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. (NYSE: AX) is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., and it regularly issues news updates on its banking, securities, and corporate activities. This news page aggregates coverage of Axos Financial and its subsidiaries, giving readers a centralized view of company announcements, earnings releases, strategic transactions, and operational developments.
Axos Financial’s news flow frequently includes quarterly and annual earnings reports, where the company discusses net interest income, non-interest income, loan and deposit growth, credit quality metrics, and segment performance for its Banking Business Segment and Securities Business Segment. These releases also provide insight into non-GAAP measures such as adjusted earnings, adjusted EPS, and tangible book value per common share, along with commentary from senior management.
In addition to financial results, Axos Financial and Axos Bank announce strategic initiatives and acquisitions. Recent examples include the acquisition of Verdant Commercial Capital, LLC to expand equipment leasing activities and add a nationwide commercial lending vertical, and the issuance of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 to refinance existing subordinated notes and support growth initiatives. News items also cover Axos Bank’s partnerships, such as joining Qualia’s Bank Partner Network to integrate specialized title and escrow banking services with a digital real estate closing platform.
Axos Bank and Axos Clearing also release updates on industry recognition and client relationships. MONEY’s Best Banks list named Axos Bank “Best Overall” in certain categories, and Axos Clearing has announced strategic relationships with wealth management firms like Alden Investment Group, highlighting the use of Axos Complete™, an integrated technology suite for advisors and clients.
Investors and observers can use this news page to monitor Axos Financial’s earnings announcements, capital markets transactions, acquisitions, partnerships, and other corporate events over time.
Axos Financial, Inc. (NYSE: AX) announced its participation in three upcoming investor conferences: the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25-26 in Beverly Hills, the Deutsche Bank Global Financial Services Conference on May 31-June 1 in New York, and the KBW US Regional Banking Growth Conference on June 6 in London. Axos Financial is a nationwide bank with approximately $16.1 billion in consolidated assets and offers a range of banking products through low-cost channels.
Axos Bank has been recognized for the second consecutive year as America’s Best Business Checking Account Overall by WalletHub. The assessment compared over 250 small business banking options based on factors like interest rates, rewards, and fees. Axos Bank's Business Interest Checking account offers customers up to 0.81% APY and eliminates the $10 monthly fee with a minimum balance of $5,000. New small business owners are eligible for a $200 bonus by maintaining a balance of $2,500 for two months. Axos Bank has over $16 billion in assets and is part of Axos Financial (ticker: AX).
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%.
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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'.