Axos Financial (NYSE: AX) shows 22% asset and 19% net income growth
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Axos Financial, Inc. shares an investor presentation outlining strong recent performance and its diversified digital banking model. For the fiscal third quarter 2026, assets grew 22%, deposits grew 11%, net income rose 19%, and diluted EPS increased 19% to $2.15.
The company reports consolidated return on equity of 16.26% and return on assets of 1.77%, with Axos Bank ranking in the 93rd percentile of peers for both ROE and ROAA and a top-tier net interest income percentile. Approximately 85% of deposits are FDIC-insured or collateralized, with total deposits of $22.4 billion as of March 31, 2026.
Axos highlights diversified lending across consumer, commercial, and securities businesses, resilient net interest margin of 4.76%, and growing non-interest income, which is annualized at $344.0 million for the quarter ended March 31, 2026 versus $103.0 million in fiscal 2020. Management also emphasizes holistic credit risk management, relatively low loan-to-value commercial real estate specialty exposures, and technology-driven efficiency and scalability across its universal digital bank platform.
Positive
- Strong growth and profitability: Fiscal third quarter 2026 shows 22% asset growth, 11% deposit growth, 19% net income growth, and diluted EPS rising 19% to $2.15, alongside consolidated ROE of 16.26% and ROA of 1.77% with top-decile peer rankings.
- Improving diversification and fee income: Total non-interest income has expanded from $103.0 million in fiscal 2020 to an annualized $344.0 million for the quarter ended March 31, 2026, reflecting broader revenue streams beyond traditional net interest income.
- Funding stability and credit discipline: Approximately 85% of $22.4 billion in deposits are FDIC-insured or collateralized, and commercial real estate specialty loans carry a weighted-average loan-to-value of 46%, supporting the bank’s credit risk profile.
Negative
- None.
Insights
Axos shows strong growth, efficiency, and diversified digital banking revenues.
Axos presents a compelling mix of growth and profitability for fiscal third quarter 2026. Assets grew 22%, deposits 11%, net income 19%, and diluted EPS 19% to $2.15. Consolidated return on equity of 16.26% and return on assets of 1.77% place the bank in the 93rd percentile of peers on both ROE and ROAA.
The business is diversified across consumer banking, commercial lending, and securities clearing and custody, with non-interest income expanding from $103.0 million in 2020 to an annualized $344.0 million for the quarter ended March 31, 2026. Total deposits of $22.4 billion, mostly FDIC-insured or collateralized, support funding stability, while a net interest margin of 4.76% and an efficiency ratio ranked better than 94% of peers reflect a structural cost advantage.
Credit quality is supported by low loan-to-value commercial real estate specialty exposure, with a weighted-average LTV of 46% and first payment priority on a majority of balances. Future company filings may further detail how macroeconomic conditions, interest rates, and credit cycles influence this growth trajectory and risk profile.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Asset Growth: 22%
Deposit Growth: 11%
Net Income Growth: 19%
+5 more
8 metrics
Asset Growth
22%
Fiscal third quarter 2026 vs fiscal third quarter 2025
Deposit Growth
11%
Fiscal third quarter 2026 vs fiscal third quarter 2025
Net Income Growth
19%
Fiscal third quarter 2026 vs fiscal third quarter 2025
Diluted EPS
$2.15
Fiscal third quarter 2026
Return on Equity
16.26%
Consolidated, fiscal third quarter 2026
Return on Assets
1.77%
Consolidated, fiscal third quarter 2026
Total Deposits
$22.4 billion
Deposit balances as of March 31, 2026
Non-Interest Income (annualized)
$344.0 million
Annualized from quarter ended March 31, 2026
Key Terms
Return on Equity, Net Interest Income, Efficiency Ratio, Allowance for Credit Losses, +2 more
6 terms
Return on Equity financial
"Return on Equity = 16.26% Return on Assets = 1.77%"
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
Net Interest Income financial
"Net Interest Income 494,424Net Interest Income $ 9,167,709Net Revenues"
Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.
