Axos Financial, Inc. · NYSE:AX
Axos Financial — Q2 2026 Earnings Presentation
10 slides from Axos Financial's earnings presentation, Jan 29, 2026
Slide 1: Axos Q2 Fiscal 2026 Earnings Supplement
Axos Q2 Fiscal 2026 Earnings Supplement January 29, 2026 NYSE: AX
Slide 2: Loan Growth by Category
Loan Growth by Category $ Millions Q2 FY26 Q1 FY26 Inc (Dec) Single Family Jumbo Mortgage $ 3,751 $ 3,753 $ (2) Mortgage & Warehouse SF Warehouse Lending 1,044 788 256 Multifamily & Multifamily 1,469 1,585 (116) Commercial Mortgage Small Balance Commercial 1,029 1,209 (180) CRE Specialty 7,061 6,050
Slide 3: Verdant Commercial Capital ("VCC") Impact
Verdant Commercial Capital ("VCC") Impact Income Statement Three Months Ended ($ millions) December 31, 2025 Net Interest Income Interest Income - Loans and Leases $ 24.3 Interest Expense - External (8.3) Interest Expense - Internal (Axos Transfer Pricing)1 (4.8) Total Net Interest Income $ 11.2 Pro
Slide 4: Diversified Deposit Gathering
Diversified Deposit Gathering Approximately 85% of deposits are FDIC-insured or collateralized › Serves approximately 30% of U.S. Chapter 7 › Full service digital banking, wealth management, bankruptcy trustees in exclusive relationship and securities trading › Software allows servicing of SEC recei
Slide 5: 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) (4.8) ACL + UCL ACL + UCL © 2025 Axos Financial, Inc. All Rights Reserved. 5 5
Slide 6: Credit Quality ($ millions)
Credit Quality ($ millions) December 31, 2025 Loans O/S Non-Accrual Loans % Single Family-Mortgage & Warehouse $ 4,795 $ 56 1.17 % Multifamily and Commercial Mortgage 2,498 6 0.24 Commercial Real Estate 8,403 22 0.26 Commercial & Industrial - Non-RE 8,504 65 0.76 Auto & Consumer 576 3 0.52 Total $ 2
Slide 7: Axos Financial, Inc. Selected Financial Information
AXOS FINANCIAL, INC. SELECTED FINANCIAL INFORMATION (Unaudited – dollars in thousands) December 31, September 30, June 30, March 31, 2025 December 31, 2024 2025 2025 2025 Selected Balance Sheet Data: Total assets $ 28,201,406 $ 27,431,817 $ 24,783,078 $ 23,981,154 $ 23,709,422 Loans—net of allowance
Slide 8: Axos Financial, Inc. Selected Financial Information
AXOS FINANCIAL, INC. SELECTED FINANCIAL INFORMATION (Unaudited – dollars in thousands) At or For The Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Selected Income Statement Data: Interest and dividend income $ 513,845 $ 465,736 $ 442,413 $ 432
Slide 9: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to the results presented in accordance with GAAP, this earnings supplement includes non-GAAP financial measures such as adjusted earnings, adjusted earnings per diluted common share, and tangible book value per common share. Non-GAAP financial measures
Slide 10: 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 © 2025 Axos Financial, Inc. All Rights Res