Financial Data and Key Metrics Changes - Axos Financial reported a record net income of $53 million for Q1 2021, a 30% increase from $40.8 million in Q1 2020, despite a $9.1 million increase in loan loss provisions [8][11] - The pretax pre-provision income rose to $87.6 million, marking a 47.6% increase compared to $59.4 million in the same quarter last year [8] - Earnings per share increased by 33.3% to $0.88 per diluted share compared to $0.66 in Q1 2020 [11] - The return on average equity for Q1 2021 was 17.26%, with a book value per share of $20.80, up 14.7% year-over-year [9][11] Business Line Data and Key Metrics Changes - Ending loans and leases increased by approximately $294.1 million, up 11.1% annualized from the previous quarter and up 11.7% year-over-year [9] - Total loan originations for Q1 2021 were $1.78 billion, essentially flat from $1.79 billion in the year-ago period, with significant contributions from multifamily and commercial specialty real estate [12] - The gain-on-sale mortgage banking group generated $19.6 million in income, a substantial increase from $2.8 million in the corresponding quarter last year [12] Market Data and Key Metrics Changes - The net interest margin was reported at 3.84%, up 7 basis points from 3.77% in Q1 2020 [10] - Consumer deposits represented approximately 46% of total deposits, with checking, savings, and money market balances increasing by almost $2 billion from September 30, 2019 [16] - The mortgage warehouse portfolio increased by $249.1 million or 52.5% from the previous quarter, benefiting from record low interest rates [13] Company Strategy and Development Direction - The company aims to maintain an annual net interest margin within a range of 3.8% to 4% while reducing excess liquidity on the balance sheet [35] - Axos Financial is focused on enhancing its digital banking capabilities and plans to roll out new features and product enhancements over the next 12 months [37] - The company continues to explore opportunities in the commercial specialty real estate sector while maintaining conservative underwriting standards [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain profitable growth despite uncertainties in the economic environment [37] - The outlook for mortgage banking remains strong, with a solid pipeline of single-family agency mortgages and robust demand for refinancing [13][32] - Management noted that while credit quality remains strong, there are concerns regarding certain commercial real estate loans, particularly in densely populated areas [54] Other Important Information - The company adopted the CECL accounting standard, which resulted in an increase in the allowance for loan losses by $53 million [27] - The effective income tax rate for Q1 2021 was 30%, up from 28% in the prior year [44] Q&A Session Summary Question: Margin outlook and cost of funds - Management indicated that the cost of funds is expected to decline further, particularly as higher-rate CDs mature [46][48] Question: Credit quality concerns - Management acknowledged an increase in special mention and substandard loans but emphasized that the risk of loss is limited due to conservative underwriting [51][52] Question: Housing market outlook - Management noted that while the housing market has performed well overall, there are concerns in specific areas like New York City [54] Question: Specialty commercial real estate opportunities - Management highlighted a focus on multifamily and industrial segments, maintaining a conservative loan-to-value ratio [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended September 30, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 AXOS FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware 33-0867444 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Id ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________________________________ FORM 10-K Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissio ...

Axos Financial, Inc. (NYSE:AX) Q4 2020 Earnings Conference Call July 29, 2020 5:00 PM ET Company Participants Johnny Lai - VP, Corporate Development and IR Greg Garrabrants - President and CEO Andrew Micheletti - EVP and CFO Conference Call Participants Andrew Liesch - Piper Sandler Michael Perito - KBW Steve Moss - B. Riley FBR Gary Tenner - D.A. Davidson Edward Hemmelgarn - Shaker Investments Operator Greetings, and welcome to the Axos Financial Fourth Quarter 2020 Financial Results. At this time, all par ...

Axos Financial, Inc. (NYSE:AX) Q3 2020 Earnings Conference Call April 29, 2020 5:00 PM ET Company Participants Johnny Lai - CFA VP, Corporate Development & IR Greg Garrabrants - President & CEO Andrew Micheletti - EVP & CFO Conference Call Participants Michael Perito - KBW Steve Moss - B. Riley FBR Andrew Liesch - Piper Sandler David Chiaverini - Wedbush Securities Edward Hemmelgarn - Shaker Investments David Feaster - Raymond James Operator Greetings, and welcome to the Axos Financial Third Quarter 2020 Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended March 31, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 AXOS FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware 33-0867444 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identi ...

Axos Financial, Inc. (NYSE:AX) Q2 2020 Earnings Conference Call January 29, 2020 5:00 PM ET Company Participants Johnny Lai - CFA VP, Corporate Development & IR Greg Garrabrants - President & CEO Andrew Micheletti - EVP & CFO Conference Call Participants Nick Dufala - B. Riley FBR Andrew Liesch - Piper Sandler Michael Perito - KBW David Chiaverini - Wedbush Securities Operator Greetings, and welcome to the Axos Financial Second Quarter 2020 Earnings Results Conference Call. At this time, all participants ar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended December 31, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 AXOS FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 9205 West Russell Road, STE 40 ...