What does Axos Financial do and what are its main business segments?

What is Axos Financial's gross profit margin?

What factors drove the changes in Axos Financial's revenue and profit?

Did Axos Financial beat or miss consensus estimates last quarter?

What guidance did Axos Financial's management provide for the next earnings period?

What is the market's earnings forecast for Axos Financial next quarter?

What were the key takeaways from Axos Financial’s earnings call?

What were the key takeaways from Axos Financial's earnings call?

- **Record Growth**: $1.6B net loan growth, 4.94% NIM, and 23.3% EPS surge highlight Q2 success.
- **Verdant Synergy**: $130M new loans from Verdant, targeting 2-3% EPS accretion this year.
- **AI Efficiency**: AI tools reduce manual tasks, enabling 90%+ down beta on rate cuts.
- **Guidance**: Q3 loan growth of $600-800M, with 10-15bps FDIC accretion sustainment.
- **Credit Strength**: Nonaccrual loans at 61bps, net charge-offs at 4bps, with 215.8% allowance coverage.


**【CEO Summary Section】**
- **Revenue and Loan Growth**: Generated $1.6 billion in net loan growth, with 19 basis points increase in net interest margin (NIM) to 4.94%. EPS rose 23.3% YoY to $2.22, driven by strong originations in commercial real estate (CRESL), equipment finance, and Verdant's contributions.
- **Credit Quality**: Nonperforming assets declined by $19 million, with nonaccrual loans improving to 61 basis points of total loans. Net charge-offs remained low at 4 basis points.
- **Verdant Integration**: Contributed $130 million in new loans and leases, with plans for $150 million+ quarterly growth. Synergies include cross-selling deposits and floor plan lending.
- **AI and Efficiency**: Deploying AI in software development and credit workflows, reducing manual tasks and enhancing compliance monitoring.

**【CFO Financial Commentary】**
- **Income Performance**: GAAP net income of $128.4 million (+22.6% YoY), with noninterest income up 65% to $53.4 million, driven by Verdant's $18.9 million contribution.
- **Expense Management**: Noninterest expenses rose to $184.6 million, with $22.6 million from Verdant. Salaries and benefits growth capped at 30% of revenue.
- **Pipeline Strength**: $2.2 billion loan pipeline, including $1.2 billion in commercial lending, supporting low-mid-teens YoY growth.

**【Q&A Key Highlights】**
- **NIM Outlook**: Expect 5-6 basis point decline in Q3 due to rate cuts, offset by higher originations. Long-term accretion from FDIC loans at 10-15 basis points.
- **Verdant Synergies**: Targeting 2-3% EPS accretion in 2026, rising to 5-6% in 2027. Cross-selling deposits and floor plan lending to dealers.
- **Loan Growth Guidance**: Q3 net loan growth of $600-800 million, with $800 million+ starting balance for Q4.
- **AI Impact**: Enhancing productivity in software development and risk monitoring, enabling concurrent projects without hiring.


Axos Financial, Inc. (AX) Q2 2026 Earnings Call Transcript

- **Record Loan Growth**: $1.6 billion net loan growth, including $1 billion from Verdant, driving 15%+ annualized net interest income growth. 
- **Verdant Synergies**: Expected to add $150-200M quarterly and boost EPS by 2-3% in FY2026. 
- **Strong Credit Metrics**: Nonperforming loans at 74bp, down 5bp linked quarter; net charge-offs at 11bp. 
- **Deposit Expansion**: Total deposits up 11.5% year-over-year to $22.3B, with 94% in low-cost funding. 
- **AI-Driven Efficiency**: Investing in AI to reduce expenses below 30% of revenue growth, with Axos Workstation rolling out to RIAs. 
- **M&A Focus**: Actively pursuing accretive deals in specialty lending, with $1.3B pipeline in floor plan lending.

**【CEO Summary Section】**
- **Revenue Growth and Loan Expansion**: Achieved $1.6 billion net loan growth in Q1 2026, including $1 billion from the Verdant acquisition. Net interest income increased by $11 million linked quarter, driven by growth across single-family mortgage, commercial specialty real estate, and auto lending. 
- **Verdant Acquisition Impact**: Added $1.2 billion in loans and leases, with expectations for $150-200 million quarterly growth. The acquisition is projected to be accretive to EPS by 2-3% in FY2026 and 5-6% in FY2027. 
- **Credit Quality**: Nonperforming loans improved to 74 basis points of total loans, down 5 basis points linked quarter. Net charge-offs declined 5 basis points year-over-year to 11 basis points. 
- **Deposit Growth**: Total deposits reached $22.3 billion, up 6.9% year-over-year, with 94% in low-cost demand, money market, and savings accounts. 
- **AI and Operational Efficiency**: Investing in AI to enhance productivity across risk, compliance, and software development. The Axos Professional Workstation is being rolled out to RIAs and brokers to integrate banking products seamlessly. 

