Axos Financial Inc Stock Price, News & Analysis

Axos Bank has been recognized in GOBankingRates's Best Banks of 2023, earning top spots in categories like Best Online Banks and Best Checking Accounts. The evaluation considered over 4,300 data points from more than 170 banks and credit unions. Axos Bank is praised for its no-fee accounts, including the Rewards Checking account and Essential Checking, which offer a user-friendly experience. The bank holds over $18.7 billion in consolidated assets and is a wholly owned unit of Axos Financial, listed under the stock symbol AX.

Axos Financial reported strong fiscal second quarter results ending December 31, 2022, with a net income of $81.6 million, up 34% from $60.8 million in Q2 2021. Diluted earnings per share rose to $1.35, a 35% increase from $1.00. Adjusted earnings reached $83.4 million, with adjusted EPS at $1.38, marking a 33% increase. Net interest income was $199.9 million, up 37.3% year-over-year, bolstered by loan growth and rising interest rates. Total assets increased to $18.7 billion, while non-performing loans decreased to 0.61%. A conference call is scheduled for January 26, 2023.

Axos Financial, Inc. (NYSE: AX) will release its second quarter fiscal 2023 earnings results on January 26, 2023, after 4:00 PM ET. A conference call to discuss these results will follow at 5:00 PM ET. The company, parent of Axos Bank, currently holds approximately $18.4 billion in assets and offers banking products through various low-cost distribution channels. Its subsidiaries also provide securities clearing services and digital investment advisory.

Axos Invest has launched FundFinder+, a free tool that provides self-directed investors with access to extensive database insights on mutual funds and ETFs, previously available only to financial advisors.

Featuring integration with LOGICLY for enhanced analytics, FundFinder+ allows investors to research fund options tailored to their specific goals. The tool consolidates information from leading asset management firms, promoting transparency and informed investing. Axos Invest aims to empower individual investors with innovative tools and resources to enhance portfolio management.

Axos Financial, Inc. (NYSE: AX) reported its first fiscal quarter results for the period ended September 30, 2022. Net income was $58.4 million, down 3% from the prior year, with diluted EPS at $0.97, a 2% decrease. However, adjusted earnings rose 15% to $71.6 million, with adjusted EPS also increasing 15% to $1.18. The company experienced a strong 23.1% growth in net interest income, boosted by robust loan growth. Total assets reached $18.4 billion, and total deposits increased to $15.2 billion. Book value rose 15.6% to $28.35 per share.

Axos Financial, Inc. (NYSE: AX) will announce its financial results for the first quarter of fiscal 2023 on October 27, 2022, at 4:00 PM ET. A conference call hosted by CEO Gregory Garrabrants and CFO Derrick Walsh is scheduled for the same day at 5:00 PM ET. Axos Financial, with approximately $17.5 billion in assets, provides consumer and business banking products, securities clearing, and digital advisory services. The call will be accessible via Axos' investor website.

Axos Financial, Inc. (NYSE: AX) has been recognized as a 2022 Piper Sandler Sm-All Star, marking the seventh time since 2013 that the Company has achieved this distinction. The recognition highlights Axos' growth and profitability amidst varying economic cycles, demonstrating the robust performance of its diversified business model. Piper Sandler assessed 362 banks with a market cap under $2.5 billion, selecting 35 based on metrics including earnings per share growth and loan growth. Axos Bank currently holds approximately $17.5 billion in assets.

Axos Financial, Inc. (NYSE: AX) announced the election of Roque A. Santi as an independent director to its Board, effective August 22, 2022. Mr. Santi brings extensive expertise in accounting, strategic planning, and public board experience, previously serving in leadership roles at Roosevelt Management and Elderlife Financial Services. The Board's chairman, Paul Grinberg, expressed confidence in Mr. Santi's ability to guide Axos towards future growth. Axos Bank, the parent company, manages approximately $17.5 billion in assets.

Axos Financial, Inc. (NYSE: AX) reported strong financial results for Q4 and fiscal year 2022, with net income rising to $57.9 million, up 6.7% year-over-year, and earnings per diluted share at $0.96, also an increase of 6.7%. For the full fiscal year, net income reached a record $240.7 million, a growth of 11.6%, with earnings per share at $3.97. The net interest margin expanded to 4.19%, while loan growth hit $1 billion, enhancing deposit growth to $5 billion. The company anticipates maintaining a solid net interest margin in FY 2023.