Axos Financial Inc
For the period ended Dec 31, 2023. Filed Jan 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 30, 2024
AX$92.17-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Dollars in thousands, except par and stated value) | December 31, 2023 | June 30, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $1,568,768 | $2,233,027 |
| Cash segregated for regulatory purposes | 194,955 | 149,059 |
| Total cash, cash equivalents and cash segregated | 1,763,723 | 2,382,086 |
| Trading securities | 329 | 758 |
| Available-for-sale securities | 239,812 | 232,350 |
| Stock of regulatory agencies | 21,534 | 21,510 |
| Loans held for sale, carried at fair value | 13,468 | 23,203 |
| Loans held for sale, lower of cost or fair value | — | 776 |
| Loans—net of allowance for credit losses of $251,749 as of December 31, 2023 and $166,680 as of June 30, 2023 | 18,264,354 | 16,456,728 |
| Servicing rights, carried at fair value | 28,043 | 25,443 |
| Securities borrowed | 145,176 | 134,339 |
| Customer, broker-dealer and clearing receivables | 265,857 | 374,074 |
| Goodwill and other intangible assets—net | 146,793 | 152,149 |
| Other assets | 734,675 | 545,053 |
| TOTAL ASSETS | $21,623,764 | $20,348,469 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Non-interest bearing | 2,833,657 | 2,898,150 |
| Interest bearing | 15,370,255 | 14,224,958 |
| Total deposits | 18,203,912 | 17,123,108 |
| Advances from the Federal Home Loan Bank | 90,000 | 90,000 |
| Borrowings, subordinated notes and debentures | 341,086 | 361,779 |
| Securities loaned | 155,492 | 159,832 |
| Customer, broker-dealer and clearing payables | 368,885 | 445,477 |
| Accounts payable and other liabilities | 386,165 | 251,114 |
| Total liabilities | 19,545,540 | 18,431,310 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock—$0.01 par value; 150,000,000 shares authorized; 69,828,709 shares issued and 56,898,377 shares outstanding as of December 31, 2023; 69,465,446 shares issued and 58,943,035 shares outstanding as of June 30, 2023 | 698 | 695 |
| Additional paid-in capital | 493,268 | 479,878 |
| Accumulated other comprehensive income (loss)—net of income tax | (3,919) | (6,610) |
| Retained earnings | 1,970,025 | 1,735,609 |
| Treasury stock, at cost; 12,930,332 shares as of December 31, 2023 and 10,522,411 shares as of June 30, 2023 | (381,848) | (292,413) |
| Total stockholders’ equity | 2,078,224 | 1,917,159 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $21,623,764 | $20,348,469 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.