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Sep 30, 2021
Axos Financial Q1 2022 Earnings Report
Reported record results with diluted earnings per share up 12.5% year-over-year.
Key Takeaways
Axos Financial, Inc. reported a strong first quarter for fiscal year 2022, with net income of $60.2 million, a 13.6% increase from the previous year. The company saw growth in net loans and net interest margin, driven by robust originations and reduced funding costs. Strong profitability and returns were reflected in the return on assets, return on equity, and efficiency ratio for the banking business segment.
Net income increased by 13.6% to $60.2 million compared to the same quarter last year.
Diluted earnings per share increased by 12.5% year-over-year to $0.99.
Net interest margin increased by 30 basis points linked quarter and 38 basis points year-over-year to 4.22%.
Net loans increased by $464.2 million, or 16.3% annualized.
Axos Financial
Axos Financial
Axos Financial Revenue by Segment
Revenue by Segment
Banking Business Revenue
CapyFin.comSecurities Business Revenue
CapyFin.com Forward Guidance
The press release does not contain specific forward guidance. Therefore, this section is left intentionally blank.