---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-26-000038"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:50:25.000262+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Axos Financial completes $2.3B deposit acquisition from Jenius Bank (SMBC)

## Summary
- Axos Bank acquired approximately $2.3 billion in U.S. consumer deposits from Jenius Bank, a SMBC MANUBANK digital business.
- Transaction closed May 2, 2026; cash consideration paid was less a negotiated premium.
- Acquisition was previously announced under a Purchase and Assumption Agreement dated February 12, 2026.

## SEC filing metadata
- accession: 0001299709-26-000038
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000038/0001299709-26-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000038/ax-20260502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-26-000038
- JSON: https://secwatch.observer/filing/0001299709-26-000038.json
- Plain text: https://secwatch.observer/filing/0001299709-26-000038.txt

## Source-grounded claims
- claim_id: 7a5005ab0ce05ccd7f90e2d3bb76a41f955cc68b
  claim: Axos Financial, Inc. completed an acquisition involving Jenius Bank, a digital banking business of SMBC MANUBANK (closed 2026-05-02).
  evidence_excerpt: On May 2, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Company”), completed its previously announced acquisition of all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK (“SMBC”), pursuant to the terms of the Purchase and Assumption Agreement, dated February 12, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000038/0001299709-26-000038-index.htm

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