to re-price to an interest rate of approximately **nine percent**, and to support growth initiatives and for general corporate purposes.  **[1299709_0001299709-25-000157_pressrelease20250916announ.htm:0]** **[1299709_0001299709-25-000157_ax-20250916.htm:1]** **[1299709_0001299709-25-000157_ax-20250916.htm:2]** 
- The Notes received a **BBB rating** from Kroll Bond Rating Agency.  **[1299709_0001299709-25-000157_pressrelease20250916announ.htm:0]** **[1299709_0001299709-25-000157_uwagreementsept2025.htm:44]**