Axos Financial, Inc. reported a net income of $490.4 million for the fiscal year ended June 30, 2026, a 13.3% increase from the $432.9 million reported in the prior fiscal year. This growth was driven by a 10.7% increase in net interest income, which rose to $1.25 billion from $1.13 billion in fiscal year 2025. The company's total assets grew by 20.9% to $30.0 billion as of June 30, 2026, up from $24.8 billion at the end of fiscal year 2025, primarily due to an increase in net loans.
Significant strategic developments during the fiscal year included the acquisition of Verdant Commercial Capital, LLC on September 30, 2025, which expanded the company's equipment leasing business, and the acquisition of approximately $3.2 billion in deposits from Capital One, National Association, and $2.3 billion in deposits from Jenius Bank. These acquisitions contributed to the growth in total deposits, which increased by 18.0% to $24.6 billion as of June 30, 2026, compared to $20.8 billion in the previous year. The company also purchased a commercial office complex in San Diego for approximately $125 million, intended for future headquarters.
Operationally, Axos Financial saw an increase in its employee headcount to 2,191 full-time employees as of June 30, 2026, up from 1,989 in the prior year, reflecting business expansion. The company's loan portfolio grew by 21.6% to $25.6 billion net of allowance for credit losses. Non-interest income saw a substantial increase of 78.2% to $233.6 million, largely due to operating lease income from the Verdant acquisition and a favorable legal settlement.
Looking ahead, Axos Financial stated that it views its liquidity sources as stable and adequate for its anticipated needs and contingencies. The company maintains a contingency funding plan and performs liquidity stress tests to ensure sufficient funds to meet ongoing obligations, particularly in stressed environments. Management believes it has the ability to increase its level of deposits and has access to other potential funding sources for the foreseeable future.
About Axos Financial, Inc.
Axos Financial, Inc. is a technology-driven financial services company offering digital banking, lending, securities clearing, custody, and investment advisory services. Its banking segment provides consumer and commercial deposit and loan products nationwide, including residential and commercial mortgages, auto loans, and business loans. The securities segment serves independent advisors and broker-dealers with clearing, custody, and trading platforms. Axos leverages scalable technology and low-cost distribution to deliver secure, customer-focused financial solutions.
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