Axos financial, inc. (AX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
INTEREST AND DIVIDEND INCOME:
Loans and leases, including fees

175,065

136,602

133,887

128,268

157,181

123,275

116,593

111,481

135,901

102,034

97,575

93,000

99,391

85,839

80,619

78,752

77,111

70,117

65,078

60,670

57,441

53,392

48,983

43,391

38,931

34,957

30,385

30,905

29,271

28,119

25,208

23,805

22,898

21,854

20,751

17,611

15,811

14,237

12,849

Securities borrowed and customer receivables

3,818

3,865

6,238

4,776

3,970

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

6,180

6,821

6,220

8,599

8,057

7,964

6,204

7,417

8,979

5,751

5,936

5,543

7,571

8,462

6,861

7,509

7,171

5,818

6,151

6,897

5,470

5,689

5,822

6,751

6,232

6,270

5,961

5,558

5,364

5,448

5,781

6,199

6,450

6,762

7,014

7,723

8,117

8,347

8,240

Total interest and dividend income

185,063

147,288

146,345

141,643

169,208

131,239

122,797

118,898

144,880

107,785

103,511

98,543

106,962

94,301

87,480

86,261

84,282

75,935

71,229

67,567

62,911

59,081

54,805

50,142

45,163

41,227

36,346

36,463

34,635

33,567

30,989

30,004

29,348

28,616

27,765

25,334

23,928

22,584

21,089

INTEREST EXPENSE:
Deposits

31,254

32,914

38,806

32,695

29,719

25,985

28,681

22,689

20,800

19,044

17,318

14,818

14,151

14,011

13,514

12,923

11,012

9,709

9,023

9,593

9,634

8,262

7,244

6,923

6,572

5,717

5,605

5,833

5,749

5,749

5,537

5,612

6,179

6,571

6,527

6,018

5,716

5,315

5,227

Advances from the Federal Home Loan Bank

3,952

4,495

1,764

5,986

8,366

11,574

6,908

8,243

6,496

3,557

4,552

3,994

2,940

2,605

2,864

2,878

3,019

2,626

2,652

2,255

2,194

2,281

2,180

2,093

2,021

1,504

1,363

1,366

1,425

1,561

1,587

1,449

1,451

1,475

1,580

1,435

1,459

1,663

1,706

Securities loaned

115

163

286

-290

1,038

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

1,126

1,296

2,186

2,815

916

960

929

918

901

971

1,091

1,204

1,312

1,324

1,322

1,305

694

429

426

425

418

427

506

629

907

1,179

1,268

1,259

1,259

1,321

1,380

1,353

1,383

1,484

1,481

1,466

1,450

1,483

1,484

Total interest expense

36,447

38,868

43,042

41,206

40,039

38,519

36,518

31,850

28,197

23,572

22,961

20,016

18,403

17,940

17,700

17,106

14,725

12,764

12,101

12,273

12,246

10,970

9,930

9,645

9,500

8,400

8,236

8,458

8,433

8,631

8,504

8,414

9,013

9,530

9,588

8,919

8,625

8,461

8,417

Net interest income

148,616

108,420

103,303

100,437

129,169

92,720

86,279

87,048

116,683

84,213

80,550

78,527

88,559

76,361

69,780

69,155

69,557

63,171

59,128

55,294

50,665

48,111

44,875

40,497

35,663

32,827

28,110

28,005

26,202

24,936

22,485

21,590

20,335

19,086

18,177

16,415

15,303

14,123

12,672

Provision for Loan and Lease Losses

28,500

4,500

2,700

2,800

19,000

4,950

600

3,900

16,900

4,000

1,000

199

4,862

4,100

1,900

1,900

2,000

3,400

2,400

2,900

2,900

2,900

2,500

2,250

1,600

1,000

500

1,500

1,550

1,950

2,550

2,100

2,000

1,600

2,363

1,450

1,150

1,600

1,600

Net interest income, after provision for loan and lease losses

120,116

103,920

100,603

97,637

110,169

87,770

85,679

83,148

99,783

80,213

79,550

78,328

83,697

72,261

67,880

67,255

67,557

59,771

56,728

52,394

47,765

45,211

42,375

38,247

34,063

31,827

27,610

26,505

24,652

22,986

19,935

19,490

18,335

17,486

15,814

14,965

14,153

12,523

11,072

NON-INTEREST INCOME:
Realized gain (loss) on sale of securities

0

0

0

842

0

0

-133

0

-101

-199

282

996

312

1,622

990

508

-14

933

0

-

0

587

-

0

0

0

208

-208

420

0

0

-

0

-

-

-

1,478

482

-

Other-than-temporary loss on securities:
Other-than-temporary loss on securities:

