Axos Financial, Inc. · NYSE:AX
Axos Financial — Q4 FY2023 Earnings Presentation
13 slides from Axos Financial's earnings presentation, Jul 27, 2023
Slide 1: Axos Q4 Fiscal 2023 Earnings Supplement
Axos Q4 Fiscal 2023 Earnings Supplement July 27, 2023 NYSE: AX
Slide 2: Loan Growth by Category
1 Loan Growth by Category for Third Quarter Ended June 30, 2023 $ millions Q4 FY23 Q3 FY23 Inc (Dec) $3,924 $3,925 (1) 250 162 88 2,236 2,245 (9) 846 838 8 5,346 4,952 394 854 842 12 1,696 1,598 98 116 121 (5) 828 736 92 476 518 (42) 70 77 (7) 10 6 4 $16,652 $16,020 $632 Jumbo Mortgage SF Warehouse
Slide 3: CRE Specialty Detail
CRE Specialty Detail as of June 30, 2023 Loan Type Balance (mm) Weighted Avg. LTV Non-Performing Loans (mm) Multifamily $1,746 41% $0 SFR 1,059 42 15 Hotel 921 41 0 Office 552 36 0 Industrial 475 43 0 Other 339 36 0 Retail 254 41 0 Total $5,346 40% $15 <=50% > 50% to 60% >60% to 65% > 65% 80% 15% 2%
Slide 4: Interest Rate Components of Loan & Lease Portfolio
Fixed/Hybrid Years to Maturity / Repricing*Mix of Loan Repricing Types Variable 59% Hybrid 34% Fixed 7% 409 880 2,028 2,993 5,526 6,573 6,583 6,632 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 1/2 1 2 3 5 10 20 >20 Years $M 7% 13% 32% 49% 100%100%99%89% *Excludes SF Warehouse Lending and Equipment Le
Slide 5: Diversified Deposit Gathering Business Lines
4 Consumer Direct Distribution Partners Small Business Banking Commercial / Treasury Management Axos Securities Specialty Deposits Fiduciary Services Diversified Deposit Gathering Business Lines ‹ Full service digital banking, wealth management, and securities trading ‹ White-label banking ‹ Busines
Slide 6: Axos Advisor Services (AAS) Cash Sorting
Axos Advisor Services (AAS) Cash Sorting 5 ($895) ($383) ($188) ($1,000) ($900) ($800) ($700) ($600) ($500) ($400) ($300) ($200) ($100) $0 Q2 2023 Q3 2023 Q4 2023 Pace of AAS Cash Sorting Decline Has Decelerated ($ in millions)
Slide 7: Change in Allowance for Credit Losses & Unfunded Loan Commitments Reserve
Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Reserve (UCL) ($ in millions) 161.3 (2.5) 0.9 7.0 166.7 10.5 10.5 120 130 140 150 160 170 March 31, 2023 ACL + UCL Gross Charge-offs Provisions for credit losses Gross Recoveries June 30, 2023 ACL + UCL UCLACL 6
Slide 8: Allowance for Credit Losses by Loan Category
7 Loan Balance Allowance for Credit Losses (ACL) by Loan Category as of June 30, 2023 Loans Single Family - Mortgage and Warehouse Multifamily & Commercial Mortgage Commercial Real Estate Auto & Consumer $ millions Other ACL $ ACL % Commercial & Industrial Non-RE $4,173.8 3,082.2 6,199.8 546.3 10.2
Slide 9: Credit Quality
Credit Quality ($ millions) Non‐performing Loans Down Slightly from Prior Quarter 3/31/2023 Loans O/S NPLs % Single Family-Mortgage & Warehouse $4,087.5 $36.2 0.89% Multifamily and Commercial Mortgage 3,082.8 37.4 1.21 Commercial Real Estate 5,794.3 14.9 0.26 Commercial & Industrial - Non-RE 2,454.8
Slide 10: Selected Balance Sheet Data and Capital Ratios
The following tables set forth certain selected financial data concerning the periods and the dates indicated: ‘Seleciod Balance Sheet Data: Total assets Loans—net of allowance for credit losses ‘Loans held for sale, carried at fair value ‘Loans held for sale, lower of cost or fair value Allowance f
Slide 11: Selected Consolidated Financial Information
AXOS FINANCIAL, INC. SELECTED CONSOLIDATED FINANCIAL INFORMATION (Unaudited — dollars in thousands, except per share data) ‘At or for the Three Months Ended Tune 30, March 31, December 31, September 30, Tune 30, ‘Selected Income Statement Data: Interest and dividend income Interest expense x [Net in
Slide 12: Use of Non-GAAP Financial Measures
axOs 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 eamings per diluted common share, and tangible book value per common share. Non-GAAP financial measu
Slide 13: Contact Information
12 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 Contact Information