Gary Tenner

Kelly Motta

Kyle Peterson

Andrew Liesch

David Feaster

Edward Hemmelgarn

- 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]**

Axos Financial (AX)