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Stock impact report

Axos Bank Named One of America’s Best Banks by Forbes

Axos Financial, Inc. (AX) 
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named to Forbes “America’s Best Banks” list for 2020. Forbes ranked Axos Bank thirty-first among this year’s “America’s Best Banks.”Forbes evaluated the largest 100 publicly traded banks and thrifts by assets. S&P Global Market Intelligence provided data regarding growth, credit quality and profitability metrics, including return on average tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans. Forbes also considered nonperforming assets as a percentage of assets, Common Equity Tier 1 ratio, risk-based capital ratio, reserves as a percentage of nonperforming assets and operating revenue growth.“We are honored to be included among Forbes’ Best Banks of America two consecutive years,” stated Greg Garrabrants, President and CEO of Axos Financial, Inc. “The achievement is a testament to our co Show less Read more
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