Axos Financial (AX) Tops Q4 EPS by 3c, Misses on Revenue

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Axos Financial, Inc. Reports Record Fiscal Year 2024 Results

July 30, 2024 4:05 PM EDT

LAS VEGAS--(BUSINESS WIRE)-- Axos Financial, Inc. (NYSE: AX) (Axos or the Company) today announced unaudited financial results for the fourth fiscal quarter ended June 30, 2024. Net income was $104.9 million, an increase of 20.1% from $87.4 million for the quarter ended June 30, 2023. Diluted earnings per share (EPS) were $1.80, an increase of $0.34, or 23.3%, as compared to diluted earnings per share of $1.46 for the quarter ended June 30, 2023.

Adjusted earnings and adjusted earnings per diluted common share (Adjusted EPS), non-GAAP measures described further below, increased $17.3 million to $106.7 million and increased $0.33 to $1.83, respectively, for the quarter ended June 30, 2024, compared to $89.4 million and $1.50,... More