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 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.
Axos Financial, Inc. (NYSE: AX) announced a conference call on