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Axos Financial (AX)
NYSE:AX
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
1.74Last Year’s EPS
1.91Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -5.80%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong growth in net interest income, loan originations, and deposits, alongside effective cost management, which were offset by a decline in net income and a significant increase in nonperforming assets. The net interest margin faced downward pressure, affecting overall performance.Company Guidance
In the second quarter of fiscal 2025, Axos Financial demonstrated strong financial performance with a notable 22.5% year-over-year increase in net interest income, reaching $280 million. The company achieved a return on average common equity of 17% and a return on assets of 1.7%, contributing to a 21% growth in tangible book value per share. Loan balances saw a year-over-year increase of 6.7% to $19.5 billion, while total on-balance sheet deposits rose by 9.5% to $19.9 billion. The net interest margin for the quarter was 4.83%, showing an improvement from the previous year, although slightly down from the first quarter of 2025 due to the impact of early loan payoffs. Axos also managed to reduce its non-interest expenses by 1.5% compared to the previous quarter, maintaining an efficiency ratio of 41% in its banking segment. Despite a decrease in net income year-over-year, adjusted net income and EPS remained robust at $92.5 million and $1.60 per share, respectively. The company highlighted strong loan originations and improvements in its loan pipeline, particularly in single-family and multifamily mortgage segments, amidst a competitive landscape.Double-Digit Year-over-Year Growth in Key Metrics
Net interest income increased by 22.5% year-over-year to $280 million. Tangible book value per share grew by 21% year-over-year.
Strong Loan Origination and Asset Growth
Loan originations reached $3.5 billion with significant growth in single-family mortgage warehouse and C&I loan balances.
Effective Cost Management and Efficiency
Total non-interest expenses decreased by 1.5% from the prior quarter, with an efficiency ratio of 41% for the banking segment.
Positive Deposit Growth
Total on-balance sheet deposits increased by 9.5% year-over-year to $19.9 billion, with a 10.6% increase in demand, money market, and savings accounts.
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AX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $72.40 | $69.33 | -4.24% |
| Oct 30, 2024 | $66.49 | $67.72 | +1.85% |
| Jul 30, 2024 | $77.61 | $73.01 | -5.93% |
| Apr 30, 2024 | $50.61 | $55.50 | +9.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Axos Financial (AX) report earnings?
Axos Financial (AX) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Axos Financial (AX) earnings time?
Axos Financial (AX) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AX EPS forecast?
AX EPS forecast for the fiscal quarter 2025 (Q3) is 1.74.
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