Axos Bank
San Diego, California, San Diego County
$28.9B in total assets, the 77th largest of 4,309 US banks and 4th of 120 headquartered in California.
- FDIC certificate
- 35546
- Established
- 2000
- Owned by
- Axos Financial Inc
- Primary regulator
- OCC
- Website
- www.axosbank.com
At a glance
Compared with 9 banks headquartered in California with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $28.9B | 67% | $21.2B | |
| Loans | $25.0B | 67% | $15.0B | |
| Deposits | $24.8B | 67% | $18.1B | |
| Return on assets | 2.09% | 98% | 1.04% | |
| Net interest margin | 4.69% | 98% | 3.31% | |
| Efficiency ratio | 42.3% | 22% | 58.8% | |
| Equity to assets | 9.72% | 2% | 12.58% | |
| Loans to deposits | 101% | 98% | 84% |
Growth
Total assets grew 17.8% a year over the last 5 years and 14.3% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2019 | MWABank Rock Island, IL | $315M |
| Sep 2015 | H&R Block Bank, National Association Kansas City, MO | $968M |
| Jun 2015 | Union Federal Savings Bank North Providence, RI | $132M |
Where they operate
3 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| San Diego County, CA | $23.1B | 17.1% | 2 of 42 |
| Clark County, NV | $1.6B | 1.6% | 10 of 41 |
| Salt Lake County, UT | $162M | 0.0% | 40 of 57 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (2 to 3, +50.0%). 2 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 2 | |||
| 2019 | Opened Grandview Heights | 1 | 0 | +1 | 3 |
| 2021 | Closed Grandview Heights | 0 | 1 | −1 | 2 |
| 2025 | Opened Sandy | 1 | 0 | +1 | 3 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 16% | 31% | |
| Commercial real estate | 13% | 32% | |
| Business (C&I) | 12% | 10% | |
| Construction and land | 5% | 3% | |
| Multifamily | 5% | 12% | |
| Consumer | 3% | 2% | |
| Other | 47% | 9% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 82% | 51% | |
| Noninterest-bearing | 16% | 27% | |
| Time deposits | 2% | 21% |
Brokered deposits are 3.8% of deposits (peers 8.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.44% | 0.52% |
| Net charge-offs, annualized | 0.09% | 0.04% |
| Reserves to loans | 1.06% | 1.05% |
| Leverage ratio | 9.24% | 10.82% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in California
Largest competitors in San Diego County, CA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/axos