Axos Financial, Inc. · NYSE:AX
Axos Financial — Q4 FY2024 Earnings Presentation
13 slides from Axos Financial's earnings presentation, Jul 30, 2024
Slide 1: Axos Q4 Fiscal 2024 Earnings Supplement
Axos Q4 Fiscal 2024 Earnings Supplement NYSE: AXJuly 30, 2024
Slide 2: Loan Growth by Category
2 Loan Growth by Category $ Millions SF Warehouse Lending Multifamily Small Balance Commercial Jumbo Mortgage Asset-Based and Cash Flow Lending Lender Finance Non-RE Capital Call Facilities Auto Unsecured/OD Single Family Mortgage & Warehouse Multifamily & Commercial Mortgage Commercial Real Estate
Slide 3: FDIC Loan Purchase Metrics
3 FDIC Loan Purchase Metrics as of June 30, 2024 Remaining Term (Months) Weighted- Average LTV Weighted- Average Yield Before Accretion of Discount Unpaid Principal Balance (mm) Loan Type 4452.1 %7.5 %$ 239Office 1538.54.2122Data Center 1728.68.644Land 1251.06.850Other 8970.36.938Industrial 3357.47.
Slide 4: Commercial Real Estate Specialty Detail
4 Commercial Real Estate Specialty1 Detail as of June 30, 2024 Non-Accrual Loans (mm)Weighted Avg. LTVBalance (mm)Loan Type $ 1139 %$ 1,946Multifamily —401,021Hotel 1543710SFR —48536Industrial —32451Other —35302Office —46223Retail $ 2640 %$ 5,189Total Note 1: Includes Commercial Real Estate Specialt
Slide 5: Loan Repricing and Years to Maturity
5 Fixed/Hybrid Years to Maturity / Repricing*Mix of Loan Repricing Types *Excludes SF Warehouse Lending and Equipment Leasing. The years to repricing assumes no loan prepayments and reflects only contractual terms. Of the fixed and hybrid rate loan balances in our portfolio at June 30, 2024, 62% wil
Slide 6: Diversified Deposit Gathering
6 Diversified Deposit Gathering Approximately 90% of deposits are FDIC-insured or collateralized Deposit balances as of June 30, 2024 Note 1: Excludes approximately $550 million of off-balance sheet deposits Note 2: Excludes approximately $700 million of client deposits held at other banks › Serves
Slide 7: Change in Allowance for Credit Losses & Unfunded Loan Commitments Reserve
7 Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL) ($ in millions) ACL + UCL ACL + UCL 5.5
Slide 8: Allowance for Credit Losses by Loan Category
8 Allowance for Credit Losses (ACL) by Loan Category as of June 30, 2024 $ Millions ACL %ACLLoan Balance 0.4 %$ 17$ 4,179 1.8 %713,862 1.4 %886,089 1.5 %765,241 2.1 %9432 1.3 %$ 261$ 19,803 Single Family Mortgage & Warehouse Multifamily & Commercial Mortgage Commercial Real Estate Commercial & Indus
Slide 9: Credit Quality
9 Credit Quality ($ millions) %Non-Accrual LoansLoans O/SJune 30, 2024 1.10 %$ 46$ 4,179Single Family-Mortgage & Warehouse 0.91353,862Multifamily and Commercial Mortgage 0.43266,089Commercial Real Estate 0.0845,241Commercial & Industrial - Non-RE 0.472432Auto & Consumer 0.57 %$ 113$ 19,803Total %Non
Slide 10: Selected Balance Sheet Data
10 June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 Selected Balance Sheet Data: $ 20,348,469$ 20,825,206$ 21,623,764$ 22,642,133$ 22,855,334Total assets 16,456,72816,955,04118,264,35418,733,45519,231,385Loans—net of allowance for credit losses 23,2038,01413,46816,2391
Slide 11: Selected Income Statement Data
11 At or For The Three Months Ended June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 Selected Income Statement Data: $ 346,430$ 363,952$ 394,663$ 443,564$ 453,428Interest and dividend income 142,676152,797166,057181,958193,366Interest expense 203,754211,155228,606261,6
Slide 12: Adjusted Earnings and Adjusted EPS Reconciliation
June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024(Dollars in thousands, except per share amounts) $ 87,356$ 82,645$ 151,771$ 110,720$ 104,872Net income (92,397)——FDIC Loan Purchase - Gain on purchase 4,648——FDIC Loan Purchase - Provision for credit losses 2,7792,7902,78
Slide 13: Contact Information
13 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 Contact Information