Axos Financial, Inc. · NYSE:AX
Axos Financial — Investor Presentation (August 2025)
24 slides from Axos Financial's investor presentation, Aug 12, 2025
Slide 1: Axos Financial, Inc. Investor Presentation
Axos Financial, Inc. Investor Presentation August 12, 2025 NYSE: AX
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements that involve risks and uncertainties, including without limitation statements relating to Axos Financial, Inc.’s (“Axos”) financial prospects and other projections of its performance and asset quality, Axos’ deposit balances and capit
Slide 3: Axos Financial's Three Divisions Provide the Foundation for Sustained Long-term Growth
Axos Financial’s Three Divisions Provide the Foundation for Sustained Long-term Growth Investment Thesis › Diverse mix of assets, deposits, and fee income reduces risk and provides multiple growth opportunities in varying environments › Asset-based lending at low loan-to-values Consumer has resulted
Slide 4: Diversified Sources of Lending, Deposits and Fee Income
Diversified Sources of Lending, Deposits and Fee Income Consumer Banking Commercial Banking Securities Lending › Auto Lending › Asset-Based Lending › Margin Lending › Single-Family Mortgages › C&I Lending › Securities Lending › Personal Unsecured › Commercial Real Estate Specialty › SBLOCs Lending ›
Slide 5: Axos is a Top Performer Versus Bank Peer Group
Axos is a Top Performer Versus Bank Peer Group Axos Bank Peer Group1 Percentile ROAA 1.55% 0.69% 89% Return on Equity 14.62% 6.40% 92% NIE/Avg Assets 2.09% 2.41% 30% Net Interest Income 4.68% 2.79% 96% Efficiency Ratio 43.45% 72.46% 6% The 92% on ROE means that the Bank outperformed 92% of all banks
Slide 6: Consolidated Fiscal Fourth Quarter 2025 Highlights Compared with Fiscal Fourth Quarter 2024
Consolidated Fiscal Fourth Quarter 2025 Highlights Compared with Fiscal Fourth Quarter 2024 Asset Growth Deposit Growth $ Millions $ Millions 8% 8% Q4 2025 Net Income Diluted EPS $ Millions $ Diluted EPS 7% 6% Return on Equity = 16.85% Return on Assets = 1.85% 6
Slide 7: Diluted EPS and Book Value Per Share Have Been Consistently Strong
Diluted EPS and Book Value Per Share Have Been Consistently Strong Diluted EPS (FY) Book Value Per Share (FY) $ Per Share $ Per Share 1 18.2% CAGR 20.0% CAGR Note 1: The year ended June 30, 2024, included a one-time pre-tax gain of approximately $92.4 million, or $1.11 per diluted common share, rela
Slide 8: Expanding Net Interest Margin Through a Variety of Interest Rate Cycles
Expanding Net Interest Margin Through a Variety of Interest Rate Cycles 4.35% 8
Slide 9: Loan Growth by Category
Loan Growth by Category $ Millions Q4 FY25 Q3 FY25 Inc (Mar) Single Family Jumbo Mortgage $ 3,786 $ 3,697 $ 89 Mortgage & Warehouse SF Warehouse Lending 609 498 111 Multifamily & Multifamily 1,729 2,059 (330) Commercial Mortgage Small Balance Commercial 1,212 1,281 (69) CRE Specialty 5,713 5,371 342
Slide 10: Holistic Credit Risk Management
Holistic Credit Risk Management What We Do Utilize a holistic credit-risk management framework to manage and monitor credit quality at each stage of the loan life cycle, and leverage specialized Credit Tools to optimize monitoring and reporting capabilities Credit Monitoring & Oversight Loan Life Po
Slide 11: Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL)
Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL) ($ in millions) (9.0) 1.0 (3.1) ACL + UCL ACL + UCL 11
Slide 12: Commercial Real Estate Specialty Detail
Commercial Real Estate Specialty1 Detail as of June 30, 2025 62% of total Commercial Real Estate Specialty balance at June 30, 2025 is indirect note structures where Axos has first payment priority; these loans carry a weighted-average LTV of 47%. Below is a breakdown of the stage of the properties
Slide 13: Diversified Deposit Gathering