Efficiency Ratio financial
"6%71.17%43.00%Efficiency Ratio"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Allowance for Credit Losses financial
"Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
FDIC-insured financial
"Approximately 85% of deposits are FDIC-insured or collateralized"
"FDIC-insured" means that a bank or savings institution is protected by the Federal Deposit Insurance Corporation, which guarantees that depositors will get back their money up to a certain limit if the bank fails. This insurance provides peace of mind, similar to a safety net, ensuring that your savings are protected even if the bank encounters financial trouble. It helps build trust and confidence for people saving or investing their money in banks.
loan-to-values financial
"Asset-based lending at low loan-to-values has resulted in low historical credit losses"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 4, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (858 ) 649-2218
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
Axos Financial, Inc. (the “Registrant”) will use the presentation provided in the Exhibits at investor meetings beginning on or around May 5, 2026 and during the next few months.
This Form 8-K and the information attached below shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended (“Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing. The information in the materials is presented as of May 4, 2026 , and the Registrant does not assume any obligation to update such information in the future.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description | |||||||
| 99.1 | Axos Financial, Inc. Presentation | |||||||
| 99.2 | Axos Financial, Inc. Presentation PDF | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Axos Financial, Inc. | ||||||||||||||
| Date: | By: | /s/ Derrick K. Walsh | ||||||||||||
| Derrick K. Walsh | ||||||||||||||
| EVP and Chief Financial Officer | ||||||||||||||
NYSE: AXMay 4, 2026 Axos Financial, Inc. Investor Presentation
2 © 2026 Axos Financial, Inc. All Rights Reserved. 2 Safe Harbor This presentation contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to Axos Financial, Inc.’s (“Axos”) financial prospects and other projections of its performance and asset quality, Axos’ deposit balances and capital ratios, Axos’ ability to continue to grow profitably and increase its business, Axos’ ability to continue to diversify its lending and deposit franchises, the anticipated timing and financial performance of other offerings, initiatives, and acquisitions, expectations of the environment in which Axos operates and projections of future performance. These forward- looking statements are made on the basis of the views and assumptions of management regarding future events and performance as of the date of this presentation. Actual results and the timing of events could differ materially from those expressed or implied in such forward-looking statements as a result of risks and uncertainties, including without limitation Axos’ ability to successfully integrate acquisitions and realize the anticipated benefits of the transactions, changes in the interest rate environment, monetary policy, inflation, tariffs, government regulation, general economic conditions, changes in the competitive marketplace, conditions in the real estate markets in which we operate, risks associated with credit quality, our ability to attract and retain deposits and access other sources of liquidity, and the outcome and effects of litigation and other factors beyond our control. These and other risks and uncertainties detailed in Axos’ periodic reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2025, Form 10-Q for the quarter ended March 31, 2026 and its last earnings press release, could cause actual results to differ materially from those expressed or implied in any forward- looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Axos undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All written and oral forward-looking statements made in connection with this presentation, which are attributable to us or persons acting on Axos’ behalf are expressly qualified in their entirety by the foregoing information.
3 © 2026 Axos Financial, Inc. All Rights Reserved. 3 › Diverse mix of assets, deposits, and fee income reduces risk and provides multiple growth opportunities in varying environments › Asset-based lending at low loan-to-values has resulted in low historical credit losses › Differentiated retail digital strategy from “online savings banks” or fin-tech competitors › Structural cost advantage vs. traditional banks › New business initiatives generate incremental growth › Direct-to-consumer and securities clearing and custody businesses provide differentiated sources of growth › Technology synergies among divisions reduce overall client acquisition and servicing costs Investment Thesis Axos Financial’s Three Divisions Provide the Foundation for Sustained Long-term Growth Consumer Banking Commercial Banking Securities
4 © 2026 Axos Financial, Inc. All Rights Reserved. 4 SecuritiesCommercial BankingConsumer Banking › Margin Lending › Securities Lending › SBLOCs › Asset-Based Lending › C&I Lending › Commercial Real Estate Specialty Lending › Equipment Finance › Fund Finance › Lender Finance › Multifamily › Auto Lending › Single-Family Mortgages › Personal Unsecured Lending › Cash Sweeps › Money Market › Cash and Treasury Management › HOA › Axos Fiduciary Services › Business Management › Payment Processing › Checking › Savings › Money Market › CDs › Bundled Products Deposits › Clearing Fees › Custody Fees › Mutual Fund/ETF Fees › Commissions › Investment Management Fees › Banking Fees › FX › Prepayment Fees › Operating Lease Income › Unused Line of Credit Fees › Mortgage BankingFee Income › Liberty › Axos Professional Workstation (APW) › ACE (Cash and TM) › Zenith (Business Management) › Unity (Fiduciary Services) › Universal Digital BankTechnology Diversified Sources of Lending, Deposits and Fee Income
5 © 2026 Axos Financial, Inc. All Rights Reserved. 5 PercentilePeer Group1Axos Bank 93%0.72%1.79%ROAA 93%6.73%17.54%Return on Equity 33%2.43%2.13%NIE/Avg Assets 96%2.88%4.76%Net Interest Income 6%71.17%43.00%Efficiency Ratio Source: Uniform Bank Performance Report (UBPR) as of December 31, 2025 data retrieved April 23, 2026. Note 1: Peer group is all savings banks with assets greater than $1 billion for quarter ended December 31, 2025 Axos is a Top Performer Versus Bank Peer Group The 93% on ROE means that the Bank outperformed 93% of all banks. The 6% efficiency ratio ranking means that only 6% of banks have lower expenses in comparison to their revenues.
