Axos Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
April 29, 2024
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Axos Financial, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported net interest income was USD 261.61 million compared to USD 198.98 million a year ago. Net income was USD 110.72 million compared to USD 79.85 million a year ago. Basic earnings per share from continuing operations was USD 1.94 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.32 a year ago.
For the nine months, net interest income was USD 701.37 million compared to USD 579.37 million a year ago. Net income was USD 345.14 million compared to USD 219.81 million a year ago. Basic earnings per share from continuing operations was USD 5.98 compared to USD 3.67 a year ago. Diluted earnings per share from continuing operations was USD 5.88 compared to USD 3.63 a year ago.
Axos Financial Inc. is a financial holding company that operates through its subsidiary, Axos Bank (the Bank). The Bank provides consumer and commercial banking products through its digital online and mobile banking platforms, distribution channels and affinity partners. The Companyâs segments include Banking Business and Securities Business. Banking Business segment has a range of banking services, including online banking, concierge banking, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels. In addition, it focuses on providing deposit products nationwide to industry verticals, cash management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. Securities Business segment includes the clearing broker-dealer, registered investment advisor custody business, registered investment advisor, and introducing broker-dealer lines of businesses.
AXOS FINANCIAL, INC. 
