Axos Financial, Inc. · NYSE:AX
Axos Financial — Investor Presentation (May 2026)
23 slides from Axos Financial's investor presentation, May 4, 2026
Slide 1: Axos Financial, Inc. Investor Presentation
Axos Financial, Inc. Investor Presentation May 4, 2026 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 has resulted in low h
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 1.79% 0.72% 93% Return on Equity 17.54% 6.73% 93% NIE/Avg Assets 2.13% 2.43% 33% Net Interest Income 4.76% 2.88% 96% Efficiency Ratio 43.00% 71.17% 6% The 93% on ROE means that the Bank outperformed 93% of all banks
Slide 6: Consolidated Fiscal Third Quarter 2026 Highlights Compared with Fiscal Third Quarter 2025
Consolidated Fiscal Third Quarter 2026 Highlights Compared with Fiscal Third Quarter 2025 Asset Growth Deposit Growth $ Millions $ Millions 22% 11% Q3 2026 Net Income Diluted EPS $ Millions $ Diluted EPS 1.81 19% 2.15 19% 124.7 105.2 Return on Equity = 16.26% Return on Assets = 1.77% © 2026 Axos Fin
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: Resilient Net Interest Margin Through a Variety of Interest Rate Cycles
Resilient Net Interest Margin Through a Variety of Interest Rate Cycles 4.76% 3.64% © 2026 Axos Financial, Inc. All Rights Reserved. 8 8
Slide 9: Loan Growth by Category
Loan Growth by Category $ Millions Q3 FY26 Q2 FY26 Inc (Dec) Single Family Jumbo Mortgage $ 3,784 $ 3,751 $ 33 Mortgage & Warehouse SF Warehouse Lending 921 1,044 (123) Multifamily & Multifamily 1,437 1,469 (32) Commercial Mortgage Small Balance Commercial 1,037 1,029 8 CRE Specialty 7,235 7,061 174
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 Cy
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) (20.9) 7.8 ACL + UCL ACL + UCL © 2026 Axos Financial, Inc. All Rights Reserved. 11 11
Slide 12: Commercial Real Estate Specialty Detail as of March 31, 2026
Commercial Real Estate Specialty1 Detail as of March 31, 2026 59% of total Commercial Real Estate Specialty balance at March 31, 2026 is indirect note structures where Axos has first payment priority; these loans carry a weighted- average LTV of 41%. Below is a breakdown of the stage of the properti
Slide 13: 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, and bankruptcy trustees in exclusive relationship Consumer securities trading Fiduciary › Software allows ser
Slide 14: Five-Year Deposit Growth
Five-Year Deposit Growth ($ in billions) 16.6% CAGR © 2026 Axos Financial, Inc. All Rights Reserved. 14 14
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 © 2026 Axos Financial, Inc. All Rights Reserved. 15 15
Slide 16: Non-Interest Income Growth and Diversification
Non-Interest Income Growth and Diversification Year Ended Three Months Ended June 30, 2020 March 31, 2026 Total Non-Interest Income = Total Non-Interest Income = $103.0 million $344.0 million1 ($ in millions) ($ in millions) Note 1: Represents annualized quarterly March 31, 2026 data © 2026 Axos Fin
Slide 17: Axos Clearing and Custody Highlights
Axos Clearing and Custody Highlights Three Months Ended March 31, 2026 Custody $ 9,404,237 Clearing Fees & Execution 7,767,648 › Leadership team with Cash Sorting 13,092,899 more than 100 years combined industry Margin Lending 4,370,937 experience. Securities Lending 2,170,534 › Proprietary front- a
Slide 18: Secular Industry Trends Provide Opportunities for Axos
Secular Industry Trends Provide Opportunities for Axos › RIAs need to reduce costs and streamline back-office ops Fee Compression for › Automation frees up time/resources for client interactions Active and Passive Investment Managers › Axos to provide bundled securities clearing, custody and Advisor
Slide 19: 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 20: Axos' Business Model is Differentiated From Other Banks
Axos’ Business Model is Differentiated From Other Banks Customer Acquisition Sales Servicing Distribution › Digital Marketing › Automated fulfillment › Self-service › Balance sheet › Affinity and › Inbound call center › Digital journey › Whole loan sales Distribution Partners sales options › Direct
Slide 21: 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 22: Operational Productivity Initiatives
Operational Productivity Initiatives Automation/Straight-Through Low-Code Development Processing • Axos Professional Workstation (APW) • Leverage APIs to streamline workflows for development clients on front end in new commercial deposit platform (ACE) • Code refresh for AAS’ advisor platforms: ALF
Slide 23: 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 © 2026 Axos Financial, Inc. All Rights Res