Axos Financial, Inc.

Axos Financial, Inc.

Company overview

• Technology-driven, diversified financial services company with approximately $30.0 billion in assets.
• Approximately $47.8 billion in assets under custody and/or administration at Axos Clearing LLC.
• Client-focused, technology-enabled model delivering secure, scalable banking, clearing and custody, and investment advisory solutions to retail and business customers.
• Banking activities cover consumer and commercial banking products offered via digital online and mobile platforms, low-cost distribution channels, and affinity partnerships.
• Securities activities serve independent registered investment advisers (RIAs) and introducing broker-dealers (IBDs) through Axos Clearing and Axos Advisor Services (AAS), and provide direct-to-consumer securities trading and digital investment management through Axos Invest.
• Common stock ticker: AX (NYSE). Index memberships include Russell 2000 and S&P SmallCap 600.

Segment structure

Banking Business Segment

• Route-to-market: retail, correspondent, and wholesale channels.
• Loan portfolio retained: primarily first mortgages secured by 1–4 unit residential properties, multifamily, commercial real estate (CRE), commercial & industrial (C&I) loans and leases, auto loans, and certain other consumer loans.
• Securities: holds debt securities, including available-for-sale securities, to manage liquidity and interest-rate risk.
• Deposits: sourced from a wide range of retail and commercial distribution channels, including consumer and commercial deposits.
• Underwriting and governance: policies and procedures set by the Board and Credit Committee; underwriting criteria address borrower credit, collateral valuation, cash flow analysis for CRE/multifamily, guarantees, stress testing for construction loans, and senior lien requirements in certain facilities.

Securities Business Segment

• Services approximately 300 financial organizations (as of June 30, 2026), including correspondent broker-dealers and RIAs.
• Axos Clearing: fully disclosed clearing services for FINRA/SEC-registered firms, including back-office support, margin loans, and securities lending.
• Axos Advisor Services (AAS): proprietary turnkey technology for RIAs, covering account servicing (account opening, money movement, transfers, trading, client communications) and integrations with third-party platforms (CRM, portfolio management, trading, financial planning).
• Axos Invest: retail self-directed trading and digital wealth management.
• Revenue profile: generates both fee and interest income and supports access to low-cost deposits.

Products and services (highlights)

• Banking products: deposit and lending products (demand, savings, time deposits) and consumer and commercial loans (various mortgage types, CRE, C&I, auto, and other consumer credit).
• Underwriting and risk management: defined criteria and risk mitigants for single-family, multifamily, CRE, and non-real estate (C&I) lending, including guarantees, cash flow analysis, collateral valuation, prepayment protections, senior liens, and construction stress testing.
• Investment portfolio: available-for-sale securities used to manage liquidity and interest-rate risk; permitted investments include U.S. Treasuries, agency and mortgage-backed securities, asset-backed securities, municipal and corporate debt.
• Deposits and funding: diversified acquisition channels through advertising, sales teams, affiliates, affinity partnerships, and related lending businesses, emphasizing scalable, branch-light distribution.
• Clearing and custody: trade execution, clearance, recordkeeping, reporting, margin lending, and securities lending through Axos Clearing.
• Wealth and advisory: custody and platform services for RIAs via AAS with third-party integrations; retail digital wealth and trading through Axos Invest.

Client base and scale

• Serves approximately 300 financial organizations in the Securities Business Segment (as of June 30, 2026).

Financials

• Total assets: approximately $30.0 billion.
• Assets under custody and/or administration (Axos Clearing): approximately $47.8 billion.

In summary: the company operates two primary segments—Banking (lending and deposits focused on mortgages, CRE, C&I, auto, and consumer loans) and Securities (clearing, custody, wealth platforms, and retail investing)—combining traditional banking with securities processing and digital wealth services.