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 ...

Financial Performance - Axos Financial, Inc. reported net income of $56.057 million for the three months ended March 31, 2020, compared to $38.821 million for the same period in 2019, representing a 44.3% increase[176]. - Adjusted earnings for the three months ended March 31, 2020, were $57.652 million, up from $51.518 million in the prior year, reflecting a 11.0% increase[176]. - For the three months ended March 31, 2020, net income was $56.1 million, an increase from $38.8 million for the same period in 2019, representing a growth of 44.0%[187]. - Net income attributable to common stockholders for the three months ended March 31, 2020, was $56.0 million or $0.91 per diluted share, compared to $38.7 million or $0.63 per diluted share in 2019[187]. - For the nine months ended March 31, 2020, net income was $138.1 million, up from $114.5 million in the same period in 2019, reflecting a growth of 20.6%[187]. - For the nine months ended March 31, 2020, net income was $211.2 million, compared to $195.2 million for the same period in 2019, reflecting an increase of 8.5%[227]. Asset and Deposit Growth - The Company has approximately $12.2 billion in assets, providing a range of consumer and business banking products through online channels[155]. - Total assets as of March 31, 2020, were $12.16 billion, an increase from $11.22 billion as of June 30, 2019, reflecting a growth of 8.4%[182]. - Total deposits increased to $9.57 billion as of March 31, 2020, compared to $8.98 billion as of June 30, 2019, marking a growth of 6.5%[182]. - Total assets reached $11,112,312, an increase from $9,870,240, marking a growth of 12.6% year-over-year[233]. - Deposits increased by $584.2 million, or 6.5%, to $9,567.3 million at March 31, 2020, driven by a 61.5% increase in non-interest bearing deposits[267]. Income and Expense Analysis - Net interest income for the three months ended March 31, 2020, was $148.6 million, compared to $129.2 million in the same period of 2019, indicating an increase of 15.0%[184]. - Non-interest income for the three months ended March 31, 2020, was $31.5 million, up from $26.1 million in 2019, representing a growth of 20.0%[184]. - Total non-interest expenses decreased by $10.0 million to $71.8 million for the three months ended March 31, 2020, compared to $81.8 million for the same period in 2019[209]. - Non-interest expense for the three months ended March 31, 2020, was $56.7 million, compared to $52.2 million for the same period in 2019, reflecting an increase of 8.6%[227]. Loan and Lease Provisions - The Company increased provisions for loan and lease losses due to a weakening economy, reflecting proactive risk management in response to COVID-19[167]. - The allowance for loan and lease losses was $87.1 million as of March 31, 2020, compared to $57.1 million as of June 30, 2019, indicating a significant increase of 52.6%[182]. - The provision for loan and lease losses was $28.5 million for the three months ended March 31, 2020, compared to $19.0 million for the same period in 2019, indicating a 50% increase[202]. - The loan and lease loss provision for the three months ended March 31, 2020, was $28.5 million, up from $19.0 million for the same period in 2019, primarily due to economic conditions related to the COVID-19 pandemic[264]. Regulatory and Capital Position - Axos Bank is regulated by the OCC and FDIC, and as a depository institution with over $10 billion in assets, it is subject to direct supervision by the CFPB[156]. - The company met all capital adequacy requirements and was classified as "well capitalized" under regulatory frameworks as of March 31, 2020[294]. - Tier 1 capital ratio was 11.39% and total capital ratio was 12.96% as of March 31, 2020, exceeding the minimum requirements[295]. - The company had average adjusted assets of $12.39 billion and total risk-weighted assets of $9.30 billion as of March 31, 2020[295]. Market and Interest Rate Risk - The company manages interest rate risk by setting limits on the size and duration of positions in interest-sensitive financial instruments[310]. - A 200 basis point increase in interest rates is projected to increase net interest income by 8.6% over the next 12 months[306]. - The net present value of equity is expected to increase by 8.7% with a 300 basis point rise in interest rates, reaching $1,412,896,000[307]. - The Securities Business is exposed to market risk due to fluctuations in interest rates and market prices, impacting the value of financial instruments[308]. Operational Efficiency - Efficiency ratio improved to 39.85% for the three months ended March 31, 2020, compared to 52.69% in the same period of 2019, indicating enhanced operational efficiency[184]. - The efficiency ratio improved to 33.21% for the three months ended March 31, 2020, compared to 35.26% for the same period in 2019[228]. Legal and Compliance Matters - The company is actively defending against multiple class action lawsuits and shareholder derivative actions[284].

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 ...