Axos Financial, Inc. - AX STOCK NEWS

Axos Financial, Inc. (NYSE: AX) will release its third-quarter fiscal 2022 earnings results on April 28, 2022, after 4:00 PM ET. The earnings call will begin at 5:00 PM ET the same day. This event will be hosted by CEO Gregory Garrabrants and other executives. Interested parties can access the live call via the company’s website or by dialing 877-407-8293. Axos Financial holds approximately $15.5 billion in consolidated assets and offers a range of banking products and clearing services.

Axos Financial (NYSE: AX) announced a public offering of $150 million in 4.00% Fixed-to-Floating Rate Subordinated Notes due 2032. The Notes will pay interest semi-annually at 4.00%, transitioning to a floating rate in 2027. Underwriters include Keefe, Bruyette & Woods and Piper Sandler & Co.. The offering is rated BBB by Kroll and expected to receive a Baa3 rating from Moody's. Proceeds will be utilized for general corporate purposes, according to the company.

Axos Financial reported a strong second quarter for fiscal 2022, with net income rising 11% year-over-year to $60.8 million and diluted EPS increasing 9.9% to $1.00. Adjusted earnings also showed solid growth, with adjusted EPS at $1.04, up 10.6%. The bank achieved a net interest margin of 4.10%, surpassing targets, while total loans grew to $12.6 billion. Total assets increased by 9% to $15.5 billion. A conference call is set for January 27, 2022.

Axos Financial, Inc. (NYSE: AX) will release its earnings results on January 27, 2022, at 4:00 PM ET. A conference call is scheduled for the same day at 5:00 PM ET to discuss the financial results for Q2 fiscal 2022, which ended December 31, 2021. Interested parties can join via Axos Financial's website or by phone. Axos, with nearly $15 billion in assets, provides a range of banking and investment services. The company is included in major indices such as Russell 2000® and S&P SmallCap 600®.

Axos Bank has received accolades as one of America’s Best Online Banks for the fourth consecutive year from MyBankTracker.com. The platform praised Axos for its low fees and high-interest rates across its banking products. Additionally, the Rewards Checking and High-Yield Savings accounts were highlighted as top offerings. Following this, Axos Financial was recognized as one of the 10 Most Innovative Banks by Bank Director, emphasizing its advanced mobile app features. Axos Bank manages nearly $15 billion in assets, reflecting strong financial health.

Axos Bank has been recognized as “Best Overall” in Money's top online banks list for 2021-2022. The accolade highlights its low fees, low opening balance requirements, and high interest rates on savings and checking accounts. Money praised the Axos mobile app, which allows customers to manage banking, borrowing, and investing in one place. Axos Bank Rewards Checking accounts offer up to 1.00% APY, subject to certain conditions. Axos Bank, with nearly $15 billion in assets, is a wholly owned subsidiary of Axos Financial, trading under the NYSE symbol 'AX'.

Axos Invest, part of Axos Financial (NYSE: AX), has announced a $100 cash bonus for new customers opening accounts on its Self-Directed Trading platform. The offer is available to those who fund their accounts with at least $2,500 by Dec. 31, 2021. The platform features commission-free trades on eligible stocks, ETFs, and no-load mutual funds. Designed to facilitate low- to no-fee investing, Axos Invest aims to help clients reach their wealth goals.

Axos Financial, Inc. (NYSE: AX) reported a 13.6% increase in net income for Q1 FY2022, reaching $60.2 million or $0.99 per diluted share, up from $53.0 million in Q1 FY2021. Adjusted earnings also grew by 13.5% to $62.2 million, while adjusted EPS rose 13.2% to $1.03. Net interest income increased 15.2% to $146.6 million, driven by loan growth of 16.3%. However, non-interest income dropped 25.5% to $26.7 million, primarily due to lower mortgage banking revenue. Total assets increased to $14.9 billion.

Axos Bank has announced a recurring quarterly donation of $15,000 to the San Diego Rescue Mission, aiming to support meals and shelter for the homeless in San Diego. This initiative reflects Axos's commitment to improving communities by addressing homelessness through sustainable recovery programs. With San Diego ranking fourth in the U.S. for homelessness, the San Diego Rescue Mission has been active since 1954, focusing on long-term solutions for individuals facing homelessness.