"Company†), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today the pricing of a public offering of $200 million in aggregate principal amount of the Company's 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes†). The Notes will bear interest at a rate of 7.00% per year, payable semi-annually in arrears on April 1, and October 1, of each year, beginning on April 1, 2. LAS VEGAS--(BUSINESS WIRE)--Axos Financial, Inc. (NYSE: AX) ("Axos†or the ...

Core Viewpoint - Axos Financial (AX) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which are crucial for stock price movements [1][2][4]. Earnings Estimates and Stock Price Correlation - The Zacks rating system highlights the strong correlation between changes in earnings estimates and stock price movements, driven by institutional investors who adjust their valuations based on these estimates [3][5]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional buying or selling, which influences stock prices [3]. Axos Financial's Earnings Outlook - For the fiscal year ending June 2026, Axos Financial is expected to earn $7.85 per share, consistent with the previous year's figure, while the Zacks Consensus Estimate has increased by 2.4% over the past three months [7]. - The upgrade to Zacks Rank 2 places Axos Financial in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6][8]. - The system maintains a balanced distribution of ratings, ensuring that only the top 5% of stocks receive a "Strong Buy" rating, while the next 15% are rated as "Buy" [8].

Group 1 - Main Street Capital (MAIN) is a notable stock in the Finance sector, currently outperforming its peers with a year-to-date gain of approximately 13.2% compared to the sector average of 12.9% [4] - The Zacks Rank system indicates that MAIN has a Zacks Rank of 2 (Buy), reflecting a positive analyst sentiment and an improving earnings outlook, with a consensus estimate for full-year earnings increasing by 3.3% over the past quarter [3] - MAIN belongs to the Financial - SBIC & Commercial Industry, which includes 37 stocks that have collectively lost about 4.7% year-to-date, further highlighting MAIN's strong performance relative to its industry [5] Group 2 - Axos Financial (AX) is another Finance stock that has outperformed the sector, with a year-to-date increase of 30.6% [4] - The consensus EPS estimate for Axos Financial has risen by 2.4% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [5] - Axos Financial is part of the Financial - Miscellaneous Services industry, which consists of 93 stocks and has gained 5.4% year-to-date, indicating a solid performance within its own industry [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 __________________________________________________________________________________________ AXOS FIN ...

Group 1 - Axos Financial is undergoing significant management and operational changes, including the acquisition of two firms [1] - The focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers to Crude Value Insights benefit from a 50+ stock model account, in-depth cash flow analyses of exploration and production firms, and live chat discussions about the sector [2]

Core Viewpoint - Axos Financial reported strong fourth-quarter results for the period ending June 30, 2025, with adjusted earnings per share of $1.94, exceeding analyst expectations, driven by loan and deposit growth, efficient cost control, and technology investments, despite a significant increase in provisions for credit losses [1][2][5]. Financial Performance - Adjusted EPS (Non-GAAP) was $1.94, beating estimates of $1.78, and up 6.0% from $1.83 in Q4 2024 [2]. - Revenue (GAAP) reached $321.4 million, surpassing expectations of $312.3 million, and reflecting a 10.5% increase from $290.9 million in Q4 2024 [2]. - Net interest income grew 7.7% year-over-year to $280.2 million, while non-interest income surged 33.8% to $41.3 million [2][5][6]. - Net income for the quarter was $110.7 million, a 5.5% increase from $104.9 million in the same quarter last year [2]. Business Overview and Strategy - Axos Financial operates as a tech-driven bank, focusing on consumer and commercial banking, lending, wealth management, and securities services, with fully digital operations [3][4]. - The company aims to leverage proprietary digital technology for profit growth while offering a diversified suite of banking and investment products [4]. Growth Metrics - Total loans increased by $856 million to $21.0 billion, with a year-over-year growth rate of 9.4% [5]. - Deposit balances rose to $20.8 billion, reflecting a 7.6% increase from the previous year [5]. - The net interest margin improved to 4.84%, up from 4.65% in Q4 FY2024 [5]. Credit Quality and Provisions - Provision for credit losses increased to $15.0 million from $6.0 million in Q4 FY2024, attributed to stronger loan growth and updated economic forecasts [8]. - Actual net charge-offs remained low at 0.16% of average loans, while non-performing assets decreased to 0.71% of total assets [8][9]. Technology Investments - The company increased investments in artificial intelligence and process automation, with operating expenses growing 7.2% year-over-year [10]. - A proprietary professional workstation for clearing clients was introduced, developed using low-code software for efficiency [7][10]. Future Outlook - Management expects net interest margin to remain at the higher end of the 4.25% to 4.35% target range and projects annual loan growth in the high single-digit to low teens percent range [12]. - A reduction in the tax rate by 3 percentage points for FY2026 is anticipated due to changes in California state tax methodology [13].

