Axos Financial reported first‑quarter fiscal 2026 results, posting net income of $112.4 million for the quarter ended September 30 2025, a slight increase from $112.3 million in the same period a year earlier.
Diluted earnings per share were $1.94, essentially flat against $1.93 in the prior year, while adjusted earnings per share, excluding one‑time gains and costs, rose to $2.07, beating the consensus estimate of $1.86.
Revenue for the quarter was $323.4 million, matching the prior year’s figure and falling short of the $330.0 million forecasted by analysts. Net interest income declined 0.3% year‑over‑year to $291.1 million, and the net interest margin slipped to 4.75% from 4.84% in the previous quarter.
The company’s credit quality remained strong, with net charge‑offs to average loans falling to 11 basis points and the allowance for credit losses to non‑accrual loans and leases increasing to 180.4% from 149.3% a year earlier.
Total assets grew 10.7% to $27.4 billion, driven largely by the September 30 acquisition of Verdant Commercial Capital, which added $1 billion in loans and leases and $1.6 billion to net loan growth. Total deposits rose to $22.3 billion.
Management highlighted continued loan growth, particularly in data‑center and commercial real‑estate segments, and noted that the Verdant acquisition would expand the company’s commercial‑banking footprint and support future growth.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.