| SEGMENT REPORTING AND REVENUE INFORMATION |
SEGMENT REPORTING AND REVENUE INFORMATION Segment Reporting. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments and by which segment results are evaluated by the CODM in deciding how to allocate resources and in assessing performance. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations in conjunction with its corporate strategy. Salaries and related costs represent the significant segment expense that is regularly provided to the CODM. For more information on the Company’s operating segments, see Note 23—“Segment Reporting” in the 2026 Form 10-K. In order to reconcile the two segments to the consolidated totals, the Company includes corporate activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, 2026 | | (Dollars in thousands) | Banking
Business Segment | | Securities Business Segment | | Corporate/Eliminations | | Axos Consolidated | | Net interest income | $ | 325,573 | | | $ | 10,642 | | | $ | (4,959) | | | $ | 331,256 | | | Provision for credit losses | 24,500 | | | — | | | — | | | 24,500 | | Non-interest income1 | 40,022 | | | 30,498 | | | (6,705) | | | 63,815 | | | Salaries and related costs | 61,887 | | | 14,994 | | | 7,922 | | | 84,803 | | Other segment expense2 | 103,095 | | | 15,890 | | | (8,378) | | | 110,607 | | Total non-interest expense1 | 164,982 | | | 30,884 | | | (456) | | | 195,410 | | | Income before taxes | $ | 176,113 | | | $ | 10,256 | | | $ | (11,208) | | | $ | 175,161 | | | | | | | | | | | For the Three Months Ended September 30, 2025 | | (Dollars in thousands) | Banking
Business Segment | | Securities Business Segment | | Corporate/Eliminations | | Axos Consolidated | | Net interest income | $ | 287,200 | | | $ | 8,194 | | | $ | (4,344) | | | $ | 291,050 | | | Provision for credit losses | 17,255 | | | — | | | — | | | 17,255 | | Non-interest income1 | 12,375 | | | 29,457 | | | (9,492) | | | 32,340 | | | Salaries and related costs | 55,340 | | | 14,750 | | | 6,515 | | | 76,605 | | Other segment expense2 | 73,153 | | | 14,617 | | | (8,129) | | | 79,641 | | Total non-interest expense1 | 128,493 | | | 29,367 | | | (1,614) | | | 156,246 | | | Income before taxes | $ | 153,827 | | | $ | 8,284 | | | $ | (12,222) | | | $ | 149,889 | | 1 Includes $10.3 million and $9.7 million for the three months ended September 30, 2026 and 2025, respectively, of non-interest income earned by the Securities Business Segment and non-interest expense incurred by the Banking Business Segment for cash sorting fees related to deposits sourced from Securities Business Segment customers. 2 Other segment expense includes the non-interest expenses other than salaries and related costs as presented in the Condensed Consolidated Statements of Income. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2026 | | (Dollars in thousands) | Banking
Business Segment | | Securities Business Segment | | Corporate/Eliminations | | Axos Consolidated | | Goodwill | $ | 82,378 | | | $ | 59,953 | | | $ | 2,203 | | | $ | 144,534 | | | Total Assets | $ | 29,919,862 | | | $ | 914,568 | | | $ | 10,531 | | | $ | 30,844,961 | | | | | | | | | | | As of June 30, 2026 | | (Dollars in thousands) | Banking
Business Segment | | Securities Business Segment | | Corporate/Eliminations | | Axos Consolidated | | Goodwill | $ | 82,378 | | | $ | 59,953 | | | $ | 1,999 | | | $ | 144,330 | | | Total Assets | $ | 29,031,564 | | | $ | 850,860 | | | $ | 79,445 | | | $ | 29,961,869 | |
Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2026 Form 10-K. | | | | | | | | | | | | | | | | | For the Three Months Ended | | | | September 30, | | | | (Dollars in thousands) | 2026 | | 2025 | | | | | | Advisory fee income | $ | 9,370 | | | $ | 8,525 | | | | | | | Broker-dealer clearing fees | 5,549 | | | 5,814 | | | | | | | Deposit service fees | 3,174 | | | 1,168 | | | | | | | Card fees and other | 1,197 | | | 516 | | | | | | | Banking and service fees | 601 | | | 569 | | | | | | | Non-interest income (in-scope of ASC 606) | 19,891 | | | 16,592 | | | | | | | Non-interest income (out-of-scope of ASC 606) | 43,924 | | | 15,748 | | | | | | | Total non-interest income | $ | 63,815 | | | $ | 32,340 | | | | | |
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