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AI brief of an SEC Form 8-K · Axos Financial (AX)

Axos Financial completes $2.3 billion Jenius Bank consumer deposit acquisition

Neutral Impact 4 of 5 m&a Written later

On May 2, 2026, Axos Bank completed its acquisition of all United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK, under a purchase and assumption agreement dated February 12, 2026. The bank acquired about $2.3 billion of deposits and received cash, less a negotiated premium. The filing does not state the premium amount or the effect on Axos's financial results.

Key points

  • Deal closed May 2, 2026, with about $2.3 billion of Jenius Bank deposits acquired
  • Seller is SMBC MANUBANK, parent of the Jenius Bank digital banking business
  • Agreement dated February 12, 2026, was filed as Exhibit 99.1 to an earlier 8-K on the same date

The filing

CompanyAxos Financial (AX)
Form8-K, current report
Filed with the SECMay 4, 2026, 8:31 AM ET
Accession number0001299709-26-000038

Items reported: 2.01 Acquisition or Disposition Completed

Read the filing on SEC.gov ↗

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 May 04, 2026.

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.