Earnings
Axos Posts 15.66% Return On Equity, With $129.6 Million In First-Quarter Net Income
The bank's investor deck shows net income up 15% from a year earlier and commercial real estate specialty loans leading growth.
AX
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Earnings
Axos Targets March 2027 For Bitcoin Purchases In Self-Directed Accounts, With Lending To Follow
The CEO also said prepayment penalty income, which hit $6.8 million last quarter, probably won't repeat as loan growth picks up.
Earnings
Axos CEO Says Both Failed Syndicated Loans Had Non-Bank Agents, Not Bank Exams, Behind Them
Net charge-offs hit 109 basis points for the quarter, against 25 basis points in the prior quarter.
Earnings
Axos EPS Rises 16% To $2.25, But Charge-Offs Hit 1.09% Of Loans After Two Write-Offs
Net income reached $129.6 million, while loan growth shrank to $316.6 million from $1.59 billion a year earlier.
SEC Filings
Axos Charges Off $73.9 Million In Loans, Mostly From Two Borrowers, As Loan Loss Reserve Drops To $304.4 Million
Net charge-offs hit 1.09% of loans versus 0.11% a year earlier, yet quarterly profit still rose to $129.6 million.