Axos Financial, Inc. (NYSE: AX) (“Axos” or “the company”) is a $28.2 billion asset bank holding company for San Diego, CA-based Axos Bank, a digital, branchless bank founded in 2000. It offers an enhanced digital customer experience across three divisions—consumer banking, commercial banking, and securities—with Axos Securities comprising clearing and custody (Axos Clearing), digital wealth management (Axos Invest), and self-directed trading (Axos Trading).
The company’s digital banking strategy has a nationwide reach with both business and consumer product offerings. Leveraging technology at all levels of the operation and forgoing the related costs of a branch-based network allows for better efficiency relative to similarly rated peers.
AX has opportunistically acquired complementary business lines, earning assets, and liabilities to support balance sheet growth. Recent transactions include the expected 2Q26 acquisition of $2.6 billion in…
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