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 ...

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 ...

Axos Financial, Inc. (NYSE:AX) Q1 2020 Earnings Conference Call October 29, 2019 5:00 PM ET Company Participants Johnny Lai - CFA VP, Corporate Development & IR Gregory Garrabrants - President & CEO Andrew Micheletti - EVP & CFO Conference Call Participants Scott Valentine - Compass Points. Andrew Liesch - Sandler O'Neill Steve Moss - B Riley FBR Gary Tenner - D.A. Davidson & Company Michael Perito - KBW Operator Greetings and welcome to the Axos Financial Inc First Quarter 2020 Earnings Call. At this time, ...

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, 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 4 ...

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, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissio ...

Axos Financial, Inc. (NYSE:AX) Q4 2019 Earnings Conference Call July 30, 2019 5:00 PM ET Company Participants Johnny Lai – Vice President-Corporate Development and Investor Relations Greg Garrabrants – President and Chief Executive Officer Andy Micheletti – Executive Vice President and Chief Financial Officer Conference Call Participants Brad Berning – Craig Hallum Andrew Liesch – Sandler O'Neill Michael Perito – KBW Scott Valentin – Compass Point Research Edward Hemmelgarn – Shaker Investment Nick Duafala ...