Recap: Axos Financial Q4 Earnings

Shares of Axos Financial AX moved higher by 3.26% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 14.71% year over year to $0.78, which beat the estimate of $0.54.

Revenue of $145,974,000 higher by 18.04% from the same period last year, which beat the estimate of $133,620,000.

Outlook

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

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

Details Of The Call

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/qcdfdsza

Price Action

Company's 52-week high was at $30.89

52-week low: $13.69

Price action over last quarter: down 8.03%

Company Overview

Axos Financial Inc is a bank holding company which 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. 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.

Posted In: Earnings

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