**【CFO Financial Commentary】**
- **Financial Performance**: Net income of $112.4 million, up 1.5% linked quarter. Diluted EPS was $1.94, with adjusted EPS of $2.06 excluding deal-related expenses. 
- **Expense Management**: Noninterest expenses increased by $5.6 million linked quarter, driven by salaries and benefits. Excluding one-time Verdant costs, expenses grew 2.8%. 
- **Tax Rate**: Effective tax rate of 25% for the quarter, benefiting from California tax changes. Forward guidance remains 26-27%. 
- **Loan Pipeline**: $2.2 billion pipeline as of October 24, including $1.1 billion in commercial verticals and $76 million in auto/consumer loans. 

**【Q&A Highlights】**
- **Credit Risk Management**: Emphasized fraud prevention in NDFI (Non-Depository Financial Institutions) lending, with stringent title insurance and lien monitoring. No material losses expected from current nonperforming assets. 
- **Verdant Funding**: $754 million in securitizations with 3.7-year weighted average life and spreads of 2.57-3.07%. Plans to replace with lower-cost deposits over time. 
- **M&A Strategy**: Actively pursuing accretive acquisitions in specialty lending and banking, with focus on cultural fit and financial discipline. 
- **Floor Plan Lending**: New team secured term sheets for several hundred million in lines, leveraging manufacturer repurchase agreements (MBRAs). 
- **Expense Growth Guidance**: Personnel and professional services expenses to grow below 30% of net interest and noninterest income growth, supported by AI-driven efficiency improvements.

Axos Financial, Inc. (AX) Q1 2026 Earnings Call Transcript

- **Revenue and Margin Strength**: Q4 net loan growth of $856 million, 18% YoY book value growth, and 17% ROE highlight operational excellence.
- **AI-Driven Efficiency**: AI implementation to reduce costs and accelerate product delivery, supporting 26-27% tax rate from Q1 2026.
- **Strategic M&A and Buybacks**: $31M stock buyback in Q4; M&A pipeline focused on specialty lending and fee-based businesses.
- **Credit Resilience**: Nonaccrual loans down 89 bps QoQ to 79 bps; no material losses expected in key portfolios.

**【CEO Summary Section】**
- **Strong Financial Performance**: Q4 2025 net loan growth of $856 million, 6 basis points expansion in net interest margin (4.84%), and 18% YoY increase in book value per share. Diluted EPS was $1.92, up 6.6% QoQ.
- **Operational Efficiency**: Return on average common equity of 17%, operating efficiency ratio maintained below 50%. AI implementation expected to reduce costs and accelerate product development.
- **Strategic Initiatives**: $31 million stock buyback in Q4; M&A pipeline includes specialty lending and nonbanking businesses with low-cost deposits. California tax reform to reduce effective tax rate by 3 percentage points starting Q1 2026.
- **Credit Quality**: Nonaccrual loans declined 89 basis points QoQ to 79 basis points; no material losses anticipated in single-family, multifamily, or C&amp;I portfolios.

**【CFO Financial Commentary】**
- **Revenue Growth**: Net interest income $280 million (7.7% YoY), driven by 16% annualized loan growth. Noninterest income included a $12 million gain from multifamily loan sales.
- **Expense Management**: Noninterest expenses $151 million (+3% QoQ), with $2.5 million increase excluding a prior quarter legal accrual reversal. Q3 2025 merit increases (~4%) and new floor plan team costs (~$1 million/Q) expected to impact expenses.
- **Tax Impact**: One-time $5.6 million deferred tax impairment due to California tax reform. Effective tax rate expected to drop to 26-27% from 29% starting Q1 2026.
- **Pipeline Strength**: $2 billion loan pipeline as of July 25, 2025, with diversification across single-family, multifamily, C&amp;I, and auto lending.

