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Axos Financial
(NYSE:AX)
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Rating:77Outperform
Price Target:
$111.00
▲(15.83% Upside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by solid underlying financial strength (strong ROE, improving leverage, and healthy cash conversion) and a positive earnings outlook (loan pipeline, NIM guidance, and a coming tax-rate benefit). Technicals add support with price above key moving averages. The main restraint is data consistency risk in the TTM income statement metrics and some manageable headwinds discussed on the call (expense pressure and competitive loan yield dynamics).
Positive Factors
Consistent, high ROE
Multi-year ROE in the mid‑teens to ~20% indicates persistent profitability that supports internal capital generation, organic growth, and shareholder returns. Sustained high ROE reflects efficient capital use across lending, securities and custody franchises, strengthening long-term earnings resilience.
Negative Factors
TTM reporting inconsistencies
Large TTM anomalies (sharp revenue drop and inflated margins) and a reported TTM debt figure that deviates from historical trends undermine confidence in current run-rate signals. These reporting inconsistencies make forecasting credit, funding and capital trends less reliable over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent, high ROE
Multi-year ROE in the mid‑teens to ~20% indicates persistent profitability that supports internal capital generation, organic growth, and shareholder returns. Sustained high ROE reflects efficient capital use across lending, securities and custody franchises, strengthening long-term earnings resilience.
Read all positive factors
Axos Financial Key Performance Indicators (KPIs)
Any
Income Before Taxes by Segment
Shows the pre-tax profit or loss contributed by each Axos business unit, letting investors see which segments drive overall profitability. Trends here reveal whether growth is translating into sustainable earnings, and how credit costs, expense management, or one-time items are affecting each line of business. Helpful for assessing management’s capital allocation, margin health, and which parts of the company are most exposed to downside.
Shows the pre-tax profit or loss contributed by each Axos business unit, letting investors see which segments drive overall profitability. Trends here reveal whether growth is translating into sustainable earnings, and how credit costs, expense management, or one-time items are affecting each line of business. Helpful for assessing management’s capital allocation, margin health, and which parts of the company are most exposed to downside.
Data provided by:
The Fly
The FlyAxos Financial (AX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.77B
Dividend YieldN/A
Average Volume (3M)414.98K
Price to Earnings (P/E)13.0
Beta (1Y)1.12
Revenue Growth12.54%
EPS Growth13.67%
CountryUS
Employees1,989
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)8.42
Shares Outstanding56,884,636
10 Day Avg. Volume332,343
30 Day Avg. Volume414,980
Financial Highlights & Ratios
PEG Ratio-3.72
Price to Book (P/B)1.61
Price to Sales (P/S)2.24
P/FCF Ratio9.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$118.50Price Target Upside23.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)9.6
Revenue Forecast (FY)$1.55B
Axos Financial Business Overview & Revenue Model
Company Description
Founded in Las Vegas, Nevada, in 1999, Axos Financial, Inc. is a U.S.-based financial institution that delivers a comprehensive array of banking services to both individual consumers and businesses. The company operates through two primary divisio...
How the Company Makes Money
Axos Financial primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned by taking deposits and other funding (such as checking, savings, money market accounts, and time deposits), paying depos...
Axos Financial Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong core performance: robust organic loan growth ($856M Q/Q), deposit growth (+7.6% YoY to $20.8B), improving NIM (4.84%), solid profitability (17% ROE, adjusted EPS ~$1.87), and meaningful custody business momentum (AUC +$2.3B, net new assets +$215M). Management highlighted continued credit stability, a healthy $2.0B loan pipeline, and a forthcoming ~3 percentage-point reduction in state tax rate that should boost future EPS. Headwinds were largely manageable and mostly one-time or strategic (a $5.6M deferred tax impairment, modest increase in professional services and new-team costs, competitive pressure on new loan yields, and some monitoring of C&I nonaccruals). On balance, positive operational trends and outlook beat the limited near-term negatives, supporting a constructive view on the company’s trajectory.Positive Updates
Strong Net Loan Growth
Net loan growth of $856 million linked-quarter, representing 4.2% linked-quarter growth (16% annualized) driven by asset based lending, commercial real estate, specialty equipment leasing, lender finance and single-family warehouse; single-family mortgage balances grew for the second consecutive quarter.
Negative Updates
One-Time Deferred Tax Impairment Increased Tax Expense
A $5.6 million noncash deferred tax impairment related to California taxation changes increased income tax expense in the quarter, contributing to a reported tax rate of 29% for the quarter (vs 27.4% year-ago); this was a one-time remeasurement but increased Q4 tax expense by ~$2.3 million when combined with stock-based incentive remeasurement.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Net Loan Growth
Net loan growth of $856 million linked-quarter, representing 4.2% linked-quarter growth (16% annualized) driven by asset based lending, commercial real estate, specialty equipment leasing, lender finance and single-family warehouse; single-family mortgage balances grew for the second consecutive quarter.
