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Jun 30, 2024
Axos Financial Q4 2024 Earnings Report
Announced record fiscal year results and increased net income.
Key Takeaways
Axos Financial, Inc. reported a strong fourth quarter and fiscal year 2024, with a 20.1% increase in net income for the quarter and a 46.5% increase for the fiscal year. EPS also saw substantial growth, and credit quality remained strong. The company continues to operate efficiently and profitably.
Net income increased by 20.1% compared to the same quarter last year.
Diluted earnings per share increased by 23.3% compared to the same quarter last year.
Net interest margin was 4.65% for the quarter.
Total deposits increased by 13.1% compared to the same quarter last year.
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’ deposit balances and capital ratios, 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, expectations of the environment in which Axos operates and projections of future performance.
Positive Outlook
- Axos’ financial prospects
- Projections of its performance and asset quality
- Axos’ deposit balances and capital ratios
- Axos’ ability to continue to grow profitably and increase its business
- Axos’ ability to continue to diversify its lending and deposit franchises
Challenges Ahead
- Axos’ ability to successfully integrate acquisitions and realize the anticipated benefits of the transactions
- Changes in the interest rate environment, monetary policy, inflation, government regulation, general economic conditions, changes in the competitive marketplace
- Conditions in the real estate markets in which we operate
- Risks associated with credit quality, our ability to attract and retain deposits and access other sources of liquidity
- The outcome and effects of litigation and other factors beyond our control
Revenue & Expenses
Visualization of income flow from segment revenue to net income