Axos Financial (AX)
NYSE:AX
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
2.19Last Year’s EPS
1.92Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights multiple strong operational and financial achievements: double‑digit growth in net interest income, EPS and deposits; robust loan originations and pipeline; strategic deposit acquisitions providing funding and liquidity; improving profitability metrics and disciplined reserving. Offsetting items include a meaningful sequential NIM decline driven partly by transient purchased‑loan effects and fewer days in the quarter, a quarter‑specific C&I credit loss that raised provisions and charge‑offs, and modestly higher noninterest expenses. Overall, the positives — including scalable loan pipelines, strong deposit growth, strategic acquisitions and solid capital/credit reserves — outweigh the contained headwinds, which management describes as manageable and largely idiosyncratic.Company Guidance
Double‑Digit Earnings and EPS Growth
Net income of approximately $124.7 million for Q3 FY2026, up 18.5% year‑over‑year; diluted EPS $2.15, up 18.7% year‑over‑year.
Strong Net Interest Income and Loan Growth
Net interest income increased 11.2% year‑over‑year; nearly $700 million of net loan growth on a linked‑quarter basis and ending loan balances grew ~ $800 million linked quarter (excl. single‑family warehouse).
Healthy Capital and Profitability Metrics
Return on average common equity >16% and return on assets 1.8% for the quarter; strong capital enabling organic and inorganic growth.
Deposit Franchise Expansion
Ending deposits $22.4 billion, up 11.2% year‑over‑year; demand, money market and savings represent 97% of deposits (up 13% year‑over‑year); noninterest‑bearing deposits ~$3.4B, up $143M sequentially.
Noninterest Income Improvement and Strategic One‑Time Items
Noninterest income $86 million (vs $53M prior quarter and $33.4M year‑ago); included a $22M one‑time legal settlement and rental income from newly acquired commercial property; excluding the $22M settlement, noninterest income was up ≈$10M linked quarter driven by mortgage banking, advisory fees and Verdant contribution.
Verdant and New Originations Contribution
Verdant contributed ≈$200M of new loans/operating leases and ≈$23.7M in noninterest income in the quarter; total originations for investments (excl. single‑family warehouse) were $5.1B.
Acquisitions and Deposit Growth Opportunities
Regulatory approval received for $2.3B Jenius deposit acquisition (to be converted in June quarter); announced pending ~$3.2B Capital One IRA/savings/CD deposit acquisition — both enhance liquidity/funding for loan growth.
Technology and AI Adoption
Expanded AI usage across the firm: >500 team members using Claude Enterprise, technical AI users up 37% since start of 2026, AI now accounts for 90% of committed code in certain areas—driving operational efficiencies in salaries, benefits and data processing.
Controlled Credit Metrics and Reserves
Total nonperforming assets $180.4M (down ≈$5M year‑over‑year) and nonperforming assets 62 bps (improved from 71 bps); allowance for credit losses to nonaccrual loans 192.2% — indicating strong reserving posture.
Robust Loan Pipeline and Growth Outlook
Loan pipeline ≈$2.6B (includes $611M SFR jumbo, $1.7B commercial) and management expects low‑to‑mid‑teens organic annual loan growth (excl. acquisitions).
AX Earnings History
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 |
|---|---|---|---|
May 04, 2026 | $87.28 | $87.14 | -0.16% |
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% |
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.
FAQ
When does Axos Financial (AX) report earnings?
Axos Financial (AX) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Axos Financial (AX) earnings time?
Axos Financial (AX) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AX EPS forecast?
AX EPS forecast for the fiscal quarter 2026 (Q4) is 2.19.
