Axos Financial: Fiscal Q4 Earnings Snapshot

August 4, 2022 GMT

LAS VEGAS (AP) _ Axos Financial (AX) on Thursday reported fiscal fourth-quarter earnings of $57.9 million.

The Las Vegas-based company said it had profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.12 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The bank holding company posted revenue of $211.3 million in the period. Its adjusted revenue was $192.5 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $180.8 million.

For the year, the company reported profit of $240.7 million, or $3.97 per share. Revenue was reported as $720.5 million.

Axos Financial shares have fallen 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $42.27, a decline of nearly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AX at https://www.zacks.com/ap/AX