XML 36 R25.htm IDEA: XBRL DOCUMENT v3.23.3

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)

3 Months Ended

Sep. 30, 2023

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 September 30, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	209,219					$	5,542					$	(3,606)					$	211,155
Provision for credit losses			7,000						—						—						7,000
Non-interest income			12,557						34,555						(12,605)						34,507
Non-interest expense			100,786						27,523						(7,803)						120,506
Income before taxes			$	113,990					$	12,574					$	(8,408)					$	118,156
			For the 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
			As of September 30, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Goodwill			$	35,721					$	61,952					$	—					$	97,673
Total Assets			$	19,929,316					$	858,141					$	37,749					$	20,825,206
			As of June 30, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Goodwill			$	35,721					$	61,952					$	—					$	97,673
Total Assets			$	19,396,167					$	899,496					$	52,806					$	20,348,469

Schedule of Other Nonoperating Income (Expense)

The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For further information of the Company’s recognition of revenue and ASC 606 see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K.

									For the Three Months Ended
									September 30,
(Dollars in thousands)															2023						2022
Advisory fee income															$	8,219					$	6,959
Broker-dealer clearing fees															5,535						5,233
Deposit service fees															680						1,106
Card fees															682						789
Bankruptcy trustee and fiduciary service fees															1,394						773
Non-interest income (in-scope ASC 606)															16,510						14,860
Non-interest income (out-of-scope ASC 606)															17,997						12,348
Total non-interest income															$	34,507					$	27,208

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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ 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