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Axos Financial AX Business Segments

FY'25FY'24FY'23FY'22
Non-interest income by Business
Banking Business Segment$46.43M-66.6%$139.07M+229%$42.26M-30.6%$60.88M
Securities Business Segment$119.14M-7.7%$129.02M-8.6%$141.11M+120%$64.07M
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business
Banking Business Segment$631.31M-1.2%$638.71M+58.5%$402.89M+10.0%$366.14M
Securities Business Segment$32.94M-17.9%$40.14M-32.6%$59.58M+2,619%-$2.37M
Total Assets by Business
Banking Business Segment$92.98B+9.8%$84.65B+15.1%$73.55B+26.2%$58.29B+12.3%
Securities Business Segment$2.95B-6.3%$3.14B-10.1%$3.5B-34.9%$5.37B+15.9%
Net Interest Income by Business
Banking Business Segment$1.11B+17.2%$950.83M+22.5%$776.29M+29.9%$597.83M
Securities Business Segment$28.43M+8.5%$26.21M+24.5%$21.04M+19.7%$17.58M
Noninterest Expense by Business
Banking Business Segment$473.55M+13.1%$418.7M+7.0%$391.41M+45.6%$268.83M
Securities Business Segment$114.63M-0.4%$115.09M+12.2%$102.57M+22.1%$84.01M
Non-interest expense—Other segment items by Business
Banking Business Segment$265.63M+9.9%$241.63M-2.0%$246.55M
Securities Business Segment$55.19M-6.7%$59.14M+7.5%$55.01M
Salaries and related costs by Business
Banking Business Segment$207.91M+17.4%$177.07M+22.2%$144.86M
Securities Business Segment$59.44M+6.2%$55.95M+17.6%$47.57M
Goodwill by Business
Banking Business Segment$142.88M0.0%$142.88M0.0%$142.88M0.0%$142.88M0.0%
Securities Business Segment$239.81M-2.4%$245.81M-0.8%$247.82M+3.3%$239.81M+68.9%
Provision for Credit Losses by Business
Banking Business Segment$55.75M+71.5%$32.5M+34.0%$24.25M+2.1%$23.75M
Securities Business Segment$0$0$0$0
Non-interest income (in-scope ASC 606) by Product
Advisory fee income$31.79M+1.5%$31.34M+10.6%$28.32M+0.1%$28.31M
Technology and service fees$3.47M-41.2%$5.89M-3.6%$6.11M+97.1%$3.1M
Derivative, gain (loss) on derivative, net by Product
Banking and service fees-$2.46M-624%$470K-41.5%$803K$0
Mortgage Banking-$431K-155%$782K-14.6%$916K-70.7%$3.13M
Concentration risk percentage by Geography
California70.5%+1.2pp69.3%-2.1pp71.4%+0.8pp70.6%-1.9pp
FLORIDA19.5%+9.1pp10.4%-0.1pp10.5%
New York37.1%-1.8pp38.9%+1.4pp37.5%-3.0pp40.5%-13.7pp
TEXAS10.2%

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Questions, answered.

How does Axos Financial break its business down?
Axos Financial (AX) reports non-interest income by business across 2 parts — Banking Business Segment and Securities Business Segment. Each is extracted from the segment footnotes and tracked over time.
Where does Axos Financial's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Axos Financial's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.