Axos Financial, Inc. completed an acquisition involving Jenius Bank, a digital banking business of SMBC MANUBANK (closed 2026-05-02).
“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”
Earnings Releases
Axos Financial, Inc. reported third fiscal quarter ended March 31, 2026 results: revenue $306,261, net income $124,677, EPS $2.15.
“EPS was $1.81. Third Quarter Fiscal 2026 Financial Summary Three Months Ended March 31, (Dollars in thousands, except per share data) 2026 2025 % Change Net interest income $ 306,261 $ 275,464 11.2 % Non-interest income $ 85,988 $ 33,373 157.7 % Net income $ 124,677 $ 105,206 18.5 % Adjusted earnings (Non-GAAP) 1 $ 110,224 $ 105,011 5.0 % Diluted EPS $ 2.15 $”
Material Agreements
Axos Financial, Inc. entered into Agreement with Capital One, National Association valued at approximately $3.2 billion (effective 2026-04-22).
“On April 22, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Registrant”), entered into a purchase and assumption agreement (the “Agreement”) with Capital One, National Association (“Capital One”) to acquire individual retirement accounts (“IRAs”) with an aggregate balance of approximately $3.2 billion deposited into associated savings and certificate of deposit accounts, along with certain assets and liabilities related thereto.”
Material Agreements
Axos Financial, Inc. entered into Agreement with SMBC MANUBANK valued at approximately $2.6 billion (effective 2026-02-12).
“On February 12, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Registrant”), entered into a purchase and assumption agreement (the “Agreement”) with SMBC MANUBANK (“SMBC”) to acquire all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC.”
Debt Financings
Axos Financial, Inc. incurred senior notes of $200,000,000 aggregate principal amount with Keefe, Bruyette & Woods, Inc., as representative of the underwriters at 7.00% Fixed-to-Floating Rate maturing 2035-10-01.
“On September 19, 2025, Axos Financial, Inc. (the “Company”) completed its previously announced sale of $200,000,000 aggregate principal amount of the Company’s 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035”
Ann Gill was appointed as Senior Vice President and Chief Accounting Officer at Axos Financial, Inc..
“On September 24, 2024, the Board of Directors of Axos Financial, Inc. (the “Registrant”) and its subsidiary Axos Bank (collectively, the “Company”) appointed Ann Gill as the Company’s Senior Vice President and Chief Accounting Officer (“principal accounting officer”).”
Earnings Releases
Axos Financial, Inc. reported third fiscal quarter ended March 31, 2024 results: net income $110.7 million, an increase of 38.7% from $79.9 million for the quarter ended March 31, 2023, EPS $1.91, an increase of $0.59, or 44.7%, as compared to diluted earnings per share of $1.32 for the quarter ended March 31.
“Axos Financial, Inc. Reports Third Quarter Fiscal 2024 Results LAS VEGAS, NV – (BUSINESS WIRE) – April 30, 2024 – Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) today announced unaudited financial results for the third fiscal quarter ended March 31, 2024. Net income was $110.7 million, an increase of 38.7% from $79.9 million for the quarter ended March 31, 2023. Diluted earnings per share (“EPS”) was $1.91, an increase of $0.59, or 44.7%, as compared to diluted earnings per share of $1.32 for the quarter ended March 31, 2023.”
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