Quarterly ResultApr 30, 2026, 04:24 PM
AX Q3 Net Income $124.7M (+18.5%); Diluted EPS $2.15 (+18.8%)
AI Summary
Axos Financial, Inc. reported strong fiscal third-quarter results for the period ended March 31, 2026. Net income increased 18.5% to $124.7 million, and diluted EPS rose 18.8% to $2.15 year-over-year. The company saw robust loan growth, an 11.2% increase in net interest income, and a significant jump in non-interest income, partly due to a $22.0 million legal settlement and contributions from the Verdant acquisition. Total assets grew 18.0% to $29.2 billion, and total deposits increased 11.2% to $22.4 billion.
Key Highlights
- Net income for Q3 FY26 was $124.7 million, up 18.5% from $105.2 million in Q3 FY25.
- Diluted EPS for Q3 FY26 was $2.15, an 18.8% increase from $1.81 in Q3 FY25.
- Net interest income grew 11.2% to $306.3 million for Q3 FY26.
- Non-interest income surged 157.7% to $86.0 million, including a $22.0 million legal settlement.
- Ending net loan balances reached $25.0 billion, with a net change of $685.0 million in Q3 FY26.
- Total deposits increased 11.2% to $22.4 billion at March 31, 2026, from March 31, 2025.
- Book value per share rose 17.7% to $53.89 at March 31, 2026.
- Non-performing assets to total assets improved to 0.62% from 0.71% year-over-year.