Axos Financial beats Q2 profit estimates

Axos Financial

29/01/2026 21:16

Overview

Banking firm's fiscal Q2 adjusted EPS beat analysts' expectations

Net interest income rose 18.4% yr/yr

Non-interest income surged 92% yr/yr, boosted by Verdant acquisition

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Axos reported strong net interest income growth due to organic loan growth and FDIC-purchased loan prepayments, per CEO Greg Garrabrants

VERDANT ACQUISITION - Non-interest income surged due to operating lease rental and other income from Verdant acquisition, per CFO Derrick Walsh

LOAN GROWTH - Ending net loan balances rose by $1.6 bln linked quarter due to growth in commercial real estate, capital calls, single-family warehouse, and equipment leasing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$2.25
$2.09 (6 Analysts)
Q2 EPS
$2.22
Q2 Adjusted Net Income
Beat
$130.17 mln
$120.60 mln (6 Analysts)
Q2 Net Income
$128.4 mln
Q2 Net Interest Income
$331.71 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Axos Financial Inc is $106.00, about 15.4% above its January 28 closing price of $91.86

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw26KHq4a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)