Every material Form 8-K Axos Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Axos Financial disclosed that David Park informed the company on December 15, 2025 of his resignation as President, Head of Commercial Bank at Axos Bank, a subsidiary, effective at a later date not specified in the filing. The company said the resignation was not due to any disagreement on any matter relating to the company.
David Park notified Axos Financial of his resignation on December 15, 2025.
His role is President, Head of Commercial Bank at Axos Bank, a subsidiary of the company.
The filing states no disagreement with the company led to the resignation.
The filing does not give an effective date or name a successor.
Axos Financial reported fiscal first quarter 2026 results for the period ended September 30, 2025, with net income of $112.4 million, essentially unchanged from a year earlier, and diluted EPS of $1.94 versus $1.93. Adjusted EPS rose 5.6% to $2.07, while net interest income fell 0.3% and the provision for credit losses rose to $17.3 million, driven partly by the Verdant acquisition. Shareholders get modest EPS growth, but net interest margin narrowed to 4.75% from 4.84% in the prior quarter.
Net income was $112.4 million and diluted EPS was $1.94, compared with $112.3 million and $1.93 a year earlier.
Adjusted EPS, a non-GAAP measure, rose to $2.07 from $1.96 a year earlier.
Ending net loans were $22.6 billion at September 30, 2025, including $1.0 billion from the Verdant acquisition, which closed September 30, 2025, and $565.2 million of organic net loan growth.
Net interest margin was 4.75%, down from 4.84% in the June 30, 2025 quarter; provision for credit losses was $17.3 million versus $14.0 million a year earlier.
Axos Financial, Inc. completed the sale of $200 million in 7.00% fixed-to-floating rate subordinated notes due 2035 on September 19, 2025. The notes carry a fixed 7.00% rate until October 1, 2030, then a floating rate of Three-Month Term SOFR plus 379 basis points, and they rank junior to the company's senior indebtedness.
Principal amount: $200 million, sold through Keefe, Bruyette & Woods, Inc. as underwriting representative
Fixed 7.00% interest, payable semi-annually from April 1, 2026, until October 1, 2030
Floating rate of Three-Month Term SOFR plus 379 basis points from October 1, 2030 to maturity on October 1, 2035
Notes are unsecured and subordinated, redeemable at 100% of principal from October 1, 2030
Axos Financial priced a $200 million offering of 7.00% fixed-to-floating rate subordinated notes due 2035, with expected net proceeds of approximately $197.2 million and closing expected on or about September 19, 2025. The company plans to use the proceeds to redeem its $160.5 million of outstanding 4.875% notes due 2030 on October 1, 2025, and for growth initiatives and general corporate purposes, which refinances existing debt and adds new long-term subordinated borrowing.
$200 million of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035 priced at 100% of principal amount; Keefe, Bruyette & Woods is representative of the underwriters.
Estimated net proceeds of approximately $197.2 million after 1.25% underwriting discounts and expenses; closing expected on or about September 19, 2025.
Proceeds intended to redeem all $160.5 million of outstanding 4.875% notes due October 1, 2030; the redemption is conditional on Axos completing financing actions.
Notes are callable at par from October 1, 2030; floating-rate interest thereafter is Three-Month Term SOFR plus 379 basis points.
Axos Financial reported unaudited results for the fiscal fourth quarter ended June 30, 2025, with net income of $110.7 million, or $1.92 per diluted share, up from $104.9 million, or $1.80, a year earlier. Full-year net income fell to $432.9 million from $450.0 million, a decline the company ties to a one-time $92.4 million pre-tax gain from the FDIC Loan Purchase in fiscal 2024, while full-year adjusted EPS rose 11.3% to $7.50.
Fourth-quarter net loan growth of $856 million; ending net loans were $21.0 billion at June 30, 2025
Net interest margin was 4.84% for the quarter, up from 4.78% in the prior quarter
Non-interest expense rose $10.1 million to $150.7 million, mainly from higher salaries and data processing costs
Company expects its effective tax rate to fall by three percentage points starting with the period ending September 30, 2025
Axos Financial reported fiscal third-quarter 2025 results for the period ended March 31, 2025, with net income of $105.2 million and diluted EPS of $1.81, both down from the prior-year quarter. Net loan growth exceeded $700 million, and the company repurchased about $28 million of stock in the quarter plus another $30 million from April 1 to April 30, 2025.
Net income was $105.2 million, down 5.0% from $110.7 million a year earlier; diluted EPS was $1.81, versus $1.91
Adjusted EPS was $1.81, versus $1.94 in the same quarter last year
Net interest income rose 5.3% to $275.5 million, while the provision for credit losses rose to $14.5 million from $6.0 million
Repurchased about $28 million of common stock in the quarter and another $30 million from April 1 to April 30, 2025
Axos Financial entered an Equity Distribution Agreement on January 28, 2025, allowing it to sell common stock worth up to $150 million through KBW and Raymond James as sales agents. Sales would be made at market prices on the New York Stock Exchange, and the company would pay the agents a 2.5% commission on gross proceeds, so the deal could add new shares and dilute existing holders if used.
Agreement covers common stock with an aggregate offering price of up to $150,000,000, sold from time to time
Minimum amount per calendar quarter designated to one agent is $5,000,000
Distribution Agents receive a commission equal to 2.5% of gross proceeds
Company may suspend or terminate the offering, and the filing does not state any shares sold yet
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.
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.
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