Axos Financial Q3 net income rises 18.5% to $124.7 million
Axos Financial reported unaudited net income of $124.7 million, or $2.15 diluted EPS, for the fiscal third quarter ended March 31, 2026, up from $105.2 million and $1.81 a year earlier. The results include a one-time $22.0 million favorable legal settlement; excluding non-GAAP adjustments, adjusted EPS was $1.90, up 5.0% from $1.81. Shareholders get higher reported profit, though the provision for credit losses rose to $41.0 million from $14.5 million.
Key points
- Net income was $124.7 million versus $105.2 million a year earlier, up 18.5%
- Diluted EPS was $2.15 versus $1.81; adjusted EPS (non-GAAP) was $1.90 versus $1.81
- Net interest income rose 11.2% to $306.3 million; non-interest income included a $22.0 million one-time legal settlement
- Provision for credit losses was $41.0 million versus $14.5 million; the Jenius Bank deposit acquisition is expected to close in the June 2026 quarter
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.