**【Q&A Key Highlights】**
- **NIM Outlook**: Stable at 4.84% with offsetting effects of lower new loan yields and reduced prepayments. AI-driven efficiency gains expected to mitigate margin pressure.
- **Deposit Growth**: Axos ONE consumer bundle deposits up 7% YoY; cross-selling success in specialty lending (e.g., tech, middle market) supports funding.
- **M&A Strategy**: Focus on fee-based, low-cost deposit businesses. Recent team additions (e.g., floor plan lending) expected to drive organic growth.
- **Credit Trends**: No broad deterioration in loan portfolios; C&amp;I nonaccruals down $9.4 million QoQ. California tax reform benefits to flow directly to net income.

Axos Financial Inc. (AX) Q4 2025 Earnings Call Transcript

- **Strong Loan Growth**: $700M linked-quarter growth, with annualized 14.5% expansion in nonpurchased loans. Jumbo mortgage headwinds reduced by 90% YoY.
- **Resilient Margins**: NIM of 4.78% maintained despite 13bps liquidity drag. Deposit costs down 36bps linked quarter to 3.59%.
- **Credit Quality Improvement**: Nonaccrual loans drop to 89bps, charge-offs stable at 9bps. Pipelines indicate high single-digit loan growth potential.
- **AI-Driven Efficiency**: Investing in AI for software development and client platforms, reducing dev costs by 50%+.
- **Capital Return**: $58M in buybacks (Q3 + post-quarter) amid 48% efficiency ratio and 16% ROE.


**【CEO Summary Section】**
- **Revenue Growth and Loan Expansion**: Achieved $700 million in net loan growth linked quarter, with annualized growth of 14.5%. Key segments like fund finance, equipment leasing, and lender finance showed strong originations. Jumbo single-family and multifamily mortgage headwinds improved, with net declines of $36 million vs. $384 million in the prior quarter.
- **Net Interest Margin (NIM) and Cost Control**: NIM of 4.78% (down 5bps YoY) remained resilient despite excess liquidity drag. Deposit growth (5.4% YoY) and lower funding costs (3.59% for interest-bearing deposits) supported margin stability. Noninterest expense growth was minimal (0.6% linked quarter), excluding seasonal adjustments.
- **Credit Quality**: Nonaccrual loans improved to 89bps of total loans (from 1.26%), with charge-offs at 9bps (8bps ex-auto). Loan pipelines across auto, multifamily, and C&amp;I are healthy, targeting high single-digit to low teens annual growth.
- **Strategic Initiatives**: Investing in AI for software development and operational efficiency. Axos Professional Workstation and Axos Invest modernization aim to enhance client experience and cross-selling opportunities.

**【CFO Financial Commentary】**
- **Earnings and Margin**: GAAP net income of $105.2 million (Diluted EPS $1.81) vs. $104.7 million prior quarter. NIM of 4.78% remained above target range (4.25%-4.35%) ex-FDIC accretion. Excess liquidity dragged NIM by 13bps (down from 18bps prior quarter).
- **Expense Management**: Noninterest expense growth of 0.6% linked quarter (excluding FICA and legal accruals). Operating efficiency ratio maintained at 48%. California tax proposal could reduce effective tax rate by 3% if enacted.
- **Loan Pipeline and Growth**: $2.1 billion in pipeline loans as of April 25, including $1.1 billion in C&amp;I. Expect organic loan growth of high single to low teens annually, excluding FDIC purchases.
- **Balance Sheet Management**: Repurchased $28 million in Q3 and $30.3 million post-quarter, reflecting excess capital utilization.

**【Q&A Highlights】**
- **Loan Growth Strategy**: Avoiding high-risk C&amp;I segments (e.g., logistics) while focusing on lower-yield but stable categories. Pipelines indicate potential for sustained growth despite rate volatility.
- **Fee Income Volatility**: One-time items (e.g., auto insurance recoveries, DTC stock mark) drove Q3 fee income spike. Expect more normalized levels forward.
- **Credit Reserves**: ACL adjustments reflected economic model inputs (e.g., tariff fears) and portfolio mix shifts. C&amp;I reserve increased due to growth, while real estate reserves declined on improving housing price indexes.
- **Capital Allocation**: Buybacks (1%+ of shares in Q3) prioritized amid strong loan growth and capital ratios. M&amp;A focus on wealth/custody and specialty finance opportunities.
- **AI and Tech Investment**: Low-code platforms and AI tools accelerate software development, reducing costs and enhancing operational efficiency. Axos Professional Workstation launch highlights cross-selling potential.


