Axos Financial, Inc. · NYSE:AX
Axos Financial — Q1 2026 Earnings Presentation
11 slides from Axos Financial's earnings presentation, Oct 30, 2025
Slide 1: Axos Q1 Fiscal 2026 Earnings Supplement
Axos Q1 Fiscal 2026 Earnings Supplement October 30, 2025 NYSE: AX
Slide 2: Loan Growth by Category
Loan Growth by Category $ Millions Q1 FY26 Q4 FY25 Inc (Dec) Single Family Jumbo Mortgage $ 3,753 $ 3,786 $ (33) Mortgage & Warehouse SF Warehouse Lending 788 609 179 Multifamily & Multifamily 1,585 1,729 (144) Commercial Mortgage Small Balance Commercial 1,209 1,212 (3) CRE Specialty 6,050 5,713 33
Slide 3: Verdant Commercial Capital ("VCC") Acquisition Impact: Income Statement
Verdant Commercial Capital ("VCC") Acquisition Impact Income Statement Three Months Ended Three Months Ended September 30, 2025 June 30, 2025 Axos ($ millions) Axos Reported VCC Impact Axos Reported excluding VCC Net interest income $ 280.2 $ 291.1 $ — $ 291.1 Provision for credit losses (15.0) (9.5
Slide 4: Verdant Commercial Capital ("VCC") Acquisition Impact: Balance Sheet
Verdant Commercial Capital ("VCC") Acquisition Impact Balance Sheet As of June 30, 2025 As of September 30, 2025 Axos ($ millions) Axos Reported VCC Impact1 Axos Reported (excluding VCC) Cash and cash equivalents $ 1,933.8 $ 2,529.1 $ 31.6 $ 2,560.7 Restricted cash 242.5 290.0 34.9 324.9 Loans—net o
Slide 5: Diversified Deposit Gathering
Diversified Deposit Gathering Approximately 90% 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 6: 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) 7.8 (6.4) 7.8 ACL + UCL ACL + UCL © 2025 Axos Financial, Inc. All Rights Reserved. 6 6
Slide 7: Credit Quality ($ millions)
Credit Quality ($ millions) September 30, 2025 Loans O/S Non-Accrual Loans % Single Family-Mortgage & Warehouse $ 4,541 $ 68 1.50 % Multifamily and Commercial Mortgage 2,794 16 0.57 Commercial Real Estate 7,295 22 0.30 Commercial & Industrial - Non-RE 7,981 62 0.78 Auto & Consumer 531 2 0.38 Total $
Slide 8: Selected Financial Information
AXOS FINANCIAL, INC. SELECTED FINANCIAL INFORMATION (Unaudited – dollars in thousands) September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Selected Balance Sheet Data: Total assets $ 27,431,817 $ 24,783,078 $ 23,981,154 $ 23,709,422 $ 23,569,084 Loans—net of allowanc
Slide 9: Selected Financial Information
AXOS FINANCIAL, INC. SELECTED FINANCIAL INFORMATION (Unaudited – dollars in thousands) At or For The Three Months Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Selected Income Statement Data: Interest and dividend income $ 465,736 $ 442,413 $ 432,722 $ 45
Slide 10: 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 11: 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