Axos Financial, Inc. Makes Piper Sandler’s 2022 Sm-All Stars

Rhea-AI Summary

Axos Financial, Inc. (NYSE: AX) has been recognized as a 2022 Piper Sandler Sm-All Star, marking the seventh time since 2013 that the Company has achieved this distinction. The recognition highlights Axos' growth and profitability amidst varying economic cycles, demonstrating the robust performance of its diversified business model. Piper Sandler assessed 362 banks with a market cap under $2.5 billion, selecting 35 based on metrics including earnings per share growth and loan growth. Axos Bank currently holds approximately $17.5 billion in assets.

Positive

• Selected as a 2022 Piper Sandler Sm-All Star for the seventh consecutive time.
• Consistent growth and profitability through various economic conditions.

Negative

• None.

LAS VEGAS--(BUSINESS WIRE)-- Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”), parent of Axos Bank (the “Bank”), announced that the Company made the 2022 Piper Sandler (“Piper Sandler) Sm-All Stars. This is the seventh time the Company has received this recognition since 2013.

“We are pleased to be selected to the Piper Sandler Sm-All Stars once again,” stated Greg Garrabrants, President and Chief Executive Officer of Axos Financial, Inc. “Our consistent growth and profitability through various economic cycles are a testament to the diversity of our businesses and strong execution by our team.”

Piper Sandler evaluated 362 publicly traded banks and thrifts with a market cap below $2.5 billion at June 30, 2022. The evaluation was based on various performance metrics focused on growth, profitability, and capital strength. Measured on earnings per share growth, loan growth, deposit growth, and return on average equity, 35 banks and thrifts were selected to the 2022 Piper Sandler Sm-All Stars class.

About Axos Financial, Inc.

Axos Financial, Inc. is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank is a nationwide bank, with approximately $17.5 billion in assets. Axos Financial, Inc., through Axos Bank, provides consumer and business banking products through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division AAS), with approximately $32 billion of assets under custody and/or administration, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information on Axos Financial, Inc., please visit investors.axosfinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220926005720/en/

Johnny Lai, CFA

SVP, Corporate Development and Investor Relations

Phone: 1-858-649-2218

Email: jlai@axosfinancial.com

Source: Axos Financial, Inc.

FAQ

What does it mean that Axos Financial was selected as a Piper Sandler Sm-All Star?

Being selected as a Piper Sandler Sm-All Star indicates that Axos Financial has demonstrated strong growth, profitability, and capital strength, placing it among the top-performing banks.

How many banks were evaluated for the Piper Sandler Sm-All Stars?

A total of 362 publicly traded banks and thrifts with a market capitalization of under $2.5 billion were evaluated.

What metrics were used to evaluate Axos Financial's performance?

Piper Sandler evaluated metrics such as earnings per share growth, loan growth, deposit growth, and return on average equity.

How significant is the asset size of Axos Bank?

Axos Bank currently holds approximately $17.5 billion in assets, reflecting its substantial presence in the banking sector.

How often has Axos Financial received the Piper Sandler Sm-All Stars recognition?

Axos Financial has received the Piper Sandler Sm-All Stars recognition seven times since 2013.