Axos Financial (AX) investor relations material

Strategic foundation and business model

• Operates through three divisions: consumer banking, commercial banking, and securities, enabling diversified growth and risk mitigation.

• Asset-based lending at low loan-to-values has resulted in historically low credit losses.

• Differentiated digital strategy and structural cost advantages set it apart from traditional and fintech competitors.

• Technology synergies among divisions reduce client acquisition and servicing costs.

• New business initiatives and direct-to-consumer offerings drive incremental growth.

Financial performance and growth

• Achieved 18% asset growth and 21% deposit growth year-over-year in Q4 2026.

• Net income increased by 13% to $124.9 million, with diluted EPS up 13% to $2.16.

• Five-year deposit CAGR of 17.8%, reaching $24.6 billion as of June 30, 2026.

• Diluted EPS and book value per share have grown at 19.0% and 18.8% CAGRs, respectively, over five years.

• Consolidated return on equity at 15.69% and return on assets at 1.69% for Q4 2026.

Operational excellence and risk management

• Maintains a resilient net interest margin through various interest rate cycles.

• Holistic credit risk management framework with data-driven decision-making and specialized tools.

• Allowance for credit losses and unfunded loan commitments reserve managed proactively.

• Commercial real estate specialty loans have a weighted average LTV of 49%, with 59% in indirect note structures and first payment priority.

• Approximately 85% of deposits are FDIC-insured or collateralized, supporting liquidity and stability.