Axos Financial, Inc. AX

Company Overview

Axos Financial, Inc. (NYSE: AX), formerly known as Bank of Internet USA Bancorp, Inc., is a diversified financial services holding company headquartered in San Diego, California. The company primarily operates through its wholly owned banking subsidiary, Axos Bank, a federally chartered savings bank that provides consumer and commercial banking products through a predominantly digital operating model. Axos operates in the banking and financial technology-enabled financial services industries, with revenue primarily generated through net interest income, loan origination and servicing activities, securities-related services, and fee-based banking products.

The company’s principal business lines include consumer and commercial lending, deposit gathering, securities clearing, registered investment advisor custody services, and treasury management solutions. Key customer segments include retail consumers, small and medium-sized businesses, commercial real estate operators, institutional clients, and registered investment advisors. Axos has positioned itself as a low-overhead, technology-focused banking institution with a national reach enabled by its branch-light infrastructure and online banking platform. The company traces its origins to 1999 with the founding of Bank of Internet USA, one of the first federally insured internet-only banks in the United States, before rebranding to Axos Financial in 2018 to reflect its broader financial services platform.