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Axos Financial, Inc. - AX STOCK NEWS

Welcome to our dedicated page for Axos Financial news (Ticker: AX), a resource for investors and traders seeking the latest updates and insights on Axos Financial stock.

Axos Financial, Inc. (symbol: AX) is a prominent player in the U.S. banking sector, known for offering a diverse range of consumer and business banking products. Operating through its key subsidiary, BofI Federal Bank, Axos Financial extends its services across various domains, including single-family and multifamily mortgage lending, commercial real estate loans, automobile and RV loans, and unsecured consumer loans. The company also provides commercial lending, specialty finance factoring, and overdraft lines of credit.

Axos Financial's product portfolio includes a variety of deposit products such as consumer and business checking accounts, savings accounts, time deposits, and money market accounts. Additionally, Axos offers an array of financial services like prepaid and refund transfer cards, debit and ATM cards, online bill payment, money transfers, overdraft protection, and comprehensive digital banking services including online and mobile banking, and text message banking.

With a significant portion of its mortgage exposure concentrated in California, Axos Financial targets small to medium-size businesses in specific sectors, leveraging its extensive retail distribution channels. These include online banking brands, affinity groups, and dedicated sales teams.

Axos Financial's revenue model relies heavily on net interest income, reflecting its robust lending activities. The company continually seeks to innovate and expand its service offerings, ensuring a steady growth trajectory and maintaining its competitive edge in the financial sector. The latest news and updates about Axos Financial, Inc. are essential for stakeholders to stay informed about the company's performance, current projects, and strategic developments.

News

Axos Bank Named to the 2024 Forbes America’s Best Banks

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Axos Bank, a subsidiary of Axos Financial, Inc. (NYSE: AX), has been named to the 2024 Forbes America’s Best Banks list. Forbes evaluated the top 100 out of 200 largest publicly-traded banks and thrifts based on 10 financial metrics, including stock performance, for the 2023 calendar year. Axos Financial's President and CEO, Greg Garrabrants, expressed pride in the recognition, highlighting the bank's consistent growth and financial strength.
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Axos Financial, Inc. to Announce Third Quarter Fiscal 2024 Results on April 30, 2024

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Axos Financial, Inc. (NYSE: AX) will host a conference call to discuss their Q3 fiscal 2024 financial results. The call will feature Greg Garrabrants, President, and CEO, along with Derrick Walsh, EVP, and CFO.
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Axos Financial, Inc. Announces New $100 Million Stock Repurchase Program

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Axos Financial, Inc. (NYSE: AX) announced a $100 million share repurchase program, in addition to the existing $20 million plan. The Company may repurchase shares through various methods without a set timeline.
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Axos Bank Listed Among the Best Business Checking Accounts by Forbes Advisor

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Axos Bank, a subsidiary of Axos Financial, was recognized in Forbes Advisor's 'Best Business Checking Accounts of February 2024' for its top QuickBooks compatibility. Offering zero monthly fees, no minimum balance, and free incoming domestic wires, Axos stands out for its customer-centric approach and digital innovation.
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Axos Financial, Inc. Reports Record Second Quarter Fiscal 2024 Results

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Axos Financial, Inc. (NYSE: AX) reported a significant increase in net income and diluted earnings per share for the second fiscal quarter ended December 31, 2023. The company's net interest income, non-interest income, and total deposits also experienced substantial growth. Axos' credit quality remained resilient, and the company's total capital to risk-weighted assets increased. Additionally, the company repurchased a significant amount of common stock during the quarter.
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Axos Bank Named A Top Bank In Checking Accounts by GOBankingRates.com

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Axos Financial, Inc. (NYSE: AX) has been named a Top Bank in America for 'Best Checking Accounts' by GOBankingRates.com for the seventh time since 2015. The company's Essential Checking accounts offer no maintenance fees, no overdraft charges, no minimum balance requirements, and unlimited domestic ATM fee reimbursements. Axos Bank's enhanced mobile banking app provides added convenience for customers. GOBankingRates.com researchers analyzed FDIC data and product offerings from over 100 banks to select winners across nine categories.
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Axos Financial, Inc. to Announce Second Quarter Fiscal 2024 Results on January 30, 2024

