Loan Growth and Financial Performance - Axos reported a loan growth of $19.826 billion in Q1 FY25, an increase of $23 million from Q4 FY24[2] - The company completed a purchase of $1.25 billion of loans from the FDIC at a 37% discount on December 7, 2023[4] - Total net loans increased to $19,280,609 thousand from $18,733,455 thousand, representing a growth of 2.85% quarter-over-quarter[18] - Loan originations for sale increased to $69,570 thousand from $52,858 thousand year-over-year, representing a growth of 31.6%[19] - Net interest income for the three months ended September 30, 2024, was $292,048 thousand, an increase from $211,155 thousand in the same period last year, representing a growth of 38.3%[19] - Net income before income taxes was $159,192 thousand, up from $118,156 thousand in the same quarter last year, marking a growth of 34.7%[19] - Adjusted earnings per diluted common share for the quarter was $1.93, compared to $1.38 in the same quarter last year, an increase of 39.9%[20] - The company reported a net interest margin of 4.92% for the quarter, compared to 4.46% in the same quarter last year, indicating an improvement in profitability[19] Credit Quality and Allowance for Losses - The allowance for credit losses (ACL) was $264 million as of September 30, 2024, with a total loan balance of $19.826 billion[12] - Non-accrual loans for multifamily and commercial mortgage were 0.85% and 0.66% respectively as of September 30, 2024[15] - The allowance for credit losses stood at $263,854 thousand, reflecting a slight increase from $260,542 thousand in the prior quarter[18] - Provision for credit losses increased to $14,000 thousand for the quarter, compared to $7,000 thousand in the same quarter of the previous year, indicating a rise of 100%[19] Deposits and Capital - Approximately 90% of deposits are FDIC-insured or collateralized, totaling $19.173 billion as of September 30, 2024[11] - Total deposits rose to $19,973,329 thousand, up 3.16% from $19,359,217 thousand in the previous quarter[18] - The Tier 1 capital ratio to risk-weighted assets remained stable at 11.47%[18] - Axos Securities contributed approximately $450 million of off-balance sheet deposits, enhancing deposit rate optionality[10] Loan Characteristics and Market Presence - As of September 30, 2024, 64% of fixed and hybrid rate loan balances will reprice within 3 years, and 91% will reprice within 5 years[10] - The weighted average loan-to-value (LTV) for residential loans was 61.3% as of September 30, 2024[4] - The company reported a total of $1,912 million in multifamily loans with a weighted average LTV of 40%[7] - The company serves approximately 40% of U.S. Chapter 7 bankruptcy cases, enhancing its market presence[11] Other Financial Metrics - Customer, broker-dealer, and clearing receivables decreased to $262,774 thousand, down from $292,630 thousand, a decline of 10.19%[18] - Common shares outstanding at the end of the period increased to 57,092,216, compared to 56,894,565 in the previous quarter[18] - Securities available-for-sale decreased to $137,996 thousand from $141,611 thousand, a decline of 2.18%[18] - The total stockholders' equity data was not provided, indicating a focus on other financial metrics[18] - The net capital as a percentage of aggregate debit items was not specified, indicating a potential area for further analysis[18] - The company maintained advances from the FHLB at $90,000 thousand, consistent across reporting periods[18] - The weighted average number of diluted common shares outstanding was 58,168,468 for the quarter, slightly up from 58,037,698 in the previous quarter[21] - The efficiency ratio for the quarter was not explicitly stated but is calculated as non-interest expense as a percentage of the aggregate of net interest income and non-interest income[19]

Investors in Axos Financial, Inc. (AX) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $17.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

Short sellers are market bears that seek to profit from falling stock prices. Some of the more popular short sellers will put out their research reports attempting to expose a target company by implying misconduct or fraud in order to trigger investors to sell their positions. The selling action is supposed to beget more selling as the price falls, enabling the short seller to cover their short position for a profit. However, things don’t always go as planned. The short seller can also encourage more short ...

Needham analyst Kyle Peterson initiated coverage on Axos Financial, Inc. AX with a Buy rating and a price target of $82.00.The analyst writes that, unlike traditional banks, the company avoids a broad branch strategy, enhancing profitability and efficiency while expanding its total addressable market.Importantly, Axos Financial holds a full banking license, which offers stickier and cheaper funding for loans compared to warehouse lines and enables in-house banking products, adds the analyst.The analyst says ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Axos Financial (AX) , which belongs to the Zacks Financial - Miscellaneous Services industry.This bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.23%.For the last reported quarter, Axos Financial came out with earnings of $1.83 ...

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, 2024 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 __________________________________________________________________________________________ AXOS FIN ...

Guido Mieth Investment Thesis Axos Financial (NYSE:AX) stood out as a major outperformer compared to the industry with double-digit earnings and book value growth for the fiscal fourth quarter of 2024. I am surprised by the balance of strong profitability with a balanced risk profile that Axos has, leading me to believe the shares deserve some premium valuation to the sector median. Given that the stock trades at a discount at 8.7x forward earnings, I believe there is more room for upside and rate shares as ...

For the quarter ended June 2024, Axos Financial (AX) reported revenue of $290.92 million, up 23% over the same period last year. EPS came in at $1.83, compared to $1.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $296.02 million, representing a surprise of -1.72%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $1.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Axos Financial, Inc. (NYSE:AX) Q4 2024 Results Conference Call July 30, 2024 5:00 PM ET Company Participants Johnny Lai - Senior VP, Corporate Development and IR Greg Garrabrants - President and CEO Derrick Walsh - EVP and CFO Conference Call Participants David Feaster - Raymond James Gary Tenner - D. A. Davidson Andrew Liesch - Piper Sandler Kelly Motta - KBW Edward Hemmelgarn - Shaker Investments Operator Hello, and welcome to the Axos Financial, Inc. Fourth Quarter 2024 Earnings Call and Webcast [Operato ...

Axos Financial (AX) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.67%. A quarter ago, it was expected that this bank holding company would post earnings of $1.72 per share when it actually produced earnings of $1.94, delivering a surprise of 12.79%.Over the last four quarters, the ...