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. (AX) operates as a digital-first bank holding company, and its news flow reflects the company's position in the evolving banking sector. Earnings announcements provide insights into how the bank's loan portfolio performs, deposit growth trends, and the profitability of its securities clearing division. Partnership announcements reveal strategic moves in the banking-as-a-service space and technology platform expansion.
Financial services companies generate regular news around quarterly and annual earnings reports, which detail loan origination volumes, net interest margins, credit quality metrics, and regulatory capital ratios. For Axos specifically, developments in its Axos Clearing division—including new partnerships with wealth management firms and fintech platforms—signal the company's progress in diversifying revenue beyond traditional banking. Awards and recognition in the digital banking space highlight the company's competitive positioning.
This news resource covers material events affecting Axos Financial, including capital markets activities such as debt issuances and subordinated note offerings that support the bank's regulatory capital requirements. Commercial banking expansion announcements, particularly in specialized lending markets like commercial real estate, indicate strategic priorities. Technology partnerships and platform launches demonstrate the company's investment in digital infrastructure.
Tracking Axos Financial news helps investors understand how the bank navigates interest rate environments, competition in online banking, and opportunities in the wealth management technology sector. Bookmark this page for comprehensive coverage of earnings releases, strategic partnerships, regulatory developments, and business expansion initiatives.
Axos Financial reported a net income of $61.8 million for Q3 2022, marking a 15.2% increase from Q3 2021. Earnings per diluted share rose 14.6% to $1.02. Adjusted earnings also showed growth, increasing 15.2% to $63.8 million for the quarter. Significant increases were noted in net interest income (up 10.2%) and non-interest income (up 20.5%). Total loans and deposits rose by 15.4% and 15.1% annualized, respectively. The return on equity was 15.89%, and non-performing loans dropped to 1.05%.
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
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.
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