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PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Jun. 30, 2023
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the consolidated financial statements of the Company and the other notes to the consolidated financial statements. Adjustments to investment in subsidiaries, stockholders’ equity and equity in undistributed earnings of subsidiaries have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company.
CONDENSED BALANCE SHEETS1
 At June 30,
(Dollars in thousands)20232022
ASSETS
Cash and cash equivalents$115,948 $98,640 
Securities15,050 14,486 
Advances to non-bank subsidiaries8,000 33,000 
Other assets78,932 92,235 
Investment in bank subsidiaries1,884,525 1,634,185 
Investment in non-bank subsidiaries235,223 187,633 
Total assets
$2,337,678 $2,060,179 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures$334,579 $333,744 
Accounts payable and other liabilities85,940 83,462 
Total liabilities420,519 417,206 
Stockholders’ equity1,917,159 1,642,973 
Total liabilities and stockholders’ equity$2,337,678 $2,060,179 
Statements of Income
CONDENSED STATEMENTS OF INCOME1
 Year Ended June 30,
(Dollars in thousands)202320222021
Interest income$1,656 $1,777 $1,262 
Interest expense15,909 11,183 10,891 
Net interest (expense) income(14,253)(9,406)(9,629)
Net interest (expense) income, after provision for credit losses(14,253)(9,406)(9,629)
Non-interest income (loss)11,448 6,275 217 
Non-interest expense and tax benefit2
15,866 9,741 4,360 
Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries(18,671)(12,872)(13,772)
Dividends from bank subsidiaries45,000 40,000 45,000 
Dividends from non-bank subsidiaries13,750 — — 
Equity in undistributed earnings of subsidiaries267,086 213,588 184,479 
Net income$307,165 $240,716 $215,707 
Comprehensive income$303,488 $235,276 $219,151 
Statements of Cash Flows
STATEMENTS OF CASH FLOWS1
 Year Ended June 30,
(Dollars in thousands)202320222021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$307,165 $240,716 $215,707 
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation, amortization and accretion12,383 11,160 10,814 
Stock-based compensation expense26,100 21,242 20,685 
Equity in undistributed earnings of subsidiaries(267,086)(213,588)(184,479)
Decrease (increase) in other assets(3,448)(5,231)(25,835)
Increase (decrease) in other liabilities(1,069)(11,564)(14,550)
Net cash provided by operating activities74,045 42,735 22,342 
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from principal repayments on loans25,000 — — 
Purchases of furniture, equipment, software and intangibles(805)(817)(457)
Investment in subsidiaries(25,825)(203,086)(7,200)
Net cash used in investing activities(1,630)(203,903)(7,657)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to the settlement of restricted stock units(6,144)(14,481)(10,648)
Repurchase of treasury stock(48,963)— (16,757)
Net (repayment) proceeds of other borrowings— — (51,000)
Payments of debt issuance costs— (2,120)(2,748)
Proceeds from issuance of subordinated notes— 150,000 175,000 
Redemption of preferred stock, Series A— — (5,150)
Cash dividends on preferred stock— — (103)
Net cash provided by (used in) financing activities(55,107)133,399 88,594 
NET CHANGE IN CASH AND CASH EQUIVALENTS17,308 (27,769)103,279 
CASH AND CASH EQUIVALENTS—Beginning of year98,640 126,409 23,130 
CASH AND CASH EQUIVALENTS—End of year$115,948 $98,640 $126,409 
1 The prior period has been revised to conform to the current period presentation.
2 Includes tax benefits of $11,988, $11,927, and $8,967 for the years ended June 30, 2023, 2022, and 2021, respectively.