Below are the financial statements of Axos Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Interest and dividend income | — | — | — |
Loans, including fees | 1,499.57a | 1,048.87a | 626.63a |
Securities borrowed and customer receivables | 22.41a | 18.66a | 20.51a |
Investments and other | 133.63a | 89.61a | 12.59a |
Total interest and dividend income | 1,655.61a | 1,157.14a | 659.73a |
Interest expense | — | — | — |
Deposits | -670.57a | -339.48a | -33.62a |
Advances from the federal home loan bank | -3.09a | -12.64a | -4.63a |
Securities loaned | -2.21a | -3.67a | -1.12a |
Other borrowings | -18.31a | -18.22a | -13.2a |
Total interest expense | -694.18a | -374.02a | -52.57a |
Net interest income | 961.43a | 783.12a | 607.16a |
Provision for credit losses | -32.5a | -24.25a | -23.75a |
Net interest income, after provision for credit losses | 928.93a | 758.87a | 583.41a |
Non-interest income | — | — | — |
Broker-dealer fee income | 48.14a | 46.5a | 22.88a |
Advisory fee income | 31.34a | 28.32a | 29.23a |
Banking and service fees | 35.72a | 32.94a | 28.75a |
Mortgage banking and servicing rights income | 10a | 7.1a | 19.2a |
Prepayment penalty fee income | 5.07a | 5.62a | 13.3a |
Gain on acquisition | 92.4a | 0a | 0a |
Total non-interest income | 222.66a | 120.49a | 113.36a |
Non-interest expense | — | — | — |
Salaries and related costs | -250.87a | -204.27a | -167.39a |
Data and operational processing | -69.37a | -60.56a | -50.16a |
Depreciation and amortization | -27.09a | -23.39a | -24.6a |
Advertising and promotional | -42.8a | -37.15a | -13.58a |
Professional services | -36.53a | -29.27a | -22.48a |
Occupancy and equipment | -16.7a | -15.65a | -13.75a |
FDIC and regulatory fees | -20.55a | -15.53a | -11.82a |
Broker-dealer clearing charges | -18.26a | -13.43a | -15.18a |
General and administrative expense | -33.94a | -48.37a | -37.85a |
Total non-interest expense | -516.11a | -447.62a | -356.81a |
Income before income taxes | 635.48a | 431.74a | 339.96a |
Income taxes | -185.47a | -124.58a | -99.24a |
Net income | 450.01a | 307.17a | 240.72a |
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