AZ - These Analysts Raise Their Forecasts On Axos Financial After Earnings Beat | Benzinga
Axos Financial, Inc. (NYSE: AX) reported better-than-expected second-quarter results on Tuesday.
Axos Financial posted adjusted earnings of $1.60 per share, beating market estimates of $1.38 per share. The company’s quarterly sales came in at $352.74 million versus expectations of $247.50 million, according to data from Benzinga Pro.
Net interest margin increased to 4.55% for the quarter ended Dec. 31, 2023, versus 4.49% for the year-ago quarter.
Net loans for investment came in at $18.3 billion at Dec. 31, 2023, versus $16.5 billion at June 30, 2023.
"Our record second quarter earnings were driven by ...