Read all positive updates
Company Guidance
Management guided that for fiscal 2026 they expect organic loan growth toward the mid‑to‑high end of their "high single‑digits to low‑teens" annual range (excluding FDIC loan purchases or other asset acquisitions), see a consolidated NIM ex‑FDIC accretion to remain at the high or slightly above their 4.25%–4.35% target, and begin the year with a $2.0 billion loan pipeline (7/25/2025) comprising $532M single‑family jumbo, $49M gain‑on‑sale, $302M multifamily/small‑business commercial, $73M auto/consumer and $1.1B commercial; they emphasized capital discipline, said a California tax change will lower their effective tax rate by ~3 percentage points to ~26%–27% starting 9/30/2025 (boosting net income/EPS), and reiterated expense controls — targeting personnel and professional services growth to be ≤30% of NII + noninterest income growth, planning a ~4% annual merit increase and noting one new floor‑plan team will add roughly $1M of expense per quarter.Axos Financial Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.10B | 1.93B | 1.77B | 1.26B | 757.91M | 711.97M |
| Gross Profit | 1.31B | 1.19B | 1.04B | 865.93M | 681.59M | 609.10M |
| EBITDA | 708.00M | 642.41M | 662.57M | 455.13M | 364.56M | 336.19M |
| Net Income | 476.10M | 432.91M | 450.01M | 307.17M | 240.72M | 215.71M |
Balance Sheet | ||||||
| Total Assets | 29.25B | 24.78B | 22.86B | 20.35B | 17.46B | 14.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.57B | 2.00B | 2.12B | 2.47B | 1.47B | 902.96M |
| Total Debt | 2.82B | 372.67M | 415.68M | 451.78M | 562.74M | 574.86M |
| Total Liabilities | 26.18B | 22.10B | 20.56B | 18.43B | 15.81B | 12.86B |
| Stockholders Equity | 3.07B | 2.68B | 2.29B | 1.92B | 1.64B | 1.40B |
Cash Flow | ||||||
| Free Cash Flow | 426.13M | 436.12M | 269.52M | 166.49M | 195.12M | 402.14M |
| Operating Cash Flow | 447.92M | 490.33M | 305.48M | 196.71M | 216.62M | 412.58M |
| Investing Cash Flow | -4.85B | -1.84B | -2.59B | -2.40B | -2.78B | -866.77M |
| Financing Cash Flow | 3.93B | 1.34B | 2.09B | 3.01B | 3.10B | -458.56M |
Axos Financial Technical Analysis
Positive
95.83
Price Trends
93.11
Positive
90.90
Positive
89.12
Positive
Market Momentum
1.28
Positive
50.60
Neutral
16.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AX, the sentiment is Positive. The current price of 95.83 is below the 20-day moving average (MA) of 97.95, above the 50-day MA of 93.11, and above the 200-day MA of 89.12, indicating a bullish trend. The MACD of 1.28 indicates Positive momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 16.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AX.
Axos Financial Risk Analysis
Axos Financial disclosed 50 risk factors in its most recent earnings report. Axos Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Axos Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.03B | 18.69 | 14.00% | 2.28% | 9.67% | 9.32% | |
77 Outperform | $5.77B | 13.00 | 22.32% | ― | 12.54% | 13.67% | |
74 Outperform | $6.25B | 14.95 | 9.61% | 2.49% | -3.12% | -5.31% | |
74 Outperform | $6.02B | 12.67 | 9.68% | 3.43% | 35.21% | 61.65% | |
70 Outperform | $5.87B | 15.74 | 9.25% | 0.91% | 1.41% | -2.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $5.93B | -238.99 | 0.39% | 0.29% | -21.42% | ― |
* Financial Sector Average
AX
Axos Financial
101.41
15.88
18.57%
ABCB
Ameris Bancorp
87.21
21.29
32.29%
FFIN
First Financial Bankshares
35.14
1.59
4.74%
HWC
Hancock Whitney
77.00
19.80
34.61%
FLG
Flagstar Financial
14.22
3.04
27.13%
AUB
Atlantic Union Bankshares
42.43
12.14
40.07%
Axos Financial Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresLegal ProceedingsM&A Transactions
Axos Financial posts strong Q4 and full-year results
Positive
Jul 30, 2026
Axos Financial reported strong unaudited results for its fourth fiscal quarter and full year ended June 30, 2026, with quarterly net income rising to $124.9 million and diluted EPS to $2.16, up 12.9% and 12.5% from the prior-year quarter. Adjusted...
Business Operations and StrategyM&A Transactions
Axos Financial to Acquire Arc Technologies Fintech Platform
Positive
Jul 7, 2026
Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc., agreed on July 6, 2026, to acquire Arc Technologies, Inc., a financial technology platform focused on technology and growth companies. Arc, founded in 2021 with headquarters in San Fr...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Axos Financial Gains Approval for Strategic Deposit Acquisition
Positive
Jun 9, 2026
Axos Bank, a subsidiary of Axos Financial, Inc., received approval on June 8, 2026, from the Office of the Comptroller of the Currency to proceed with a previously announced deposit acquisition. The company expects the transaction to close later i...
Business Operations and StrategyFinancial Disclosures
Axos Financial Highlights Digital Banking Strength in New Presentation
Positive
May 4, 2026
Axos Financial, Inc. began using a new investor presentation on May 5, 2026 that highlights its diversified business model, strong profitability metrics, and technology-driven strategy. The materials, dated May 4, 2026, emphasize Axos’s dist...
Business Operations and StrategyM&A Transactions
Axos Financial Expands Deposits with Jenius Bank Acquisition
Positive
May 4, 2026
On May 2, 2026, Axos Bank, the digital banking subsidiary of Axos Financial, Inc., completed the acquisition of all U.S. consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK. The transaction, executed under a Purchase and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.