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The latest update is out from Axos Financial ( (AX) ).
On February 12, 2026, Axos Bank entered into an agreement with SMBC MANUBANK to acquire approximately $2.6 billion of U.S. consumer deposits from Jenius Bank, SMBC’s digital banking division. Under the deal, Axos will receive cash equal to the transferred deposit balances, reduced by a negotiated premium, effectively bolstering its funding base with a sizable influx of retail deposits.
The transaction remains subject to approval by the Office of the Comptroller of the Currency and is expected to close in late March or April 2026, marking a notable expansion of Axos Bank’s consumer deposit franchise. If completed, the acquisition would deepen Axos’s presence in digital consumer banking and could enhance its balance-sheet flexibility and scale relative to peers that are also competing aggressively for stable, low-cost deposits.
The most recent analyst rating on (AX) stock is a Buy with a $111.00 price target. To see the full list of analyst forecasts on Axos Financial stock, see the AX Stock Forecast page.
Spark’s Take on AX Stock
According to Spark, TipRanks’ AI Analyst, AX is a Outperform.
The score is driven primarily by solid financial performance (strong multi-year growth and profitability, tempered by margin and cash-flow consistency concerns) and constructive technical momentum (price above major moving averages with positive MACD). Valuation is supportive with a modest P/E, while the earnings call adds upside from growth guidance and Verdant accretion, partially offset by expected NIM and expense/provision headwinds.
To see Spark’s full report on AX stock, click here.
More about Axos Financial
Axos Bank is a U.S.-based federal savings association and the primary banking subsidiary of Axos Financial, Inc., operating in the digital and consumer banking industry. The bank focuses on technology-driven retail deposit gathering and consumer financial services, competing with other online and digitally focused banks for nationwide deposit growth and customer acquisition.
Average Trading Volume: 359,633
Technical Sentiment Signal: Buy
Current Market Cap: $5.52B
See more insights into AX stock on TipRanks’ Stock Analysis page.