PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Condensed Financial Information Disclosure [Abstract] |
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| Schedule of Condensed Balance Sheets |
The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the Consolidated Financial Statements of the Company and the other notes to the Consolidated Financial Statements. Adjustments to investment in subsidiaries, stockholders’ equity and equity in undistributed earnings of subsidiaries have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company. CONDENSED BALANCE SHEETS | | | | | | | | | | | | | At June 30, | | (Dollars in thousands) | 2026 | | 2025 | | ASSETS | | | | | Cash and cash equivalents | $ | 198,429 | | | $ | 185,865 | | | | | | | | | | | | | | | Securities | 142,990 | | | 68,749 | | | | | | | | | | | Other assets | 119,536 | | | 126,611 | | | | | | | Investment in bank subsidiaries | 2,806,105 | | | 2,477,715 | | | Investment in non-bank subsidiaries | 358,907 | | | 352,630 | | Total assets | $ | 3,625,967 | | | $ | 3,211,570 | | | LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | Borrowings, subordinated notes and debentures | $ | 342,915 | | | $ | 312,671 | | | | | | | | | | | | | | | Accounts payable and other liabilities | 116,634 | | | 218,222 | | | Total liabilities | 459,549 | | | 530,893 | | | Stockholders’ equity | 3,166,418 | | | 2,680,677 | | | Total liabilities and stockholders’ equity | $ | 3,625,967 | | | $ | 3,211,570 | |
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| Schedule of Condensed Statements of Income |
CONDENSED STATEMENTS OF INCOME | | | | | | | | | | | | | | | | | | | Fiscal Year Ended June 30, | | (Dollars in thousands) | 2026 | | 2025 | | 2024 | | Interest income | $ | 9,406 | | | $ | 7,388 | | | $ | 4,279 | | | Interest expense | 20,209 | | | 14,827 | | | 15,990 | | | Net interest (expense) income | (10,803) | | | (7,439) | | | (11,711) | | | Provision for loan losses | 9,838 | | | 2,575 | | | (184) | | | Net interest (expense) income, after provision for credit losses | (20,641) | | | (10,014) | | | (11,527) | | | Non-interest income (loss) | 20,102 | | | 15,727 | | | 13,247 | | Non-interest expense and tax benefit (expense)1 | 32,210 | | | 56,078 | | | 31,366 | | | Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries | (32,749) | | | (50,365) | | | (29,646) | | | Dividends from bank subsidiaries | 200,000 | | | 160,000 | | | 120,000 | | | Dividends from non-bank subsidiaries | — | | | 35,000 | | | 26,000 | | | Equity in undistributed earnings of subsidiaries | 323,121 | | | 288,273 | | | 333,654 | | | Net income | $ | 490,372 | | | $ | 432,908 | | | $ | 450,008 | | | Comprehensive income | $ | 493,938 | | | $ | 435,722 | | | $ | 454,152 | | | | | | | | | | | | | |
1 Includes tax benefit/(expense) of $28.9 million, $(10.3) million, and $6.4 million for the fiscal years ended June 30, 2026, 2025, and 2024, respectively.
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| Schedule of Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS | | | | | | | | | | | | | | | | | | | Fiscal Year Ended June 30, | | (Dollars in thousands) | 2026 | | 2025 | | 2024 | | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | Net income | $ | 490,372 | | | $ | 432,908 | | | $ | 450,008 | | | Adjustments to reconcile net income to net cash used in operating activities: | | | | | | | Depreciation, amortization and accretion | 7,597 | | | 24,499 | | | 9,532 | | | Stock-based compensation expense | 44,255 | | | 41,970 | | | 35,194 | | | Equity in undistributed earnings of subsidiaries | (323,121) | | | (288,273) | | | (333,654) | | | Decrease (increase) in other assets | (5,628) | | | (4,235) | | | 15,849 | | | Increase (decrease) in other liabilities | (113,083) | | | 111,982 | | | (17,922) | | | Net cash provided by operating activities | 100,392 | | | 318,851 | | | 159,007 | | | CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | Purchases of investments | (225) | | | (1,001) | | | (20,351) | | Purchases of loans, net of discounts or premiums | — | | | (55,664) | | | — | | | | | | | | | | | | | | | | | | | | | Proceeds from principal repayments on loans | 991 | | | 5,051 | | | 5,000 | | | | | | | | | Purchases of furniture, equipment, software and intangibles | (11,907) | | | (18,650) | | | (5,378) | | | Investment in subsidiaries | (53,700) | | | (73,320) | | | (23,200) | | | Net cash used in investing activities | (64,841) | | | (143,584) | | | (43,929) | | | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tax payments related to the settlement of restricted stock units | (30,246) | | | (27,640) | | | (16,192) | | | Repurchase of treasury stock | (21,980) | | | (58,203) | | | (96,286) | | | | | | | | Repurchase of subordinated notes | — | | | (13,169) | | | (8,938) | | | Payment of debt issuance cost | (2,861) | | | — | | | — | | | Proceed from issuance of subordinated notes | 200,000 | | | — | | | — | | | Redemption of subordinated notes | (160,500) | | | — | | | — | | | Repayment of subordinated loans | (7,400) | | | — | | | — | | | Net cash used in financing activities | (22,987) | | | (99,012) | | | (121,416) | | | NET CHANGE IN CASH AND CASH EQUIVALENTS | 12,564 | | | 76,255 | | | (6,338) | | | CASH AND CASH EQUIVALENTS—Beginning of year | 185,865 | | | 109,610 | | | 115,948 | | | CASH AND CASH EQUIVALENTS—End of year | $ | 198,429 | | | $ | 185,865 | | | $ | 109,610 | |
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