Here's What Key Metrics Tell Us About Axos Financial (AX) Q2 Earnings

Core Insights - Axos Financial reported a revenue of $307.9 million for the quarter ended December 2024, which is a decrease of 12.7% compared to the same period last year [1] - The earnings per share (EPS) for the quarter was$ 1.82, an increase from $1.60 in the year-ago quarter [1] - The reported revenue exceeded the Zacks Consensus Estimate of$ 303.64 million, resulting in a surprise of +1.40% [1] - The company also delivered an EPS surprise of +3.41%, with the consensus EPS estimate being $1.76 [1] Financial Metrics - The efficiency ratio was reported at 47.2%, better than the four-analyst average estimate of 48.4% [4] - The net interest margin stood at 4.8%, slightly above the average estimate of 4.7% based on four analysts [4] - Net annualized charge-offs to average loans were 0.1%, matching the three-analyst average estimate [4] - Total non-interest income was reported at$ 27.80 million, below the average estimate of $31.91 million based on four analysts [4] - Net interest income was$ 280.10 million, exceeding the average estimate of $272 million from four analysts [4] Stock Performance - Over the past month, shares of Axos Financial have returned +2.3%, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [3]