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Jun 30, 2022
Axos Financial Q4 2022 Earnings Report
Announced record net income and expanded net interest margin.
Key Takeaways
Axos Financial, Inc. reported net income of $57.9 million for the quarter ended June 30, 2022, a 6.7% increase compared to the same period last year. The company's net interest margin increased by 17 basis points linked quarter to 4.19%.
Net income for the quarter was $57.9 million, up 6.7% year-over-year.
Earnings per diluted share for the quarter were $0.96, up 6.7% year-over-year.
Net interest margin was 4.19% for the quarter, up 27 basis points from Q4 2021.
Net loans increased by $1.0 billion, or 30.4% annualized, during 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 anticipates that its fiscal year 2023 net interest margin will be at or above the high end of its long-term target of 3.80% to 4.00%.
Positive Outlook
- Strong loan growth outlook.
- Diversity of core funding.
- Increase in non-interest bearing deposits.
- Record loan originations.
- Growth in net interest margin.
Challenges Ahead
- Uncertainties surrounding the severity, duration, and effects of the COVID-19 pandemic
- Axos’ ability to successfully integrate acquisitions and realize the anticipated benefits of the transactions
- Changes in the interest rate environment
- Inflation
- Government regulation
Revenue & Expenses
Visualization of income flow from segment revenue to net income