Axos Financial Inc Stock Price, News & Analysis

Axos Bank (NYSE: AX) has announced the launch of its Middle Market Banking Division, targeting companies with revenues between $25 million to $3 billion in the aerospace and defense, gaming, and healthcare sectors. The division will be led by industry veteran Kristian Ilkov, who joins as Executive Vice President from Umpqua Bank.

The new division will provide comprehensive banking solutions including treasury management services and tailored financing solutions. Ilkov brings extensive experience, having previously served at Bank of the West/BNP Paribas for fifteen years in various senior roles.

This strategic expansion aims to capitalize on market disruptions in specific industry verticals, with a focus on providing hands-on relationship management and customized banking solutions for middle market clients.

Ascendion and Axos Bank (NYSE: AX) have announced a strategic partnership to transform high-net-worth digital banking through the Zenith platform. The collaboration aims to enhance Axos' multi-entity solution that provides accounting, cash management, bill pay, payroll, and integrated banking services, primarily serving the entertainment industry.

The partnership will leverage AI-powered engineering systems to deliver hyper-personalized customer experiences, accelerate market share growth, and streamline operational processes. Key features include self-healing algorithms for improved uptime, predictive analytics, and AI-enhanced development using Ascendion's AVA+ platform.

The modernized platform will focus on creating a standardized architecture, implementing AI-enhanced features, and increasing developer productivity while reducing time and costs for business managers' daily operations.

Axos Bank, a subsidiary of Axos Financial, Inc. (NYSE: AX), has been recognized on Forbes' 2025 America's Best Banks list. The ranking evaluated the top 200 publicly traded banks and thrifts, selecting the top 100 based on 11 key metrics over the period ending September 30, 2024, with stock performance tracked through January 10, 2025.

The assessment included ten equally-weighted financial metrics:

• Net interest margin
• Return on average tangible common equity
• Return on average assets
• CET1 ratio
• Efficiency ratio
• Nonperforming assets percentage
• Reserves percentage
• Risk-based capital ratio
• Operating revenue growth
• Net charge-offs percentage

This marks Axos Bank's fourth recognition by Forbes since 2019, highlighting the success of their diversified consumer and commercial banking model.

Future Capital and Axos Clearing, a subsidiary of Axos Financial Inc. (NYSE: AX), have announced an integration enabling financial advisors to manage clients' workplace retirement accounts. The partnership integrates Future Capital's Core and Construct platforms into the Axos Professional Workstation, part of Axos Complete ecosystem.

Through Core, advisors can connect clients to Future Capital's discretionary management service for held-away retirement assets. The Construct platform allows advisors to exercise full discretionary authority over retirement accounts, build custom portfolios, and set their own fee arrangements. The integration aims to help advisors increase assets under administration while providing more comprehensive wealth management services.

Key features include managing held-away 401(k) assets, building custom allocations, determining fee structures, introducing accounts to Future Capital for management, identifying rollover opportunities, and accessing comprehensive household financial data.

Axos Financial (NYSE: AX) reported Q2 FY2025 results with net income of $104.7 million and diluted EPS of $1.80, compared to $151.8 million and $2.62 in Q2 FY2024. The previous year's quarter included a one-time $92.4 million FDIC Loan Purchase gain. Excluding this gain, adjusted earnings increased by $13.4 million to $105.8 million.

Key highlights include: net interest margin of 4.83%, net interest income of $280.1 million (up 22.5% YoY), and total assets reaching $23.7 billion (up 7.5% annualized from June 2024). Total deposits grew to $19.9 billion, while book value per share increased 20.9% YoY to $44.17. The company maintained strong capital positions with total capital to risk-weighted assets at 15.23%.

Axos Financial (NYSE: AX) has announced it will host a conference call on January 28, 2025, at 5:00 PM ET to discuss its second quarter fiscal 2025 financial results for the period ended December 31, 2024. The company will release its earnings results after market close at 4:00 PM ET on the same day.

Executive management will lead the discussion, and interested parties can access the call through Axos Financial's investor website or by dialing 877-407-8293. A replay of the call will be available until February 28, 2025, via the company's website or by phone at 877-660-6853 using passcode 13750720.

Axos Bank, subsidiary of Axos Financial (NYSE: AX), has launched its Technology & Life Sciences Banking Division. Led by Silicon Valley veteran Rod Werner, the division will operate in Palo Alto, San Francisco, Boston, New York, and LA. The new division will focus on three verticals: Sponsor Finance, Lender Finance, and Fund Finance, targeting Software, AI, Fintech, and Healthcare IT sectors.

Werner joins with a team of ten experienced professionals, including William Sweeney, Greg Belanger, Alan Jepsen, and Ashish Sharma. The team has collectively structured over $10 billion in debt commitments and brings 20+ years of experience in the innovation economy.

Axos Clearing, a subsidiary of Axos Financial Inc. (NYSE: AX), has announced a strategic partnership with Envestnet to integrate managed account solutions into their Axos Complete portal. This integration aims to enhance service delivery for hybrid broker-dealers and registered investment advisers (RIAs). The partnership will enable clients to streamline portfolio management, automate routine tasks like rebalancing and reporting, and offer expanded investment options. The collaboration focuses on supporting the industry's shift toward fee-based models and advisory relationships, providing financial professionals with comprehensive wealth management capabilities.

Axos Financial (NYSE: AX) reported its unaudited financial results for the first fiscal quarter ended September 30, 2024. Net income rose to $112.3 million, a 35.9% increase from $82.6 million year-over-year, while diluted EPS increased by 39.9% to $1.93. Adjusted earnings grew to $114.1 million, and adjusted EPS reached $1.96. Net interest income saw a 38.3% rise to $292 million, attributed to higher loan interest income and improved net interest margin, which stood at 5.17%. However, non-interest income dropped by 17.1% to $28.6 million due to declines in mortgage banking and broker-dealer fees. Non-interest expenses increased by $27 million to $147.5 million, driven by higher salaries and advertising expenses. Total assets grew 3.1% to $23.6 billion, and total deposits increased by $614.1 million to $20 billion. Axos' return on common equity improved to 19.12%, and book value per share rose to $42.14.