The earnings call presented a strong overall performance with significant loan and revenue growth, improved credit metrics, and successful strategic acquisitions. While there were some challenges with net interest margin and expenses, the positive aspects significantly outweigh the negatives.

Company Guidance

During the Axos Financial's First Quarter 2026 earnings call, the company reported strong financial and operational results. They achieved $1.6 billion in net loan growth, with $1 billion from the Verdant acquisition, and a 17% year-over-year increase in book value per share. Axos maintained a 16% return on average common equity and a 1.8% return on average assets for the quarter ended September 30, 2025. Net interest income rose to $291 million, up by $11 million linked quarter, while net interest margin slightly decreased to 4.75% from the previous quarter. Noninterest income grew by 13% year-over-year, driven by higher banking service fees and mortgage banking income. The company's deposit base increased by 6.9% year-over-year to $22.3 billion. Axos also reported net income of $112.4 million and a diluted EPS of $1.94, with adjusted net income and EPS at $119 million and $2.06 per share, respectively. The Verdant acquisition is expected to contribute $150 million to $200 million in net new loans and operating leases per quarter, enhancing Axos's commercial lending capabilities. Despite a slight increase in noninterest expenses due to the acquisition, Axos remains focused on achieving loan growth in the low to mid-teens range annually for fiscal year 2026.

Strong Loan Growth

Axos Financial reported $1.6 billion net loan growth, including $1 billion from the Verdant acquisition, with a 17% year-over-year increase in book value per share.

Improved Credit Metrics

Reduction in net charge-offs by 5 basis points and nonaccrual loans to total loans improved from 79 to 74 basis points linked quarter.

Revenue Growth

Net interest income increased by $11 million linked quarter, or 15.6% annualized, reaching $291 million.

Increased Noninterest Income

Noninterest income grew by approximately 13% year-over-year due to higher banking service fees and mortgage banking income.

Successful Acquisition

The Verdant acquisition expected to add $150-200 million in net new loans and operating leases per quarter at attractive spreads.

Axos Financial (AX) Earnings, Revenues Date & History

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AX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 03, 2026	2026 (Q2)	2.06 / -	1.8	―	―	―
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)
Oct 26, 2023	2024 (Q1)	1.35 / 1.38	0.97	42.27% (+0.41)

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
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%
Jan 28, 2025	$72.40	$69.33	-4.24%

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.