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Dec 31, 2022
Axos Financial Q2 2023 Earnings Report
Announced record results for the fiscal second quarter of 2023.
Key Takeaways
Axos Financial, Inc. reported a strong fiscal second quarter with a 34% increase in net income to $81.6 million and a 35% increase in diluted earnings per share to $1.35 compared to the same quarter last year. The company saw growth in net interest income, driven by net interest margin expansion and loan growth, and maintained strong credit quality.
Net income increased by 34% year-over-year to $81.6 million.
Diluted earnings per share increased by 35% year-over-year to $1.35.
Net interest income increased by 37.3% year-over-year.
Non-performing assets to total assets declined to 0.54%.
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, the anticipated timing and financial performance of other offerings, initiatives, and acquisitions and expectations of the environment in which Axos operates.