Axos Financial stock gains on strong fiscal 2026 results and deposit growth

Published on 09/19/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axos Financial stock is backed by robust fiscal 2026 figures, with net income up 13.3 percent year over year as of June 30, 2026. The bank also lifted deposits by 17.9 percent and expanded loans, underlining its digital growth story.

AX, US05462W1099, Illustration mit AI erstellt.

Axos Financial, Inc. stock (ISIN US05462W1099) is trading against a backdrop of strong fiscal 2026 results, with net income rising to USD 490.4 million for the year ended June 30, 2026, up 13.3 percent from USD 432.9 million a year earlier, and diluted EPS increasing 14.1 percent to USD 8.48 over the same period according to StockTitan on August 29, 2026.

Fiscal 2026 earnings underpin Axos Financial stock

Per the earnings release dated July 30, 2026, Axos reported net income of USD 124.9 million in the fourth fiscal quarter ended June 30, 2026, an increase of 12.9 percent from USD 110.7 million in the prior-year quarter, while diluted EPS rose from USD 1.92 to USD 2.16 over the same period according to StockTitan.

Adjusted earnings, a non-GAAP measure that strips out acquisition-related and legal items, climbed 30.7 percent year on year to USD 146.2 million in the quarter, and adjusted EPS increased 30.4 percent from USD 1.94 to USD 2.53, highlighting that underlying profitability grew faster than reported GAAP results as outlined by StockTitan.

Loan growth, deposits and credit quality support the story

Axos ended the fiscal year with total assets of USD 30.0 billion as of June 30, 2026, up 20.9 percent from USD 24.8 billion at June 30, 2025, driven mainly by higher loans and available-for-sale securities, according to StockTitan.

Net loans reached USD 25.6 billion at June 30, 2026, compared with USD 21.0 billion a year earlier, representing loan growth of about USD 4.55 billion, while total deposits rose 17.9 percent to USD 24.6 billion from USD 20.8 billion, helped by approximately USD 2.3 billion of deposits from the Jenius Bank acquisition completed in May 2026, as detailed by StockTitan.

Non-performing assets declined in relative terms, with non-performing assets to total assets improving to 0.53 percent as of June 30, 2026 from 0.71 percent as of June 30, 2025, and allowance for credit losses to non-accrual loans rising to 221.1 percent from 170.2 percent, indicating that Axos increased its loss reserves relative to problem loans, according to data summarized by StockTitan.

Efficiency, capital and acquisitions shape investor view

On the income side, net interest income increased 13.5 percent to USD 317.9 million in the fourth quarter of fiscal 2026 from USD 280.2 million in the prior-year quarter, supported by higher interest income on loans, while non-interest income jumped 49.9 percent to USD 61.9 million from USD 41.3 million, partly thanks to Verdant Commercial Capital and higher prepayment penalties as reported by StockTitan.

Non-interest expense rose to USD 205.9 million in the quarter from USD 150.7 million a year earlier, an increase of 36.6 percent, largely reflecting a USD 21.0 million accrual for a FINRA arbitration matter, higher amortization and depreciation tied to acquisitions, and higher personnel costs, according to StockTitan.

For investors, the balance between investing for growth and managing costs is visible in Axos efficiency metrics: the overall efficiency ratio for fiscal 2026 stood at 49.49 percent, slightly higher than 46.84 percent in fiscal 2025, while the banking business segment efficiency ratio was 42.19 percent versus 40.80 percent a year earlier, data that underscore a modest rise in operating expense relative to revenue and non-interest income, according to StockTitan.

Capital strength and shareholder returns

Common stockholders equity increased to USD 3.17 billion at June 30, 2026 from USD 2.68 billion at June 30, 2025, with book value per share rising 17.6 percent to USD 55.81 from USD 47.46, while tangible book value per share improved 14.3 percent to USD 50.96 from USD 44.60, signaling that Axos built capital even after acquisitions, according to figures compiled by StockTitan.

Tier 1 leverage at the holding company stood at 9.94 percent at June 30, 2026, while common equity tier 1 capital to risk-weighted assets was 11.76 percent, both slightly below the previous year yet still comfortably above regulatory minimums, which reflects a capital position that can absorb growth and potential losses as reported by StockTitan.

Shareholder return was visible in buybacks: Axos repurchased USD 22.0 million of its common stock during the quarter ended June 30, 2026 at an average price of USD 87.95 per share, which contributed to higher EPS and book value per share, as noted by StockTitan.

Strategic acquisitions and business mix

Beyond Jenius Bank, Axos closed the acquisition of Arc Technologies Inc., a cash management platform for small businesses, on July 20, 2026, expanding its fintech-driven offering and potentially adding new deposit and fee income streams, according to StockTitan.

The company operates a dual-segment model, with a banking business segment and a securities business segment that includes Axos Clearing and Axos Invest, and for the quarter ended June 30, 2026 the banking segment generated USD 311.97 million of net interest income while the securities segment added USD 10.98 million, illustrating the core contribution of lending and deposits to Axos results, as segmented in the figures from StockTitan.

Axos Financial stock price and investor perspective

As of the most recent completed trading day before September 19, 2026, Axos Financial, Inc. common stock trades on the New York Stock Exchange under the ticker AX in United States dollars; the latest available quote shows the shares changing hands at a level that reflects the improved earnings and capital metrics of fiscal 2026, with the market capitalization consistent with a small-cap bank included in the Russell 2000 and S&P SmallCap 600 indices.