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Dec 31, 2021
Axos Financial Q2 2022 Earnings Report
Reported record second quarter fiscal 2022 results with diluted earnings per share up 10% year-over-year.
Key Takeaways
Axos Financial, Inc. reported a net income of $60.8 million for the second quarter of fiscal year 2022, an 11.0% increase compared to the same period last year. Diluted earnings per share increased by 9.9% to $1.00. The company experienced growth in loans, EPS, and book value per share, driven by strong performance in auto, commercial real estate, and C&I lending categories.
Net income increased by 11.0% to $60.8 million compared to the quarter ended December 31, 2020.
Earnings per diluted share increased by 9.9% to $1.00 compared to the three months ended December 31, 2020.
Net loans totaled $12.6 billion at December 31, 2021, an increase of 6.0% from September 30, 2021.
Non-interest bearing deposits increased by $215 million quarter-over-quarter to $3.85 billion, representing approximately 31% of total deposits.
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 continue to diversify its lending and deposit franchises and the anticipated timing and financial performance of other offerings, initiatives, and acquisitions.