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Axos Financial, Inc. Announces New $100 Million Stock Repurchase Program
Axos FinancialAxos Financial(US:AX) Businesswire·2024-02-12 21:05

Core Viewpoint - Axos Financial, Inc. has authorized a new share repurchase program of up to $100 million, in addition to the remaining $20 million from the previous plan approved on April 26, 2023 [1] Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back shares on the open market or through private transactions at management's discretion [1] - There is no specified start or end date for the new common stock repurchase program [1] Group 2: Company Overview - As of December 31, 2023, Axos Financial, Inc. has approximately $21.6 billion in consolidated assets [2] - The company operates Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., providing a range of banking and investment services [2] - Axos Clearing LLC manages approximately $34.4 billion in assets under custody and/or administration as of December 31, 2023 [2] - Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol "AX" and is part of several indices including the Russell 2000® Index and the S&P SmallCap 600® Index [2]