6 © 2026 Axos Financial, Inc. All Rights Reserved. 6 Return on Equity = 16.26% Return on Assets = 1.77% Consolidated Fiscal Third Quarter 2026 Highlights Compared with Fiscal Third Quarter 2025 22% 11% 19% 19% Asset Growth Deposit Growth Net Income Diluted EPS $ Millions $ Millions $ Millions $ Diluted EPS Q3 2026 124.7 2.15 105.2 1.81
7 © 2026 Axos Financial, Inc. All Rights Reserved. 7 Diluted EPS and Book Value Per Share Have Been Consistently Strong 20.0% CAGR 18.2% CAGR Diluted EPS (FY) Book Value Per Share (FY) $ Per Share $ Per Share Note 1: The year ended June 30, 2024, included a one-time pre-tax gain of approximately $92.4 million, or $1.11 per diluted common share, related to the FDIC Loan Purchase 1
8 © 2026 Axos Financial, Inc. All Rights Reserved. 8 Resilient Net Interest Margin Through a Variety of Interest Rate Cycles 3.64% 4.76%
9 © 2026 Axos Financial, Inc. All Rights Reserved. 9 Loan Growth by Category $ Millions SF Warehouse Lending Multifamily Small Balance Commercial Jumbo Mortgage Asset-Based and Cash Flow Lending Lender Finance Non-RE Capital Call Facilities Auto Unsecured/OD Single Family Mortgage & Warehouse Multifamily & Commercial Mortgage Commercial Real Estate Commercial & Industrial Non-RE Loans Inc (Dec)Q2 FY26Q3 FY26 $ 33$ 3,751$ 3,784 (123)1,044921 (32)1,4691,437 81,0291,037 1747,0617,235 1461,3421,488 (155)2,4012,246 1032,8172,920 631,5981,661 4371,6882,125 31507538 106979 $ 695$ 24,776$ 25,471 Lender Finance RE CRE Specialty Auto & Consumer Equipment Lending and Leasing
10 © 2026 Axos Financial, Inc. All Rights Reserved. 10 Holistic Credit Risk Management What We Do Loan Life Cycle Utilize a holistic credit-risk management framework to manage and monitor credit quality at each stage of the loan life cycle, and leverage specialized Credit Tools to optimize monitoring and reporting capabilities Set Appetite Originations Portfolio Management Reporting Special Assets Credit Monitoring & Oversight Axos Credit Objectives Example of Credit Tools › Board of Directors › Annual Strategic Plan › Corporate Governance › Policies & Approval Authorities Note: Credit tools list is a sampling and is not purported to be comprehensive. Establish Credit Framework and Culture Safe Growth Monitor Assets Throughout Life Cycle Data-Driven Decision Making Mitigate Problem Loans
11 © 2026 Axos Financial, Inc. All Rights Reserved. 11 Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL) ($ in millions) ACL + UCL ACL + UCL 7.8 (20.9)
12 © 2026 Axos Financial, Inc. All Rights Reserved. 12 Commercial Real Estate Specialty1 Detail as of March 31, 2026 59% of total Commercial Real Estate Specialty balance at March 31, 2026 is indirect note structures where Axos has first payment priority; these loans carry a weighted- average LTV of 41%. Below is a breakdown of the stage of the properties underlying the CRES loans: Note 1: Includes Commercial Real Estate Specialty loan portfolio only Weighted Avg. LTVBalance (mm)Loan Type 40 %$ 3,337Construction 492,872Bridge 61895Stabilized 48131Pre-development 46 %$ 7,235Total
13 © 2026 Axos Financial, Inc. All Rights Reserved. 13 Diversified Deposit Gathering Approximately 85% of deposits are FDIC-insured or collateralized Deposit balances as of March 31, 2026 Note 1: Excludes approximately $450 million of off-balance sheet deposits › Serves approximately 30% of U.S. Chapter 7 bankruptcy trustees in exclusive relationship › Software allows servicing of SEC receivers and non- chapter 7 cases › Full service digital banking, wealth management, and securities trading › White-label banking › Business banking with simple suite of cash management services › HOA and property management › Business management and entertainment › Title and escrow companies › 1031 exchange firms › Broker-dealer client cash › Broker-dealer reserve accounts › Full service treasury/cash management › Team enhancements and geographic expansion › Bank and securities cross-sell Fiduciary Services $1.1B Consumer Direct $10.8B Specialty Deposits $3.2B Distribution Partners $0.3B Axos Securities1 $1.1B Small Business Banking $0.9B Commercial & Treasury Management $5.0B Total Deposits: $22.4B
