Axos Financial: Q2 Earnings Insights

Shares of Axos Financial AX moved higher in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 36.23% over the past year to $0.94, which beat the estimate of $0.83.

Revenue of $162,810,000 higher by 25.60% year over year, which beat the estimate of $156,640,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Axos Financial hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jan 28, 2021

Time: 05:00 PM

ET Webcast URL: https://investors.axosfinancial.com/corporate-profile/default.aspx

Technicals

Company's 52-week high was at $43.48

Company's 52-week low was at $13.69

Price action over last quarter: Up 47.21%

Company Overview

Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.