Company Quick10K Filing
Axos Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 62 $1,594
10-Q 2020-01-29 Quarter: 2019-12-31
10-Q 2019-10-30 Quarter: 2019-09-30
10-K 2019-08-28 Annual: 2019-06-30
10-Q 2019-04-30 Quarter: 2019-03-31
10-Q 2019-01-29 Quarter: 2018-12-31
10-Q 2018-10-24 Quarter: 2018-09-30
10-K 2018-08-23 Annual: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-Q 2018-01-30 Quarter: 2017-12-31
10-Q 2017-10-25 Quarter: 2017-09-30
10-K 2017-08-24 Annual: 2017-06-30
10-Q 2017-04-25 Quarter: 2017-03-31
10-Q 2017-01-30 Quarter: 2016-12-31
10-Q 2016-10-27 Quarter: 2016-09-30
10-K 2016-08-25 Annual: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-Q 2016-01-28 Quarter: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-K 2015-08-26 Annual: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-Q 2015-01-29 Quarter: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-K 2014-08-28 Annual: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-Q 2014-02-05 Quarter: 2013-12-31
10-Q 2013-11-05 Quarter: 2013-09-30
10-K 2013-09-04 Annual: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-Q 2013-02-06 Quarter: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-K 2012-09-12 Annual: 2012-06-30
10-Q 2012-05-03 Quarter: 2012-03-31
10-Q 2012-02-02 Quarter: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-K 2011-09-13 Annual: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-Q 2011-02-03 Quarter: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-K 2010-09-21 Annual: 2010-06-30
10-Q 2010-04-29 Quarter: 2010-03-31
10-Q 2010-02-04 Quarter: 2009-12-31
8-K 2020-02-28 Regulation FD
8-K 2020-02-27 Amend Bylaw, Exhibits
8-K 2020-02-03 Regulation FD, Exhibits
8-K 2020-01-29 Earnings, Exhibits
8-K 2019-10-31 Regulation FD, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-10-25 Shareholder Vote
8-K 2019-08-19 Officers, Exhibits
8-K 2019-08-13 Regulation FD, Exhibits
8-K 2019-08-06 Other Events, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-03-07 Regulation FD
8-K 2019-01-30 Regulation FD, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2019-01-28 M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-11-16 M&A, Regulation FD, Exhibits
8-K 2018-10-29 Regulation FD, Exhibits
8-K 2018-10-25 Shareholder Vote
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-09-28 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-09-21 Regulation FD, Exhibits
8-K 2018-09-11 Amend Bylaw, Regulation FD, Exhibits
8-K 2018-08-08 Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-08-03 Enter Agreement, Regulation FD, Exhibits
8-K 2018-07-26 Regulation FD, Exhibits
8-K 2018-07-26 Regulation FD, Exhibits
8-K 2018-05-14 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-08 Regulation FD, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-04 Regulation FD, Exhibits
8-K 2018-01-31 Regulation FD, Exhibits
8-K 2018-01-30 Earnings, Exhibits
8-K 2018-01-09 Other Events, Exhibits

Axos Financial Financials

AX Metrics, Comps, Filings

Annual | Quarterly

Business

Axos Financial, Inc., is a financial holding company, a diversified financial services company with over $11.2 billion in assets that provides banking and securities products and services to its customers through its online and low-cost distribution channels and affinity partners. Axos Bank has deposit and loan customers nationwide including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. The Bank generates fee income from consumer and business products including fees from loans originated for sale and transaction fees earned from processing payment activity. Our securities products and services are offered through Axos Clearing LLC, formerly known as COR Clearing, LLC ("Axos Clearing"), acquired on January 28, 2019 and Axos Invest, Inc. (formally known as WiseBanyan, Inc.) ("Axos Invest"), acquired on February 26, 2019, which generate interest and fee income by providing comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Axos Clearing is a clearing broker-dealer registered with the SEC and the Financial Industry Regulatory Authority, Inc. ("FINRA"). Axos Invest is a Registered Investment Advisor under the Investment Advisers Act of 1940, that is registered with the SEC. WiseBanyan Securities LLC, an introducing broker-dealer that is registered with the SEC and FINRA was acquired together with Axos Invest on February 26, 2019. Axos Financial, Inc.'s common stock is listed on the New York Stock Exchange and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index.

