Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts. It also provides single family, multifamily, and commercial mortgage loans; commercial real estate secured loans; commercial and industrial non-real estate, asset-backed, lines of credit, and term loans; automobile loans; fixed rate term unsecured loans; and other loans, such as structure settlements, small business administration consumer loans, and securities-backed loans. In addition, the company offers ACH origination, wire transfer, commercial check printing, business bill pay and account transfer; remote deposit capture, mobile deposit, lockbox, merchant, and online payment portal; concierge banking; mobile and text messaging banking; and payment services, as well as debit and credit cards, and digital wallets. Further, it provides disclosed clearing services; back-office services, such as record keeping, trade reporting, accounting, general back-office support, securities and margin lending, reorganization assistance, and custody of securities; and financing to brokerage customers. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.
IPO Year: 2018
Exchange: NYSE
Website: axosfinancial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $82.00 | Buy | Needham |
| 7/31/2024 | $79.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 2/21/2023 | $55.00 | Strong Buy → Outperform | Raymond James |
| 7/11/2022 | $52.00 → $56.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 6/30/2022 | Outperform → Neutral | Wedbush | |
| 1/28/2022 | $62.00 | Neutral → Buy | B. Riley Securities |
| 11/1/2021 | $55.00 → $60.00 | Strong Buy | Raymond James |
| 10/6/2021 | $54.00 | Buy → Neutral | B. Riley Securities |
| 8/2/2021 | $53.00 → $55.00 | Strong Buy | Raymond James |
Silicon Valley industry veteran Rod Werner joins as Head of Technology and Life Sciences Banking along with 10 experienced bankers Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE:AX), announced its launch of their Technology & Life Sciences Banking Division. Led by Silicon Valley industry veteran Rod Werner, Axos enters the innovation economy with an experienced and talented team. The new division will have dedicated teams in Palo Alto, San Francisco, Boston, New York, and LA focused on supporting Venture Capital and Private Equity Firms directly as well as the firm's portfolio companies through three distinct but coordinated verticals: Sponsor Finance, Lender Fi
The partnership will enhance client service and streamline operations for hybrid firms and their advisors Axos Clearing, a subsidiary of Axos Financial Inc. (NYSE:AX) and a leading clearing firm that combines innovative technology with personalized service, today announced a strategic partnership with Envestnet, a provider of integrated technology, data intelligence, and wealth solutions. The partnership will integrate Envestnet's managed account solutions into Axos Clearing's Axos Complete portal, empowering hybrid broker-dealers (BDs) and registered investment advisers (RIAs) to enhance client service and streamline operations. "Partnering with Envestnet to integrate their managed accou
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the first fiscal quarter ended September 30, 2024. Net income was $112.3 million, an increase of 35.9% from $82.6 million for the quarter ended September 30, 2023. Diluted earnings per share ("EPS") were $1.93, an increase of $0.55, or 39.9%, as compared to diluted earnings per share of $1.38 for the quarter ended September 30, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $29.5 million to $114.1 million and increased $0.55 to $1.96, respectively, for the quarter ended September 30, 2024, com
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Wednesday, October 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the first quarter of fiscal 2025 ended September 30, 2024. Executive management will discuss the Company's first quarter fiscal 2025 results on the call. The Company plans to distribute its earnings results on Wednesday, October 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Financial's website at http://investors.axosfinancial.com and clicking on the webc
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the fourth fiscal quarter ended June 30, 2024. Net income was $104.9 million, an increase of 20.1% from $87.4 million for the quarter ended June 30, 2023. Diluted earnings per share ("EPS") were $1.80, an increase of $0.34, or 23.3%, as compared to diluted earnings per share of $1.46 for the quarter ended June 30, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $17.3 million to $106.7 million and increased $0.33 to $1.83, respectively, for the quarter ended June 30, 2024, compared to $89.4 mil
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Tuesday, July 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the fourth quarter of fiscal 2024 ended June 30, 2024. Executive management will discuss the Company's fourth quarter fiscal 2024 results on the call. The Company plans to distribute its earnings results on Tuesday, July 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Financial's website at http://investors.axosfinancial.com and clicking on the webcast link or
Digital banking pioneer also recognized as Best Business Bank and Best Personal Loan Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE:AX), was recently named to multiple USA TODAY Blueprint ‘Best Of' lists, including Best Checking Account, Best Business Bank Account, and Best Personal Loan. USA TODAY Network is the largest local-to-national publishing and digital media organization in the country. USA Today reviewed more than 300 accounts from 120 financial institutions to identify the best banks in 2024. Axos is recognized as the Best Checking Account for avoiding fees. In the category of Best Business Bank Account, Axos is recognized as the best for ATM reimburs