14 © 2026 Axos Financial, Inc. All Rights Reserved. 14 Five-Year Deposit Growth ($ in billions) 16.6% CAGR
15 © 2026 Axos Financial, Inc. All Rights Reserved. 15 Axos Deposits Have National Reach With Customers in Every State Customer Base and Deposit Volume is Well Distributed Throughout the United States
16 © 2026 Axos Financial, Inc. All Rights Reserved. 16 Non-Interest Income Growth and Diversification Year Ended June 30, 2020 Three Months Ended March 31, 2026 Total Non-Interest Income = $103.0 million Total Non-Interest Income = $344.0 million1 Note 1: Represents annualized quarterly March 31, 2026 data ($ in millions) ($ in millions)
17 © 2026 Axos Financial, Inc. All Rights Reserved. 17 › Leadership team with more than 100 years combined industry experience. › Proprietary front- and back-end technologies for advisors and broker- dealers. › Axos Advisor Services is the 7th largest RIA custodian in the U.S. › $44 billion in Clearing Services client assets under custody and/or administration. Three Months Ended March 31, 2026 Three Months Ended June 30, 2020 $ —Custody 4,817,561Clearing Fees & Execution 811,599Cash Sorting 1,455,625Margin Lending 1,588,500Securities Lending 494,424Net Interest Income $ 9,167,709Net Revenues $ 9,404,237Custody 7,767,648Clearing Fees & Execution 13,092,899Cash Sorting 4,370,937Margin Lending 2,170,534Securities Lending 1,351,337Net Interest Income $ 38,157,592Net Revenues Axos Clearing and Custody Highlights
18 © 2026 Axos Financial, Inc. All Rights Reserved. 18 Secular Industry Trends Provide Opportunities for Axos › RIAs need to reduce costs and streamline back-office ops › Automation frees up time/resources for client interactions › Axos to provide bundled securities clearing, custody and banking services › Target small & medium-sized RIAs and IBDs that large custodians do not serve well › Axos to provide succession-based and M&A financing to RIAs and IBDs › Nationwide footprint and industry focus are competitive advantages › Axos offers direct-to-consumer self-directed trading and robo-advisory solutions; will offer private label robo-advisory solutions to independent RIAs Fee Compression for Active and Passive Investment Managers Digitization of Wealth Management Aging Advisor Population is Driving Consolidation and Succession Planning Advisors are Leaving Wirehouses to Become Independent Advisors
19 © 2026 Axos Financial, Inc. All Rights Reserved. 19 Axos Securities Roadmap FuturePresentPast 2026+2023 - 20252018 - 2022 • Learning new skills within the current business vertical (adaptable, siloed) People • Leveraging technology for efficiencies / outsourcing low value tasks (enhanced accuracy, better resource utilization) Processes • Home-grown bi-furcated technology (duplicative, confusing) Technology • Broad growth in competence and knowledge (Collaborative, Aligned, Client-Centric) People • Digital transformation that drives automation and scalability (Data- driven, AI, Machine Learning, Agile) Processes • Entitlement-based single pane of glass tech & open architecture data solution(s) meet clients where they are at (Innovative, Differentiated, Flexible) Technology • Highly skilled in the business segment(s) being served (Uncertainty, frustration) People • Operational inefficiencies (high cost, inflexible) Processes • Closed ecosystem technology and dependent on 3rd party solutions Technology Leverage expertise and technologies in clearing and custody to serve a broader client base
20 © 2026 Axos Financial, Inc. All Rights Reserved. 20 Customer Acquisition Sales Servicing Distribution › Digital Marketing › Affinity and Distribution Partners › Data mining/target feeding direct marketing › Cross-selling › Automated fulfillment › Inbound call center sales › Outbound call center sales › Minimal outside sales › Significant inside sales › Self-service › Digital journey › Direct banker (call center) › Balance sheet › Whole loan sales options › Securitization Data Driven Insight Integrated Customer Experience Digital Marketing Digitally Enabled Operations Next-Gen Technology Core Digital Capabilities Axos’ Business Model is Differentiated From Other Banks
