Axos Financial: Q1 Earnings Insights

Shares of Axos Financial AX moved higher by 0.9% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 33.82% over the past year to $0.91, which beat the estimate of $0.68.

Revenue of $163,182,000 up by 30.71% year over year, which beat the estimate of $142,770,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1383682&tp_key=643544c2d3

Price Action

Company's 52-week high was at $30.89

Company's 52-week low was at $13.69

Price action over last quarter: Up 15.86%

Company Description

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.