Axos Financial (AX) 10-Q27 Apr 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 31, 2023	Apr. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-37709
Entity Registrant Name	AXOS FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0867444
Entity Address, Address Line One	9205 West Russell Road, Suite 400
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89148
City Area Code	858
Local Phone Number	649-2218
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	AX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,112,591
Entity Central Index Key	0001299709
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
ASSETS
Cash and cash equivalents	$ 2,324,022	$ 1,202,587
Cash segregated for regulatory purposes	180,202	372,112
Total cash, cash equivalents, and cash segregated	2,504,224	1,574,699
Securities:
Trading	400	1,758
Available-for-sale	279,612	262,518
Stock of regulatory agencies	20,889	20,368
Loans held for sale, carried at fair value	7,920	4,973
Loans held for sale, lower of cost or fair value	303	10,938
Loans—net of allowance for credit losses of $161,293 as of March 31, 2023 and $148,617 as of June 30, 2022	15,836,255	14,091,061
Mortgage servicing rights, carried at fair value	25,396	25,213
Securities borrowed	87,293	338,980
Customer, broker-dealer and clearing receivables	323,359	417,417
Goodwill and other intangible assets—net	154,928	156,405
Other assets	541,902	496,835
TOTAL ASSETS	19,782,481	17,401,165
Deposits:
Non-interest bearing	3,172,791	5,033,970
Interest bearing	13,566,078	8,912,452
Total deposits	16,738,869	13,946,422
Advances from the Federal Home Loan Bank	90,000	117,500
Borrowings, subordinated notes and debentures	334,330	445,244
Securities loaned	114,613	474,400
Customer, broker-dealer and clearing payables	406,092	511,654
Accounts payable and other liabilities	254,473	262,972
Total liabilities	17,938,377	15,758,192
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized; 69,340,533 shares issued and 59,355,124 shares outstanding as of March 31, 2023; 68,859,722 shares issued and 59,777,949 shares outstanding as of June 30, 2022	694	689
Additional paid-in capital	472,933	453,784
Accumulated other comprehensive income (loss)—net of tax	(5,573)	(2,933)
Retained earnings	1,648,253	1,428,444
Treasury stock, at cost; 9,985,409 shares as of March 31, 2023 and 9,081,773 shares as of June 30, 2022	(272,203)	(237,011)
Total stockholders’ equity	1,844,104	1,642,973
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 19,782,481	$ 17,401,165

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
ASSETS
Allowance for loan and lease losses	$ 161,293	$ 148,617
STOCKHOLDERS’ EQUITY:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	69,340,533	68,859,722
Common stock, shares outstanding (in shares)	59,355,124	59,777,949
Treasury stock, at cost (in shares)	9,985,409	9,081,773

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 279,864	$ 153,873	$ 743,863	$ 452,518
Securities borrowed and customer receivables	5,137	3,833	13,842	16,050
Investments	22,333	2,475	53,003	6,999
Total interest and dividend income	307,334	160,181	810,708	475,567
INTEREST EXPENSE:
Deposits	98,439	6,924	202,292	22,441
Advances from the Federal Home Loan Bank	4,454	973	12,121	2,962
Securities loaned	1,307	152	3,317	621
Other borrowings	4,152	2,594	13,611	7,795
Total interest expense	108,352	10,643	231,341	33,819
Net interest income	198,982	149,538	579,367	441,748
Provision for credit losses	5,500	4,500	17,750	12,500
Net interest income, after provision for credit losses	193,482	145,038	561,617	429,248
NON-INTEREST INCOME:
Broker-dealer fee income	13,745	5,174	32,735	17,968
Advisory fee income	6,879	7,739	20,821	21,078
Banking and service fees	8,443	7,278	25,100	22,444
Mortgage banking income	1,107	5,790	5,113	15,700
Prepayment penalty fee income	2,072	2,793	4,014	9,073
Total non-interest income	32,246	28,774	87,783	86,263
NON-INTEREST EXPENSE:
Salaries and related costs	53,046	43,133	149,762	123,849
Data processing	15,808	12,274	44,462	36,565
Depreciation and amortization	5,671	6,061	17,722	18,574
Advertising and promotional	11,786	3,357	29,055	10,131
Professional services	6,747	4,346	23,289	14,834
Occupancy and equipment	3,873	3,742	11,610	10,265
FDIC and regulatory fees	3,859	3,115	11,163	7,856
Broker-dealer clearing charges	3,356	3,561	9,924	11,244
General and administrative expense	6,898	7,230	37,672	23,951
Total non-interest expense	111,044	86,819	334,659	257,269
INCOME BEFORE INCOME TAXES	114,684	86,993	314,741	258,242
INCOME TAXES	34,834	25,170	94,932	75,422
NET INCOME	79,850	61,823	219,809	182,820
COMPREHENSIVE INCOME	$ 81,222	$ 58,853	$ 217,169	$ 178,687
Basic earnings per common share (in dollars per share)	$ 1.33	$ 1.04	$ 3.67	$ 3.07
Diluted earnings per common share (in dollars per share)	$ 1.32	$ 1.02	$ 3.63	$ 3.02

