Axos Financial Q2 net income falls 31% to $104.7 million on prior-year gain
Axos Financial reported fiscal second-quarter net income of $104.7 million, or $1.80 per diluted share, for the quarter ended December 31, 2024, down from $151.8 million and $2.62 a year earlier. The prior-year period included a $92.4 million one-time gain on the FDIC Loan Purchase, while net interest income rose 22.5%, and non-GAAP adjusted EPS increased 13.8% to $1.82.
Key points
- Net income was $104.7 million and diluted EPS was $1.80, versus $151.8 million and $2.62 for the quarter ended December 31, 2023.
- The prior-year quarter included a $92.4 million gain on the FDIC Loan Purchase.
- Adjusted EPS (non-GAAP) rose 13.8% to $1.82 from $1.60.
- Net interest income rose 22.5% to $280.1 million, while non-interest income fell to $27.8 million from $124.1 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.