Welcome to our dedicated page for Axos Financial news (Ticker: AX), a resource for investors and traders seeking the latest updates and insights on Axos Financial stock.
Axos Financial, Inc. reports news on its nationwide digital banking and securities-services businesses. The company is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc., with operations organized around a Banking Business Segment and a Securities Business Segment.
Recurring updates cover fiscal results, loan and deposit trends, small business banking, digital account and payments partnerships, securities clearing and advisory services, and capital or regulatory developments affecting the bank subsidiary. News also includes Verdant Commercial Capital, a division of Axos Bank that provides equipment and software financing for business-essential assets and participates in equipment receivables securitizations.
Axos Financial, Inc. (NYSE: AX) announced a conference call on April 29, 2021, at 5:00 PM ET to discuss its financial results for Q3 of fiscal 2021, ending March 31, 2021. The company, led by CEO Gregory Garrabrants and CFO Andrew J. Micheletti, will release earnings results earlier on the same day after 4:00 PM ET. The call can be accessed via Axos Financial’s website or by dialing a toll-free number. Axos Financial is a holding company for Axos Bank, which has approximately $14.4 billion in assets, and is part of key financial indices like Russell 2000®.
Axos Financial, Inc. (NYSE: AX) announced the redemption of all 6.25% Subordinated Notes due February 28, 2026, totaling $51 million. The redemption occurred on March 31, 2021, funded primarily by $175 million from newly issued 4.875% Fixed-to-Floating Rate Subordinated Notes due 2030. This move is expected to reduce annual interest expenses by approximately $3.2 million. Following the redemption, the 2026 Notes will no longer trade on the NYSE.
N26 has announced an expansion of its Perks rewards program through a partnership with Dosh®, enabling customers to earn cash back on purchases made with their N26 debit card. Automatic enrollment means customers can receive cash back in categories such as groceries and restaurants without needing to activate offers. This program aims to provide financial relief to customers impacted by the pandemic. Additionally, N26 has introduced new savings features allowing automatic payments to personalized sub-accounts, enhancing financial goal management.
Axos Financial, Inc. (NYSE: AX) announced the redemption of all its 6.25% Fixed-to-Floating Rate Subordinated Notes, amounting to $51 million, on March 31, 2021. The notes will be redeemed at 100% of their principal value plus any accrued interest. Following the redemption, these notes will cease trading on the New York Stock Exchange. Axos Financial is the parent company of Axos Bank, which provides various banking products and services and has approximately $14.4 billion in assets.
Axos Financial reported second quarter fiscal 2021 results with net income of $54.8 million, a 32.7% increase from the previous year. Diluted EPS rose to $0.91, up 35.8%. Adjusted earnings also increased to $56.6 million, or $0.94 per share. The growth was driven by a 23.7% rise in net interest income to $134.1 million and 35.4% growth in non-interest income. Total assets grew to $14.4 billion, up 17.3%, while the loan and lease portfolio increased by 14.5%.
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Axos Financial, Inc. (NYSE: AX) will host a conference call on January 28, 2021, at 5:00 PM ET to discuss its Q2 fiscal 2021 financial results. Earnings results will be published on the same day after 4:00 PM ET. CEO Gregory Garrabrants and CFO Andrew J. Micheletti will lead the call. Interested parties can access it via Axos Financial's website or by dialing 877-407-8293. A replay will be available until February 28, 2021. Axos Bank has over $13 billion in assets and offers various banking and investment products.
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N26, a mobile banking platform, has launched its U.S. marketing campaign titled "Money In Motion" featuring comedian Jimmy O. Yang. The campaign is designed to make banking stress-free and empowering, showcasing N26's features that help users manage their finances. With three videos released across digital and social platforms, the campaign aims to target Millennial and Gen-Z audiences through a partnership with ViacomCBS' Velocity. N26 operates in the U.S. through N26 Inc. in partnership with Axos Bank, boasting over 5 million customers globally and significant funding of approximately $800 million.