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Axos Financial Inc (AX) provides innovative banking solutions and financial services through its digital-first approach. This news hub offers investors and stakeholders centralized access to official announcements, strategic developments, and operational updates from the NASDAQ-listed institution.
Track critical information including earnings reports, regulatory filings, and partnership announcements. Our curated collection features updates on mortgage lending operations, digital banking innovations, and commercial financing initiatives that shape the company's market position.
Discover timely updates on Axos Financial's specialized services including consumer deposit products, real estate secured lending, and technology-driven financial tools. The repository serves as an essential resource for monitoring the company's performance in key markets like California residential financing and national digital banking expansion.
Bookmark this page for streamlined access to verified information about Axos Financial's business segments, regulatory compliance updates, and leadership decisions. Check regularly to stay informed about this financial services provider's evolving strategies in consumer and commercial banking.
Axos Financial, Inc. (NYSE: AX) announced the acquisition of certain assets and liabilities of E*TRADE Advisor Services for $55 million. This purchase, funded by existing capital, is set to close in the third quarter of 2021. The acquisition will add approximately 200 RIA custody relationships with $23 billion in assets and $1.2 billion in client cash deposits, enhancing Axos Clearing's service offerings. The deal is expected to be 5% accretive to fiscal 2023 earnings per share, with a tangible book value earn-back in about three years.
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%.
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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