NEW YORK--(BUSINESS WIRE)--Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), and Priority Rollfi, a subsidiary of Priority Technology Holdings, Inc., (NASDAQ: PRTH), today announced a new partnership following a competitive RFP process. Rollfi was selected to supply its embedded and white-label payroll and benefits technology infrastructure to enhance Axos's business banking platform. Rollfi's technology infrastructure powers payroll and benefits through its whitelabel and API-ba ...

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Core Insights - Axos Financial reported a revenue of $385.09 million for the quarter ended December 2025, marking a 25.1% increase year-over-year and exceeding the Zacks Consensus Estimate of $343.85 million by 11.99% [1] - The company's EPS for the quarter was $2.25, up from $1.82 in the same quarter last year, and also surpassed the consensus EPS estimate of $2.07 by 8.7% [1] Financial Performance Metrics - Net Interest Margin was reported at 4.9%, higher than the average estimate of 4.7% from two analysts [4] - The Efficiency Ratio stood at 47.9%, slightly above the average estimate of 47.6% based on two analysts [4] - Total Non-Interest Income reached $53.38 million, significantly exceeding the average estimate of $35.5 million from two analysts [4] - Net Interest Income was reported at $331.71 million, compared to the average estimate of $308.35 million from two analysts [4] Stock Performance - Over the past month, shares of Axos Financial have returned +6.6%, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Axos Financial reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - Quarterly earnings were $2.25 per share, surpassing the Zacks Consensus Estimate of $2.07 per share, and up from $1.82 per share a year ago, representing an earnings surprise of +8.70% [1]. - Revenues for the quarter ended December 2025 were $385.09 million, exceeding the Zacks Consensus Estimate by 11.99% and up from $307.9 million year-over-year [2]. Market Performance - Axos Financial shares have increased approximately 6.6% since the beginning of the year, outperforming the S&P 500, which gained 1.9% [3]. Future Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $2.05 for the next quarter and $8.23 for the current fiscal year [4][7]. - The Zacks Rank for Axos Financial is 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6]. Industry Context - The Financial - Miscellaneous Services industry, to which Axos Financial belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable environment for performance [8].

Financial Data and Key Metrics Changes - The company generated $1.6 billion of net loan growth quarter-over-quarter, with a 19 basis point increase in net interest margin [4][6] - Net interest income was $331.6 million for the quarter, up approximately $41 million or 14% linked quarter [6] - Net income was approximately $128.4 million, a 22.6% increase from $104.7 million in the prior year's second quarter [8] - Diluted earnings per share increased to $2.22, representing a 23.3% year-over-year increase [8] Business Line Data and Key Metrics Changes - Total originations for investments, excluding single-family warehouse lending, were $5.6 billion, representing a 35% increase linked quarter [8] - Non-interest income increased by approximately $21 million quarter-over-quarter, with contributions from higher banking service fees and broker-dealer fee income [7] - Non-interest income from Verdant was approximately $18.9 million in the quarter [7] Market Data and Key Metrics Changes - Ending deposit balances were $23.2 billion, up 44.3% linked quarter and 16.5% year-over-year [9] - Average non-interest-bearing deposits were approximately $3.5 billion, compared to $3 billion in the prior quarter [10] - Total assets under custody or administration increased from $43 billion to $44.4 billion [17] Company Strategy and Development Direction - The company aims to generate loan growth in the low to mid-teens on an annual basis, with a focus on deepening relationships with existing vendors and accelerating growth in previously constrained verticals [13][20] - The integration of artificial intelligence across various business units is expected to enhance operational efficiency and innovation [18][19] - The acquisition of Verdant is seen as a strategic fit, with expectations of EPS accretion in fiscal 2026 and 2027 [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong loan growth despite anticipated declines in net interest margin due to robust loan demand [32][34] - The company does not anticipate material losses from loans currently classified as non-performing [17] - Management highlighted the importance of a balanced growth strategy across various business lines to sustain long-term performance [56][58] Other Important Information - Non-interest expenses were approximately $184.6 million, with Verdant contributing $7.8 million in salaries and benefits expenses [24] - Provisions for credit losses increased to $25 million, driven by robust loan growth in commercial lending categories [26] - The company is focused on maintaining a strong capital position and exploring M&A opportunities to augment growth [22][20] Q&A Session Summary Question: What is the outlook for net interest margin? - Management confirmed an expected decline in adjusted margin to approximately 4.66% due to robust loan demand [32][34] Question: Can you discuss the pipeline for team liftouts? - Management indicated ongoing team liftouts and the addition of personnel where opportunities arise [35][36] Question: What is the growth outlook for the upcoming quarters? - Management expects balanced growth across various segments, with specific contributions from commercial real estate and floor plan lending [42][43] Question: How is the integration of Verdant progressing? - Management noted that Verdant has been enthusiastically selling deposits and is expected to contribute positively to growth [92][93] Question: What are the expectations for fee income moving forward? - Management indicated that the current quarter's fee income is a good baseline, with potential for small growth as Verdant increases originations [45][47]

