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Stock impact report

Axos Bank Named to the 2024 Forbes America's Best Banks [Yahoo! Finance]

Axos Financial, Inc. (AX) 
Company Research Source: Yahoo! Finance
Forbes considered the 200 largest publicly-traded banks and thrifts by assets and ranked the top 100. The 15th annual Forbes America's Best Banks list evaluated and ranked 100 institutions based on 10 metrics that measure growth, credit quality, and profitability for the 2023 calendar year. It also considered stock performance in the 12 months leading up to March 18, 2024. The 10 financial metrics, each given equal weight, included net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio, nonperforming assets as a percentage of total assets, reserves as a percentage of total assets, risk-based capital ratio, operating revenue growth, and net charge-offs as a percentage of total loans. "We are thrilled to have been recognized by Forbes once again as one of America's top banks," said Greg Garrabrants, President and CEO of Axos Financial, Inc. "This accomplishment is particularly rewarding as it demonstrates our ability to Show less Read more
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