NYSE$AX

Axos Financial Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Net income increased and EPS grew, driven by net interest income and strong credit quality.

Axos Financial, Inc. reported a strong fourth quarter with a 52% increase in diluted EPS to $1.46 and a 23% increase in net interest income. The company achieved record earnings and maintained strong credit quality and liquidity.

  • Net income increased by 50.9% to $87.4 million compared to the same quarter last year.
  • Earnings per diluted share increased by 52.1% to $1.46 compared to the same quarter last year.
  • Net interest income increased by 23.2% to $203.8 million compared to the same quarter last year.
  • Deposits increased $0.4 billion, or 9.2% annualized, between March 31, 2023 and June 30, 2023

Headline financials

Total Revenue

$236M

Previous: $193M+22.8%
EPS (adj)

$1.50

Previous: $1.12+33.9%
Net Interest Margin

4.2%

Previous: 4.2%+0.0%
Efficiency Ratio

47.6%

Previous: 54.4%-12.6%
Net Income

$87.4M

Previous: $57.9M+50.9%
Operating Income

$117M

Previous: $81.7M+43.2%
Gross Profit

$233M

Previous: $189M+23.5%
Cash & Equivalents

$134M

Previous: $1.57B-91.5%
Total Assets

$20.3B

Previous: $17.5B+16.6%
Stock-Based Comp

$6.95M

Previous: $5.36M+29.6%

Revenue & EPS history

Axos Financial · Revenue · Quarterly

$236M

Q4 2023+22.8%vs Q4 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Axos Financial · $207M total across 2 segments · Q4 2023

  • Banking Business Segment
    $202M+12.4%
  • Securities Business Segment
    $5.56M-75.2%

Forward guidance

Axos Financial did not provide specific forward guidance in the provided earnings report. The report focused on the achievements and financial results of the fourth quarter and full fiscal year ended June 30, 2023.

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 Q4 2023

Historical avgQ4 2023

+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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