Axos Financial projects low- to mid-teens annual organic loan growth and a fairly stable net interest margin, while the integration of Arc Technologies will increase noninterest expenses by approximately $1 million per month. President and CEO Gregory Garrabrants said pipelines are up across several lending categories, supporting the growth outlook, and noted that deposit costs should also remain fairly stable. The company closed the Jenius Bank deposit acquisition in May 2026, adding about $2.3 billion in deposits, and expects deposits from the Capital One acquisition and Arc to fund future loan growth, though the timing may temporarily push down stated net interest margin. For the fourth quarter, net income was $124.9 million, or $2.16 per diluted share, and excluding a $21 million legal accrual, net income was $141.8 million, or $2.46 per share. Noninterest expenses were $205.9 million, down $1 million linked quarter when excluding the legal accrual, and ending deposits of $24.6 billion were up 17.9% year-over-year.
Axos Financial IncCEO cites strong pipelines across lending categories supporting low- to mid-teens loan growth.
Capital One Financial CorporationArc integration adds $1 million per month in expenses, increasing costs.