At June 30, 2019, we had total assets of $11,220.2 million, loans of $9,420.2 million, investment securities of $227.5 million, total deposits of $8,983.2 million and borrowings of $627.4 million. Because we do not incur the significantly higher fixed operating costs inherent in a branch-based distribution system, we are able to rapidly grow our deposits and assets by providing a better value to our customers and by expanding our low-cost distribution channels.

Our business strategy is to grow our loan and lease originations and our deposits to achieve increased economies of scale and reduce the cost of products and services to our customers by leveraging our distribution channels and technology. We have designed our online banking platform and our workflow processes to handle traditional banking functions with elimination of duplicate and unnecessary paperwork and human intervention. Our charter allows us to operate in all fifty states, and our online presence allows us increased flexibility to target a large number of loan and deposit customers based on demographics, geography and service needs. Our low-cost distribution channels provide opportunities to increase our core deposits and increase our loan originations by attracting new customers and developing new and innovative products and services. Our securities clearing and custody and digital wealth management platforms provide a comprehensive set of technology, clearing, cash management and lending services targeted at independent registered investment advisors and introducing broker-dealers, principals and clients of advisory firms and individuals not affiliated with an investment advisor. Our plan to integrate our clearing and wealth management platforms with our banking platform, will create an easy to use platform for customers banking and investing needs. Over time we expect our Securities Business to generate additional low-cost deposits, which would be available to fund the Banking Business.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Capitol Federal Financial (CFFN) 1,956 0% 7.0 1% 9,340 8,004 17 0 94 244 1,702
LegacyTexas Financial (LTXB) 1,892 5.6 2% 9,936 8,793 0 99 157 289 1,629
Flagstar Bancorp (FBC) 2,156 0% 4.9 1% 22,048 20,314 858 0 214 463 2,264
Columbia Financial (CLBK) 1,806 0% 18.5 1% 7,070 6,078 3 0 56 155 2,877
Provident Financial Services (PFS) 1,620 0% 5.8 1% 9,918 8,521 31 0 122 235 1,359
Axos Financial (AX) 1,703 0% 2.5 1% 11,771 10,655 32 0 159 405 1,000
Oceanfirst Financial (OCFC) 1,193 5.9 1% 8,135 6,991 0 0 92 175 1,037
Kearny Financial (KRNY) 1,149 7.1 1% 6,641 5,530 0 0 42 144 1,020
Brookline Bancorp (BRKL) 1,187 9.5 1% 7,878 6,946 0 0 88 209 1,995
Meta Financial Group (CASH) 1,262 0% 7.5 2% 6,183 5,339 487 0 100 179 1,352
Beneficial Bancorp (BNCL) 1,034 2.6 1% 5,807 4,757 0 0 34 69 181
Northfield Bancorp (NFBK) 794 0% 8.8 1% 4,808 4,118 4 0 30 82 724
Dime Community Bancshares (DCOM) 775 0% 5.3 1% 6,425 5,816 4 0 42 124 662
Access National (ANCX) 571 0% 8.5 1% 3,021 2,579 9 0 27 53 446
First Defiance Financial (FDEF) 575 5.2 1% 3,351 2,933 0 0 49 90 463
Sterling Bancorp (SBT) 518 2.7 2% 3,322 2,971 0 0 59 136 371
Waterstone Financial (WSBF) 460 16.2 1% 2,005 1,618 0 0 27 56 910
HomeTrust Bancshares (HTBI) 463 0% 5.0 1% 3,655 3,242 8 0 28 69 346
Farmers & Merchants Bancorp (FMAO) 314 5.9 1% 1,575 1,347 0 0 17 34 200
Territorial Bancorp (TBNK) 282 0% 5.3 1% 2,086 1,840 2 0 23 48 253

Balance Sheet ($MM)2012-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Cash177355878857
Accounts Receivable188
Inventory
PP&E4914172175
Assets2155437428,5029,54011,220
Accounts Payable
Long-Term Debt169
Liabilities89597,6678,57910,147
Stockholders' Equity2075346848349611,073
Income Statement ($MM)2012-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Revenue28
Cost of Revenue
Gross Profit
R&D
SG&A36791615
Tax206889988764
Net Income2983119135152155
Cash Flow ($MM)2012-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Cash Operating-0-7-3224168204
Cash Investing-22-55-16-821-1,026-932
Cash Financing338274754837962