The earnings call presented a mix of positive financial performance indicators, such as strong growth in earnings per share and deposits, alongside challenges like increased nonperforming assets and loan pricing pressure. The company continues to exhibit growth potential but faces headwinds in certain areas.

Company Guidance

During the Axos Financial Q1 2025 earnings call, management highlighted several key metrics showcasing strong performance and strategic adjustments. The company reported a 19.1% return on average common equity and a 28% year-over-year increase in tangible book value per share. Deposits grew by $614 million, with 96% in demand, money market, and savings accounts, while loan balances rose 13.7% year-over-year to $19.3 billion. The net interest margin improved to 5.17%, benefiting from the early payoff of FDIC-purchased loans, although the adjusted margin excluding these loans stood at 4.87%. The net income for the quarter was $112 million, a 36% increase from the previous year, with earnings per share growing 40% to $1.93. Despite facing competitive pressures and elevated prepayments in certain loan categories, Axos remains optimistic about returning to targeted growth ranges, driven by robust pipelines in multifamily, single-family, and auto loans. The company continues to focus on managing interest rate risks and expanding its commercial deposit and lending franchises.

Double-Digit Growth in Earnings Per Share

Achieved double-digit year-over-year growth in earnings per share for the tenth consecutive quarter.

Significant Increase in Deposits

Deposits grew by approximately $614 million quarter-over-quarter, with a focus on interest-bearing demand and savings deposits.

Strong Loan Growth

Ending loan balances increased by 0.3% quarter-over-quarter and 13.7% year-over-year to $19.3 billion.

High Return on Equity

Reported a 19.1% return on average common equity for the quarter ended September 30, 2024.

Increase in Net Interest Margin

Net interest margin increased to 5.17% for the quarter, up from 4.36% a year ago.

Healthy Loan Pipeline

Loan pipeline remains strong with $1.9 billion of total loans as of October 25, 2024.

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Axos Financial (AX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 28, 2025	2025 (Q2)	1.75 / -	2.62	―	―	―
Oct 30, 2024	2025 (Q1)	1.79 / 1.93	1.38	39.86% (+0.55)
Jul 30, 2024	2024 (Q4)	1.80 / 1.80	1.46	23.29% (+0.34)
Apr 30, 2024	2024 (Q3)	1.70 / 1.91	1.32	44.70% (+0.59)
Jan 30, 2024	2024 (Q2)	1.40 / 2.62	1.35	94.07% (+1.27)
Oct 26, 2023	2024 (Q1)	1.35 / 1.38	0.97	42.27% (+0.41)
Jul 27, 2023	2023 (Q4)	1.27 / 1.46	0.96	52.08% (+0.50)
Apr 27, 2023	2023 (Q3)	1.21 / 1.32	1.02	29.41% (+0.30)
Jan 26, 2023	2023 (Q2)	1.23 / 1.35	1	35.00% (+0.35)
Oct 27, 2022	2023 (Q1)	1.12 / 0.97	0.99	-2.02% (-0.02)

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
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%
Jan 30, 2024	$56.78	$55.43	-2.38%

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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