secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001299709-24-000107
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axos Financial reports record FY2024 net income $450M; Q4 EPS $1.80, up 23% YoY
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- Net income $104.9M in Q4 FY2024, up 20.1% YoY; diluted EPS $1.80 vs $1.46.
- Net interest income $260M, up 27.6% YoY; net interest margin 4.65% vs 4.19%.
- Total loans (net) grew 16.8% to $19.2B; deposits grew 13.1% to $19.4B.
- Allowance for credit losses $260.5M, up from $166.7M; non-accrual loans 0.57% of total loans.
- Record full-year net income $450M, up 46.5% vs FY2023; includes $92.4M gain on FDIC loan purchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970924000107/0001299709-24-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970924000107/ax-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001299709-24-000107

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