Axos Financial, Inc. (NYSE:AX) Q4 2023 Earnings Conference Call July 27, 2023 5:00 PM ET

Company Participants

Johnny Lai – Senior Vice President, Corporate Development and Investor Relations

Greg Garrabrants – President and Chief Executive Officer

Derrick Walsh – Executive Vice President and Chief Financial Officer

Conference Call Participants

Andrew Liesch – Piper Sandler

Gary Tenner – D.A. Davidson

David Feaster – Raymond James

Michael Perito – KBW

Operator

Greeting, and welcome to the Axos Financial Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to our host, Johnny Lai, Senior Vice President, Corporate Development and Investor Relations. Thank you. You may begin.

Johnny Lai

Thanks, Diego, and good afternoon everyone. Thanks for your interest in Axos. Joining us today Axos Financial Inc.’s fourth quarter 2023 financial results conference call are the company's President and Chief Executive Officer, Greg Garrabrants; and Executive Vice President and Chief Financial Officer, Derrick Walsh; and Executive Vice President of Finance, Andy Micheletti. Greg and Derrick will review and comment on the financial and operational results for the three and 12 months ended June 30, 2023, and we will be available to answer questions after the prepared remarks.

Before I begin, I would like to remind listeners that prepared remarks made on this call may contain forward-looking statements that are subject to risks and uncertainties, and that management may make additional forward-looking statements in response to your questions. Please refer to the safe harbor statement found in today's earnings press release and in our investor presentation for additional details.

This call is being webcast, and there will be an audio replay available in the Investor Relations section of the company's website located at axosfinancial.com for 30 days. Details for this call were provided on the conference call announcement and in today's earnings press release.

Before handing the call over to Greg, I'd like to remind our listeners that in addition to the earnings press release and 8-K, we also issued an earnings supplement for this call. All of these documents can be found on the axosfinancial.com website.

With that, I'd like to turn the call over to Greg.

Greg Garrabrants

Thank you, Johnny. Good afternoon everyone, and thank you for joining us. I'd like to welcome everyone to Axos Financial’s conference call for the fourth fiscal quarter ended June 30, 2023. I thank you for your interest in Axos Financial and Axos Bank. We delivered double-digit year-over-year growth in earnings per share, book value per share, and ending loan and deposit balances. Our consistently strong results were broad-based with strong net interest margins and double-digit net interest income growth.