Q3 2025 Axos Financial Inc Earnings Call Transcript
Key Points
- Axos Financial Inc (AX) reported a 19% year-over-year increase in book value per share.
- The company achieved a 16% return on average common equity and a 1.8% return on average assets.
- Net interest income increased by 5.3% year-over-year to $275 million.
- Total on-balance sheet deposits grew by 5.4% year-over-year, reaching $20.1 billion.
- Axos Financial Inc (AX) successfully reduced nonaccrual loans, improving the nonaccrual loans to total loan ratio from 1.26% to 0.89%.
- Net interest margin decreased slightly from 4.83% to 4.78% compared to the previous quarter.
- Average loan yields declined from 8.37% to 7.99% quarter-over-quarter.
- Net annualized charge-offs to average loans increased from 7 basis points to 9 basis points year-over-year.
- The company experienced a decline in average loan yields for non-purchased loans, which stood at 7.66%.
- There was a noted increase in operating expenses, with noninterest expenses rising by $900,000 from the previous quarter.
Greetings, and welcome to the Axos Financial third-quarter 2025 earnings call and webcast. (Operator Instructions) As a reminder, this conference is being recorded.
It's now my pleasure to introduce your host, Johnny Lai, Senior Vice President, Corporate Development and Investor Relations. Please go ahead, Johnny.
Thank you, Kevin. Good afternoon, everyone, and thanks for joining us for today's third-quarter 2025 financial results conference call. Joining us today are the company's President and Chief Executive Officer, Greg Garrabrants; and Executive Vice President and Chief Financial Officer, Derrick Walsh. Greg and Derrick will review and comment on the financial and operating results for the three and nine months ended March 31, 2025, and we will be available to answer questions after the prepared remarks.
Before I begin, I would like to remind listeners that prepared remarks made on this call may contain forward-looking statements that
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