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Axos Financial, Inc. (NYSE: AX) will host a conference call on January 30, 2024, to discuss financial results for the second quarter of fiscal 2024. The call will feature President and CEO Greg Garrabrants and CFO Derrick Walsh. Earnings results will be distributed on the same day. Interested parties can access the live conference call on Axos Financial’s website or by dialing a toll-free number. A replay will be available for those unable to listen to the live broadcast.
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Axos Closes Purchase of Two Loan Portfolios from the FDIC

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Axos Financial, Inc. (NYSE: AX) announces the acquisition of two performing commercial real estate loan portfolios from the Federal Deposit Insurance Corporation at a purchase price equal to approximately 63% of par value, reflecting an approximate discount to par value for the purchased loans of $463.7 million. The acquired loans have an aggregate unpaid principal balance of $1.25 billion, with a weighted-average loan-to-value of approximately 59%. Axos expects the acquisition to be accretive to its net interest margin and net interest income.
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Axos Announces the Election of Sara Wardell-Smith as an Independent Member of the Board of Directors

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Axos Financial, Inc. (NYSE: AX) 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 brings extensive experience in wholesale banking, global payments, fintech partnerships, and board service, having worked at global leaders such as Visa and Wells Fargo. Her expertise will be highly additive as Axos prepares for its next decade of growth.
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Axos Financial, Inc. Reports First Quarter Fiscal 2024 Results

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Axos Financial, Inc. announces unaudited financial results for Q1 2024, with net income of $82.6 million, an increase of 41.5% compared to the same quarter last year. Diluted earnings per share also increased by 42.3%. Net interest income grew by 17.0% and non-interest income increased by 26.8%. Adjusted earnings and adjusted earnings per diluted common share increased by 18.1% and 19.5% respectively. Total loans for investment and total deposits both saw increases. The company made a strategic acquisition and repurchased common stock.
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FAQ

What is the current stock price of Axos Financial (AX)?

The current stock price of Axos Financial (AX) is $72.4 as of January 28, 2025.

What is the market cap of Axos Financial (AX)?

The market cap of Axos Financial (AX) is approximately 4.1B.

What is Axos Financial, Inc.?

Axos Financial, Inc. is a bank holding company that provides a wide range of consumer and business banking products through its key subsidiary, BofI Federal Bank.

What banking products does Axos Financial offer?

Axos Financial offers deposits, mortgage loans, commercial real estate loans, automobile and RV loans, unsecured consumer loans, and various financial services such as online and mobile banking.

How does Axos Financial generate its revenue?

Axos Financial primarily generates revenue through net interest income from its robust lending activities.

Where is Axos Financial's mortgage exposure primarily concentrated?

The majority of Axos Financial's mortgage exposure is concentrated in California, particularly in the southern region.

What financial services does Axos Financial provide?

Axos Financial provides prepaid and refund transfer cards, debit and ATM cards, online bill payment, money transfers, overdraft protection, and digital banking services.

What types of loans does Axos Financial offer?

Axos Financial offers single-family and multifamily mortgage loans, commercial real estate loans, automobile and RV loans, and unsecured consumer loans.

What business sectors does Axos Financial target?

Axos Financial targets small to medium-size businesses in specific sectors through its various lending and banking products.

How does Axos Financial distribute its banking products?

Axos Financial distributes its banking products through online banking brands, affinity groups, and dedicated sales teams.

What are Axos Financial's main operating segments?

Axos Financial's main operating segments are banking and securities business.

Why should stakeholders stay updated with Axos Financial's news?

Staying updated with Axos Financial's news helps stakeholders stay informed about the company's performance, current projects, and strategic developments.
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Axos Financial, Inc.

NYSE:AX

AX Rankings

#1428 Ranked by Market Cap
N/A Ranked by Dividends

AX Stock Data

4.10B
51.54M
8.69%
86.24%
8.44%
Banks - Regional
Savings Institution, Federally Chartered
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United States of America
LAS VEGAS