NYSE$AX

Axos Financial Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Announced results for the second fiscal quarter ended December 31, 2024.

Axos Financial, Inc. reported a net income of $104.7 million and diluted EPS of $1.80 for the quarter ended December 31, 2024. Adjusted EPS increased to $1.82 compared to $1.60 for the quarter ended December 31, 2023. Net interest margin was 4.83%. Total assets reached $23.7 billion and total deposits were $19.9 billion.

  • Net income was $104.7 million and diluted EPS was $1.80.
  • Adjusted EPS increased to $1.82, up from $1.60 in the prior year quarter.
  • Net interest margin was 4.83%.
  • Total assets increased to $23.7 billion and total deposits increased to $19.9 billion.

Headline financials

Total Revenue

$308M

Previous: $353M-12.7%
EPS (adj)

$1.82

Previous: $2.62-30.5%
Net Interest Margin

4.8%

Previous: 4.5%+6.2%
Efficiency Ratio

47.2%

Previous: 43.5%+8.4%
Return on Average Common Stockholders' Equity

17.0%

No prior period
Tier 1 Leverage (to Adjusted Average Assets)

10.7%

No prior period
Return on Average Assets

1.7%

No prior period
Interest Rate Spread

3.9%

No prior period
Net Annualized Charge-offs to Average Loans

0.1%

Previous: 0.0%+400.0%
Non-accrual Loans to Total Loans

1.3%

No prior period
Non-performing Assets to Total Assets

1.1%

No prior period
Allowance for Credit Losses - Loans to Total Loans Held for Investment

1.4%

No prior period
Allowance for Credit Losses - Loans to Non-accrual Loans

107.6%

No prior period
Equity to Assets at End of Period

10.6%

Previous: 9.6%+10.7%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)

12.4%

No prior period
Tier 1 Capital (to Risk-Weighted Assets)

12.4%

No prior period
Total Capital (to Risk-Weighted Assets)

15.2%

Previous: 13.8%+10.4%
Capital Expenditures

-$106M

Previous: -$10.5M-906.7%
Net Income

$105M

Previous: $152M-31.0%
Operating Income

$150M

Previous: $133M+12.9%
Stock-Based Comp

$9.62M

Previous: $6.59M+45.9%

Revenue & EPS history

Axos Financial · Revenue · Quarterly

$308M

Q2 2025-12.7%vs Q2 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Axos Financial · $47.1M total across 2 segments · Q1 2024

  • Securities Business Segment
    $34.6M+708.3%
  • Banking Business Segment
    $12.6M-93.0%

Forward guidance

This press release contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to 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.

Tailwinds

  • Axos’ ability to successfully integrate acquisitions and realize the anticipated benefits of the transactions
  • Axos’ ability to continue to grow profitably and increase its business
  • Axos’ ability to continue to diversify its lending and deposit franchises
  • Anticipated timing and financial performance of other offerings, initiatives, and acquisitions
  • Expectations of the environment in which Axos operates and projections of future performance

Headwinds

  • Changes in the interest rate environment
  • Monetary policy, inflation, government regulation
  • General economic conditions
  • Changes in the competitive marketplace
  • Conditions in the real estate markets in which we operate

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 Q2 2025

Historical avgQ2 2025

+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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