Axos Financial Q3 adjusted EPS misses analyst expectations

Axos Financial

30/04/2026 21:41

Overview

US digital bank's fiscal Q3 adjusted EPS missed analyst expectations

Adjusted net income for Q3 also missed analyst expectations

Company cites strong loan growth and expense discipline for yr/yr profit gains

Outlook

Axos expects Jenius Bank deposit acquisition to close in June qtr, optimizing funding

Company prepares for additional organic loan growth following deposit acquisition

Result Drivers

LOAN GROWTH - Co said strong loan growth contributed to higher net interest income

NON-INTEREST INCOME - Increase driven by one-time favorable legal settlement and Verdant acquisition, as well as higher advisory and mortgage banking fees

EXPENSE DISCIPLINE - Modest rise in non-interest expense linked quarter due to lower salaries and operational efficiencies

Company press release: ID:nBw8FhKN4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
$1.90
$2.12 (5 Analysts)
Q3 EPS
$2.15
Q3 Adjusted Net Income
Miss
$110.22 mln
$122.41 mln (5 Analysts)
Q3 Net Income
$124.68 mln
Q3 Net Interest Income
$306.26 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 $110.00, about 15.9% above its April 29 closing price of $94.90

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)