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分组1 - Axos Financial reported quarterly earnings of $1.94 per share, exceeding the Zacks Consensus Estimate of $1.82 per share, and showing an increase from $1.83 per share a year ago, resulting in an earnings surprise of +6.59% [1] - The company achieved revenues of $321.45 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.52%, and up from $290.92 million year-over-year [2] - Axos Financial has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 22.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.92, with expected revenues of $320.83 million, and for the current fiscal year, the EPS estimate is $7.92 on revenues of $1.3 billion [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Financial Data and Key Metrics Changes - The company reported net loan growth of $856 million linked quarter, with a net interest margin expansion of six basis points and an 18% year-over-year increase in book value per share [4][5] - Net interest income for the quarter was $280 million, up 7.7% from $260 million in the prior year period, with a net interest margin of 4.84% for the quarter, up from 4.78% in the previous quarter [5][10] - Net income was approximately $110.7 million for the quarter, compared to $105.2 million in the prior quarter, with diluted EPS of $1.92 compared to $1.81 in the previous quarter [7][8] Business Line Data and Key Metrics Changes - Total originations for investment, excluding single-family warehouse lending, increased by 5% linked quarter, resulting in net loan growth of approximately $856 million, representing a 4.2% linked quarter increase or 16% annualized [9] - Average loan yields for the quarter were 8% flat, with non-purchased loans at 7.66% and purchased loans at 14.9% [9] - Total non-accrual loans declined by $15 million linked quarter, improving the non-accrual loans to total loans ratio by 89 basis points [6][13] Market Data and Key Metrics Changes - Ending deposit balances were $20.8 billion, up 3.4% linked quarter and 7.6% year over year, with demand money market and savings accounts representing 95% of total deposits [10][11] - Total assets under custody increased from $37.1 billion to $39.4 billion, with net new assets for the custody business increasing by $215 million [16] Company Strategy and Development Direction - The company is focused on executing strategic and operational initiatives, including investments in technology and operations to scale businesses and roll out new products faster [20][21] - The company is evaluating M&A opportunities to augment growth from existing businesses and team lift-outs, with a focus on specialty lending and non-banking businesses [18][19] Management Comments on Operating Environment and Future Outlook - Management expects organic loan growth to come in toward the mid to high end of the single-digit to low teens range on an annual basis in fiscal 2026 [13][26] - The company anticipates a reduction in the income tax rate by three percentage points starting in the September 30, 2025 quarter, which will boost net income and EPS in fiscal 2026 and beyond [19][25] Other Important Information - The company has seen strong growth in accounts and balances from its Axos One consumer bundle deposit product, which supports organic loan growth [12] - The company is leveraging artificial intelligence to improve operational efficiency and speed up software development processes [20][38] Q&A Session Summary Question: Loan yields and net interest margin outlook - Management indicated that while loan yields might be tighter, there is an offsetting benefit on the funding side, resulting in a consistent net interest margin outlook [30][32] Question: Expense growth relative to revenue - Management targets that personnel and professional services cost growth should not exceed 30% of net interest income and non-interest income growth [34][35] Question: Opportunities on the funding side - Management noted that new verticals added come with favorable deposit balances, but there may be pressure on funding costs as industry loan growth picks up [46][48] Question: Fee income growth initiatives - Management believes that fee income growth will be supported by technology development and a strong pipeline of new assets [50][52] Question: Capital priorities and M&A considerations - Management is looking at organic growth and various M&A opportunities, with a focus on synergistic fee income and specialty finance businesses [56][57] Question: Multifamily loan sale reasoning - Management decided to sell certain loans based on credit perspective and interest from buyers, contributing to net loan growth [61][64] Question: Asset quality and areas of concern - Management expressed confidence in asset quality, particularly in commercial real estate and C&I portfolios, with no significant materiality expected [80][82]