Axos Financial (NYSE:AX) Q2 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsDavid Feaster - DirectorDerrick Walsh - EVP and CFOGary Tenner - Managing DirectorGregory Garrabrants - CEOJohnny Lai - SVP of Corporate Development and Investor RelationsKelly Motta - DirectorKyle Peterson - Managing DirectorConference Call ParticipantsDavid Chiaverini - Equity Research AnalystOperatorGreetings and welcome to the Axos Financial second quarter 2026 earnings call and webcast. At this time, all par ...

Financial Data and Key Metrics Changes - The company generated $1.6 billion of net loan growth quarter-over-quarter, with a 19 basis point increase in net interest margin [4][5] - Net interest income was $331.6 million for the quarter, up approximately $41 million or 14% linked quarter [5] - Net income was approximately $128.4 million, up 22.6% from $104.7 million in the prior year's second quarter [8] - Diluted earnings per share increased to $2.22, representing a 23.3% year-over-year increase [8] Business Line Data and Key Metrics Changes - Total originations for investments, excluding single-family warehouse lending, were $5.6 billion, representing a 35% increase linked quarter [8] - Non-interest income increased by approximately $21 million quarter-over-quarter, driven by higher banking service fees and broker-dealer fee income [6] - Non-interest income from Verdant was approximately $18.9 million in the quarter [6] Market Data and Key Metrics Changes - Ending deposit balances were $23.2 billion, up 44.3% linked quarter and 16.5% year-over-year [9] - Average non-interest-bearing deposits were approximately $3.5 billion, compared to $3 billion in the prior quarter [10] - Total assets under custody or administration increased from $43 billion to $44.4 billion [17] Company Strategy and Development Direction - The company aims to generate loan growth in the low to mid-teens on an annual basis, with a focus on deepening relationships with existing vendors and accelerating growth in previously constrained verticals [12][20] - The integration of artificial intelligence across various business units is expected to enhance operational efficiency and innovation [18][19] - The acquisition of Verdant is seen as a strategic fit, contributing to the company's commercial lending franchise and expected to achieve EPS accretion [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong loan growth despite anticipated declines in net interest margin due to robust loan demand [27][28] - The company does not anticipate material losses from loans currently classified as non-performing [17] - Management highlighted the importance of a balanced growth strategy across various business lines to sustain long-term performance [35] Other Important Information - Non-interest expenses were approximately $184.6 million, with Verdant contributing $7.8 million in salaries and benefits expenses [23] - Provisions for credit losses increased to $25 million, driven by robust loan growth in commercial lending categories [25] - The company is focused on maintaining salaries and benefits expense growth at 30% of revenue growth or lower on an annual basis [23] Q&A Session Summary Question: What is the outlook for net interest margin? - Management confirmed a normalized level of 4.72% and expects a 5-6 basis point decline due to robust loan demand [27][28] Question: Can you discuss the pipeline for team liftouts? - Management indicated that they have successfully completed several team liftouts and are focused on developing those teams further [29] Question: What is the growth outlook for Verdant? - Management expects Verdant to achieve growth of approximately $150 million per quarter, with strong integration and cultural fit enhancing performance [52] Question: How is the company managing deposit growth? - Management noted that deposit growth was primarily driven by specialty deposits and commercial segments, with a balanced approach across various areas [41]

Axos Q2 Fiscal 2026 Earnings Supplement January 29, 2026 NYSE: AX Loan Growth by Category $ Millions | | | | | Q2 FY26 | | Q1 FY26 | Inc (Dec) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Single Family | | Jumbo Mortgage | $ | 3,751 | $ | 3,753 | $ | (2) | | Mortgage & | | SF Warehouse Lending | | 1,044 | | 788 | | 256 | | Warehouse | | | | | | | | | | Multifamily & | | Multifamily | | 1,469 | | 1,585 | | (116) | | Commercial | Mortgage | Small Balance Commercial | | 1,029 | | 1,209 | | (18 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the ...