Axos Financial (AX) Q4 2025 Earnings Call Transcript
Axos Financial (NYSE:AX) reported Q4 ended June 30, 2025 results on an earnings call. Net loan growth was $856 million, net interest margin 4.84%, net interest income $280 million, deposits $20.8 billion, and net income $110.7 million. Adjusted diluted EPS was $1.87. Management projected mid-to-high single digits to low teens loan growth for fiscal 2026 and cited a lower CA tax rate starting Sept 2025.
How this was made
The 30-second read
Why it matters
Key disclosed datapoints include $856M net loan growth, 4.84% NIM, $280M net interest income, 0.79% nonaccrual ratio, and a planned tax-rate reduction to 26% to 27% starting the September 2025 quarter. Management also flagged potential margin pressure if funding costs rise with faster loan growth.
Market read
Traders can update valuation and positioning based on quantified earnings drivers (NIM, NII, deposits, credit) and a concrete earnings lever (California tax methodology change) plus an explicit margin-risk caveat.
What to watch
Adjusted EPS excludes items including a pretax gain from multifamily loan sales and a noncash deferred tax impairment; investors may reframe earnings quality versus core performance.
Background
This is a transcript-style summary of Axos Financial’s Q4 and fiscal 2025 earnings call, covering loan growth, NIM, deposits, credit quality, capital returns, and forward-looking operational initiatives.
Ticker impact
Axos Financial reported Q4 FY2025 results and disclosed net loan growth of $856M, NIM of 4.84%, and adjusted EPS of $1.87.
Near-term bias modestly positive, but investors may focus on the funding-cost risk tied to faster-than-target loan growth and the 2026 tax-rate change.
The article provides multiple quantified operating metrics (NII, NIM, deposits, nonaccruals) plus a specific forward-looking item (tax rate 26% to 27% starting Sept 2025 quarter) and an explicit margin risk statement about funding costs.
Market effects
Banking read-through: highlights how FDIC purchase-pool accretion and deposit growth can sustain NIM, while loan-growth acceleration can pressure funding costs.
California tax methodology change is a company-specific earnings lever that may slightly influence regional bank earnings expectations.
Limited global relevance; mostly US regional bank fundamentals and credit/margin dynamics.
Counterpoint
The headline profitability metrics may mask sensitivity to funding costs if loan growth outpaces targets, potentially offsetting NIM gains.
Key entities
- companyAxos Financial
Subject of the earnings call transcript, reporting Q4 FY2025 results and providing forward-looking commentary on margins, credit, AI-driven efficiency, and tax-rate changes.
- executiveGregory Garrabrants
CEO who discussed margin risk, AI cost-curve expectations, and M&A opportunity quality.
- executiveDerrick Walsh
CFO who covered financial and operational metrics such as NIM, deposits, and credit quality.
