Axos Financial, Inc. · NYSE:AX
Axos Financial — Q2 FY2023 Earnings Presentation
11 slides from Axos Financial's earnings presentation, Jan 26, 2023
Slide 1: Axos Q2 Fiscal 2023 Earnings Supplement
Axos Q2 Fiscal 2023 Earnings Supplement January 26, 2023 NYSE: AX
Slide 2: Loan Growth by Category for Second Quarter
Loan Growth by Category for Second Quarter Ended December 31, 2022 $ millions Q2 FY23 Q1 FY23 Inc (Dec) Single Family Jumbo Mortgage $3,845 $3,833 $12 Mortgage & Warehouse SF Warehouse Lending 144 177 (33) Multifamily & Multifamily 2,175 2,127 48 Commercial Mortgage Small Balance 37 875 838 Commerci
Slide 3: Interest Rate Components of Loan & Lease Portfolio
Interest Rate Components of Loan & Lease Portfolio At December 31, 2022 Mix of Loan Repricing Types Fixed/Hybrid Years to Maturity / Repricing* $M 8,000 Fixed 6,910 8% 6,842 6,905 7,000 6,000 5,706 5,000 Variable Hybrid 4,000 54% 38% 2,942 3,000 1,718 2,000 687 1,000 414 - Years 1/2 1 2 3 5 10 20 >2
Slide 4: Axos Advisor Services (AAS) Cash Sorting
Axos Advisor Services (AAS) Cash Sorting AAS Assets Under Custody (AUC) and Cash Ending Balances $30.0 14.0% $26.0 $26.3 $24.7 $25.1 11.9% 11.9% 12.0% $25.0 $22.4 $22.5 $22.5 $21.6 $19.9 $19.4 10.0% $20.0 $17.6 8.4% 7.8% 8.0% 7.4% 7.6% $15.0 6.5% 6.0% 5.7% 5.6% 5.5% $10.0 5.1% 4.0% $5.0 $2.1 $2.7 $2
Slide 5: Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL)
Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL) ($ in millions) 170 0.4 3.5 11.0 (2.2) (0.5) 10.5 160 150 140 155.5 157.2 130 120 September 30, 2022 Gross Gross Provisions for December 31, 2022 ACL + UCL Charge-offs Recoveries credit losses ACL + UCL ACL UCL 4
Slide 6: Allowance for Credit Losses (ACL) by Loan Category as of December 31, 2022
Allowance for Credit Losses (ACL) by Loan Category as of December 31, 2022 $ millions Loan Balance ACL $ ACL % Single Family - Mortgage and Warehouse $3,989.0 $19.6 0.49% Multifamily & Commercial Mortgage 3,050.1 15.5 0.51% Commercial Real Estate 5,762.1 72.2 1.25% Loans Commercial & Industrial Non-
Slide 7: Credit Quality ($ millions)
Credit Quality ($ millions) Non‐performing Loans Down from Prior Quarter 9/30/2022 Loans O/S NPLs % Single Family-Mortgage & Warehouse $4,009.8 $65.7 1.64% Multifamily and Commercial Mortgage 2,965.0 35.8 1.21 Commercial Real Estate 5,523.9 14.9 0.27 Commercial & Industrial - Non-RE 2,244.3 3.0 0.13
Slide 8: Selected Consolidated Financial Information: Balance Sheet Data
The following tables set forth certain selected financial data concerning the periods indicated: (Unaudited — dollars in thousands) AXOS FINANCIAL, INC. AND SUBSIDIARIES SELECTED CONSOLIDATED FINANCIAL INFORMATION QXxOS December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2
Slide 9: Selected Consolidated Financial Information: Income Statement Data
AXOS FINANCIAL, INC. AND SUBSIDIARIES SELECTED CONSOLIDATED FINANCIAL INFORMATION (Unaudited — dollars in thousands, except per share data) Ator for the Three Months Ended QXxOS December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 ‘Selected Income Statement Data: Inter
Slide 10: Non-GAAP Financial Measures
_ QXxOS 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 have inherent limitations,
Slide 11: Contact Information
Contact Information Greg Garrabrants, President and CEO Derrick Walsh, EVP and CFO Andy Micheletti, EVP of Finance 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 10