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PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Jun. 30, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the consolidated financial statements of the Company and the other notes to the consolidated financial statements. Adjustments to to investment in subsidiary, stockholders’ equity and equity in undistributed earnings of subsidiary have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company.
CONDENSED BALANCE SHEETS
 At June 30,
(Dollars in thousands)20212020
ASSETS
Cash and due from banks$126,409 $23,130 
Investment securities14,985 14,038 
Other assets111,084 92,200 
Investment in subsidiary1,411,950 1,254,610 
Total assets
$1,664,428 $1,383,978 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures$185,158 $62,337 
Accounts payable and accrued liabilities and other liabilities78,334 90,795 
Total liabilities263,492 153,132 
Stockholders’ equity1,400,936 1,230,846 
Total liabilities and stockholders’ equity$1,664,428 $1,383,978 
Statements of Income
STATEMENTS OF INCOME
 Year Ended June 30,
(Dollars in thousands)202120202019
Interest income$1,262 $619 $472 
Interest expense10,891 4,348 3,931 
Net interest (expense) income(9,629)(3,729)(3,459)
Net interest (expense) income, after provision for loan losses(9,629)(3,729)(3,459)
Non-interest income (loss)217 58 — 
Non-interest expense and tax benefit1
4,360 11,903 15,143 
Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiary(13,772)(15,574)(18,602)
Dividends from subsidiary45,000 119,114 80,000 
Equity in undistributed earnings of subsidiary184,479 79,898 93,733 
Net income$215,707 $183,438 $155,131 
Comprehensive income$219,151 $182,485 $155,760 
1 Includes tax benefits of $8,967, $5,152, and $10,749 for the years ended June 30, 2021, 2020, and 2019, respectively.
Statements of Cash Flows
STATEMENT OF CASH FLOWS
 Year Ended June 30,
(Dollars in thousands)202120202019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$215,707 $183,438 $155,131 
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of discounts on securities48 26 — 
Amortization of borrowing costs1,569 208 208 
Amortization of operating lease right of use asset9,197 9,079 — 
Stock-based compensation expense20,685 21,935 23,439 
Equity in undistributed earnings of subsidiary(184,479)(79,898)(93,733)
Decrease (increase) in other assets(25,835)(79,227)(8,477)
Increase (decrease) in other liabilities(14,550)72,175 7,986 
Net cash provided by operating activities22,342 127,736 84,554 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities— (15,301)— 
Origination of loans and leases held for investment— — (844)
Purchases of loans and leases, net of discounts and premiums— (59,391)— 
Proceeds from principal repayments on loans— 10 854 
Purchases of furniture, equipment, software and intangibles(457)— — 
Investment in subsidiary(7,200)(10,130)(106,557)
Net cash used in investing activities(7,657)(84,812)(106,547)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to the settlement of restricted stock units(10,648)(7,457)(9,916)
Repurchase of treasury stock(16,757)(38,858)(56,437)
Net (repayment) proceeds of other borrowings(51,000)— — 
Payments of debt issuance costs(2,748)— — 
Proceeds from issuance of subordinated notes175,000 — 7,400 
Redemption of preferred stock, Series A(5,150)— — 
Cash dividends on preferred stock(103)(386)(232)
Net cash provided by (used in) financing activities88,594 (46,701)(59,185)
NET CHANGE IN CASH AND CASH EQUIVALENTS103,279 (3,777)(81,178)
CASH AND CASH EQUIVALENTS—Beginning of year23,130 26,907 108,085 
CASH AND CASH EQUIVALENTS—End of year$126,409 $23,130 $26,907