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Axos Financial AX Provision for Credit Losses

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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$5.78B+20.3%
P/E12.1×+1.0×
P/S4.1×+0.2×

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:OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal.

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)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Balance at January 1,$15,641$13,223
Provision (benefit) for credit losses - unfunded lending commitments2,232750
Balance at March 31,$17,873$13,973
Nine Months Ended March 31,
(Dollars in thousands)20262025
Balance at July 1,$10,891$10,223
Provision (benefit) for credit losses - unfunded lending commitments6,9823,750
Balance at March 31,$17,873$13,973

ITEM 1.FINANCIAL STATEMENTS

FAQ

What is Axos Financial's provision for credit losses?
Axos Financial (AX) reported provision for credit losses of $2.23M 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 197.6% year-over-year, from $750K to $2.23M.
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?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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