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. (NYSE: AX) is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., and it regularly issues news updates on its banking, securities, and corporate activities. This news page aggregates coverage of Axos Financial and its subsidiaries, giving readers a centralized view of company announcements, earnings releases, strategic transactions, and operational developments.
Axos Financial’s news flow frequently includes quarterly and annual earnings reports, where the company discusses net interest income, non-interest income, loan and deposit growth, credit quality metrics, and segment performance for its Banking Business Segment and Securities Business Segment. These releases also provide insight into non-GAAP measures such as adjusted earnings, adjusted EPS, and tangible book value per common share, along with commentary from senior management.
In addition to financial results, Axos Financial and Axos Bank announce strategic initiatives and acquisitions. Recent examples include the acquisition of Verdant Commercial Capital, LLC to expand equipment leasing activities and add a nationwide commercial lending vertical, and the issuance of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 to refinance existing subordinated notes and support growth initiatives. News items also cover Axos Bank’s partnerships, such as joining Qualia’s Bank Partner Network to integrate specialized title and escrow banking services with a digital real estate closing platform.
Axos Bank and Axos Clearing also release updates on industry recognition and client relationships. MONEY’s Best Banks list named Axos Bank “Best Overall” in certain categories, and Axos Clearing has announced strategic relationships with wealth management firms like Alden Investment Group, highlighting the use of Axos Complete™, an integrated technology suite for advisors and clients.
Investors and observers can use this news page to monitor Axos Financial’s earnings announcements, capital markets transactions, acquisitions, partnerships, and other corporate events over time.
Axos Financial, the holding company for Axos Bank, Axos Clearing, and Axos Invest, will announce its fourth quarter fiscal 2024 results on July 30, 2024. The results, covering the period ending June 30, 2024, will be discussed in a conference call at 5:00 PM ET. The earnings report will be distributed an hour earlier at 4:00 PM ET. Interested parties can access the live call through Axos Financial's website or dial a toll-free number. A replay will be available until August 30, 2024, both online and via telephone.
Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), has been recognized by USA TODAY Blueprint as one of the industry's best, winning awards for Best Checking Account, Best Business Bank Account, and Best Personal Loan. The bank stands out for avoiding fees, ATM reimbursements, and serving borrowers with excellent credit. CEO Greg Garrabrants expressed pride in the bank's client-first approach and focus on modern banking.
Axos Financial, Inc. reported strong financial results for the third fiscal quarter ended March 31, 2024. Net income increased by 38.7% to $110.7 million, with diluted EPS up by 44.7% to $1.91. Adjusted earnings also saw a significant increase to $112.7 million. The company experienced growth in net interest income and non-interest income, leading to positive financial performance across various metrics. Deposit and loan balances showed substantial growth, with a strong capital position and increased book value per share.
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