Axos Financial (AX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

2.16

Last Year’s EPS

1.81

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 4 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Feb 02, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call conveyed strong growth and profitability momentum: robust linked-quarter loan growth, healthy loan pipeline, meaningful deposit inflows, higher net interest income and fee income (including Verdant contributions), improved credit metrics and strong returns (ROE and ROA). Headwinds include higher non-interest expenses (partly related to the Verdant acquisition and a one-time accrual), an increase in provisions driven by commercial loan growth, and expected modest NIM compression as one-time accretion wanes and seasonality/timing effects persist. On balance the company's operational and credit strength, diversified growth channels, and accretive acquisition of Verdant outweigh the near-term expense and NIM headwinds.

Company Guidance

Management guided to continued strong loan growth — targeting low-to-mid‑teens annual growth, expecting to add roughly $600–$800 million this quarter (they entered January with ~ $800 million of incremental starting loan balances) and noted a $2.2 billion pipeline as of Jan. 23 (≈ $598M single‑family jumbo, $75M gain‑on‑sale, $200M multifamily/small balance commercial, $82M auto/consumer, $1.2B commercial); Verdant is expected to add ~ $150M of loan balance per quarter and deliver EPS accretion at the mid‑to‑high end of the initial 2–3% FY26 guide and 5–6% in FY27. On margin and income, reported NIM was 4.94% (normalized ~4.72% excluding FDIC accretion/securitization impacts) and management conservatively assumes a ~5–6 bps reduction in adjusted margin (to ~4.66%); FDIC purchase‑loan accretion is expected to contribute ~10–15 bps to NIM going forward, with regular signature accretion ~ $6.5M/quarter (after a one‑time $9M in Dec that reduced future scheduled accretion by ~ $2.5M) and a March calendar effect of ~2% lower net interest income. Funding and expense guidance: deposits were $23.2B (up 44.3% linked quarter, 16.5% YoY; 96% in demand/MM/savings up 17% YoY; avg non‑interest‑bearing deposits ~$3.5B vs $3.0B prior; $460M partner‑bank OOB deposits), and management aims to keep salaries & benefits plus professional services expense growth at or below 30% of revenue growth.

Strong Quarterly Loan Growth

$1.0 billion net loan growth linked quarter with broad-based expansion across single-family mortgage warehouse, commercial specialty real estate, equipment finance, and fund finance; entering January with ~ $800 million higher starting loan balances and expecting $600–$800 million loan growth this quarter.

Net Interest Income and Margin Expansion

Net interest income of $331.6 million for the quarter, up approximately $41 million linked quarter (+14%); excluding one FDIC loan prepayment accretion, NII was up ~$23 million (+8%). Reported net interest margin was 4.94% (up 19 basis points linked quarter); adjusted NIM excluding FDIC prepayment and Verdant impact was ~4.72% (roughly flat QoQ).

Profitability and EPS Growth

Net income approximately $128.4 million, up 22.6% year-over-year; diluted earnings per share $2.22 for the quarter, representing a 23.3% year-over-year increase. Return on average common equity above 17% and return on assets ~1.8%.

Robust Deposit and Funding Momentum

Ending deposits $23.2 billion, up 44.3% linked quarter and up 16.5% year-over-year; demand, market money, money market and savings (96% of deposits) increased 17% YoY. Average non-interest-bearing deposits rose to ~$3.5 billion from ~$3.0 billion the prior quarter.

Fee Income and Verdant Contribution

Total non-interest income $53.4 million, up 65% quarter-over-quarter from $32.3 million. Verdant contributed ~ $18.9 million of non-interest income in the quarter; Axos recorded Verdant-originated interest income of $24.3 million and $14.1 million of operating lease income this quarter.

Strong Originations and Loan Pipeline

Total originations (ex single-family warehouse) $5.6 billion for the quarter, up 35% linked quarter (~140% annualized). Loan pipeline healthy at ~$2.2 billion (as of Jan 23, 2026) with diversified composition across single-family jumbo, multifamily, auto/consumer and commercial.

Improving Credit Metrics and Reserves

Total nonaccrual loans to total loans declined from 74 bps to 61 bps (13 bps improvement linked quarter). Nonperforming assets declined ~ $19 million linked quarter (from 64 bps of assets to 56 bps). Net charge-offs to total assets fell to 4 bps (down 7 bps QoQ and 6 bps YoY). Allowance for credit losses to nonaccrual loans = 215.8% at Dec 31.

Securities/Custody Growth and Operating Income Improvement

Assets under custody/administration increased to $44.4 billion (from $43.0 billion); net new custody assets nearly $1.0 billion in December and $2.0 billion for the first six months of fiscal 2026. Securities segment operating income improved from $7.8 million to $9.7 million QoQ.

Verdant Acquisition Strategic Benefits

Verdant acquisition (closed Sept 30) added ~ $430 million of loans/leases and ~$780 million of on-balance securitizations; Verdant contributed ~ $130 million of net new loans/leases in December. Management expects Verdant to drive EPS accretion in the mid-to-high end of initial guidance (2–3% FY2026; 5–6% FY2027) and forecasts Verdant-originated loan growth ~ $150 million per quarter.

Axos Financial (AX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2026	2026 (Q3)	2.15 / -	1.81	―	―	―
Feb 02, 2026	2026 (Q2)	2.08 / 2.22	1.8	23.33% (+0.42)
Oct 30, 2025	2026 (Q1)	1.85 / 1.94	1.93	0.52% (+0.01)
Jul 30, 2025	2025 (Q4)	1.78 / 1.92	1.8	6.67% (+0.12)
Apr 30, 2025	2025 (Q3)	1.74 / 1.81	1.91	-5.24% (-0.10)
Jan 28, 2025	2025 (Q2)	1.75 / 1.80	2.62	-31.30% (-0.82)
Oct 30, 2024	2025 (Q1)	1.79 / 1.93	1.38	39.86% (+0.55)
Jul 30, 2024	2024 (Q4)	1.80 / 1.80	1.46	23.29% (+0.34)
Apr 30, 2024	2024 (Q3)	1.70 / 1.91	1.32	44.70% (+0.59)
Jan 30, 2024	2024 (Q2)	1.40 / 2.62	1.35	94.07% (+1.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 02, 2026	$98.42	$97.78	-0.65%
Oct 30, 2025	$79.32	$77.98	-1.69%
Jul 30, 2025	$85.29	$86.35	+1.24%
Apr 30, 2025	$63.48	$65.50	+3.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.