Axos Financial Financials and Industry Comparison

Axos Financial is a digital bank that offers a range of financial products, including checking and savings accounts, mortgages, and investment services. With its focus on online banking, Axos Financial has made a name for itself in the industry.

Axos Financial's financials are impressive, with total deposits of over $13 billion and total assets of over $40 billion. This significant growth has been driven by the company's innovative approach to banking and its commitment to providing high-quality customer service.

In terms of industry comparison, Axos Financial's deposit growth rate of 30% in 2020 was significantly higher than the industry average of 10%. This demonstrates the company's ability to attract and retain customers in a highly competitive market.

Axos Financial reported a net income of $410M in 2025, increasing to $425M in 2026. The company's net sales also saw a growth trend, reaching $1.3B in 2026.

The company's net debt is not disclosed in the provided financial statements. However, Axos Financial has been focusing on improving its funding base, with a 3.64% cost of deposits at 3Q23.

Here is a summary of Axos Financial's financial performance:

The financial performance of Axos Financial, Inc. is a crucial aspect to consider when evaluating its overall health. The company's net sales have been steadily increasing, reaching 1.99B in 2025 and 2.1B in 2026.

One key indicator of a company's financial performance is its net income. In 2025, Axos Financial, Inc. reported a net income of 661M, which increased to 686M in 2026. This growth in net income is a positive sign for the company's financial health.

The company's capitalization has also been increasing, reaching 6.49B in 2025 and 44.82B in 2026. This significant growth in capitalization suggests that the company has been able to raise funds and invest in its business.

Here's a breakdown of the company's financial performance:

The company's enterprise value has also been increasing, reaching 44.82B in 2026. This suggests that the company's value is being recognized by the market and investors.

Overall, the financial performance of Axos Financial, Inc. is strong, with increasing net sales, net income, and capitalization. This suggests that the company is well-positioned for future growth and success.

AX's unique neo-banking platform is a key credit consideration, led by an experienced management team that provides the company with a national client base and greater geographic diversification.

The company's various businesses are countercyclical, including its bankruptcy trustee business, securities business, and cash sorting, which helps to mitigate risks.

AX's consistently stronger earnings profile is driven by its asset sensitivity and leveraged balance sheet, resulting in a healthy net interest margin.

The company's highly efficient operating model further boosts its earnings, making it stand out from its peers.

AX's noninterest income mix is generated from a variety of noncorrelated sources, which is a positive factor.

However, the company's funding base remains sensitive to the higher rate environment, primarily due to its digital banking model, with a cost of deposits at 3.64% at 3Q23.

AX has made notable progress in improving the quality of funding over the past several years, but still has room for improvement.

The company's capital levels are a ratings constraint, as it has historically maintained them 100-200 bps below peer averages, but has worked to rebuild its capital base by balancing growth with retained earnings.

AX's CET1 and total RBC ratios have grown to 11.1% and 14.1%, respectively, a notable increase from the year-ago levels, which is a positive sign.

Axos Financial recently announced its Q1 2025 earnings, with a reported EPS of $1.96.

The company's insider, Axos Financial, sold shares worth $358,752 according to a recent SEC filing.

Axos Financial's executive team has undergone some changes, with Axos Financial, Inc. and Axos Bank announcing executive changes in September 2024.

Axos Financial has been expanding its services, with Axos Clearing partnering with Envestnet to deliver managed account solutions in November 2024.

Axos Financial's stock price has seen some adjustments, with Wedbush cutting its price target to $75 from $80 in September 2024, and Raymond James also cutting its price target to $75 from $81 in the same month.

In other news, Axos Financial's insider sold shares worth $2,822,087 according to a recent SEC filing in September 2024.

Here's a summary of Axos Financial's recent announcements:

Needham has initiated coverage on Axos Financial with a buy rating and a price target of $82.