Axos Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 21, 2025.
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FY2025 · Filed Aug 21, 2025
AX$92.17-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Fiscal Year Ended June 30, | |||
|---|---|---|---|
| (Dollars in thousands, except earnings per common share) | 2025 | 2024 | 2023 |
| INTEREST AND DIVIDEND INCOME: | |||
| Loans, including fees | $1,654,784 | $1,499,572 | $1,048,874 |
| Securities borrowed and customer receivables | 25,492 | 22,407 | 18,657 |
| Investments and other | 135,189 | 133,628 | 89,607 |
| Total interest and dividend income | 1,815,465 | 1,655,607 | 1,157,138 |
| INTEREST EXPENSE: | |||
| Deposits | 667,753 | 670,570 | 339,481 |
| Advances from the Federal Home Loan Bank | 1,652 | 3,087 | 12,644 |
| Securities loaned | 1,830 | 2,214 | 3,673 |
| Other borrowings | 16,458 | 18,307 | 18,219 |
| Total interest expense | 687,693 | 694,178 | 374,017 |
| Net interest income | 1,127,772 | 961,429 | 783,121 |
| Provision for credit losses | 55,745 | 32,500 | 24,250 |
| Net interest income, after provision for credit losses | 1,072,027 | 928,929 | 758,871 |
| NON-INTEREST INCOME: | |||
| Broker-dealer fee income | 45,233 | 48,136 | 46,503 |
| Advisory fee income | 31,794 | 31,335 | 28,324 |
| Banking and service fees | 38,195 | 35,723 | 32,938 |
| Mortgage banking and servicing rights income | 13,007 | 10,000 | 7,101 |
| Prepayment penalty fee income | 2,837 | 5,069 | 5,622 |
| Gain on acquisition | — | 92,397 | — |
| Total non-interest income | 131,066 | 222,660 | 120,488 |
| NON-INTEREST EXPENSE: | |||
| Salaries and related costs | 297,955 | 250,873 | 204,271 |
| Data and operational processing | 80,433 | 69,370 | 60,557 |
| Depreciation and amortization | 29,019 | 27,086 | 23,387 |
| Advertising and promotional | 47,760 | 42,797 | 37,150 |
| Professional services | 37,572 | 36,532 | 29,268 |
| Occupancy and equipment | 17,705 | 16,704 | 15,647 |
| FDIC and regulatory fees | 27,558 | 20,546 | 15,534 |
| Broker-dealer clearing charges | 17,065 | 18,260 | 13,433 |
| General and administrative expense | 34,631 | 33,940 | 48,368 |
| Total non-interest expense | 589,698 | 516,108 | 447,615 |
| INCOME BEFORE INCOME TAXES | 613,395 | 635,481 | 431,744 |
| INCOME TAXES | 180,487 | 185,473 | 124,579 |
| NET INCOME | $432,908 | $450,008 | $307,165 |
| Basic earnings per common share | $7.61 | $7.82 | $5.15 |
| Diluted earnings per common share | $7.43 | $7.66 | $5.07 |
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