Axos Bank Named to the 2024 Forbes America’s Best Banks
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, nonperforming assets as a percentage of total assets, reserves as a percentage of total assets, risk-based capital ratio, operating revenue growth, and net charge-offs as a percentage of total loans.
“We are thrilled to have been recognized by Forbes once again as one of America's top banks," said Greg Garrabrants, President and CEO of Axos Financial, Inc. "This accomplishment is particularly rewarding as it demonstrates our ability to maintain consistent, profitable growth in the face of a challenging year for the industry. It solidifies our position as a best-in-class institution among the largest banks, highlighting our financial strength and resilience.”
For more information regarding the 2024 Forbes Americas Best Banks list, visit https://www.forbes.com/lists/americas-best-banks.
About Axos Bank
Axos Financial, Inc., with approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411201981/en/
Johnny Lai, CFA
SVP, Corporate Development and Investor Relations
Axos Financial, Inc.
Phone: 1-858-649-2218
Email: jlai@axosfinancial.com
Source: Axos Financial, Inc.