Axos Financial (AX)-30 Apr 25-2025 Q3 Earnings call transcript

- **Revenue & Profit Growth**: Net interest income up 22.5% YoY to $280M, ROE of 17%, and 21% YoY growth in book value per share.
- **Margin Expansion**: NIM of 4.83% (4.87% ex-FDIC), with plans to stay above 4.25%-4.35% range.
- **Credit Strength**: 10 bps charge-offs, minimal expected losses on NPAs, and auto loan portfolio rebound.
- **Cost Management**: 51 bps deposit rate decline QoQ, noninterest expenses down 1.5% QoQ.
- **Strategic Moves**: $150M ATM shelf for acquisitions, AI-driven fee income growth, and reducing headwinds in mortgage lending.


**【CEO Summary Section】**
- **Revenue Growth**: Net interest income increased 22.5% YoY to $280 million, driven by loan growth and margin expansion. Ending loan balances rose 6.7% YoY to $19.5 billion.
- **Profitability**: Return on average common equity (ROE) was 17%, and return on assets (ROA) was 1.7%. Tangible book value per share grew 21% YoY.
- **Net Interest Margin (NIM)**: NIM was 4.83%, up 28 bps YoY but down 34 bps QoQ due to excess liquidity. Excluding FDIC loan payoffs, NIM was 4.87%.
- **Credit Quality**: Net charge-offs were 10 bps, with minimal expected losses on nonperforming assets (NPAs). Auto loan portfolio showed sequential growth after 18 months of decline.
- **Strategic Initiatives**: Focus on reducing headwinds in single-family and multifamily loans through competitive exits and rate adjustments. Expansion of fee income through AI and low-code platforms.

**【CFO Financial Commentary】**
- **Earnings**: GAAP net income was $104 million, down 31% YoY due to prior-year FDIC gains. Adjusted EPS (excluding FDIC impact) was $1.82, up 12% YoY.
- **Expense Management**: Noninterest expenses decreased 1.5% QoQ to $145 million, with efficiency ratio at 41%. Deposit cost management reduced total interest-bearing deposit rates by 51 bps QoQ.
- **Liquidity**: Excess liquidity dragged NIM by 18 bps, but management expects to deploy capital into organic growth and strategic opportunities.
- **Pipeline Strength**: $2.1 billion in loan pipeline, with healthy growth across real estate and non-real estate lending segments.

**【Q&A Highlights】**
- **Deposit Cost Trends**: Deposit costs declined 51 bps QoQ, with focus on repricing high-cost deposits. Management expects stable or slightly lower rates if the Fed pauses.
- **NIM Outlook**: Core NIM (excluding FDIC loans) expected to stay above 4.25%-4.35% range, supported by loan growth and deposit mix improvements.
- **NPAs**: $10.4 million increase in single-family NPAs due to 3 low-LTV loans. Management confident in minimal losses given conservative LTVs and insurance coverage.
- **Capital Deployment**: $150M ATM shelf announced to capitalize on potential acquisitions. Focus on specialty finance businesses with unique niches and deposit funding synergies.
- **Fee Income Growth**: Securities business (custody, clearing) driving fee income, with net new assets under custody up $822 million QoQ. AI and low-code initiatives to enhance operational efficiency.


Actual											0.91	0.75	0.88	0.91	0.89	0.9	0.99	1	1.02	0.96	0.97	1.35	1.32	1.46	1.38	2.62	1.91	1.8	1.93	1.8	1.81	1.92	1.94	2.22
Forecast											0.8867	0.5433	0.6817	0.8343	0.8586	0.862	0.89	0.975	0.9875	0.9875	1.1217	1.225	1.205	1.2667	1.355	1.3967	1.7023	1.8033	1.7943	1.7487	1.735	1.7833	1.8467	2.0733
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+2.63%	+38.05%	+29.09%	+9.07%	+3.66%	+4.41%	+11.24%	+2.56%	+3.29%	-2.78%	-13.52%	+10.20%	+9.54%	+15.26%	+1.85%	+87.59%	+12.20%	-0.18%	+7.56%	+2.93%	+4.32%	+7.67%	+5.05%	+7.08%

AX

AX fundamentals

AX Q2 2026 Earnings

Earnings Call

You can ask Aime

AX

AX fundamentals

AX Q2 2026 Earnings

Earnings Call

AX Earnings Call Summary for Q2/20265:00 PM on Jan 29, 2026

AX Earnings Call Summary for Q1/20265:00 PM on Oct 30, 2025

AX Earnings Call Summary for Q4/20255:00 PM on Jul 30, 2025

AX Earnings Call Summary for Q3/20255:00 PM on Apr 30, 2025

AX Earnings Call Summary for Q2/20255:00 PM on Jan 28, 2025

You can ask Aime