Axos Bank
Axos Bank reported total assets of $28.9 bn at Q2 2026, up 20.8% on a year earlier, the 74th largest of 497 banks in our US coverage. The CET1 capital ratio at Axos Bank was 10.93%, and the uninsured share of Axos Bank was 21.23%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Axos Bank slipped from 304th to 416th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Axos Bank reports one of the lowest common equity tier 1 (CET1) ratio readings among banks of $10 bn to $100 bn: 10.93% at , where the median of the 126 banks is 12.97% (FDIC Call Reports).
- At 22.41%, the return on equity (ROE) of Axos Bank sits in the top tenth of its size group ($10 bn to $100 bn, 126 banks), where the median is 10.71% (FDIC Call Reports).
What sets Axos Bank apart
- Few banks of $10 bn to $100 bn report a higher return on assets (ROA) than Axos Bank, at 2.16% in against a group median of 1.25%.
- Axos Bank has one of the highest loan-to-deposit ratio readings among banks of $10 bn to $100 bn: 99.47% at , against a median of 85.69% across 126 banks.
How large is Axos Bank?
The balance sheet of Axos Bank at : assets $28.9 bn, deposits $24.8 bn, net loans $24.7 bn (loans equal to 99.47% of deposits). Securities make up 5.4% of total assets at Axos Bank. Since , when Axos Bank held $7.7 bn, its assets grew 275.1%. In the year to , deposits at Axos Bank rose 18.0% while its total assets rose 20.8%. At , Axos Bank employed 1,596 full-time equivalent staff across 3 offices, about $18.1 mn of assets per employee and $8.3 bn of deposits per office.
How much funding at Axos Bank is uninsured?
At Axos Bank, uninsured deposits (above the FDIC limit) made up 21.23% of domestic deposits at (+6.58 pp on a year earlier); Axos Bank ranks 403rd of 500 on this measure. In dollars, Axos Bank estimated $5.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $24.8 bn | +18.0% | 72nd of 499 |
| Net loans and leases | $24.7 bn | +24.9% | 59th of 500 |
| Loan-to-deposit ratio | 99.47% | +5.48 pp | 62nd of 500 |
| Tier 1 leverage ratio | 9.24% | -0.99 pp | 402nd of 500 |
| Total risk-based capital ratio | 12.10% | -1.60 pp | 409th of 448 |
| Net interest margin | 4.69% | -0.11 pp | 50th of 500 |
| Return on assets (ROA) | 2.16% | +0.63 pp | 32nd of 500 |
| Efficiency ratio | 42.30% | -1.06 pp | 67th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Gain of $28.7 mn | Fell by $50.7 mn | |
| Noncurrent loans to total loans | 0.44% | -0.18 pp | 169th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.09% | -0.08 pp | 257th of 500 (1 = lowest) |
US rank of Axos Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Axos Bank: assets, deposits and loans
- Total assets $28.9bn
- Deposits $24.8bn
- Net loans $24.7bn
Capital and securities
The CET1 ratio of Axos Bank stood at 10.93% in , -1.49 pp year on year. Low and high at Axos Bank since : 10.87% () to 14.97% (). Equity capital of Axos Bank at : $2.8 bn, or 9.7% of total assets. Axos Bank also reported a total capital ratio of 12.10% for , and a tier 1 leverage ratio of 9.24%.
The available-for-sale portfolio of Axos Bank showed an unrealized gain of $28.7 mn at ; the gain fell by $50.7 mn over the year.
Axos Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.2%
Axos Bank: unrealized securities gains and losses
- Available for sale $29mn
- Held to maturity $0
Profitability and loan quality
For the year to , Axos Bank earned a return on equity of 22.41%; return on assets: 2.16%. Net interest margin at Axos Bank: 4.69%, -0.11 pp in a year. Axos Bank net income: $303.2 mn, up 70.4% year on year. The efficiency ratio of Axos Bank was 42.30%: about 42 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.44% of total loans at Axos Bank; net charge-offs: 0.09% of average loans. Gross loans and leases at Axos Bank: $25.0 bn, up 24.6% in a year.
Axos Bank: profitability
- Return on equity 22%
- Net interest margin 4.7%
- Return on assets 2.2%
Peer group of Axos Bank
The peer group of Axos Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Axos Bank (federal savings bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in California. Against them, Axos Bank shows CET1 ratio 10.93% against a peer median of 12.55%, return on equity 22.41% against a peer median of 10.05% and uninsured deposit share 21.23% against a peer median of 42.47%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| BNY Mellon | National bank | PA | $30.6 bn | 15.97% | 7.66% | 53.68% | |
| City National Bank of Florida | National bank | FL | $29.1 bn | 14.65% | 11.86% | 51.50% | |
| United Community Bank | State member bank | SC | $29.0 bn | 12.09% | 11.65% | 39.39% | |
| Axos Bank | Federal savings bank | CA | $28.9 bn | 10.93% | 22.41% | 21.23% | |
| Sallie Mae Bank | State nonmember bank | UT | $28.5 bn | 11.78% | 27.51% | 7.15% | |
| Ameris Bank | State nonmember bank | GA | $28.4 bn | 13.01% | 8.46% | 45.56% | |
| Arvest Bank | State member bank | AR | $28.1 bn | 11.45% | 6.57% | 27.78% | |
. FDIC Call Reports.
Last eight quarters
Two years at Axos Bank, to : assets +26.1%, deposits +23.1%, equity +20.2%. Staff 1,370 to 1,596; offices 2 to 3.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $22.9 bn | $22.8 bn | $23.1 bn | $23.9 bn | $26.3 bn | $27.2 bn | $28.2 bn | $28.9 bn |
| Total deposits | $20.2 bn | $20.1 bn | $20.3 bn | $21.0 bn | $22.6 bn | $23.5 bn | $22.7 bn | $24.8 bn |
| Bank equity capital | $2.3 bn | $2.4 bn | $2.4 bn | $2.5 bn | $2.5 bn | $2.6 bn | $2.7 bn | $2.8 bn |
| CET1 ratio | 12.67% | 12.49% | 12.20% | 12.42% | 11.37% | 11.12% | 10.90% | 10.93% |
| Return on equity (ROE) | 17.12% | 17.13% | 14.82% | 14.62% | 16.13% | 17.54% | 22.72% | 22.41% |
| Uninsured share of domestic deposits | 14.05% | 13.39% | 14.72% | 14.65% | 16.11% | 17.78% | 18.47% | 21.23% |
| Full-time equivalent employees | 1,370 | 1,337 | 1,377 | 1,445 | 1,493 | 1,494 | 1,538 | 1,596 |
| Number of offices | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Axos Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Axos Bank?
Axos Bank reported $28.9 bn at in its Call Report. That makes Axos Bank the 74th largest of 497 banks in our US coverage.
Is Axos Bank the same as its holding company?
No. This page covers Axos Bank, FDIC certificate 35546; Axos Financial, Inc., its holding company, reports separately to the Federal Reserve.
Is Axos Bank profitable?
Axos Bank reported net income of $303.2 mn for the year to ; annualized return on equity: 22.41%. So yes: Axos Bank made a profit over these months.
When is data for Axos Bank next updated?
Figures from Axos Bank for are due after .
Where can I check the figures for Axos Bank?
In the FDIC BankFind Suite record for certificate 35546, and in the Call Reports of Axos Bank (RSSD ID 2917317) at the FFIEC Central Data Repository.