--- title: "Axos Financial | 8-K: FY2026 Revenue: USD 1.48 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294410480.md" datetime: "2026-07-30T20:20:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294410480.md) - [en](https://longbridge.com/en/news/294410480.md) - [zh-HK](https://longbridge.com/zh-HK/news/294410480.md) generator: "portal-rs" --- # Axos Financial | 8-K: FY2026 Revenue: USD 1.48 B Revenue: As of FY2026, the actual value is USD 1.48 B. EPS: As of FY2026, the actual value is USD 8.48, beating the estimate of USD 8.46. #### Net Income Axos Financial, Inc. reported a consolidated net income of $124.9 million for the fourth fiscal quarter ended June 30, 2026, an increase from $110.7 million for the same period in 2025, representing a 12.89% increase . For the full fiscal year ended June 30, 2026, consolidated net income was $490.4 million, up from $432.9 million in 2025, a 13.27% increase . #### Adjusted Earnings (Non-GAAP) Adjusted earnings for the fourth fiscal quarter ended June 30, 2026, increased to $146.2 million, compared to $111.8 million in the prior year quarter . For the full fiscal year 2026, adjusted earnings were $505.882 million, an increase from $436.811 million in fiscal year 2025 . #### Net Interest Income Consolidated net interest income for the fourth fiscal quarter ended June 30, 2026, was $317.890 million, a 13.5% increase from $280.161 million in the prior year quarter . The Banking Business Segment contributed $311.974 million, while the Securities Business Segment contributed $10.980 million to net interest income in Q4 2026 . For the full fiscal year 2026, consolidated net interest income was $1,246.910 million, a 10.56% increase from $1,127.772 million in 2025 . The Banking Business Segment generated $1,231.118 million and the Securities Business Segment generated $35.675 million for the full fiscal year 2026 . #### Non-interest Income Consolidated non-interest income increased to $61.877 million for the fourth fiscal quarter ended June 30, 2026, up 49.9% from $41.285 million in the prior year quarter . The Banking Business Segment reported $40.688 million in non-interest income, and the Securities Business Segment reported $30.659 million for Q4 2026 . For the full fiscal year 2026, consolidated non-interest income was $233.583 million, a 78.22% increase from $131.066 million in 2025 . The Banking Business Segment contributed $149.965 million and the Securities Business Segment contributed $120.816 million for the full fiscal year 2026 . #### Non-interest Expense Consolidated non-interest expense increased by $55.3 million to $205.945 million for the fourth fiscal quarter ended June 30, 2026, from $150.652 million in the prior year quarter, representing a 36.71% increase . The Banking Business Segment incurred $151.994 million and the Securities Business Segment incurred $53.120 million for Q4 2026 . For the full fiscal year 2026, consolidated non-interest expense was $732.718 million, a 24.25% increase from $589.698 million in 2025 . The Banking Business Segment reported $582.702 million and the Securities Business Segment reported $141.104 million for the full fiscal year 2026 . #### Provision for Credit Losses The provision for credit losses was $17.850 million for the fourth fiscal quarter ended June 30, 2026, compared to $14.997 million for the same period in 2025, an increase of 19.02% . For the full fiscal year 2026, the provision for credit losses was $101.105 million, compared to $55.745 million in 2025, an 81.37% increase . #### Income Before Income Taxes Consolidated income before income taxes for the fourth fiscal quarter ended June 30, 2026, was $155.972 million, compared to $155.797 million in the prior year quarter, a 0.11% increase . The Banking Business Segment reported $182.818 million, while the Securities Business Segment reported - $11.481 million for Q4 2026 . For the full fiscal year 2026, consolidated income before income taxes was $646.670 million, up 5.43% from $613.395 million in 2025 . The Banking Business Segment reported $697.276 million and the Securities Business Segment reported $15.387 million for the full fiscal year 2026 . #### Balance Sheet Highlights (as of June 30, 2026 vs. 2025) - **Total Assets**: Increased by 20.90% to $29,961,869 thousand from $24,783,078 thousand . Total assets reached $30.0 billion . - **Total Liabilities**: Increased by 21.23% to $26,795,451 thousand from $22,102,401 thousand . - **Total Stockholders’ Equity**: Grew by 18.12% to $3,166,418 thousand from $2,680,677 thousand . Total stockholders’ equity reached $3.2 billion . - **Cash and Cash Equivalents**: Decreased to $1,108,633 thousand from $1,933,845 thousand . - **Total Deposits**: Increased by 17.94% to $24,565,392 thousand from $20,829,543 thousand, including a $2.3 billion deposit acquisition . Total deposits reached $24.6 billion . Non-interest bearing deposits increased to $3,828,800 