Axos Financial Reports Q1 Net Income of $112.4 Million

Axos Financial Inc. reported net income of $112.4 million and diluted earnings per share $(EPS)$ of $1.94 for the first fiscal quarter ended September 30, 2025. For the same period in 2024, net income was $112.3 million with diluted EPS of $1.93. Excluding a $17 million interest income benefit from the prepayment of three FDIC-purchased loans in the prior year, net interest income and diluted EPS for the quarter ended September 30, 2025 increased by $16 million and $0.22 per share, representing year-over-year growth of 12.0% and 12.7%, respectively. Non-interest income rose to $32.3 million for the quarter, up from $28.6 million in the prior year period, mainly due to higher banking and service fee income, and increased mortgage banking and servicing rights. Non-interest expense increased by $8.8 million to $156.2 million, primarily driven by higher professional services, data and operational processing expense, and salaries and related costs. Total assets increased by $2.6 billion, or 10.7%, to $27.4 billion at September 30, 2025, from $24.8 billion at June 30, 2025, mainly due to loan growth from the acquisition of Verdant Commercial Capital, which added $1.0 billion in loans and leases. Organic net loan growth for the quarter was $565.2 million. Ending net loan balances were $22.6 billion at September 30, 2025. The allowance for credit losses to non-accrual loans and leases was 180.4% at September 30, 2025, compared to 149.3% at September 30, 2024. Net interest margin was 4.75% for the quarter, compared to 4.84% in the previous quarter. Non-performing assets to total assets were 0.64% as of September 30, 2025, down from 0.71% as of June 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axos Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251030374254) on October 30, 2025, and is solely responsible for the information contained therein.