Axos Financial, Inc. reported a strong fourth quarter with a 52% increase in diluted EPS to $1.46 and a 23% increase in net interest income. The company achieved record earnings and maintained strong credit quality and liquidity.
Net income increased by 50.9% to $87.4 million compared to the same quarter last year.
Earnings per diluted share increased by 52.1% to $1.46 compared to the same quarter last year.
Net interest income increased by 23.2% to $203.8 million compared to the same quarter last year.
Deposits increased $0.4 billion, or 9.2% annualized, between March 31, 2023 and June 30, 2023
Axos Financial did not provide specific forward guidance in the provided earnings report. The report focused on the achievements and financial results of the fourth quarter and full fiscal year ended June 30, 2023.
Visualization of income flow from segment revenue to net income