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AX

Axos Financial

$27.11 /

-0.975 (-3.47%)

16:19
01/29/20
01/29
16:19
01/29/20
16:19

Axos Financial reports Q2 adjusted EPS 69c, consensus 68c

"We achieved net income of $41.3 million this quarter as a result of strong loan growth and stable net interest margins," stated Greg Garrabrants, President and Chief Executive Officer of Axos. "Ending loan balances increased 14.6% annualized from September 30, 2019, led by strong growth in commercial specialty real estate, commercial lender finance, mortgage warehouse and equipment leasing. Net interest margin increased 10 basis points linked quarter to 3.87% as a result of steady loan yields and a decline in our funding costs. The diversity of our lending, deposit and fee income businesses position us well in a variety of competitive and interest rate environments."

  • 29

    Jan

  • 25

    Feb

AX Axos Financial
$27.11 /

-0.975 (-3.47%)

01/09/20 B. Riley FBR
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
12/18/19
Fly Intel: Top five analyst initiations
12/17/19 Wedbush
Axos Financial initiated with an Outperform at Wedbush
11/04/19 B. Riley FBR
Axos Financial price target raised to $39 from $33 at B. Riley FBR

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