XML 43 R31.htm IDEA: XBRL DOCUMENT v3.24.4

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)

6 Months Ended

Dec. 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 December 31, 2024
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	276,720					$	7,007					$	(3,628)					$	280,099
Provision for credit losses			12,248						—						—						12,248
Non-interest income			2,948						29,004						(4,153)						27,799
Non-interest expense			114,536						28,178						2,606						145,320
Income before taxes			$	152,884					$	7,833					$	(10,387)					$	150,330
			For the Three Months Ended December 31, 2023
(Dollars in thousands)			Banking Business						Securities Business						Corporate/Eliminations						Axos Consolidated
Net interest income			$	226,635					$	6,080					$	(4,109)					$	228,606
Provision for credit losses			13,500						—						—						13,500
Non-interest income			103,779						32,641						(12,291)						124,129
Non-interest expense			102,282						27,968						(8,411)						121,839
Income before taxes			$	214,632					$	10,753					$	(7,989)					$	217,396
			For the Six Months Ended December 31, 2024
(Dollars in thousands)			Banking Business Segment						Securities Business Segment						Corporate/Eliminations						Axos Consolidated
Net interest income			$	565,212					$	14,274					$	(7,339)					$	572,147
Provision for credit losses			26,248						—						—						26,248
Non-interest income			11,538						58,906						(14,036)						56,408
Non-interest expense			232,851						56,269						3,665						292,785
Income before taxes			$	317,651					$	16,911					$	(25,040)					$	309,522
			For the Six Months Ended December 31, 2023
(Dollars in thousands)			Banking Business Segment						Securities Business Segment						Corporate/Eliminations						Axos Consolidated
Net interest income			$	435,854					$	11,622					$	(7,715)					$	439,761
Provision for credit losses			20,500						—						—						20,500
Non-interest income			116,336						67,196						(24,896)						158,636
Non-interest expense			203,068						55,491						(16,214)						242,345
Income before taxes			$	328,622					$	23,327					$	(16,397)					$	335,552
			As of December 31, 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			$	22,919,817					$	751,415					$	38,190					$	23,709,422
			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

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 additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.

			For the Three Months Ended												For the Six Months Ended
			December 31,												December 31,
(Dollars in thousands)			2024						2023						2024						2023
Advisory fee income			$	7,982					$	7,362					$	15,927					$	15,581
Broker-dealer clearing fees			5,706						6,068						10,778						11,603
Deposit service fees			2,537						2,414						3,310						3,094
Card fees			683						732						1,606						1,414
Bankruptcy trustee and fiduciary service fees			1,106						1,397						2,395						2,791
Non-interest income (in-scope of ASC 606)			18,014						17,973						34,016						34,483
Non-interest income (out-of-scope of ASC 606)			9,785						106,156						22,392						124,153
Total non-interest income			$	27,799					$	124,129					$	56,408					$	158,636

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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