AX News & Events

Axos Nevada Holding entered into a definitive agreement to acquire Arc Technologies, a financial technology platform serving technology and growth companies. Founded in 2021, Arc provides integrated cash management, capital markets, and AI-powered financial software solutions through a unified platform designed to help businesses manage cash, access debt financing, and streamline financial operations. Axos expects the transaction to enhance its ability to serve the millions of small businesses in the United States that are structurally underserved by traditional banks. The acquisition also expands Axos' AI capabilities through Arc's financial intelligence infrastructure and agentic finance tools designed to automate workflows, deliver insights, and improve operational efficiency. The transaction is expected to close in July 2026, subject to customary closing conditions.

Reports Q3 revenue $392.25M, consensus $369.32M. "Strong loan growth and good expense discipline resulted in double digit year-over-year increases in net interest income and diluted EPS," stated Greg Garrabrants, President and Chief Executive Officer of Axos. "Excluding the interest income impact of the FDIC-purchased loans and two fewer days in the quarter ended March 31, 2026, net interest income increased by $5.7 million linked quarter. Non-interest expense rose modestly by 0.7% linked quarter benefiting from lower salaries and benefits expenses and operational efficiencies across the enterprise. We deliberately reduced our higher-cost savings and time deposits in anticipation of the Jenius Bank deposit acquisition closing expected in the June quarter. The acquisition allows us to optimize our funding and prepare for additional organic loan growth."

Axos Bank (AX) and Priority Rollfi, a subsidiary of Priority Technology Holdings (PRTH), announced a new partnership following a competitive RFP process. Rollfi was selected to supply its embedded and white-label payroll and benefits technology infrastructure to enhance Axos's business banking platform. Through this collaboration, Axos Bank will integrate Rollfi's modular, API-based technology to automate payroll processing, streamline tax compliance, and deliver connected employee benefits management. These capabilities will be embedded directly within Axos's digital banking ecosystem, enabling commercial banking clients to manage more of their financial operations in one place