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Dec 31, 2019
Axos Financial Q2 2020 Earnings Report
Achieved record earnings driven by strong loan growth and stable net interest margins.
Key Takeaways
Axos Financial, Inc. reported a net income of $41.3 million for the second quarter of fiscal year 2020, a 6.3% increase compared to the same quarter of the previous year. The increase was due to strong loan growth and stable net interest margins.
Net income increased by 6.3% to $41.3 million compared to the quarter ended December 31, 2018.
Earnings per diluted share increased by 8.1% to $0.67 compared to the quarter ended December 31, 2018.
Net interest margin increased 10 basis points linked quarter to 3.87%.
Total assets reached $12.3 billion, up 25.1% compared to December 31, 2018.
Axos Financial
Axos Financial
Axos Financial Revenue by Segment
Revenue by Segment
Banking Business Revenue
CapyFin.comSecurities Business Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to Axos’ financial prospects and other projections of its performance and asset quality, Axos’ ability to continue to grow profitably and increase its business, Axos’ ability to successfully integrate its recent acquisitions and realize the anticipated benefits of the transactions, Axos’ ability to continue to diversify its lending and deposit franchises, the outcome and effects of pending class action litigation filed against the Company, and the anticipated timing and financial performance of other offerings, initiatives, and acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income