Axos Q2 FY2024 net income $151.8M (+86% YoY), EPS $2.62 (+94% YoY); FDIC loan purchase boosts non-interest income

Axos Financial, Inc.

2024-Q2 EPS reported $3.98

Net income $151.8M, diluted EPS $2.62 vs $1.35 YoY; adjusted EPS $1.60 vs $1.38
Net interest income $228.6M (+14.4% YoY); non-interest income $124.1M (incl. $1.25B FDIC loan purchase)
Loans net $18.3B, up from $15.5B YoY; allowance for credit losses $251.7M (1.33% of loans)
ROAA 2.90% vs 1.77%, ROAE 30.39% vs 18.71%; tangible book value per share $33.45
FDIC loan purchase: acquired $1.25B CRE/multifamily loans at 63% of par, ~18% estimated yield

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Axos Financial, Inc. reported second fiscal quarter ended December 31, 2023 results: net income $151.8 million, EPS $2.62.

Period: second fiscal quarter ended December 31, 2023
Net income: $151.8 million
EPS: $2.62
Result: reported results

Exact text from the filing

Net income was $151.8 million, an increase of 86.1% from $81.6 million for the quarter ended December 31, 2022. Diluted earnings per share was $2.62, an increase of $1.27, or 94.1%, as compared to diluted earnings per share of $1.35 for the quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001299709-24-000006

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