thousand from $3,040,696 thousand, and interest bearing deposits increased to $20,736,592 thousand from $17,788,847 thousand . Approximately 85% of total deposits are FDIC-insured or collateralized . - **Loans, Net of Allowance for Credit Losses**: Increased by 21.60% to $25,595,403 thousand from $21,049,610 thousand . Ending net loan balances were $25.6 billion, reflecting a net change of $637.9 million for the three months ended June 30, 2026 . - **Allowance for Credit Losses**: Increased to $347,375 thousand from $290,049 thousand . - **Total Gross Loans**: Increased to $26,096,037 thousand from $21,551,697 thousand . Total loans increased by $625 million from Q3 FY26 to Q4 FY26 . - **Assets under custody and/or administration at Axos Clearing LLC**: Increased to $47.8 billion from $39.4 billion . - **Total number of deposit accounts**: Increased to 699,570 from 600,601 . #### Loan Portfolio Composition (as of June 30, 2026 vs. 2025) - **Single Family - Mortgage & Warehouse**: $4,581,772 thousand in 2026, up from $4,395,278 thousand in 2025 . - **Multifamily and Commercial Mortgage**: $2,484,290 thousand in 2026, down from $2,940,739 thousand in 2025 . - **Commercial Real Estate**: $8,867,851 thousand in 2026, up from $6,937,187 thousand in 2025 . - **Commercial & Industrial - Non-RE**: $9,495,647 thousand in 2026, up from $6,795,497 thousand in 2025 . - **Auto & Consumer**: $666,477 thousand in 2026, up from $482,996 thousand in 2025 . #### Available-for-Sale Securities (as of June 30, 2026 vs. 2025) Total available-for-sale securities had a fair value of $803,667 thousand, significantly up from $66,008 thousand . This includes $732,422 thousand in United States Treasury securities in 2026 (none reported in 2025) and $71,245 thousand in total mortgage-backed securities in 2026, compared to $62,326 thousand in 2025 . #### Credit Quality (as of June 30, 2026) - **Allowance for credit losses to total non-accrual loans**: 221% . - **Non-performing assets to total assets**: 0.53%, down from 0.71% a year prior . - **Non-accrual loans**: Totaled $157 million, or 0.60% of total loans, down from 0.71% as of March 31, 2026, and 0.79% as of June 30, 2025 . - **Net annualized charge-offs to average loans**: 0.25% for Q4 FY26 . #### Capital Ratios (as of June 30, 2026) - **Equity to assets**: 10.57% . - **Tier 1 leverage**: 9.94% . - **Common equity tier 1 capital**: 11.76% . - **Total capital**: 14.39% . #### Tangible Book Value Per Common Share (Non-GAAP) Tangible book value per common share was $50.96 as of June 30, 2026, an increase from $44.60 as of June 30, 2025 . #### Banking Business Segment Metrics (Fiscal Year Ended June 30, 2026 vs. 2025) - **Efficiency ratio**: 42.19% in 2026, compared to 40.80% in 2025 . For Q4 FY26, the Banking Business Segment efficiency ratio was 43.10% . - **Return on average assets**: 1.90% in 2026, down from 2.02% in 2025 . - **Interest rate spread**: 4.00% in 2026, down from 4.03% in 2025 . - **Net interest margin**: 4.74% in 2026, down from 4.95% in 2025 . #### Securities Business Segment Metrics (as of June 30, 2026 vs. 2025) - **FDIC insured program balances at banks**: $1,673,368 thousand in 2026, up from $1,444,830 thousand in 2025 . - **Margin balances**: $312,623 thousand in 2026, up from $229,387 thousand in 2025 . - **Cash reserves for the benefit of customers**: $101,024 thousand in 2026, down from $146,835 thousand in 2025 . - **Securities lending - Interest-earning assets (stock borrowed)**: $163,462 thousand in 2026, up from $139,396 thousand in 2025 . - **Securities lending - Interest-bearing liabilities (stock loaned)**: $194,729 thousand in 2026, up from $139,426 thousand in 2025 . #### Outlook / Guidance Axos Financial, Inc. completed the acquisition of Jenius Bank, adding approximately $2.3 billion of deposits, and closed the acquisition of Arc Technologies, Inc. on July 20, 2026 . The company continues to manage non-interest expenses while investing in its businesses, technologies, and people . Management emphasized that Axos Financial, Inc. remains well-reserved relative to its low level of credit losses, with an allowance for credit losses to total non-accrual loans of 221% at June 30, 2026 . ### Related Stocks - [AX.US](https://longbridge.com/en/quote/AX.US.md) ## Related News & Research - [Is Axos Financial (AX) Undervalued Following Its Recent Pullback?](https://longbridge.com/en/news/296191457.md) - [Axos net income rises 13.27% to $490.37 million in FY26](https://longbridge.com/en/news/296530665.md) - [Axos Financial, Inc $AX Shares Acquired by Empirical Finance LLC](https://longbridge.com/en/news/293816974.md) - [Axos Financial Q4 adjusted EPS beats estimates on loan growth](https://longbridge.com/en/news/294410393.md) - [California State Teachers Retirement System Grows Position in Axos Financial, Inc $AX](https://longbridge.com/en/news/295193329.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**