secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001299709-25-000164
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axos Bank to acquire Verdant Commercial Capital for $43.5M; expects EPS accretion of 2-3% in FY2026
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- Axos Bank signs agreement to buy 100% of Verdant, an equipment leasing company with $1.1B loan/lease portfolio as of Aug 31, 2025.
- Purchase price includes $4M premium to book value (10% premium); $43.5M paid in cash at close expected Sept 30, 2025.
- Earn-out: seller can receive up to $50M in performance-based cash if VCC ROE exceeds 15% over four years.
- Transaction expected to be accretive to EPS by 2-3% in fiscal 2026 and 5-6% in fiscal 2027 after funding cost savings.
- Axos plans to cross-sell commercial deposits and floorplan lending across Verdant's six industry verticals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970925000164/0001299709-25-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970925000164/ax-20250919.htm
  HTML page:      https://secwatch.observer/filing/0001299709-25-000164

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