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Mar 31, 2023
Axos Financial Q3 2023 Earnings Report
Reported strong Q3 2023 results with increased net income and diluted earnings per share.
Key Takeaways
Axos Financial, Inc. reported a strong fiscal third quarter with a 29% increase in net income to $79.9 million compared to the same period last year. Diluted earnings per share also increased by 29% to $1.32. The company's performance was driven by growth in deposits, net interest income, and a stable net interest margin.
Net income increased by 29% year-over-year.
Diluted earnings per share grew by 29% year-over-year.
Deposits increased by $1.0 billion during the quarter.
Net interest margin was 4.42% for the quarter.
Axos Financial
Axos Financial
Axos Financial Revenue by Segment
Revenue by Segment
Banking Business Revenue
CapyFin.comSecurities Business Revenue
CapyFin.com Forward Guidance
Axos is well-positioned to capitalize on market dislocations due to strong liquidity, diverse funding, and asset-based lending.