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the third fiscal quarter ended March 31, 2024. Net income was $110.7 million, an increase of 38.7% from $79.9 million for the quarter ended March 31, 2023. Diluted earnings per share ("EPS") was $1.91, an increase of $0.59, or 44.7%, as compared to diluted earnings per share of $1.32 for the quarter ended March 31, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $30.8 million to $112.7 million and increased $0.59 to $1.94, respectively, for the quarter ended March 31, 2024, compared to $81.8 m
Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE:AX), was named to the 2024 Forbes America's Best Banks list. Forbes considered the 200 largest publicly-traded banks and thrifts by assets and ranked the top 100. The 15th annual Forbes America's Best Banks list evaluated and ranked 100 institutions based on 10 metrics that measure growth, credit quality, and profitability for the 2023 calendar year. It also considered stock performance in the 12 months leading up to March 18, 2024. The 10 financial metrics, each given equal weight, included net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio, nonperfor
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Tuesday, April 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the third quarter of fiscal 2024 ended March 31, 2024. Greg Garrabrants, President and Chief Executive Officer, will be joined on the third quarter 2024 earnings call by Derrick Walsh, Executive Vice President and Chief Financial Officer. The Company plans to distribute its earnings results on Tuesday, April 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Fin
4 - Axos Financial, Inc. (0001299709) (Issuer)
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") announces the election of Sara Wardell-Smith as an independent director of the Board of Directors of the Company and the Board of Directors of Axos Bank, effective December 1, 2023. Ms. Wardell-Smith has extensive experience in wholesale banking, global payments, fintech partnerships and board service. "On Axos' behalf, I would like to extend a warm welcome to Sara," said Paul Grinberg, Chairman of the Board of Directors. "Sara's leadership and expertise from her experience at global leaders such as Visa and Wells Fargo will be highly additive as Axos prepares for its next decade of growth." Ms. Wardell-Smith is the former head of
Saidin brings over three decades of technology operations experience to Tassat Tassat Group Inc., the leading provider of real-time digital payments solutions for commercial banks and their corporate clients, today announced the appointment of Zain Saidin as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230214005566/en/Zain Saidin, Chief Operating Officer at Tassat Group, Inc. (Photo: Business Wire) Saidin is a technology operations veteran, bringing over 30 years of technology integration, and strategic business development to Tassat. Prior to joining Tassat, Saidin served as the Chief Engineer and an
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
4 - Axos Financial, Inc. (0001299709) (Issuer)
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Needham initiated coverage of Axos Financial with a rating of Buy and set a new price target of $82.00
Keefe Bruyette downgraded Axos Financial from Outperform to Mkt Perform and set a new price target of $79.00
Raymond James downgraded Axos Financial from Strong Buy to Outperform and set a new price target of $55.00
Keefe Bruyette upgraded Axos Financial from Mkt Perform to Outperform and set a new price target of $56.00 from $52.00 previously
Wedbush downgraded Axos Financial from Outperform to Neutral
B. Riley Securities upgraded Axos Financial from Neutral to Buy and set a new price target of $62.00
Raymond James reiterated coverage of Axos Financial with a rating of Strong Buy and set a new price target of $60.00 from $55.00 previously
B. Riley Securities downgraded Axos Financial from Buy to Neutral and set a new price target of $54.00
Raymond James reiterated coverage of Axos Financial with a rating of Strong Buy and set a new price target of $55.00 from $53.00 previously
Sidoti initiated coverage of Axos Financial with a rating of Buy and set a new price target of $58.00
Axos Financial, Inc. (NYSE:AX) responded to Hindenburg Research’s short report, stating the short seller made a series of misleading, incomplete and false allegations. The company said in a Tuesday SEC filing that its last earnings call provided a detailed credit update, and there have been no material changes in credit performance since then. As disclosed in the investor presentation filed with the SEC on May 7, 2024, Axos’ largest commercial real estate portfolio, CRE Specialty Lending, had $5.22 billion in outstanding balances as of March 31, 2024, according to the company. The company says that when collaborating with fund partners, it structures its credits to occupy the most
- SEC Filing
- SEC Filing
Shares of Core & Main Inc (NYSE:CNM) fell sharply during Tuesday's session after the company reported mixed first-quarter financial results. Core & Main posted quarterly earnings of 49 cents per share, missing market expectations of 52 cents per share. The company's quarterly sales came in at $1.74 billion versus estimates of $1.72 billion, according to data from Benzinga Pro. Core & Main shares dipped 11.4% to $49.77 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MicroAlgo Inc (NASDAQ:MLGO) shares jumped 284% to 5.99 after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi. Sobr S
Keefe, Bruyette & Woods analyst Kelly Motta maintains Axos Financial (NYSE:AX) with a Outperform and maintains $79 price target.
