NYSE$AX

Axos Financial Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Diluted earnings per share increased by 33.3% year-over-year.

Axos Financial reported a strong first quarter with net income of $53.0 million and diluted earnings per share of $0.88, representing increases of 30.0% and 33.3% year-over-year, respectively. The company experienced growth in net interest income and mortgage banking income, while maintaining healthy credit quality and a strong capital position.

  • Net income increased by 30.0% year-over-year to $53.0 million.
  • Diluted earnings per share grew by 33.3% year-over-year to $0.88.
  • Loan and lease portfolio grew by $1.1 billion, an 11.7% increase compared to the previous year.
  • Total deposits increased by $1.3 billion, up 14.6% compared to the previous year.

Headline financials

Total Revenue

$163M

Previous: $125M+30.7%
EPS (adj)

$0.91

Previous: $0.68+33.8%
Net Interest Margin

3.8%

Previous: 3.8%+1.9%
Efficiency Ratio

46.3%

No prior period
Return on Average Common Stockholders' Equity

17.3%

Previous: 14.8%+16.2%
Free Cash Flow

$53M

Previous: $40.8M+30.0%
Net Income

$53M

Previous: $40.8M+30.0%
Operating Income

$99.4M

Previous: $59.3M+67.7%
Gross Profit

$151M

Previous: $125M+21.3%
Cash & Equivalents

$908M

Previous: $702M+29.2%
Total Assets

$13.4B

Previous: $11.8B+13.7%
Stock-Based Comp

$4.42M

Previous: $4.96M-11.0%

Revenue & EPS history

Axos Financial · Revenue · Quarterly

$163M

Q1 2021+30.7%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Axos Financial · $164M total across 2 segments · Q1 2021

  • Banking Business Segment
    $153M
  • Securities Business Segment
    $10.7M

Forward guidance

Axos Financial remains focused on prudently managing credit and capital, and growing lending and fee-based businesses.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+3.7%

Avg return

30 days after

67%

43 / 64 earnings

Positive

+15.8%

Q3 2020

Best reaction

-20.5%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+1.7%-8.7%-9.9%
Q2 2026+4.7%+4.8%-8.3%
Q1 2026-0.4%+1.8%+3.6%
Q3 2025+3.2%+5.8%+9.5%
Q2 2025-4.2%-4.8%-7.7%
Q1 2025+2.1%-1.6%+25.0%
Q4 2024-4.7%-12.3%-10.4%
Q3 2024+7.6%+11.5%+4.8%
Q2 2024-2.5%-6.3%-8.4%
Q1 2024-4.4%-1.2%+5.2%
Q4 2023+3.3%-3.1%-11.9%
Q3 2023+13.3%+7.6%+14.6%
Q2 2023+14.8%+15.3%+14.0%
Q1 2023+6.8%+6.6%+9.6%
Q4 2022+0.7%+2.2%-4.2%
Q3 2022-5.2%-3.3%-3.2%
Q2 2022-2.6%-0.2%+2.9%
Q1 2022+3.8%+8.5%+13.8%
Q4 2021+0.2%-0.1%+3.9%
Q3 2021-1.8%-1.0%+3.1%
Q2 2021-0.8%+6.9%+17.9%
Q1 2021+4.8%+13.3%+34.2%
Q4 2020+9.9%+7.7%+23.5%
Q3 2020+15.8%+9.4%+9.5%
Q2 2020+1.2%-0.8%-11.4%
Q1 2020-3.6%-3.8%-3.9%
Q4 2019+8.6%-1.2%-5.5%
Q3 2019-8.3%-5.6%-16.0%
Q2 2019+7.8%+9.8%+13.3%
Q1 2019-11.2%-9.6%-7.2%
Q4 2018-7.3%-7.0%-10.1%
Q3 2018-4.4%-6.0%-4.1%
Q2 2018+7.8%+9.6%+13.5%
Q1 2018-7.2%-6.2%-8.5%
Q4 2017+6.0%+12.1%+4.2%
Q3 2017-8.3%-9.6%-14.3%
Q2 2017+3.8%+2.6%+13.0%
Q1 2017-14.5%-14.7%+14.9%
Q4 2016+5.3%+11.5%+34.6%
Q3 2016+4.8%
Q2 2016-5.0%
Q1 2016-20.5%
Q4 2015+8.5%
Q3 2015-0.8%
Q2 2015+1.9%
Q1 2015+0.8%
Q4 2014+4.3%
Q3 2014+2.1%
Q2 2014+2.9%
Q1 2014+9.8%
Q4 2013+11.9%
Q3 2013+1.9%
Q2 2013-0.2%
Q1 2013+0.4%
Q4 2010+2.3%
Q4 2012+5.6%
Q3 2011+1.7%
Q3 2012+1.7%
Q2 2012+1.1%
Q2 2011+1.1%
Q4 2011+2.2%
Q1 2012+2.2%
Q1 2011+2.2%
Q3 2010+2.8%

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