Axos Financial : Investor Presentation January 2025

Published: 2025-01-29 21:56:05 ET AX

Axos Financial, Inc. Investor Presentation

January 29, 2025

NYSE: AX

Axos Financial's Three Divisions Provide the Foundation for Sustained Long-term Growth

Investment Thesis

Consumer

Banking

Securities Commercial Banking

3

Axos is a Top Performer Versus Bank Peer Group

Axos Bank

Peer Group1

Percentile

ROAA

1.71%

0.54%

93%

Return on Equity

17.12%

5.24%

93%

NIE/Avg Assets

2.01%

2.36%

28%

Net Interest Income

4.56%

2.53%

96%

Efficiency Ratio

43.05%

77.00%

6%

The 93% on ROE means that the Bank outperformed 93% of all banks. The 6% efficiency ratio ranking means that only 6% of banks have lower expenses in comparison to their revenues.

Source: Uniform Bank Performance Report (UBPR) as of September 30, 2024; data retrieved January 28, 2025.

4

Note 1: Peer group is all savings banks with assets greater than $1 billion for quarter ended September 30, 2024.

Consolidated Fiscal Second Quarter 2025 Highlights Compared with Fiscal Second Quarter 2024

Asset Growth

Deposit Growth

$ Millions

$ Millions

10%

10%

Q2 2025

Net Income

Diluted EPS

$ Millions

$ Diluted EPS

16%

15%

1.56*

90.5*

Return on Equity = 16.97%

Return on Assets = 1.74%

*Excluding the one-time gain and the provision for credit losses associated with the FDIC Loan Purchase in the prior year quarter, net 5 income and diluted EPS increased by 16% and 15%, respectively

Diluted EPS and Book Value Per Share Have Been

Consistently Strong

Diluted EPS (FY)

Book Value Per Share (FY)

$ Per Share

$ Per Share

18.2% CAGR

25.3% CAGR

6

Expanding Net Interest Margin Through a Variety of Interest Rate Cycles1

4.35%

Note 1: The Company partnered with H&R Block Bank (HRB) to provide HRB branded financial products. The partnership was terminated December

7

8, 2020. NIM excludes impact of HRB.

Interest Rate Sensitivity of Loans & Deposits

As of December 31, 2024

Loans

Deposits

Non-Time Deposits by Interest

Rate

(Dollars in Thousands)

Interest Rate

Total

0% ~ 2%

$

5,660,838

2% ~ 4%

$

10,471,203

4% ~ 6%

$

2,932,396

$

19,064,437

8

Loan Growth by Category

$ Millions

Q2 FY25

Q1 FY25

Inc (Dec)

Loans

Single Family

Mortgage &

Warehouse

Multifamily &

Commercial

Mortgage

Commercial Real Estate

Commercial &

Industrial

Non-RE

Auto &

Consumer

Jumbo Mortgage

$

SF Warehouse Lending

Multifamily

Small Balance Commercial

CRE Specialty

Lender Finance RE

Lender Finance Non-RE

Asset-Based and Cash Flow

Lending

Capital Call Facilities

Auto

Unsecured/OD

Other

$

3,641

$

3,807

$

(166)

509

345

164

2,148

2,363

(215)

1,283

1,284

(1)

5,301

5,378

(77)

914

878

36

2,492

2,331

161

2,041

1,968

73

1,277

1,056

221

375

373

2

44

42

2

1

1

-

20,026

$

19,826

$

200

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Holistic Credit Risk Management

What We Do

Utilize a holistic credit-risk management framework to manage and monitor credit quality at each stage of the loan life cycle, and leverage specialized Credit Tools to optimize monitoring and reporting capabilities

Loan Life

Cycle

Axos Credit Objectives

Example of Credit Tools

Credit Monitoring & Oversight

Set Appetite



Originations



Portfolio



Reporting



Special

Management

Assets

Establish Credit

Safe Growth

Monitor Assets

Data-Driven

Mitigate

Framework and

Throughout

Decision

Problem Loans

Culture

Life Cycle

Making

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Note: Credit Tools list is a sampling and is not purported to be comprehensive.

Disclaimer

Axos Financial Inc. published this content on January 29, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on January 30, 2025 at 02:55:02.205.