Axos Financial, Inc. Named Top 5 Public Thrift for Eleventh Consecutive Year
SAN DIEGO--(BUSINESS WIRE)--Apr 15, 2019--Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”), parent of Axos Bank, announced today that it was recognized by S&P Global Market Intelligence as a top-performing public thrift in 2018.
S&P Global Market Intelligence ranks the 50 largest public thrifts using six financial metrics that focus on return on average assets (“ROAA”), return on average tangible common equity (“ROATCE”), efficiency ratio, median three-year growth rate in tangible book value per share (“TBVPS”), nonperforming loans-to-total loans and net charge-offs to average loans for the 12-month period ended December 31, 2018. Axos ranked third overall and top five in ROAA, ROATCE, efficiency ratio and TBVPS.
“A top-five ranking for an 11 th consecutive year is a testament to the consistency of our performance over an extended period of time,” stated Greg Garrabrants, President and Chief Executive Officer of Axos Financial, Inc. “We will continue to execute our efficient and profitable model while carefully managing our capital, compliance, and credit for the benefit of our shareholders.”
S&P Global Market Intelligence is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit www.snl.com.
About Axos Financial, Inc.
Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners. With nearly $10 billion in assets, Axos Bank provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Its wholly-owned subsidiaries, Axos Clearing LLC and WiseBanyan, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit https://www.axosbank.com.
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CONTACT: Johnny Lai, CFA
VP, Corporate Development and Investor Relations
Axos Financial, Inc.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Axos Financial, Inc.
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PUB: 04/15/2019 08:00 AM/DISC: 04/15/2019 08:00 AM