secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001299709-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970924000006/0001299709-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970924000006/ax-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001299709-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer