Axos Financial reports Q1 EPS $1.41, consensus $1.36

Reports Q1 NII $211.2M vs. $180.5M last year. “We generated strong net interest income growth year-over-year and linked quarter as a result of balanced loan growth and rising net interest margins,” stated Greg Garrabrants, CEO. “Our net interest margin increased 17 basis points linked quarter and 10 basis points year-over-year, as we continue to offset rising deposit costs with higher loan yields. Our nearly 17% return on equity and strong capital position allowed us to make another accretive, strategic acquisition of the LaVictoire Finance marine finance business and opportunistically purchase our common stock at an attractive valuation.”