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Axos Financial AX Banking Business Segment — Provision for Credit Losses
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Where this comes from
Reported directly by Axos Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.
The source filing: Axos Financial’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:16 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001299709-26-000035
| (Dollars in thousands) | Banking Business Segment | Securities Business Segment | Corporate/Eliminations | Axos Consolidated |
|---|---|---|---|---|
| Net interest income | $303,445 | $7,860 | $(5,044) | $306,261 |
| Provision for credit losses | 41,000 | — | — | 41,000 |
| Non-interest income1 | 64,090 | 30,529 | (8,631) | 85,988 |
| Non-interest expense—Salaries and related costs | 59,988 | 14,394 | 7,189 | 81,571 |
| Non-interest expense—Other segment items2 | 92,689 | 15,122 | (3,429) | 104,382 |
| Total non-interest expense1 | 152,677 | 29,516 | 3,760 | 185,953 |
| Income before taxes | $173,858 | $8,873 | $(17,435) | $165,296 |
| For the Three Months Ended March 31, 2025 |
ITEM 1.FINANCIAL STATEMENTS
FAQ
- What is Axos Financial's banking business segment — provision for credit losses?
- Axos Financial (AX) reported banking business segment — provision for credit losses of $41M in Q1 2026.
- How has Axos Financial's banking business segment — provision for credit losses changed year-over-year?
- Axos Financial's banking business segment — provision for credit losses increased by 182.8% year-over-year, from $14.5M to $41M.
- What is the long-term trend for Axos Financial's banking business segment — provision for credit losses?
- Over 3 years (2022 to 2025), Axos Financial's banking business segment — provision for credit losses has grown at a 32.9% compound annual growth rate (CAGR), from $23.75M to $55.75M.
- What does banking business segment — provision for credit losses mean?
- This is an expense set aside as an allowance for uncollectible loans and credit exposures within the banking segment. It reflects management's assessment of the credit risk inherent in the loan portfolio based on current economic conditions and historical loss experience. An increase in this provision typically signals anticipated deterioration in asset quality or growth in the loan portfolio.
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