Axos Q2 Fiscal 2026 Earnings Supplement January 29, 2026 NYSE: AX Loan Growth by Category $ Millions | | | | | Q2 FY26 | | Q1 FY26 | Inc (Dec) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Single Family | | Jumbo Mortgage | $ | 3,751 | $ | 3,753 | $ | (2) | | Mortgage & | | SF Warehouse Lending | | 1,044 | | 788 | | 256 | | Warehouse | | | | | | | | | | Multifamily & | | Multifamily | | 1,469 | | 1,585 | | (116) | | Commercial | Mortgage | Small Balance Commercial | | 1,029 | | 1,209 | | (18 ...

Financial Performance - Net income for the quarter ended June 30, 2025, was $110675 thousand[16], or $196 per basic share and $192 per diluted share[16] - Adjusted earnings (Non-GAAP) were $111814 thousand, with adjusted EPS (Non-GAAP) at $194[22] - The company's return on average assets was 185% and return on average common stockholders' equity was 1685%[16] - Net interest margin was 484%, and the efficiency ratio was 4687%[16] Balance Sheet - Total assets as of June 30, 2025, reached $24783078 thousand[13] - Total loans outstanding were $21552 million[3] - Total deposits amounted to $20829543 thousand[13], with approximately 90% of deposits being FDIC-insured or collateralized[4] - The allowance for credit losses was $290049 thousand, representing 136% of total loans held for investment[13, 16] Loan Portfolio - Single Family Mortgage & Warehouse loans totaled $4395 million with an ACL of $12 million (03%)[9] - Multifamily & Commercial Mortgage loans were $2941 million with an ACL of $26 million (09%)[9] - Commercial Real Estate loans amounted to $6937 million with an ACL of $114 million (16%)[9]

Financial Performance - Net income for the quarter ended June 30, 2025, was $110.675 million[16] - Adjusted earnings for the same period were $111.814 million[22], or $1.94 per diluted share[22] - Total assets reached $24.783 billion[13] - Total deposits amounted to $20.829 billion[13] - The company's return on average assets was 1.85%[16], and return on average common stockholders' equity was 16.85%[16] Loan Portfolio - Total loans outstanding reached $21.552 billion[3, 9, 11] - Single Family Mortgage & Warehouse loans totaled $4.395 billion[9, 11] with an ACL of $12 million[9] - Multifamily & Commercial Mortgage loans amounted to $2.941 billion[9, 11] with an ACL of $26 million[9] - Commercial Real Estate loans were $6.937 billion[9, 11] with an ACL of $114 million[9] - Commercial & Industrial Non-RE loans reached $6.796 billion[9, 11] with an ACL of $122 million[9] Credit Quality - The allowance for credit losses (ACL) was $290.049 million as of June 30, 2025[13] - Non-accrual loans represented 0.79% of total loans[16]