Diversified Deposit Gathering Approximately 90% of deposits are FDIC-insured or collateralized › Serves approximately 40% of U.S. Chapter 7 › Full service digital banking, wealth bankruptcy trustees in exclusive relationship management, and securities trading › Software allows servicing of SEC recei
Slide 14: Deposit Growth in Checking, Business, and Savings Was Achieved While Transforming the Mix of Deposits
Deposit Growth in Checking, Business, and Savings Was Achieved While Transforming the Mix of Deposits June 30, 2013 June 30, 2025 Total Deposits = $2.1 billion Total Deposits = $20.8 billion Checking and Time deposits other demand deposits Checking and other demand Time deposits deposits Savings Sav
Slide 15: Customer Base and Deposit Volume is Well Distributed Throughout the United States
Customer Base and Deposit Volume is Well Distributed Throughout the United States Axos Deposits Have National Reach With Customers in Every State 15
Slide 16: Non-Interest Income Growth and Diversification
Non-Interest Income Growth and Diversification Year Ended Three Months Ended June 30, 2019 June 30, 2025 Total Non-Interest Income = Total Non-Interest Income = $82.9 million $165.1 million1 Securities Segment Fee Income2 (6/2019 – 6/2025) = 556% Note 1: Represents annualized quarterly June 30, 2025
Slide 17: Axos Clearing and Custody Highlights
Axos Clearing and Custody Highlights Three Months Ended June 30, 2025 Custody $ 7,749,487 › Leadership team Clearing Fees & Execution 6,666,263 with more than 100 years combined Cash Sorting 14,954,010 industry experience. Margin Lending 3,999,096 › Proprietary front- Securities Lending 2,101,870 an
Slide 18: Axos Advisor Services (AAS) At A Glance
Axos Advisor Services (AAS) At A Glance Liberty Provides a Comprehensive Turnkey Platform Serving 214 RIAs1 ($1M+ AUC) ~$30B Assets Under Custody Automatic Reconciliation TAMPs Traditional Small RIAs RIAs 55% of Total 43% of Total AUC 2% of Total AUC AUC Gathers and manages Advisors with <$25M in Tu
Slide 19: Secular Industry Trends Provide Opportunities for Axos
Secular Industry Trends Provide Opportunities for Axos › RIAs need to reduce costs and streamline back-office Fee Compression for ops Active and Passive › Automation frees up time/resources for client Investment Managers interactions › Axos to provide bundled securities clearing, Advisors are Leavin
Slide 20: Axos Securities Roadmap
Axos Securities Roadmap Leverage expertise and technologies in clearing and custody to serve a broader client base Past Present Future 2018 - 2022 2023 - 2025 2026+ People • Highly skilled in the business segment(s) being served (Uncertainty, frustration) Processes • Operational inefficiencies (high
Slide 21: Axos' Business Model is Differentiated From Other Banks
Axos’ Business Model is Differentiated From Other Banks Customer Sales Servicing Distribution Acquisition › Digital Marketing › Automated › Self-service › Balance sheet fulfillment › Affinity and › Digital journey › Whole loan sales Distribution › Inbound call center options › Direct banker (call Pa
Slide 22: Evolving Capabilities of the UDB Platform
Evolving Capabilities of the UDB Platform UDB offers a growing set of products, capabilities and integrations UDB 1.0 UDB 2.0 White Label UDB Banking: Axos deposit products Products + Features Borrowing: Axos loan products Investing: Managed Portfolios, Self Directed Trading Planning: Account Aggreg
Slide 23: Operational Productivity Initiatives
Operational Productivity Initiatives Automation/Straight-Through Low-Code Development Processing • Axos Professional Workstation • Leverage APIs to streamline workflows (APW) development for clients on front end in new • Code refresh for AAS’ advisor commercial deposit platform (ACE) platforms: ALF
Slide 24: Contact Information
Contact Information Greg Garrabrants, President and CEO Derrick Walsh, EVP and CFO investors@axosfinancial.com www.axosfinancial.com Johnny Lai, SVP Corporate Development and Investor Relations Phone: 858.649.2218 Mobile: 858.245.1442 jlai@axosfinancial.com 24