Axos Financial, Inc. · NYSE:AX

Axos Financial — Merger or Acquisition (September 2025)

8 slides from Axos Financial's merger presentation, Sep 22, 2025

  1. Slide 1: Axos Acquires Verdant Commercial Capital

    Axos Acquires Verdant Commercial Capital September 22, 2025

  2. 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.ʼs (“Axosˮ) financial prospects and other projections of its performance and asset quality, Axosʼ deposit balances and capit

  3. Slide 3: Transaction Summary

    Transaction Summary Modest 10% Premium to Book Value Paid at Closing Financial Summary Management & Operations Timeline • $4M initial book value premium • Management team has 30+ years • 9/19/2025 Deal Signed 10%) paid at closing for 100% experience operating and growing • 9/30/2025 Projected Clo

  4. Slide 4: Vendor-Based Model Provides Large Market Opportunities with Repeat Customers

    Vendor-Based Model Provides Large Market Opportunities with Repeat Customers Verdant targets specific vertical markets with sales, credit and ops team who are experts in these markets Industrial Specialty Golf, Sports & Manufacturing Tech & Office Energy Efficiency Vehicle Entertainment Automation & R

  5. Slide 5: Full Suite of Product Offerings

    Full Suite of Product Offerings Verdant offers a comprehensive product suite, meeting the equipment financing needs of a broad range of customers Product Summary: Portfolio Size Typical Weighted Product Overview Mix Average Max Term Avg. Term • Equipment loan Equipment • Verdant has security interes

  6. Slide 6: Strategic and Financial Benefits

    Strategic and Financial Benefits Adds Scale in EQF Vertical with 5Year Duration and Good Risk-Adjusted Returns Strategic Benefits Financial Benefits • Adds a non-real estate commercial lending • Adds $1.1 billion in loans/leases with 48-month+ business focused on six new specialized average durati

  7. Slide 7: Strong Historical Credit Performance and Residual Realization

    Strong Historical Credit Performance and Residual Realization Loan Loss and Allowance 2017 2018 2019 2020 2021 2022 2023 2024 Avg. Total Allowance for Credit Loss – 0.16% 0.20% 0.21% 0.23% 0.35% 0.36% 0.57% 0.60% 0.33% % of Loans/Leases Net Charge-Off - % of Loans/Leases 0% 0% 1.25% 0.11% 0.01% 0.14

  8. Slide 8: Projected Deal Economics – Base Case

    Projected Deal Economics – Base Case ILLUSTRATIVE  $35M$40M PROJECTED EARNOUT OVER 4YEARS MAY BE HIGHER/LOWER BASED ON ACTUAL PERFORMANCE; CAPPED AT $50M CUMULATIVELY FY 2026 FY 2027 4-Year Earn-Out Projected Net Income $11.2M $32.3M $155.3M Projected Net Income $13.8M $32.3M $157.9M Ex-One-Time

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