Axos Financial Inc

Common Name
Axos Financial
Country
United States
Sector
Financial Services
Industry
Banks - Regional
Employees
1,989
Ticker
AX
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Axos Financial Inc. is a diversified financial services company that provides a range of banking and financial products to both consumers and businesses. Its primary function is to offer comprehensive...

Financial Statements of Axos Financial

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 USD202420232022
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

Verified Sources Behind Axos Financial’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Axos Financial’s data sources below and access millions more through our Disclosure Search.

a. Axos Financial's 10-K 2024
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