Axos Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The standout move of Q2 2026 was in Yield on securities: 1.59 percentage points lower than in Q1 2026, at 5.11%. Within California, Axos Bank is 18th of 114 on net interest margin, 4.60% as of Q2 2026. Axos Bank reported 4.60% on net interest margin for Q2 2026, 1.01 points above the 3.59% median for banks in the $10B-100B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 7.20% |
| Yield on loans | 7.46% |
| Yield on securities | 5.11% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.34% |
| Cost of interest-bearing deposits | 3.15% |
| Cost of interest-bearing liabilities | 3.24% |
| Cost of borrowings | 4.17% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.60% |
| Yield to cost spread | 3.96% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $411.1M |
| Total interest expense | $175.6M |
| Interest expense on deposits | $158.2M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 7.68% | 3.42% | 4.55% | 7.96% | 5.18% |
| Q4 2023 | 8.05% | 3.58% | 4.79% | 8.37% | 4.74% |
| Q1 2024 | 8.08% | 3.72% | 4.69% | 8.30% | 9.71% |
| Q2 2024 | 7.94% | 3.81% | 4.48% | 8.21% | 9.86% |
| Q3 2024 | 8.31% | 3.17% | 4.90% | 8.56% | 11.73% |
| Q4 2024 | 7.91% | 2.81% | 4.87% | 8.23% | 12.04% |
| Q1 2025 | 7.50% | 2.57% | 4.77% | 7.90% | 8.75% |
| Q2 2025 | 7.63% | 2.61% | 4.83% | 7.90% | 9.33% |
| Q3 2025 | 7.75% | 2.66% | 4.89% | 7.85% | 12.91% |
| Q4 2025 | 7.80% | 2.44% | 5.09% | 7.82% | 13.85% |
| Q1 2026 | 7.33% | 2.32% | 4.77% | 7.49% | 6.70% |
| Q2 2026 | 7.20% | 2.34% | 4.60% | 7.46% | 5.11% |
Axos Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Axos Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Axos Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 35546) · FFIEC NIC profile (RSSD 2917317)