XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.22.2.2

SEGMENT REPORTING AND REVENUE INFORMATION (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present the operating results, goodwill, and assets of the segments:
| Three Months Ended September 30, 2022
(Dollars in thousands) | Banking Business |  | Securities Business |  | Corporate/Eliminations |  | Axos Consolidated
Net interest income | $ | 179,730 |  |  | $ | 4,275 |  |  | $ | (3,530) |  |  | $ | 180,475 |
Provision for credit losses | 8,750 |  |  | — |  |  | — |  |  | 8,750 |
Non-interest income | 10,712 |  |  | 29,165 |  |  | (12,669) |  |  | 27,208 |
Non-interest expense | 100,796 |  |  | 24,515 |  |  | (9,224) |  |  | 116,087 |
Income before taxes | $ | 80,896 |  |  | $ | 8,925 |  |  | $ | (6,975) |  |  | $ | 82,846 |
| Three Months Ended September 30, 2021
(Dollars in thousands) | Banking Business |  | Securities Business |  | Corporate/Eliminations |  | Axos Consolidated
Net interest income | $ | 142,241 |  |  | $ | 6,176 |  |  | $ | (1,775) |  |  | $ | 146,642 |
Provision for credit losses | 4,000 |  |  | — |  |  | — |  |  | 4,000 |
Non-interest income | 14,828 |  |  | 13,106 |  |  | (1,232) |  |  | 26,702 |
Non-interest expense | 62,725 |  |  | 19,273 |  |  | 2,433 |  |  | 84,431 |
Income before taxes | $ | 90,344 |  |  | $ | 9 |  |  | $ | (5,440) |  |  | $ | 84,913 |
| As of September 30, 2022
(Dollars in thousands) | Banking Business |  | Securities Business |  | Corporate/Eliminations |  | Axos Consolidated
Goodwill | $ | 35,721 |  |  | $ | 61,967 |  |  | $ | — |  |  | $ | 97,688 |
Total Assets | $ | 17,320,661 |  |  | $ | 1,027,815 |  |  | $ | 58,602 |  |  | $ | 18,407,078 |
| As of June 30, 2022
(Dollars in thousands) | Banking Business |  | Securities Business |  | Corporate/Eliminations |  | Axos Consolidated
Goodwill | $ | 35,721 |  |  | $ | 59,953 |  |  | $ | — |  |  | $ | 95,674 |
Total Assets | $ | 16,002,714 |  |  | $ | 1,328,558 |  |  | $ | 69,893 |  |  | $ | 17,401,165 |
Schedule of Other Nonoperating Income (Expense) | The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the periods indicated. For further information of the Company’s recognition of revenue and Topic 606 see Note 1—“Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K.
| For the Three Months Ended
| September 30,
(Dollars in thousands) | 2022 |  | 2021
Advisory fee income | $ | 6,959 |  |  | $ | 5,304 |
Broker-dealer clearing fees | 5,233 |  |  | 5,670 |
Deposit service fees | 1,106 |  |  | 626 |
Card fees | 789 |  |  | 1,007 |
Bankruptcy trustee and fiduciary service fees | 773 |  |  | 780 |
Non-interest income (in-scope Topic 606) | 14,860 |  |  | 13,387 |
Non-interest income (out-of-scope Topic 606) | 12,348 |  |  | 13,315 |
Total non-interest income | $ | 27,208 |  |  | $ | 26,702 |

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&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