AX Earnings Prediction
The chart below shows how AX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AX sees a -4.14% change in stock price 10 days leading up to the earnings, and a +3.94% change 10 days following the report. On the earnings day itself, the stock moves by +0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
AX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
274.21M
24.43%
-0.84%
Gross Margin
--
--
--
Operating Margin
52.66%
-0.83%
-6.38%
Net Margin
38.25%
-3.51%
-4.47%
EPS
1.78
23.61%
-6.81%
No Data Available
AX Earnings Analysis
Axos Financial Inc Corporation (AX.N) Earnings Conference Call
Positive
Net Interest Income Surge: Double digit year over year growth in net interest income of 22.5%, reaching $280 million for the quarter ended December 31, 2024, compared to $228.6 million in the prior period.
Loan Balance Growth: Loan balances increased by 6.7% year over year to $19.5 billion, demonstrating strong organic growth.
Tangible Book Value Growth: Tangible book value per share grew by 21% year over year, reflecting strong returns and effective capital management.
Deposit Growth Overview: Total on-balance sheet deposits rose by 9.5% year over year to $19.9 billion, with demand money market and savings accounts increasing by 10.6%.
Custody Business Asset Growth: Net new assets from the custody business reached $822 million in the December quarter, up from $559 million in the September quarter, indicating strong momentum in asset growth.
Negative
Net Income Decline: Net income decreased to approximately $104,000,000 for the quarter ended December 31, 2024, down from $152,800,000 in the corresponding period a year ago, indicating a significant decline in profitability.
Declining Loan Yields: Average loan yields fell to 8.37% for the quarter ended December 31, 2024, down from 9.01% in the prior quarter, reflecting a decrease in loan profitability.
Rising Non-Performing Assets: Non-performing assets (NPAs) more than doubled since June 30, with notable increases in single family jumbo mortgages by approximately $10,400,000 and commercial real estate loans by $20,000,000, raising concerns about asset quality.
Credit Loss Provision Decline: The provision for credit losses was $12,000,000 in the 3 months ended December 31, 2024, compared to $13,500,000 in the corresponding period a year ago, indicating a decline in reserve adequacy amid rising credit risk.
Decline in Jumbo Mortgages: Loan balances in the single family and multifamily jumbo mortgages declined by $381,000,000 this quarter, highlighting challenges in maintaining loan growth in key segments.
AX FAQs
How does AX typically perform around its earnings report dates?
Is Axos Financial Inc (AX) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AX Earning Call Sentiment
Earnings call transcript: Axos Financial Q4 2024 beats EPS estimates, shares fall
AX.N
-2.92%Positive
The earnings call highlights strong financial performance with increased net interest income and improved net interest margin. Despite a decrease in net income due to a prior year gain, the company shows effective cost management and capital deployment strategies. The Q&A section reveals optimism about loan growth and potential share repurchases. However, management's vague responses on certain issues could raise minor concerns. Considering the company's market cap, the overall sentiment is positive, with potential share repurchases and strong financial metrics likely leading to a stock price increase of 2% to 8%.
