Axos Financial Q2 Profit Rises Amid Strong Net Interest Income Growth

Axos Financial, Inc. (AX) reported higher Q2 profit on January 29, 2026, driven by increased net interest income and disciplined expense management, signaling improved core banking performance. Net income rose to $87.3 million, or $1.42 per diluted share, up from $76.1 million, or $1.23 per share, in the year-ago quarter. Net interest income climbed 12% year-over-year to $298.5 million, reflecting loan growth and stable margins. Total noninterest expenses increased modestly to $142.6 million, well below revenue growth. The company’s total assets reached $28.7 billion as of quarter-end, up 8% annually. Management noted continued strength in digital banking adoption and commercial lending. Shares rose 3.2% in after-hours trading following the release.