AXOS FINANCIAL, INC. AX Income Statement

Axos financial, inc. (AX)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
INTEREST AND DIVIDEND INCOME:
Loans and leases, including fees
573,822	555,938	542,611	525,317	508,530	487,250	466,009	446,991	428,510	392,000	375,805	358,849	344,601	322,321	306,599	291,058	272,976	253,306	236,581	220,486	203,207	184,697	166,262	147,664	135,178	125,518	118,680	113,503	106,403	100,030	93,765	89,308	83,114	76,027	68,410	60,508	0	0	0
Securities borrowed and customer receivables
18,697	18,849	14,984	8,746	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments
27,820	29,697	30,840	30,824	29,642	30,564	28,351	28,083	26,209	24,801	27,512	28,437	30,403	30,003	27,359	26,649	26,037	24,336	24,207	23,878	23,732	24,494	25,075	25,214	24,021	23,153	22,331	22,151	22,792	23,878	25,192	26,425	27,949	29,616	31,201	32,427	0	0	0
Total interest and dividend income
620,339	604,484	588,435	564,887	542,142	517,814	494,360	475,074	454,719	416,801	403,317	387,286	375,004	352,324	333,958	317,707	299,013	277,642	260,788	244,364	226,939	209,191	191,337	172,878	159,199	148,671	141,011	135,654	129,195	123,908	118,957	115,733	111,063	105,643	99,611	92,935	0	0	0
INTEREST EXPENSE:
Deposits
135,669	134,134	127,205	117,080	107,074	98,155	91,214	79,851	71,980	65,331	60,298	56,494	54,599	51,460	47,158	42,667	39,337	37,959	36,512	34,733	32,063	29,001	26,456	24,817	23,727	22,904	22,936	22,868	22,647	23,077	23,899	24,889	25,295	24,832	23,576	22,276	0	0	0
Advances from the Federal Home Loan Bank
16,197	20,611	27,690	32,834	35,091	33,221	25,204	22,848	18,599	15,043	14,091	12,403	11,287	11,366	11,387	11,175	10,552	9,727	9,382	8,910	8,748	8,575	7,798	6,981	6,254	5,658	5,715	5,939	6,022	6,048	5,962	5,955	5,941	5,949	6,137	6,263	0	0	0
Securities loaned
274	1,197	1,034	748	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
7,423	7,213	6,877	5,620	3,723	3,708	3,719	3,881	4,167	4,578	4,931	5,162	5,263	4,645	3,750	2,854	1,974	1,698	1,696	1,776	1,980	2,469	3,221	3,983	4,613	4,965	5,107	5,219	5,313	5,437	5,600	5,701	5,814	5,881	5,880	5,883	0	0	0
Total interest expense
159,563	163,155	162,806	156,282	146,926	135,084	120,137	106,580	94,746	84,952	79,320	74,059	71,149	67,471	62,295	56,696	51,863	49,384	47,590	45,419	42,791	40,045	37,475	35,781	34,594	33,527	33,758	34,026	33,982	34,562	35,461	36,545	37,050	36,662	35,593	34,422	0	0	0
Net interest income
460,776	441,329	425,629	408,605	395,216	382,730	374,223	368,494	359,973	331,849	323,997	313,227	303,855	284,853	271,663	261,011	247,150	228,258	213,198	198,945	184,148	169,146	153,862	137,097	124,605	115,144	107,253	101,628	95,213	89,346	83,496	79,188	74,013	68,981	64,018	58,513	0	0	0
Provision for Loan and Lease Losses
38,500	29,000	29,450	27,350	28,450	26,350	25,400	25,800	22,099	10,061	10,161	11,061	12,762	9,900	9,200	9,700	10,700	11,600	11,100	11,200	10,550	9,250	7,350	5,350	4,600	4,550	5,500	7,550	8,150	8,600	8,250	8,063	7,413	6,563	6,563	5,800	0	0	0
Net interest income, after provision for loan and lease losses
422,276	412,329	396,179	381,255	366,766	356,380	348,823	342,694	337,874	321,788	313,836	302,166	291,093	274,953	262,463	251,311	236,450	216,658	202,098	187,745	173,598	159,896	146,512	131,747	120,005	110,594	101,753	94,078	87,063	80,746	75,246	71,125	66,600	62,418	57,455	52,713	0	0	0
NON-INTEREST INCOME:
Realized gain (loss) on sale of securities
842	842	842	709	-133	-234	-433	-18	978	1,391	3,212	3,920	3,432	3,106	2,417	1,427	919	1,520	0	-	0	0	-	208	0	420	420	212	420	0	0	-	0	-	-	-	0	0	-
