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SEGMENT REPORTING | 12 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer, who is the CODM, in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments and by which segment results are evaluated by the CODM in deciding how to allocate resources and in assessing performance. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations in conjunction with its corporate strategy. Salaries and related costs represent the significant segment expense that is regularly provided to the CODM. The Company operates through two operating segments: Banking Business Segment and Securities Business Segment. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business Segment and non-interest expense incurred by the Banking Business Segment for cash sorting fees related to deposits sourced from Securities Business Segment customers, as well as interest expense paid by the Banking Business Segment to each of the wholly-owned subsidiaries of the Company and to the Company itself for their operating cash held on deposit with the Banking Business Segment. Banking Business Segment. The Banking Business Segment includes a broad range of banking services including online banking, concierge banking, and mortgage, vehicle and unsecured lending through online, low-cost distribution channels to serve the needs of consumers and small businesses nationally, and includes both loans held for investment and held for sale as well as originated and purchased loans. In addition, the Banking Business Segment focuses on providing deposit products nationwide to industry verticals (e.g., Title and Escrow), treasury management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. The Banking Business Segment includes a bankruptcy trustee and fiduciary service that provides specialized software and consulting services to Chapter 7 bankruptcy and non- Chapter 7 trustees and fiduciaries. In addition, the assets and activities related to three lending-related entities and certain other lending activities are included in the Banking Business Segment. Securities Business Segment. The Securities Business Segment includes the clearing broker-dealer, registered investment advisor custody business, and introducing broker-dealer lines of businesses. These lines of business offer products independently to their own customers as well as to Banking Business Segment clients. In order to reconcile the two segments to the consolidated totals, the Company includes parent-only activities and intercompany eliminations. Certain revenues, expenses, assets, and liabilities are presented in “Corporate/Eliminations” in the tables below as they do not exceed the thresholds established for reportable segments under U.S. GAAP. The following tables present the operating results, goodwill, and assets of the segments:
| For the Fiscal Year Ended June 30, 2025
(Dollars in thousands) | Banking Business Segment |  | Securities Business Segment |  | Corporate/Eliminations |  | Axos Consolidated
Net interest income | $ | 1,114,173 |  |  | $ | 28,431 |  |  | $ | (14,832) |  |  | $ | 1,127,772 |
Provision for credit losses | 55,745 |  |  | — |  |  | — |  |  | 55,745 |
Non-interest income | 46,430 |  |  | 119,138 |  |  | (34,502) |  |  | 131,066 |
Salaries and related costs | 207,911 |  |  | 59,439 |  |  | 30,605 |  |  | 297,955 |
Other segment items 1 | 265,634 |  |  | 55,188 |  |  | (29,079) |  |  | 291,743 |
Total non-interest expense | 473,545 |  |  | 114,627 |  |  | 1,526 |  |  | 589,698 |
Income before taxes | $ | 631,313 |  |  | $ | 32,942 |  |  | $ | (50,860) |  |  | $ | 613,395 |
| For the Fiscal Year Ended June 30, 2024
(Dollars in thousands) | Banking Business Segment |  | Securities Business Segment |  | Corporate/Eliminations |  | Axos Consolidated
Net interest income | $ | 950,832 |  |  | $ | 26,207 |  |  | $ | (15,610) |  |  | $ | 961,429 |
Provision for credit losses | 32,500 |  |  | — |  |  | — |  |  | 32,500 |
Non-interest income | 139,071 |  |  | 129,020 |  |  | (45,431) |  |  | 222,660 |
Salaries and related costs | 177,065 |  |  | 55,954 |  |  | 17,854 |  |  | 250,873 |
Other segment items 1 | 241,630 |  |  | 59,137 |  |  | (35,532) |  |  | 265,235 |
Total non-interest expense | 418,695 |  |  | 115,091 |  |  | (17,678) |  |  | 516,108 |
Income before taxes | $ | 638,708 |  |  | $ | 40,136 |  |  | $ | (43,363) |  |  | $ | 635,481 |
| For the Fiscal Year Ended June 30, 2023
(Dollars in thousands) | Banking Business Segment |  | Securities Business Segment |  | Corporate/Eliminations |  | Axos Consolidated
Net interest income | $ | 776,294 |  |  | $ | 21,042 |  |  | $ | (14,215) |  |  | $ | 783,121 |
Provision for credit losses | 24,250 |  |  | — |  |  | — |  |  | 24,250 |
Non-interest income | 42,260 |  |  | 141,107 |  |  | (62,879) |  |  | 120,488 |
Salaries and related costs | 144,864 |  |  | 47,566 |  |  | 11,841 |  |  | 204,271 |
Other segment items 1 | 246,547 |  |  | 55,006 |  |  | (58,209) |  |  | 243,344 |
Total non-interest expense | 391,411 |  |  | 102,572 |  |  | (46,368) |  |  | 447,615 |
Income before taxes | $ | 402,893 |  |  | $ | 59,577 |  |  | $ | (30,726) |  |  | $ | 431,744 |
1 Other segment items includes the non-interest expenses other than salaries and related costs as presented in the Consolidated Statements of Income.
| As of June 30, 2025
(Dollars in thousands) | Banking Business Segment |  | Securities Business Segment |  | Corporate/Eliminations |  | Axos Consolidated
Goodwill | $ | 35,721 |  |  | $ | 59,953 |  |  | $ | 1,999 |  |  | $ | 97,673 |
Total Assets | $ | 23,988,748 |  |  | $ | 751,820 |  |  | $ | 42,510 |  |  | $ | 24,783,078 |
| As of June 30, 2024
(Dollars in thousands) | Banking Business Segment |  | Securities Business Segment |  | Corporate/Eliminations |  | Axos Consolidated
Goodwill | $ | 35,721 |  |  | $ | 59,953 |  |  | $ | 1,999 |  |  | $ | 97,673 |
Total Assets | $ | 22,165,627 |  |  | $ | 649,254 |  |  | $ | 40,453 |  |  | $ | 22,855,334 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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