Financial Data and Key Metrics Changes - The company reported net loan growth of $856 million linked quarter, with a net interest margin expansion of six basis points and an 18% year-over-year increase in book value per share [4][5] - Net interest income for the quarter was $280 million, up 7.7% from $260 million in the prior year period, with a net interest margin of 4.84% for the quarter, up from 4.78% in the previous quarter [5][10] - Net income was approximately $110.7 million for the quarter, compared to $105.2 million in the prior quarter, with diluted EPS of $1.92 compared to $1.81 in the previous quarter [6][7] Business Line Data and Key Metrics Changes - Total originations for investment, excluding single-family warehouse lending, increased by 5% linked quarter, resulting in net loan growth of approximately $856 million, representing a 4.2% linked quarter increase or 16% annualized [8] - Average loan yields for the quarter were 8% flat, with non-purchased loans at 7.66% and purchased loans at 14.9% [8] - Total non-accrual loans declined by $15 million linked quarter, improving the non-accrual loans to total loans ratio from 79 basis points to 71 basis points [6][12] Market Data and Key Metrics Changes - Ending deposit balances were $20.8 billion, up 3.4% linked quarter and 7.6% year over year, with demand money market and savings accounts representing 95% of total deposits [9][10] - Total assets under custody increased from $37.1 billion to $39.4 billion, with net new assets for the custody business increasing by $215 million [14][15] Company Strategy and Development Direction - The company is focused on executing strategic and operational initiatives, including investments in technology and operations to scale businesses and roll out new products faster [19] - The implementation of artificial intelligence is expected to improve operating efficiency and accelerate new product delivery [19] - The company is evaluating M&A opportunities to augment growth from existing businesses and team lift-outs, with a focus on specialty lending and non-banking businesses [17][20] Management Comments on Operating Environment and Future Outlook - Management expects organic loan growth to come in toward the mid to high end of the single-digit to low teens range on an annual basis in fiscal 2026 [12] - The credit quality of the loan book remains solid, with historic and current net charge-offs remaining low [12] - The change in income tax calculation methodology in California is expected to reduce the income tax rate by three percentage points starting in Q4 2025, boosting net income and EPS in fiscal 2026 and beyond [18][24] Other Important Information - The company repurchased approximately $31 million of common stock at an average price of $59 per share during a temporary market downturn [7] - The company has a healthy loan pipeline of approximately $2 billion as of July 25, 2025, with various categories contributing to growth [26] Q&A Session Summary Question: Loan yields and net interest margin outlook - Management indicated that while loan yields might be tighter, there are offsetting benefits on the funding side, resulting in a consistent net interest margin outlook [30][31] Question: Expense growth relative to revenue - Management targets that personnel and professional services cost growth should not exceed 30% of net interest income and non-interest income growth, while leveraging AI to improve efficiency [34][39] Question: Funding side opportunities and pricing competition - Management noted that funding costs may increase with accelerated loan growth, but the Axos One product is performing well, potentially mitigating some pressure [48] Question: Capital priorities and M&A opportunities - Management is looking at various M&A opportunities, particularly in fee income and specialty finance businesses, while maintaining a focus on organic loan growth [56][57] Question: Multifamily loan sale reasoning - The sale was driven by favorable credit perspectives and interest from good buyers, resulting in a gain [61] Question: Asset quality and areas of concern - Management expressed confidence in the commercial real estate and C&I sides, with no significant material concerns noted [80]