Axos net income rises 13.27% to $490.37 million in FY26
AX•Balance sheet growth
Total assets rose to $29.96 billion. Deposits increased to $24.57 billion, aided by the $2.3 billion Jenius consumer deposit acquisition.
Credit and expense metrics
Provision for credit losses increased to $101.11 million. Net charge-offs to average loans outstanding widened to 0.18% from 0.13%.
Non-interest income jumped 78.2% to $233.58 million, while non-interest expense grew 24.3% to $732.72 million.
FY26 earnings and revenue trends
Axos Financial posted GAAP net income of $490.37 million in FY26, up 13.27%, while diluted EPS climbed to $8.48.
Net interest income rose to $1.25 billion. Net interest margin narrowed to 4.7% from 4.9%.
