Axos Financial Q3 revenue jumps on acquisitions, but EPS misses estimates by $0.23

Axos Financial reported strong fiscal Q3 2026 revenue growth, driven by acquisitions like Verdant, with non-interest income up 157.7% to $86 million and net interest income rising 11.2% year-over-year. Despite rapid loan and deposit growth and stable asset quality, adjusted earnings per share fell short of consensus by $0.23, partly due to a $41 million credit loss provision on new assets. The stock trades at a premium to book value, prompting a neutral rating with a preference to wait for a larger price pullback before investing further.