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Axos Financial AX Provision for Credit Losses

Provision for Credit Losses at other companies

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Segments

By segment

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Banking Business Segment$41M+183%
Securities Business Segment$0

Other financials

Income statement

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Revenue$392.2M+27.0%
Net income$124.7M+18.5%
EPS (diluted)$2.15+18.8%

Balance sheet

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Cash & equivalents$1.4B-40.1%
Total debt$371.8M-5.1%
Total equity$3.1B+17.7%
Total assets$29.2B+22.0%

Cash flow

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Operating cash flow$42.0M-43.0%
CapEx$143.3M+1,575%
Free cash flow$85.4M-45.4%

Valuation

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Market cap$5.01B+30.9%
P/E10.5×+1.6×
P/S3.5×+0.4×

Profitability

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Net margin33.5%-1.3pp
FCF margin31.5%+3.2pp

Returns & leverage

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Return on equity16.8%-1.0pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Axos Financial in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

The official record: Axos Financial’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axos Financial's provision for credit losses?
Axos Financial (AX) reported provision for credit losses of $41M in Q1 2026.
How has Axos Financial's provision for credit losses changed year-over-year?
Axos Financial's 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 provision for credit losses?
Over 3 years (2022 to 2025), Axos Financial's provision for credit losses has grown at a 32.9% compound annual growth rate (CAGR), from $23.75M to $55.75M.
What does provision for credit losses mean?
This represents the periodic charge to earnings intended to maintain the allowance for credit losses at a level sufficient to cover estimated future losses in the loan portfolio. It serves as a primary indicator of management's assessment of credit risk and the expected collectability of the bank's assets. Higher provisions typically signal deteriorating credit quality or growth in the loan book.