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LAS VEGAS - Axos Financial, Inc. (NYSE: AX), the parent company of Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., has announced an additional $100 million allocation to its ongoing common stock repurchase initiative. This decision, made by the Board of Directors, supplements the existing repurchase program that was first made public on April 27, 2023. The company, currently valued at $4.08 billion in market capitalization, has demonstrated strong financial health with an overall score of "GREAT" according to InvestingPro analysis.
The company has approximately $48 million remaining from the previous authorization, which was updated on February 12, 2024. The timing and volume of repurchases will be determined by management based on various factors such as market conditions, stock price, and other potential capital deployment opportunities. Currently trading at $72.23, InvestingPro analysis suggests the stock is slightly overvalued relative to its Fair Value, despite showing impressive revenue growth of 17.72% over the last twelve months.
Axos Financial, with consolidated assets of around $24.0 billion as of March 31, 2025, operates nationwide, offering consumer and business banking products through cost-effective distribution channels and affinity partners. Axos Clearing LLC and its division, Axos Advisor Services, manage approximately $37.1 billion in assets under custody/administration as of March 31, 2025. Additionally, Axos Invest, Inc. provides digital investment advisory services to retail investors. The company maintains a healthy P/E ratio of 9.67 and has demonstrated strong returns over the past five years, according to InvestingPro data, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ top US stocks.
The company’s stock is traded on the New York Stock Exchange under the symbol "AX" and is included in various indices such as the Russell 2000®, the S&P SmallCap 600®, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index.
While the announcement reflects Axos Financial’s confidence in its stock value and commitment to shareholder returns, the press release also contains forward-looking statements that involve certain risks and uncertainties. These include, but are not limited to, the company’s ability to continue its profitable growth, diversify its lending and deposit franchises, and successfully integrate acquisitions.
Investors are cautioned that actual results could differ from expectations due to various factors, including changes in economic conditions, interest rates, regulatory environments, and the competitive landscape. The company underlines that it has no obligation to update or revise any forward-looking statements due to new information or future events.
This article is based on a press release statement from Axos Financial, Inc.
In other recent news, Axos Financial reported its third-quarter 2025 earnings, exceeding analyst expectations with an earnings per share (EPS) of $1.81, compared to the projected $1.72. The company demonstrated resilience amid a challenging market environment, with revenue and net interest income showing year-over-year growth. Net income rose to $105.2 million from $104.7 million in the previous quarter, and total deposits increased by 5.4% year-over-year to $20.1 billion. Axos Financial is making strategic investments in technology and AI, which are expected to support continued loan growth in the high single digits to low teens. In a separate development, DA Davidson revised its price target for Axos Financial, lowering it to $84 from $88, while maintaining a Buy rating. The analyst highlighted the company’s stronger-than-expected quarterly performance, supported by robust fee income and well-managed expenses. Axos Financial’s asset quality indicators also showed improvement, with a focus on maintaining an efficiency ratio below 50%. These developments underscore the company’s strategic focus on growth and operational efficiency.
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