0

-

-

-

1,666

-

-

0

173

5,904

194

1,184

754

7,718

1,281

687

1,006

1,037

742

3,334

1,185

1,075

1,211

389

617

1,606

-253

3,410

-1,075

2,873

2,872

892

1,211

715

765

3,355

1,504

452

631

Less: Portion of other temporary impairment losses recognized in OCI

0

-

-

-

845

-

-

0

173

5,897

45

1,058

386

6,368

1,161

271

998

1,014

624

3,173

478

789

0

-1,899

-102

733

825

-2,139

1,611

-2,053

-1,998

-612

0

0

-168

-2,869

-1,331

0

-201

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

-

-

7

149

126

368

1,350

120

416

8

23

118

161

707

286

1,211

638

719

873

572

1,271

536

820

874

280

1,211

715

597

486

173

452

430

Fair value gain (loss) on trading securities

-

-

-

-

-

-

-

-

-

-

0

-94

270

456

111

-5

-117

-196

70

94

-125

-324

121

466

53

-188

623

-82

459

295

602

-145

305

430

195

584

42

-14

39

Change to net impairment losses recognized in earnings on securities

0

-

-

-

-821

-

-

-

0

-

-149

-220

-98

-894

-9

-421

-125

-219

-48

-67

-832

-610

-1,090

-172

-666

-1,061

51

-1,353

-77

-525

-272

-425

-906

-285

-402

98

-131

-466

-391

Prepayment penalty fee income

1,406

2,006

1,412

1,774

706

2,467

904

754

874

1,165

1,069

957

1,682

637

1,298

737

563

738

876

2,311

454

1,053

877

401

458

1,174

654

557

470

513

202

548

189

65

61

48

25

0

1,000

Gain on sale – other

608

1,924

3,822

549

535

1,943

3,133

2,846

522

1,920

446

420

341

2,033

1,693

5,192

1,101

5,551

3,696

1,368

2,419

1,090

916

607

1,915

1,047

3,089

1,130

0

0

0

-

-

-

-

-

-

-

-

Mortgage banking income

2,955

2,224

2,794

2,308

352

792

1,815

1,903

3,089

4,055

4,708

2,884

1,430

4,837

5,133

2,830

3,459

2,909

1,878

4,934

4,330

2,937

3,063

2,687

2,358

3,139

1,986

5,546

5,372

5,579

6,456

4,493

4,399

3,031

4,785

1,101

444

1,793

1,393

Broker-dealer fee income

6,329

5,555

5,656

6,701

5,036

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Banking and service fees

20,244

9,498

7,852

11,050

20,290

11,690

10,824

11,474

19,141

10,165

6,984

8,495

19,501

8,465

5,627

8,169

18,332

6,308

3,387

1,732

1,995

1,640

1,483

1,201

1,147

1,244

988

2,194

649

682

375

342

174

175

126

313

108

118

120

Total non-interest income

31,542

21,207

21,536

23,224

26,098

16,892

16,543

16,977

23,525

17,099

13,340

13,532

23,168

16,700

14,732

17,015

23,316

16,220

9,789

10,278

8,366

6,697

5,249

4,724

5,212

5,543

6,976

7,866

6,834

6,249

6,761

4,958

3,856

2,986

4,570

2,020

1,924

1,927

2,122

NON-INTEREST EXPENSE:
Salaries and related costs

36,257

33,958

36,717

33,909

33,716

29,146

30,662

28,665

25,871

24,306

22,133

21,213

21,268

19,933

19,407

18,905

17,000

16,440

14,322

12,109

11,249

10,764

9,697

8,777

7,721

7,960

7,782

8,043

7,510

6,952

6,369

5,387

5,270

4,977

4,705

4,284

3,833

3,586

2,821

Data processing

6,563

7,410

7,811

7,358

7,144

4,913

4,735

5,209

4,216

3,910

4,065

3,912

3,298

2,941

3,172

2,944

3,225

2,299

1,880

1,718

1,717

1,683

1,514

1,305

1,562

1,321

1,185

831

715

656

571

602

666

600

383

290

216

247

230

Depreciation and amortization

6,197

6,040

5,224

5,123

4,765

3,567

3,016

2,855

2,024

1,947

1,748

1,778

1,552

1,411

1,353

1,479

1,310

998

1,008

922

868

766

717

713

744

696

721

625

493

449

337

339

347

332

298

254

181

108

75

Advertising and promotional

3,887

4,043

3,790

3,445

3,635

3,205

4,425

4,408

4,315

3,811

2,966

2,697

2,148

1,981

2,541

2,236

1,406

1,597

1,628

1,843

1,462

1,449

1,306

1,251

670

1,214

589

1,154

1,020

1,116

794

851

788

606

458

433

261

174

157

Professional services

3,231

3,112

1,589

3,427

4,286

2,345

1,858

1,326

1,474

