Axos Financial (AX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Viewpoint - Axos Financial reported a revenue of $308.84 million for the quarter ended March 2025, marking a year-over-year increase of 4.8% and exceeding the Zacks Consensus Estimate by 0.72% [1] Financial Performance - Earnings per share (EPS) for the quarter was $1.81, down from $1.94 a year ago, with an EPS surprise of 4.02% compared to the consensus estimate of $1.74 [1] - The efficiency ratio was reported at 47.4%, better than the three-analyst average estimate of 47.9% [4] - Net Interest Margin remained stable at 4.8%, matching the average estimate [4] - Total non-performing assets were $188.86 million, significantly lower than the two-analyst average estimate of $244.19 million [4] - Total nonaccrual loans stood at $185.06 million, also below the two-analyst average estimate of $240.12 million [4] - Average balance of total interest-earning assets was $23.04 billion, slightly below the $23.30 billion average estimate [4] - Net annualized charge-offs to average loans were 0.1%, better than the 0.2% average estimate [4] - Net Interest Income was reported at $275.46 million, lower than the $277.97 million average estimate [4] - Total Non-Interest Income reached $33.37 million, exceeding the three-analyst average estimate of $30.07 million [4] - Income from mortgage banking and servicing rights was $1.50 million, above the two-analyst average estimate of $1.25 million [4] Stock Performance - Over the past month, shares of Axos Financial have returned -0.7%, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]