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Axos Financial Inc

Axos Financial Inc

AX
$99.53USD↓-1.40%-1.41 today

MARKET CAP

5.7B

P/E (TTM)

11.6x

FWD P/E

9.7x

DAY RANGE

$99 – $101

52W RANGE

$75
$102

AI Summary

Stalk
Buy NowHigh

AX is in a Stage 2 advancing environment underpinned by a Lockout Rally that signals short covering-driven demand and a bullish medium-term bias. Despite extreme overbought readings, the Lockout Rally override justifies immediate participation. Price is finding support at rising EMAs on shallow pullbacks, aligning with higher highs and higher lows. Buy now, using pullbacks into the rising EMA zone as structurally appropriate entry points.

  • ↑Net loan growth of $1.6B in linked quarter; $2.6B pipeline
  • ↑17% ROACE; net interest income +11.2% YoY to $125M
  • ↓Credit loss provisions rose to $41M, raising asset quality concerns
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Axos Financial, Inc. (NYSE: AX) is a leading player in the digital banking sector, focusing on providing a diverse range of financial services including lending, deposit accounts, and securities. The company is strategically positioned within the fintech landscape, leveraging technology to enhance customer engagement and operational efficiencies. Axos has made significant strides in expanding its market presence, including recent strategic acquisitions like that of Verdant Commercial Capital and the upcoming acquisition of Genius Bank’s deposits, which further bolsters its offerings in both consumer and commercial banking markets.

Bull says

  • ↑Net loan growth of $1.6B in linked quarter; $2.6B pipeline
  • ↑17% ROACE; net interest income +11.2% YoY to $125M
  • ↑Acquiring $2.3B Genius Bank deposits; Verdant adds ~$175M quarterly loans
  • ↑500+ employees using AI tools, improving operational efficiency
  • ↑Earnings yield ~1.77 and book-to-price ~0.96 indicate cheap valuation
  • ↑Total deposits +11.2% YoY to $22.4B, supporting funding

Bear says

  • ↓Credit loss provisions rose to $41M, raising asset quality concerns
  • ↓Net interest margin tumbled to 4.57% as funding costs increase
  • ↓Negative growth and revisions scores point to tepid revenue outlook
  • ↓Negative dividend yield (-1.47%) signals potential cash flow stress
  • ↓High short interest and AI implementation risks amp investor skepticism
  • ↓Competitive pressure may further erode margins and loan pricing

Investment themes with AX

Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q3 2026 · Mgmt. Guidance

Updated 05-01-2026bullish

Transcript signals

Bull points

  • We generated another quarter of double-digit year-over-year growth in net interest income, ending loan and deposit balances, earnings per share, and book value.
  • We generated almost $700 million in net loan growth linked quarter, resulting in an 11.2% year-over-year increase in net interest income.
  • Other highlights in the quarter include non-interest income was $86 million for the quarter ended March 31, 2026, up from $53 million in the prior quarter and $33.4 million in the corresponding quarter a year ago.

Bear points

  • Net interest margin was 4.57% for the quarter ended March 31, 2026, compared to 4.94% in the prior quarter.
  • The sequential decline was driven primarily by the full impact from the two 25 basis point rate cuts in the calendar Q4 2025.
  • Provision for credit losses was $41 million in Q3 26, compared to $25 million in Q2-26. The primary driver of the quarter-over-quarter increase in the provision for credit losses was a specific reserve of approximately $20 million for a CNI loan.
Read full transcript analysis ›