NEW YORK, June 12, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in  Axos Financial, Inc. (NYSE: AX) ("Axos" or "the Company"). The focus of the investigation is to whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On June 4 ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency ...

NEW YORK, June 8, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra ...

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: AX) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX) on behalf of Axos stockholders. Our investigation concerns whether Axos has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On June 4, 2024, Hindenburg Research released a report about Axos. This report ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Axos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On June 4, 2024, Hinde ...

ATLANTA, June 05, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Axos Financial, Inc. ("Axos Financial" or the "Company") (NYSE:AX) complied with federal securities laws. On June 4, 2024, Hindenburg Research published a report alleging, among other things, that Axos Financial's "rosy-looking credit metrics show signs of manipulation or distortion." Following this news, the price of the Company's stock dropped. If you purchased Axos Financial stock and suffered a loss on that investme ...

ATLANTA, June 05, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Axos Financial, Inc. (“Axos Financial” or the “Company”) (NYSE: AX) complied with federal securities laws. On June 4, 2024, Hindenburg Research published a report alleging, among other things, that Axos Financial’s “rosy-looking credit metrics show signs of manipulation or distortion.” Following this news, the price of the Company’s stock dropped. If you purchased Axos Financial stock and suffered a loss on that investm ...

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Axos Financial, Inc. (NYSE: AX) investors who suffered substantial losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/ax Contact the Firm Now: AX@hbsslaw.com                                      844-916-0895 Axos Financial, Inc. (AX) Investigation: Activist short seller Hindenburg Research has taken aim at Axos Financial (NYSE: AX), alleging the San Diego-based regional bank has concealed known risks about its lending ...

Financial Data and Key Metrics Changes - The company reported net income of $111 million and diluted earnings per share of $1.91 for Q3 2024, representing year-over-year growth of 38.7% and 45% respectively [7] - Tangible book value per share increased to $35.46, up 27% from the previous year [7] - Net interest margin was 4.87%, up 32 basis points from the previous quarter and up 45 basis points year-over-year [8][19] Business Line Data and Key Metrics Changes - Ending loans for investment were $18.7 billion, up 2.6% linked quarter and 10.4% annualized, with growth in non-real estate lender finance and single-family warehouse [7] - Average loan yield increased to 8.65%, up 47 basis points from the prior quarter and 158 basis points year-over-year [11] - Non-interest income, excluding one-time gains, was up 4.5% from Q2 to Q3 due to higher mortgage banking income [9] Market Data and Key Metrics Changes - Deposits grew by approximately $900 million linked quarter, representing a 20% annualized growth rate [18] - Total assets under custody increased to $35 billion, up from $34.4 billion at the end of the previous quarter [26] - Non-performing loans in the commercial specialty real estate portfolio remained stable at approximately $26 million [15] Company Strategy and Development Direction - The company aims to transition its small business banking platform to a universal digital bank, enhancing user experience and operational efficiency [23][24] - There is a focus on adding new assets from existing and new advisors to grow assets under custody and cash balances [21] - The company is exploring acquisition opportunities in various business lines as banks pare back operations [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining loan growth despite economic uncertainties, with a solid loan pipeline of $1.7 billion [30] - The company remains well-positioned to outperform peers in loan, deposit, and earnings growth, supported by strong liquidity and capital ratios [27] - Management acknowledged potential margin compression in commercial specialty real estate but expects to continue loan growth at organic margins [40] Other Important Information - Non-interest expenses increased by $11.3 million linked quarter due to seasonal payroll increases and higher FDIC insurance expenses [22] - The company has successfully onboarded new leaders in commercial deposits and lending, which is expected to diversify and grow the business [22] Q&A Session Summary Question: Hiring pipeline and focus areas - Management indicated a stable hiring environment with a focus on recruiting deposit talent, expecting personnel expense increases to moderate [33] Question: Capital priorities and buybacks - Management noted that while the stock price is low relative to earnings, they are open to buybacks but also focused on organic growth and acquisition opportunities [36] Question: M&A opportunities - Management is actively looking for opportunities in business lines where banks are exiting, including insurance premium finance [38] Question: Deposit growth and funding - Management highlighted strong performance in commercial lines and cross-selling efforts that help offset deposit costs [44] Question: Loan repayment expectations - Management expects turnover in certain loan categories due to high rates but remains confident in the diversity of the loan origination platform [56] Question: Fee income growth in securities business - Management acknowledged challenges in the securities business due to client attrition but is optimistic about future growth with new advisor acquisitions [66]