XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.1

SEGMENT REPORTING (Tables)

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present the operating results, goodwill, and assets of the segments:

			For the Three Months Ended March 31, 2022
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	147,828					$	3,377					$	(1,667)					$	149,538
Provision for credit losses			4,500						—						—						4,500
Non-interest income			15,741						15,609						(2,576)						28,774
Non-interest expense			65,076						20,242						1,501						86,819
Income before taxes			$	93,993					$	(1,256)					$	(5,744)					$	86,993

			For the Three Months Ended March 31, 2021
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	135,096					$	3,847					$	(3,274)					$	135,669
Provision for credit losses			2,700						—						—						2,700
Non-interest income			16,201						8,369						(683)						23,887
Non-interest expense			64,040						13,282						3,485						80,807
Income before taxes			$	84,557					$	(1,066)					$	(7,442)					$	76,049

			For the Nine Months Ended March 31, 2022
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	432,328					$	14,059					$	(4,639)					$	441,748
Provision for credit losses			12,500						—						—						12,500
Non-interest income			46,864						45,169						(5,770)						86,263
Non-interest expense			190,250						61,169						5,850						257,269
Income before taxes			$	276,442					$	(1,941)					$	(16,259)					$	258,242

			For the Nine Months Ended March 31, 2021
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	390,268					$	13,002					$	(6,182)					$	397,088
Provision for credit losses			22,500						—						—						22,500
Non-interest income			68,708						20,725						(973)						88,460
Non-interest expense			187,733						35,946						8,971						232,650
Income before taxes			$	248,743					$	(2,219)					$	(16,126)					$	230,398

			As of March 31, 2022
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Goodwill			$	35,721					$	59,953					$	—					$	95,674
Total Assets			$	14,768,636					$	1,246,997					$	65,317					$	16,080,950

			As of June 30, 2021
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Goodwill			$	35,721					$	35,501					$	—					$	71,222
Total Assets			$	12,745,029					$	1,450,512					$	70,024					$	14,265,565

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration