Axos Financial, Inc.
For the period ended Oct 29, 2026. Filed Oct 29, 2026.
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Oct 29, 2026 · Filed Oct 29, 2026
Contents
EX-99.1 · Segment Reporting
Segment Reporting
The Company operates through two segments: the Banking Business Segment and the Securities Business Segment. In order to reconcile the two segments to the consolidated totals, the Company includes corporate activities and intercompany eliminations. Inter-segment transactions are eliminated in consolidation and primarily include 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.
The following tables present the operating results 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 income | 40,022 | 30,498 | (6,705) | 63,815 |
| Non-interest expense | 164,982 | 30,884 | (456) | 195,410 |
| Income before income 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 income | 12,375 | 29,457 | (9,492) | 32,340 |
| Non-interest expense | 128,493 | 29,367 | (1,614) | 156,246 |
| Income before income taxes | $153,827 | $8,284 | $(12,222) | $149,889 |
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