Other-than-temporary loss on securities:
Other-than-temporary loss on securities:
0	-	-	-	0	-	-	6,271	7,455	8,036	9,850	10,937	10,440	10,692	4,011	3,472	6,119	6,298	6,336	6,805	3,860	3,292	3,823	2,359	5,380	3,688	4,955	8,080	5,562	7,848	5,690	3,583	6,046	6,339	6,076	5,942	0	0	0
Less: Portion of other temporary impairment losses recognized in OCI
0	-	-	-	0	-	-	6,115	7,173	7,386	7,857	8,973	8,186	8,798	3,444	2,907	5,809	5,289	5,064	4,440	-632	-1,212	-1,268	-443	-683	1,030	-1,756	-4,579	-3,052	-4,663	-2,610	-780	-3,037	-4,368	-4,368	-4,401	0	0	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	650	1,993	1,964	2,254	1,894	567	565	310	1,009	1,272	2,365	2,842	2,854	3,441	2,802	3,435	3,252	3,199	3,501	2,510	3,185	3,080	2,803	3,009	1,971	1,708	1,541	0	0	0
Fair value gain (loss) on trading securities
-	-	-	-	-	-	-	-	-	-	632	743	832	445	-207	-248	-149	-157	-285	-234	138	316	452	954	406	812	1,295	1,274	1,211	1,057	1,192	785	1,514	1,251	807	651	0	0	0
Change to net impairment losses recognized in earnings on securities
0	-	-	-	0	-	-	-	0	-	-1,361	-1,221	-1,422	-1,449	-774	-813	-459	-1,166	-1,557	-2,599	-2,704	-2,538	-2,989	-1,848	-3,029	-2,440	-1,904	-2,227	-1,299	-2,128	-1,888	-2,018	-1,495	-720	-901	-890	0	0	0
Prepayment penalty fee income
6,598	5,898	6,359	5,851	4,831	4,999	3,697	3,862	4,065	4,873	4,345	4,574	4,354	3,235	3,336	2,914	4,488	4,379	4,694	4,695	2,785	2,789	2,910	2,687	2,843	2,855	2,194	1,742	1,733	1,452	1,004	863	363	199	134	1,073	0	0	0
Gain on sale – other
6,903	6,830	6,849	6,160	8,457	8,444	8,421	5,734	3,308	3,127	3,240	4,487	9,259	10,019	13,537	15,540	11,716	13,034	8,573	5,793	5,032	4,528	4,485	6,658	7,181	5,266	4,219	1,130	0	0	0	-	-	-	-	-	-	-	-
Mortgage banking income
10,281	7,678	6,246	5,267	4,862	7,599	10,862	13,755	14,736	13,077	13,859	14,284	14,230	16,259	14,331	11,076	13,180	14,051	14,079	15,264	13,017	11,045	11,247	10,170	13,029	16,043	18,483	22,953	21,900	20,927	18,379	16,708	13,316	9,361	8,123	4,731	0	0	0
Broker-dealer fee income
24,241	22,948	17,393	11,737	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Banking and service fees
48,644	48,690	50,882	53,854	54,278	53,129	51,604	47,764	44,785	45,145	43,445	42,088	41,762	40,593	38,436	36,196	29,759	13,422	8,754	6,850	6,319	5,471	5,075	4,580	5,573	5,075	4,513	3,900	2,048	1,573	1,066	817	788	722	665	659	0	0	0
Total non-interest income
97,509	92,065	87,750	82,757	76,510	73,937	74,144	70,941	67,496	67,139	66,740	68,132	71,615	71,763	71,283	66,340	59,603	44,653	35,130	30,590	25,036	21,882	20,728	22,455	25,597	27,219	27,925	27,710	24,802	21,824	18,561	16,370	13,432	11,500	10,441	7,993	0	0	0
NON-INTEREST EXPENSE:
Salaries and related costs
140,841	138,300	133,488	127,433	122,189	114,344	109,504	100,975	93,523	88,920	84,547	81,821	79,513	75,245	71,752	66,667	59,871	54,120	48,444	43,819	40,487	36,959	34,155	32,240	31,506	31,295	30,287	28,874	26,218	23,978	22,003	20,339	19,236	17,799	16,408	14,524	0	0	0
Data processing
29,142	29,723	27,226	24,150	22,001	19,073	18,070	17,400	16,103	15,185	14,216	13,323	12,355	12,282	11,640	10,348	9,122	7,614	6,998	6,632	6,219	6,064	5,702	5,373	4,899	4,052	3,387	2,773	2,544	2,495	2,439	2,251	1,939	1,489	1,136	983	0	0	0
Depreciation and amortization
22,584	21,152	18,679	16,471	14,203	11,462	9,842	8,574	7,497	7,025	6,489	6,094	5,795	5,553	5,140	4,795	4,238	3,796	3,564	3,273	3,064	2,940	2,870	2,874	2,786	2,535	2,288	1,904	1,618	1,472	1,355	1,316	1,231	1,065	841	618	0	0	0
