> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# Axos Targets March 2027 For Bitcoin Purchases In Self-Directed Accounts, With Lending To Follow
- URL: https://www.bullished.co/axos-targets-march-2027-for-bitcoin-purchases-in-self-directed-accounts-with-lending-to-1c105e12/
- Published: 2026-10-30T04:52:24.000Z
- Updated: 2026-10-30T04:52:24.000Z
- Description: The CEO also said prepayment penalty income, which hit $6.8 million last quarter, probably won't repeat as loan growth picks up.
- Author: Matteo Parrino
- Tags: Earnings, AX, Industry: Financials

[Axos Financial](https://www.bullished.co/tag/ax/), the digital bank and securities clearing company, expects to let customers [buy Bitcoin](https://www.benzinga.com/news/26/10/62724955/axos-financial-q1-2027-earnings-call-transcript?ref=bullished.co) in its self-directed trading accounts around March 2027, CEO Greg Garrabrants told analysts on the company's [earnings call](https://www.benzinga.com/news/26/10/62724955/axos-financial-q1-2027-earnings-call-transcript?ref=bullished.co) on Thursday. A Bitcoin lending program is meant to follow shortly after.

## Bitcoin first, other coins later

Responding to an analyst from Needham about crypto plans, Garrabrants said the feature is an addendum to the self-directed trading account and should be live in the "March 2027-ish timeframe." It will start in beta, he said, to make sure "[everything is buttoned up and working properly.](https://www.benzinga.com/news/26/10/62724955/axos-financial-q1-2027-earnings-call-transcript?ref=bullished.co)"

Axos is using a third-party custodian connected through APIs. The product is working in a test environment, and Garrabrants said it would move into production "[in the next two to three weeks](https://www.benzinga.com/news/26/10/62724955/axos-financial-q1-2027-earnings-call-transcript?ref=bullished.co)" for further testing.

A lending program "like the margin program" will follow, after which Axos will assess which other coins to add. He argued that having checking and brokerage accounts in one place gives the company a tight link between money movement and trading.

## Prepayment fees expected to fall back

Prepayment penalty fee income rose to $6.8 million in the September quarter from $650,000 a year earlier, which management tied to elevated prepayments in commercial lending. Asked by an analyst from D.A. Davidson whether that would last, Garrabrants said he thinks it will fall this quarter and does not expect it to repeat.

He said loan growth should be better in the quarter, and called the two trends related. Ending loans were $25.9 billion at September 30, up $316.6 million from June, as payoffs and about $290 million of capital call syndications offset strong originations. Management still [targets](https://seekingalpha.com/news/4661118-axos-outlines-low-to-mid-teen-loan-growth-in-fiscal-2027-as-it-targets-flat-net-interest?ref=bullished.co) low to mid-teens loan growth for the fiscal year.

## Quarter and the deposit pipeline

Axos reported net income of about $129.6 million, up 15.4% from $112.4 million a year earlier, and diluted earnings per share of $2.25 against $1.94\. Net interest margin rose 10 basis points from the prior quarter to 4.64%. Net charge-offs were 109 basis points, up from 25, on two cash-flow loans that had already carried specific reserves.

The bank also closed the Capital One deposit acquisition in September, adding about $1.8 billion in IRA savings and CDs. Management expects to migrate about $700 million of deposits from ARC clients now held at partner banks to Axos over the next few quarters, and expects the net interest margin to stay flat over the next few quarters.

Garrabrants said the Bitcoin feature is "pretty close to being done," with production testing set to begin within weeks.

Learn

- [How To Read An Earnings Call Transcript: Start With Guidance, Then Find What's Missing →](https://www.bullished.co/learn/how-to-read-an-earnings-call/)  
How to read an earnings call transcript: check guidance first, look for dropped metrics, compare growth with last quarter, and watch hedged wording.

### Sources

- [Axos Financial: Fiscal Q1 Earnings Snapshot – WTOP News](https://wtop.com/national/2026/10/axos-financial-fiscal-q1-earnings-snapshot/?ref=bullished.co) — wtop.com
- [Axos Financial Q1 2027 Earnings Call Transcript](https://www.benzinga.com/news/26/10/62724955/axos-financial-q1-2027-earnings-call-transcript?ref=bullished.co) — benzinga.com
- [Axos outlines low to mid-teen loan growth in fiscal 2027 as it targets flat net interest margin (NYSE:AX)](https://seekingalpha.com/news/4661118-axos-outlines-low-to-mid-teen-loan-growth-in-fiscal-2027-as-it-targets-flat-net-interest?ref=bullished.co) — seekingalpha.com
- [Compared to Estimates, Axos Financial (AX) Q1 Earnings: A Look at Key Metrics](https://finance.yahoo.com/markets/stocks/articles/compared-estimates-axos-financial-ax-220002558.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [Axos Financial (AX) Q1 Earnings and Revenues Top Estimates](https://finance.yahoo.com/markets/stocks/articles/axos-financial-ax-q1-earnings-220504531.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance

### More on Axos Financial

- [Axos CEO Says Both Failed Syndicated Loans Had Non-Bank Agents, Not Bank Exams, Behind Them](https://www.bullished.co/axos-ceo-says-both-failed-syndicated-loans-had-non-bank-agents-not-bank-exams-behind-them-75262735/)
- [Axos EPS Rises 16% To $2.25, But Charge-Offs Hit 1.09% Of Loans After Two Write-Offs](https://www.bullished.co/axos-eps-rises-16-to-2-25-but-charge-offs-hit-1-09-of-loans-after-two-write-offs-c6908cda/)
- [Axos Charges Off $73.9 Million In Loans, Mostly From Two Borrowers, As Loan Loss Reserve Drops To $304.4 Million](https://www.bullished.co/axos-charges-off-73-9-million-in-loans-mostly-from-two-borrowers-as-loan-loss-reserve-701155c3/)

[All Axos Financial (AX) coverage →](https://www.bullished.co/tag/ax/)