Axos Financial, Inc. Reports First Quarter Fiscal Year 2027 Results
Key Highlights
- ➤Diluted EPS $2.25, up 16.0% year-over-year
- ➤Net interest income $331.3 million, up 13.8% year-over-year
- ➤Non-interest income $63.8 million, up 97.3% year-over-year
- ➤Ending net loans $25.9 billion after $316.6 million quarterly growth
- ➤Repurchased $14.0 million of shares at average $87.40
Expert Statements
Greg Garrabrants, President and Chief Executive Officer of Axos
“Net interest margin increased by 10 basis points quarter-over-quarter, resulting in a 16.8% annualized growth in net interest income”
Greg Garrabrants, President and Chief Executive Officer of Axos
“Excluding net paydowns in single-family mortgage and warehouse, multifamily and small balance commercial real estate, ending loans grew by approximately $563 million this quarter. Our loan pipeline remains solid, and we expect a few large loans that did not close in the September 2026 quarter to drive an acceleration in overall loan growth in the December 2026 quarter.”
Derrick Walsh, Chief Financial Officer of Axos
“Double-digit growth in net interest income and non-interest income, coupled with good operating expense management, resulted in a 16.0% year-over-year increase in diluted earnings per share in our fiscal first quarter of 2027”
Derrick Walsh, Chief Financial Officer of Axos
“We charged off two non-performing C&I loans that we set aside specific loan loss reserves for in prior quarters. Excluding those two C&I charge-offs, our annualized net charge-offs to average loans was 0.08% in the three months ended September 30, 2026. We remain well-reserved given our historically low levels of net charge-offs.”
Axos Financial, Inc. Reports First Quarter Fiscal Year 2027 Results
Axos Financial, Inc. (NYSE and NYSE Texas: AX) (“Axos” or the “Company”) today announced unaudited financial results for the first fiscal quarter ended September 30, 2026. Net income was $129.6 million and diluted earnings per share (“EPS”) was $2.25 for the quarter ended September 30, 2026. Net income for the quarter ended September 30, 2025 was $112.4 million and diluted EPS was $1.94. Adjusted earnings and adjusted earnings per diluted common share (“Adjusted EPS”), non-GAAP measures described further below, increased $14.5 million to $134.8 million and increased $0.27 to $2.34, respectively, for the quarter ended September 30, 2026, compared to $120.4 million and $2.07, respectively, for the quarter ended September 30, 2025.
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