21 © 2026 Axos Financial, Inc. All Rights Reserved. 21 Evolving Capabilities of the UDB Platform UDB 1.0 UDB 2.0 White Label UDB Banking: Axos deposit products Borrowing: Axos loan products Investing: Managed Portfolios, Self Directed Trading Planning: Account Aggregation, PFM, Credit Monitoring Personalized Offers + Content Co-branded Wealth Management SSO to Enrollment Portals Universal Enrollment: Single, digital point of sale UDB offers a growing set of products, capabilities and integrations Small Business Banking P ro du ct s + Fe at ur es Se gm en ts En ab le rs
22 © 2026 Axos Financial, Inc. All Rights Reserved. 22 Automation/Straight-Through Processing Low-Code Development Artificial Intelligence Offshoring • Axos Professional Workstation (APW) development • Code refresh for AAS’ advisor platforms: ALF and Liberty • New feature and platform development for Axos Invest/SDT • QC of various legal documents and contracts • Streamline various credit and portfolio management functions (i.e. appraisal reviews) • Automate additional risk and compliance monitoring tasks • Commercial spreading and manual credit underwriting tasks to ABC/Acuity • Zenith bookkeeping support and journal entries • Accounts payable and other accounting functions • Leverage APIs to streamline workflows for clients on front end in new commercial deposit platform (ACE) • Abstract authentication and entitlements out of core to make it more scalable and customizable Operational Productivity Initiatives
23 © 2026 Axos Financial, Inc. All Rights Reserved. 23 Greg Garrabrants, President and CEO Derrick Walsh, EVP and CFO investors@axosfinancial.com www.axosfinancial.com Johnny Lai, SVP Corporate Development and Investor Relations Phone: 858.649.2218 Mobile: 858.245.1442 jlai@axosfinancial.com Contact Information
FAQ
How did Axos Financial (AX) perform in fiscal third quarter 2026?
Axos delivered strong results in fiscal third quarter 2026. Assets grew 22%, deposits rose 11%, net income increased 19%, and diluted EPS climbed 19% to $2.15, showing both balance sheet expansion and improved profitability across its diversified banking platform.
What are Axos Financial (AX) return on equity and return on assets?
Axos reports consolidated return on equity of 16.26% and return on assets of 1.77%. According to peer-group data, Axos Bank ranks in the 93rd percentile for both ROE and ROAA, indicating stronger profitability metrics than most comparable savings banks.
How large are Axos Financial (AX) deposits and how safe are they?
Axos reports total deposits of $22.4 billion as of March 31, 2026. Approximately 85% of these deposits are FDIC-insured or collateralized, which supports funding stability and reduces depositor exposure to loss above standard insurance thresholds within the banking franchise.
How is Axos Financial (AX) diversifying its revenue beyond interest income?
Axos is expanding non-interest income through securities clearing, custody, advisory services and other fee-based businesses. Total non-interest income grew from $103.0 million in fiscal 2020 to an annualized $344.0 million for the quarter ended March 31, 2026, improving revenue mix.
What does the Axos Financial (AX) presentation say about credit risk?
The presentation emphasizes a holistic credit risk management framework across the loan life cycle. In commercial real estate specialty lending, Axos highlights a weighted-average loan-to-value of 46% and first payment priority structures on most balances, supporting disciplined credit exposure.
How competitive is Axos Financial (AX) versus other banks on efficiency?
Axos shows a strong efficiency profile versus peers. Its net interest income ranks in the 96th percentile of comparable banks, and its efficiency ratio ranking at the 6th percentile means only a small fraction of banks operate with lower expenses relative to revenues.