Axos Financial reported better-than-expected revenue for the second quarter of calendar year 2026, with sales rising 20.9% year on year to $379.8 million, surpassing analyst estimates of $375.8 million. Non-GAAP earnings per share came in at $2.53, a 17.4% beat over the consensus estimate of $2.16. CEO Gregory Garrabrants attributed the outperformance to broad-based loan growth, particularly in commercial specialty and asset-based lending, as well as the integration of Verdant Commercial Capital. Net charge-offs to total assets declined seven basis points from the prior quarter, reflecting improved credit quality. Looking ahead, management projects organic loan growth of $600 million to $800 million per quarter and expects the Verdant acquisition to achieve EPS accretion at the mid to high end of initial projections.
Axos Financial IncBeats Q2 estimates on revenue and EPS, with loan growth and Verdant acquisition driving outperformance.