Stock Track | Axos Financial Surges on Stellar Q1 Earnings and Upbeat Outlook

Stock Track10-31 21:41

Axos Financial Inc (AX) witnessed a 5.28% surge in its stock price on Wednesday, propelled by impressive first-quarter fiscal 2025 results and a bullish outlook. The regional bank reported record earnings and strong loan growth, underscoring its robust performance and strategic positioning.

For the quarter ended September 30, 2024, Axos Financial's net income soared 36% year-over-year to approximately $112 million, translating to earnings per share (EPS) of $1.93, surpassing analysts' expectations of $1.78. This remarkable growth was fueled by a robust 22.8% increase in revenue to $301.67 million, driven by higher net interest income and continued loan expansion.

The company's net interest margin, a key profitability metric for banks, rose significantly to 5.17%, up from 4.36% a year ago. This improvement was attributed to the payoff of three loans purchased from the FDIC, coupled with higher yields on the company's loan portfolio. Additionally, Axos Financial achieved an impressive 19.1% return on average common equity, further highlighting its strong financial performance.

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The regional bank reported record ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AX","symbol_name":"Axos Financial Inc","start_time":0,"source_url":"","article_id":"1189846294","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189846294","pubTimestamp":1730382088,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Axos Financial Inc  witnessed a 5.28% surge in its stock price on Wednesday, propelled by impressive first-quarter fiscal 2025 results and a bullish outlook. 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