NYSE$AX

Axos Financial Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record results with diluted earnings per share up 12.5% year-over-year.

Axos Financial, Inc. reported a strong first quarter for fiscal year 2022, with net income of $60.2 million, a 13.6% increase from the previous year. The company saw growth in net loans and net interest margin, driven by robust originations and reduced funding costs. Strong profitability and returns were reflected in the return on assets, return on equity, and efficiency ratio for the banking business segment.

  • Net income increased by 13.6% to $60.2 million compared to the same quarter last year.
  • Diluted earnings per share increased by 12.5% year-over-year to $0.99.
  • Net interest margin increased by 30 basis points linked quarter and 38 basis points year-over-year to 4.22%.
  • Net loans increased by $464.2 million, or 16.3% annualized.

Headline financials

Total Revenue

$173M

Previous: $163M+6.2%
EPS (adj)

$1.03

Previous: $0.91+13.2%
Net Interest Margin

4.2%

Previous: 3.8%+9.9%
Efficiency Ratio

48.7%

Previous: 46.3%+5.2%
Return on Average Common Stockholders' Equity

16.2%

Previous: 17.3%-6.1%
Return on Average Assets

1.7%

No prior period
Net Annualized Charge-offs to Average Loans

0.0%

No prior period
Non-performing Assets to Total Assets

0.9%

No prior period
Free Cash Flow

$60.2M

Previous: $53M+13.6%
Net Income

$60.2M

Previous: $53M+13.6%
Operating Income

$121M

Previous: $99.4M+21.3%
Gross Profit

$169M

Previous: $151M+11.9%
Cash & Equivalents

$1B

Previous: $908M+10.2%
Total Assets

$14.9B

Previous: $13.4B+11.4%
Stock-Based Comp

$3.98M

Previous: $4.42M-9.8%

Revenue & EPS history

Axos Financial · Revenue · Quarterly

$173M

Q1 2022+6.2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Axos Financial · $148M total across 2 segments · Q1 2022

  • Banking Business Segment
    $142M-7.2%
  • Securities Business Segment
    $6.18M-42.2%

Forward guidance

The press release does not contain specific forward guidance. Therefore, this section is left intentionally blank.

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 2022

Historical avgQ1 2022

+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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