Loading...
Axos Financial, Inc. reported a strong fourth quarter and full fiscal year, with record net income for the fiscal year and increased earnings per share for the fourth quarter. The company's net interest income grew, driven by growth in average assets and a stable net interest margin.
Net income for the quarter was $54.3 million, up 19.8% year-over-year.
Earnings per diluted share were $0.90, a 20.0% increase year-over-year.
Net interest income increased by 20.8% year-over-year.
Loan originations for investment increased by 38.4% year-over-year.
Axos Financial did not provide specific forward guidance in this earnings report.
Visualization of income flow from segment revenue to net income