Advertising and promotional
15,165	14,913	14,075	14,710	15,673	16,353	16,959	15,500	13,789	11,622	9,792	9,367	8,906	8,164	7,780	6,867	6,474	6,530	6,382	6,060	5,468	4,676	4,441	3,724	3,627	3,977	3,879	4,084	3,781	3,549	3,039	2,703	2,285	1,758	1,326	1,025	0	0	0
Professional services
11,359	12,414	11,647	11,916	9,815	7,003	5,514	5,280	5,471	5,020	5,250	4,980	5,497	5,507	5,691	4,700	3,464	4,156	3,683	4,122	4,419	4,098	4,543	5,421	5,353	4,809	4,293	3,531	3,175	2,680	2,558	2,213	2,106	2,266	2,247	2,108	0	0	0
Occupancy and equipment
11,467	11,132	9,807	8,571	7,585	6,544	6,184	6,063	5,974	5,892	5,818	5,612	5,409	5,117	4,688	4,326	3,819	3,385	3,283	3,091	2,897	2,751	2,496	2,324	2,268	2,228	2,128	2,086	1,810	1,562	1,378	1,133	1,084	1,040	931	834	0	0	0
FDIC and regulatory fees
5,561	5,681	6,270	9,005	8,109	7,218	6,695	4,860	4,279	4,302	4,181	4,330	4,632	4,584	4,808	4,632	4,315	4,000	3,720	3,434	3,185	2,855	2,574	2,343	2,289	2,237	2,184	2,125	1,941	1,843	1,690	1,527	1,631	1,768	1,904	2,017	0	0	0
Broker-dealer clearing charges
7,775	6,690	4,830	2,822	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate owned and repossessed vehicles
-	-	-	-	-	-	-	-	-	85	409	498	503	510	186	-46	-317	-278	-251	-120	149	54	-161	-149	12	297	476	505	726	467	696	2,382	2,309	3,130	3,125	1,554	0	0	0
General and administrative expense
24,951	38,865	36,816	35,215	34,506	16,798	15,879	15,024	13,519	12,205	12,045	11,580	12,001	11,609	11,031	10,467	9,537	8,135	7,127	7,167	6,606	6,101	6,245	5,783	6,778	7,662	7,647	7,705	6,433	5,469	4,780	4,094	3,791	3,536	2,969	2,871	0	0	0
Total non-interest expense
269,758	279,783	263,751	251,206	235,343	198,962	188,838	173,936	160,242	150,256	142,747	137,605	134,611	128,571	122,716	112,756	100,523	91,458	82,950	77,478	72,494	66,498	62,865	59,933	59,518	59,092	56,569	53,587	48,246	43,515	39,938	37,958	35,612	33,851	30,887	26,534	0	0	0
INCOME BEFORE INCOME TAXES
250,027	224,611	220,178	212,806	207,933	231,355	234,129	239,699	245,128	238,671	237,829	232,693	228,097	218,145	211,030	204,895	195,530	169,853	154,278	140,857	126,140	115,280	104,375	94,269	86,084	78,721	73,109	68,201	63,619	59,055	53,869	49,537	44,420	40,067	37,009	34,172	0	0	0
INCOME TAXES
71,255	63,075	61,102	57,675	56,319	67,309	77,260	87,288	97,285	101,087	99,603	97,953	96,179	91,307	88,343	85,604	81,571	70,734	63,936	58,175	51,843	47,447	42,760	38,313	35,006	31,851	29,625	27,910	25,895	24,015	21,937	20,061	17,964	16,054	14,729	13,593	0	0	0
Net Income (Loss) Attributable to Parent
178,772	161,536	159,076	155,131	151,614	164,046	156,869	152,411	147,843	137,584	138,226	134,740	131,918	126,838	122,687	119,291	113,959	99,119	90,342	82,682	74,297	67,833	61,615	55,956	51,078	46,870	43,484	40,291	37,724	35,040	31,932	29,476	26,456	24,013	22,280	20,579	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
178,463	161,227	158,767	154,822	151,305	163,737	156,560	152,102	147,534	137,275	137,917	134,431	131,609	126,529	122,378	118,982	113,650	98,810	90,033	82,373	73,988	67,524	61,307	55,647	50,769	46,289	42,648	39,456	36,588	33,866	30,710	28,205	25,485	23,352	21,922	20,270	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
176,564	161,516	160,016	155,760	152,237	163,453	156,935	151,311	147,864	140,451	137,152	142,531	138,979	133,380	131,817	121,386	114,033	98,993	89,895	83,649	77,369	70,943	63,723	56,390	47,211	42,382	40,011	34,926	30,918	29,776	25,852	25,012	26,483	20,623	19,952	15,565	0	0	0
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