Axos Financial(US:AX)2024-10-30 23:24Loan Portfolio - Axos' Single Family Mortgage & Warehouse loan portfolio decreased by $115 million from Q4 FY24 to Q1 FY25[1] - Jumbo Mortgage decreased from $3.922 billion to $3.807 billion[1] - Multifamily loan portfolio decreased by $178 million from $2.541 billion to $2.363 billion[2] - Commercial Real Estate (CRE) Specialty increased by $189 million, from $5.189 billion to $5.378 billion[2] - Commercial & Industrial Non-RE loans increased by $171 million, from $1.797 billion to $1.968 billion[2] - Total loans outstanding increased slightly by $23 million, from $19.803 billion to $19.826 billion[2] FDIC Loan Purchase - Axos completed a purchase of $1.25 billion of loans from the FDIC at a 37% discount on December 7, 2023[4] - The weighted average yield before accretion of discount for the total CRE loans purchased from FDIC is 7.4%[4] - The weighted average LTV for the total CRE loans purchased from FDIC is 52%[4] Credit Quality and Allowance for Credit Losses (ACL) - Total loans outstanding as of September 30, 2024, were $19.826 billion with an ACL of $264 million, representing 1.3%[13] - Non-accrual loans to total loans was 0.89% as of September 30, 2024[15] Deposits - Approximately 90% of deposits are FDIC-insured or collateralized[11]