Axos Financial grows assets to $30B and net income 13.3% to $490.4M, but margin and capital ratios slip

Filed August 20, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 21, 2025 · ~1 min read

Key Changes

• high

  Net income rose 13.3% to $490.4 million, or $8.48 diluted EPS, driven by loan growth and a lower tax rate, but net interest margin fell to 4.70% from 4.90%. Pre-tax income rose 5.4% to $646.7M. Of the $57.5M net-income increase, $33.3M is the pretax gain and $24.2M is lower tax expense, with the effective rate down from 29.42% to 24.17%.

  MD&A: Results verify on EDGAR →
• high

  Completed the $1.0 billion Verdant acquisition, adding $1.2 billion of loans and leases, and acquired $2.3 billion of deposits from Jenius Bank; a $3.2 billion Capital One deposit deal is pending.

  MD&A: Acquisitions verify on EDGAR →
• high

  Provision for credit losses nearly doubled to $101.1 million, and net charge-offs rose to $43.3 million, reflecting higher credit costs in the growing loan book.

  MD&A: Credit Quality verify on EDGAR →