---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-24-000006"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:44:56.464128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001299709-24-000006
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970924000006/0001299709-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970924000006/ax-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-24-000006
- JSON: https://secwatch.observer/filing/0001299709-24-000006.json
- Plain text: https://secwatch.observer/filing/0001299709-24-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299709/000129970924000006/0001299709-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.