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PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Jun. 30, 2022
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 investment in subsidiaries, stockholders’ equity and equity in undistributed earnings of subsidiaries have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company.
CONDENSED BALANCE SHEETS
 At June 30,
(Dollars in thousands)20222021
ASSETS
Cash and due from banks$98,640 $126,409 
Investment securities14,486 14,985 
Other assets125,235 111,084 
Investment in subsidiaries1,821,818 1,411,950 
Total assets
$2,060,179 $1,664,428 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures$333,744 $185,158 
Accounts payable and accrued liabilities and other liabilities83,462 78,334 
Total liabilities417,206 263,492 
Stockholders’ equity1,642,973 1,400,936 
Total liabilities and stockholders’ equity$2,060,179 $1,664,428 
Statements of Income
CONDENSED STATEMENTS OF INCOME
 Year Ended June 30,
(Dollars in thousands)202220212020
Interest income$1,777 $1,262 $619 
Interest expense11,183 10,891 4,348 
Net interest (expense) income(9,406)(9,629)(3,729)
Net interest (expense) income, after provision for credit losses(9,406)(9,629)(3,729)
Non-interest income (loss)6,275 217 58 
Non-interest expense and tax benefit1
9,741 4,360 11,903 
Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiaries(12,872)(13,772)(15,574)
Dividends from subsidiaries40,000 45,000 119,114 
Equity in undistributed earnings of subsidiaries213,588 184,479 79,898 
Net income$240,716 $215,707 $183,438 
Comprehensive income$235,276 $219,151 $182,485 
1 Includes tax benefits of $11,927, $8,967, and $5,152 for the years ended June 30, 2022, 2021, and 2020, respectively.
Statements of Cash Flows
STATEMENT OF CASH FLOWS
 Year Ended June 30,
(Dollars in thousands)202220212020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$240,716 $215,707 $183,438 
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of discounts on securities50 48 26 
Amortization of borrowing costs706 1,569 208 
Accretion of discounts on loans56 — — 
Amortization of operating lease right of use asset10,124 9,197 9,079 
Stock-based compensation expense21,242 20,685 21,935 
Depreciation and amortization224 — — 
Equity in undistributed earnings of subsidiaries(213,588)(184,479)(79,898)
Decrease (increase) in other assets(5,231)(25,835)(79,227)
Increase (decrease) in other liabilities(11,564)(14,550)72,175 
Net cash provided by operating activities42,735 22,342 127,736 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities— — (15,301)
Purchases of loans and leases, net of discounts and premiums— — (59,391)
Proceeds from principal repayments on loans— — 10 
Purchases of furniture, equipment, software and intangibles(817)(457)— 
Investment in subsidiaries(203,086)(7,200)(10,130)
Net cash used in investing activities(203,903)(7,657)(84,812)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to the settlement of restricted stock units(14,481)(10,648)(7,457)
Repurchase of treasury stock— (16,757)(38,858)
Net (repayment) proceeds of other borrowings— (51,000)— 
Payments of debt issuance costs(2,120)(2,748)— 
Proceeds from issuance of subordinated notes150,000 175,000 — 
Redemption of preferred stock, Series A— (5,150)— 
Cash dividends on preferred stock— (103)(386)
Net cash provided by (used in) financing activities133,399 88,594 (46,701)
NET CHANGE IN CASH AND CASH EQUIVALENTS(27,769)103,279 (3,777)
CASH AND CASH EQUIVALENTS—Beginning of year126,409 23,130 26,907 
CASH AND CASH EQUIVALENTS—End of year$98,640 $126,409 $23,130