Axos acquires industrial equipment lender [Yahoo! Finance]
Axos Financial, Inc. (AX)
Company Research
Source: Yahoo! Finance
Digital native Axos Bank will acquire Cincinnati-based equipment leasing company Verdant Commercial Capital for $43.5 million, the bank announced Monday Verdant, which lends to the industrial and manufacturing sectors, has roughly $1.1 billion in loans and leases on its balance sheet. It originates equipment finance leases, conditional sale leases, fair market value leases, and terminal rental adjustment clause leases between $50,000 and $5 million. “This acquisition provides us with more scale and enhances our existing equipment leasing business with good risk-adjusted returns,” said Greg Garrabrants, CEO of Axos Bank's parent company, Axos Financial. In 2016, Axos entered the equipment leasing space by purchasing Salt Lake City, Utah-based Pacific Western Equipment Finance. Verdant also serves the golf and sport, renewables and energy efficiency, specialty vehicles and technology and office automation verticals. “We like Verdant's specialization in vendor-based equipment
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News
- Axos Financial (NYSE:AX) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Axos Financial (NYSE:AX) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Axos Financial (AX): Profit Margin Drops to 36%, Undercutting Bullish Narratives on Earnings Quality [Yahoo! Finance]Yahoo! Finance
- Why Axos Financial (AX) Shares Are Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- Axos Financial (NYSE:AX) had its price target raised by analysts at Needham & Company LLC from $105.00 to $107.00. They now have a "buy" rating on the stock.MarketBeat
AX
Earnings
- 10/30/25 - Beat
AX
Sec Filings
- 12/5/25 - Form 144
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- AX's page on the SEC website