Axos Financial, Inc. AX

AX Company Overview

Axos Financial, Inc. is a diversified financial services company headquartered in San Diego, California, primarily operating through its banking subsidiary, Axos Bank. The company provides consumer and commercial banking, securities clearing, custody, asset management, and lending services, with a business model centered on digital-first banking and low-cost nationwide deposit gathering. Axos operates primarily in the financial services and banking industries, serving retail consumers, small and medium-sized businesses, institutional clients, and commercial real estate borrowers across the United States.

The company’s principal revenue drivers include interest income from commercial and consumer loans, residential and multifamily real estate lending, securities-based lending, and fee income generated through clearing, custody, advisory, and payment-related services. Axos has positioned itself as a technology-enabled financial institution with limited branch infrastructure, allowing it to operate with lower overhead costs than many traditional banks. The company traces its origins to Bank of Internet USA, founded in 1999 as one of the first federally insured internet-only banks in the United States. In 2018, the parent company changed its name from BofI Holding, Inc. to Axos Financial, Inc., reflecting an expansion beyond online banking into broader financial services.