Axos Financial, Inc. (NYSE:AX) shares are trading lower after Short seller Hindenburg Research issued a short report on the stock. Hindenburg alleged that a former Axos credit review officer detailed the practice of loan “evergreening,” or providing loans to non-performing or doubtful borrowers to avoid recognizing problems, per litigation records. Similar schemes, also known as “extend and pretend,” were described by former employees during our investigation. “A former regional leader told us Axos’ customer base in commercial and multifamily revolved around ‘borrowers who couldn’t get loans from other banks’.” The firm says that based on their examination of a cross-section of A
AX: -21% | Watching Axos Financial; Hindenburg Research Issues Report On Co Titled "Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath This Priced-For-Perfection Bank" VKTX: 9% | Viking Therapeutics Released 52-week Histologic Data From Its Phase 2B VOYAGE Study Of VK2809 In Non-Alcoholic Steatohepatitis ANNX: 62% | Annexon Announces Phase 3 ANX005 Trial In Guillain-Barré Syndrome Met Primary Endpoint
8-K - Axos Financial, Inc. (0001299709) (Filer)
8-K - Axos Financial, Inc. (0001299709) (Filer)
10-Q - Axos Financial, Inc. (0001299709) (Filer)
8-K - Axos Financial, Inc. (0001299709) (Filer)
8-K - Axos Financial, Inc. (0001299709) (Filer)
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10-K - Axos Financial, Inc. (0001299709) (Filer)
8-K - Axos Financial, Inc. (0001299709) (Filer)
8-K - Axos Financial, Inc. (0001299709) (Filer)
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the first fiscal quarter ended September 30, 2024. Net income was $112.3 million, an increase of 35.9% from $82.6 million for the quarter ended September 30, 2023. Diluted earnings per share ("EPS") were $1.93, an increase of $0.55, or 39.9%, as compared to diluted earnings per share of $1.38 for the quarter ended September 30, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $29.5 million to $114.1 million and increased $0.55 to $1.96, respectively, for the quarter ended September 30, 2024, com
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Wednesday, October 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the first quarter of fiscal 2025 ended September 30, 2024. Executive management will discuss the Company's first quarter fiscal 2025 results on the call. The Company plans to distribute its earnings results on Wednesday, October 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Financial's website at http://investors.axosfinancial.com and clicking on the webc
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the fourth fiscal quarter ended June 30, 2024. Net income was $104.9 million, an increase of 20.1% from $87.4 million for the quarter ended June 30, 2023. Diluted earnings per share ("EPS") were $1.80, an increase of $0.34, or 23.3%, as compared to diluted earnings per share of $1.46 for the quarter ended June 30, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $17.3 million to $106.7 million and increased $0.33 to $1.83, respectively, for the quarter ended June 30, 2024, compared to $89.4 mil
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Tuesday, July 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the fourth quarter of fiscal 2024 ended June 30, 2024. Executive management will discuss the Company's fourth quarter fiscal 2024 results on the call. The Company plans to distribute its earnings results on Tuesday, July 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Financial's website at http://investors.axosfinancial.com and clicking on the webcast link or
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the third fiscal quarter ended March 31, 2024. Net income was $110.7 million, an increase of 38.7% from $79.9 million for the quarter ended March 31, 2023. Diluted earnings per share ("EPS") was $1.91, an increase of $0.59, or 44.7%, as compared to diluted earnings per share of $1.32 for the quarter ended March 31, 2023. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures described further below, increased $30.8 million to $112.7 million and increased $0.59 to $1.94, respectively, for the quarter ended March 31, 2024, compared to $81.8 m
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Tuesday, April 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the third quarter of fiscal 2024 ended March 31, 2024. Greg Garrabrants, President and Chief Executive Officer, will be joined on the third quarter 2024 earnings call by Derrick Walsh, Executive Vice President and Chief Financial Officer. The Company plans to distribute its earnings results on Tuesday, April 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting Axos Fin
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") today announced unaudited financial results for the second fiscal quarter ended December 31, 2023. Net income was $151.8 million, an increase of 86.1% from $81.6 million for the quarter ended December 31, 2022. Diluted earnings per share was $2.62, an increase of $1.27, or 94.1%, as compared to diluted earnings per share of $1.35 for the quarter ended December 31, 2022. Adjusted earnings and adjusted earnings per diluted common share ("Adjusted EPS"), non-GAAP measures, which exclude non-cash amortization expenses, non-recurring items related to mergers and acquisitions, including certain gains and provisions resulting from the Comp
Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company"), holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., announced today that it will host a conference call on Tuesday, January 30, 2024 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the second quarter of fiscal 2024 ended December 31, 2023. Greg Garrabrants, President and Chief Executive Officer, will be joined in the second quarter 2024 earnings call by Derrick Walsh, Executive Vice President and Chief Financial Officer. The Company plans to distribute its earnings results on Tuesday, January 30, 2024 after 4:00 PM ET (1:00 PM PT). Interested parties may access the live conference call by visiting
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
Axos Acquired Two Loan Portfolios Having an Aggregate Unpaid Principal Balance of $1.25 Billion and Reflecting a Discount to Par Value of Approximately 37% Axos Financial, Inc. (NYSE:AX) ("Axos" or the "Company") announces that its wholly-owned subsidiary Axos Bank has completed the acquisition of two performing commercial real estate ("CRE") loan portfolios, including multi-family loans among others, from the Federal Deposit Insurance Corporation ("FDIC") at a purchase price equal to approximately 63% of par value, resulting in an approximate discount to par value for the purchased loans of $463.7 million. Axos Bank paid cash for the acquired loans. The acquired loans, subject to final