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SEGMENT REPORTING AND REVENUE INFORMATION (Tables)

9 Months Ended

Mar. 31, 2024

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, 2024
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	258,435					$	7,133					$	(3,962)					$	261,606
Provision for credit losses			6,000						—						—						6,000
Non-interest income			11,908						32,746						(11,491)						33,163
Non-interest expense			104,959						32,488						(4,219)						133,228
Income before taxes			$	159,384					$	7,391					$	(11,234)					$	155,541
			For the Three Months Ended March 31, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	196,249					$	6,335					$	(3,602)					$	198,982
Provision for credit losses			5,500						—						—						5,500
Non-interest income			10,685						38,298						(16,737)						32,246
Non-interest expense			98,252						25,138						(12,346)						111,044
Income before taxes			$	103,182					$	19,495					$	(7,993)					$	114,684
			For the Nine Months Ended March 31, 2024
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	694,289					$	18,755					$	(11,677)					$	701,367
Provision for credit losses			26,500						—						—						26,500
Non-interest income			128,244						99,942						(36,387)						191,799
Non-interest expense			308,027						87,979						(20,433)						375,573
Income before taxes			$	488,006					$	30,718					$	(27,631)					$	491,093
			For the Nine Months Ended March 31, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	574,524					$	15,486					$	(10,643)					$	579,367
Provision for credit losses			17,251						—						—						17,251
Non-interest income			31,954						103,467						(47,638)						87,783
Non-interest expense			295,831						74,924						(35,597)						335,158
Income before taxes			$	293,396					$	44,029					$	(22,684)					$	314,741

			As of March 31, 2024
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Goodwill			$	35,721					$	61,952					$	—					$	97,673
Total Assets			$	21,794,503					$	816,409					$	31,221					$	22,642,133
			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												For the Nine Months Ended
			March 31,												March 31,
(Dollars in thousands)			2024						2023						2024						2023
Advisory fee income			$	8,105					$	6,879					$	23,686					$	20,821
Broker-dealer clearing fees			4,885						6,228						16,488						15,886
Deposit service fees			525						623						3,619						3,931
Card fees			495						737						1,909						3,670
Bankruptcy trustee and fiduciary service fees			1,418						1,566						4,209						4,506
Non-interest income (in-scope of ASC 606)			15,428						16,033						49,911						48,814
Non-interest income (out-of-scope of ASC 606)			17,735						16,213						141,888						38,969
Total non-interest income			$	33,163					$	32,246					$	191,799					$	87,783

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.

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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.

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-Topic 350
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