856

1,624

1,517

1,023

1,086

1,354

2,034

1,033

1,270

363

798

1,725

797

802

1,095

1,404

1,242

1,680

1,027

860

726

918

671

365

604

573

564

525

585

434

Occupancy and equipment

2,919

3,122

2,838

2,588

2,584

1,797

1,602

1,602

1,543

1,437

1,481

1,513

1,461

1,363

1,275

1,310

1,169

934

913

803

735

832

721

609

589

577

549

553

549

477

507

277

301

293

262

228

257

184

165

FDIC and regulatory fees

2,013

939

191

2,418

2,133

1,528

2,926

1,522

1,242

1,005

1,091

941

1,265

884

1,240

1,243

1,217

1,108

1,064

926

902

828

778

677

572

547

547

623

520

494

488

439

422

341

325

543

559

477

438

Broker-dealer clearing charges

2,180

1,860

2,008

1,727

1,095

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate owned and repossessed vehicles

-

-

-

-

-

-

-

-

-

24

69

-6

-2

348

158

-1

5

24

-74

-272

44

51

57

-3

-51

-164

69

158

234

15

98

379

-25

244

1,784

306

796

239

213

General and administrative expense

8,543

6,481

5,299

4,628

22,457

4,432

3,698

3,919

4,749

3,513

2,843

2,414

3,435

3,353

2,378

2,835

3,043

2,775

1,814

1,905

1,641

1,767

1,854

1,344

1,136

1,911

1,392

2,339

2,020

1,896

1,450

1,067

1,056

1,207

764

764

801

640

666

Total non-interest expense

71,790

66,965

65,467

65,536

81,815

50,933

52,922

49,673

45,434

40,809

38,020

35,979

35,448

33,300

32,878

32,985

29,408

27,445

22,918

20,752

20,343

18,937

17,446

15,768

14,347

15,304

14,514

15,353

13,921

12,781

11,532

10,012

9,190

9,204

9,552

7,666

7,429

6,240

5,199

INCOME BEFORE INCOME TAXES

79,868

58,162

56,672

55,325

54,452

53,729

49,300

50,452

77,874

56,503

54,870

55,881

71,417

55,661

49,734

51,285

61,465

48,546

43,599

41,920

35,788

32,971

30,178

27,203

24,928

22,066

20,072

19,018

17,565

16,454

15,164

14,436

13,001

11,268

10,832

9,319

8,648

8,210

7,995

INCOME TAXES

23,811

16,867

15,886

14,691

15,631

14,894

12,459

13,335

26,621

24,845

22,487

23,332

30,423

23,361

20,837

21,558

25,551

20,397

18,098

17,525

14,714

13,599

12,337

11,193

10,318

8,912

7,890

7,886

7,163

6,686

6,175

5,871

5,283

4,608

4,299

3,774

3,373

3,283

3,163

Net Income (Loss) Attributable to Parent

56,057

41,295

40,786

40,634

38,821

38,835

36,841

37,117

51,253

31,658

32,383

32,549

40,994

32,300

28,897

29,727

35,914

28,149

25,501

24,395

21,074

19,372

17,841

16,010

14,610

13,154

12,182

11,132

10,402

9,768

8,989

8,565

7,718

6,660

6,533

5,545

5,275

4,927

4,832

Net Income (Loss) Available to Common Stockholders, Basic

55,980

41,217

40,709

40,557

38,744

38,757

36,764

37,040

51,176

31,580

32,306

32,472

40,917

32,222

28,820

29,650

35,837

28,071

25,424

24,318

20,997

19,294

17,764

15,933

14,533

13,077

12,104

11,055

10,053

9,436

8,912

8,187

7,331

6,280

6,407

5,467

5,198

4,850

4,755

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

53,578

40,515

41,303

41,168

38,530

39,015

37,047

37,645

49,746

32,497

31,423

34,198

42,333

29,198

36,802

30,646

36,734

27,635

26,371

23,293

21,694

18,537

20,125

17,013

15,268

11,317

12,792

7,834

10,439

8,946

7,707

3,826

9,297

5,022

6,867

5,297

3,437

4,351

2,480

Basic earnings per common share (in dollars per share)

0.92

0.67

0.66

0.66

0.63

0.62

0.59

0.58

0.82

0.50

0.51

0.53

0.63

0.50

0.45

0.47

0.56

0.44

0.40

-0.51

0.34

0.32

1.20

-1.80

1.00

0.92

0.85

0.80

0.76

0.71

0.73

0.68

0.62

0.56

0.59

0.50

0.48

0.45

0.45

Diluted earnings per common share (in dollars per share)

0.91

0.67

0.66

0.65

0.63

0.62

0.58

0.58

0.80

0.49

0.50

0.52

0.63

0.50

0.45

0.47

0.56

0.44

0.40

-0.52

0.34

0.32

1.20

-1.80

1.00

0.91

0.85

0.78

0.74

0.70

0.67

0.63

0.58

0.54

0.58

0.49

0.48

0.45

0.45