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 79,850	$ 61,823	$ 219,809	$ 182,820
Net unrealized gain (loss) from available-for-sale securities, net of income tax expense (benefit) of $(1,215) and $(214) for the three months ended September 30, 2022 and 2021, respectively.	1,372	(2,970)	(2,640)	(4,133)
Other comprehensive income (loss)	1,372	(2,970)	(2,640)	(4,133)
Comprehensive income	$ 81,222	$ 58,853	$ 217,169	$ 178,687

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) from available-for-sale securities, tax expense (benefit)	$ 588	$ (1,238)	$ (1,130)	$ (1,726)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2021		68,069,321
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2021			(8,751,377)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2021		59,317,944
Stockholder's equity, beginning balance at Jun. 30, 2021	$ 1,400,936	$ 681	$ (222,530)	$ 432,550	$ 1,187,728	$ 2,507
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	182,820				182,820
Other comprehensive income (loss)	(4,133)					(4,133)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		548,089
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(203,238)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		344,851
Stock-based compensation activity	5,962	$ 5	$ (9,921)	15,878
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2022		68,617,410
Common stock, treasury, ending balance (in shares) at Mar. 31, 2022			(8,954,615)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2022		59,662,795
Stockholder's equity, ending balance at Mar. 31, 2022	1,585,585	$ 686	$ (232,451)	448,428	1,370,548	(1,626)
Common stock, issued and treasury, beginning balance (in shares) at Dec. 31, 2021		68,376,837
Common stock, treasury, beginning balance (in shares) at Dec. 31, 2021			(8,878,262)
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2021		59,498,575
Stockholder's equity, beginning balance at Dec. 31, 2021	1,523,157	$ 684	$ (228,657)	441,061	1,308,725	1,344
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	61,823				61,823
Other comprehensive income (loss)	(2,970)					(2,970)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		240,573
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(76,353)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		164,220
Stock-based compensation activity	3,575	$ 2	$ (3,794)	7,367
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2022		68,617,410
Common stock, treasury, ending balance (in shares) at Mar. 31, 2022			(8,954,615)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2022		59,662,795
Stockholder's equity, ending balance at Mar. 31, 2022	$ 1,585,585	$ 686	$ (232,451)	448,428	1,370,548	(1,626)
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2022	68,859,722	68,859,722
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2022	(9,081,773)		(9,081,773)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2022	59,777,949	59,777,949
Stockholder's equity, beginning balance at Jun. 30, 2022	$ 1,642,973	$ 689	$ (237,011)	453,784	1,428,444	(2,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	219,809				219,809
Other comprehensive income (loss)	(2,640)					(2,640)
Purchase of treasury stock (in shares)		(849,081)	(849,081)
Purchase of treasury stock	(31,605)		$ (31,605)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		480,811
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(54,555)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		426,256
Stock-based compensation activity	$ 15,567	$ 5	$ (3,587)	19,149
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2023	69,340,533	69,340,533
Common stock, treasury, ending balance (in shares) at Mar. 31, 2023	(9,985,409)		(9,985,409)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2023	59,355,124	59,355,124
Stockholder's equity, ending balance at Mar. 31, 2023	$ 1,844,104	$ 694	$ (272,203)	472,933	1,648,253	(5,573)
Common stock, issued and treasury, beginning balance (in shares) at Dec. 31, 2022		69,153,591
Common stock, treasury, beginning balance (in shares) at Dec. 31, 2022			(9,153,512)
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2022		60,000,079
Stockholder's equity, beginning balance at Dec. 31, 2022	1,787,559	$ 692	$ (239,941)	465,350	1,568,403	(6,945)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	79,850				79,850
Other comprehensive income (loss)	1,372					1,372
Purchase of treasury stock (in shares)		(849,081)	(849,081)
Purchase of treasury stock	(31,605)		$ (31,605)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		186,942
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			17,184
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		204,126
Stock-based compensation activity	$ 6,928	$ 2	$ (657)	7,583
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2023	69,340,533	69,340,533
Common stock, treasury, ending balance (in shares) at Mar. 31, 2023	(9,985,409)		(9,985,409)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2023	59,355,124	59,355,124
Stockholder's equity, ending balance at Mar. 31, 2023	$ 1,844,104	$ 694	$ (272,203)	$ 472,933	$ 1,648,253	$ (5,573)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 219,809	$ 182,820
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion	17,098	21,728
Stock-based compensation expense	19,154	15,883
Trading activity	1,358	1,617
Provision for credit losses	17,750	12,500
Deferred income taxes	(10,274)	(4,184)
Origination of loans held for sale	(158,500)	(569,614)
Unrealized and realized gains on loans held for sale	(5,650)	(15,964)
Proceeds from sale of loans held for sale	160,696	589,653
Amortization and change in fair value of mortgage servicing rights	375	(1,229)
Net changes in assets and liabilities which provide (use) cash:
Securities borrowed	251,687	344,444
Customer, broker-dealer and clearing receivables	94,058	(82,629)
Other assets	(29,287)	(112,859)
Securities loaned	(359,787)	(281,240)
Customer, broker-dealer and clearing payables	(105,562)	(45,960)
Accounts payable and other liabilities	6,322	14,516
Net cash provided by operating activities	119,247	69,482
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale investment securities	(30,000)	(107,286)
Proceeds from sales of securities	9,735	130,300
Purchase of stock of regulatory agencies	(108,724)	(22,739)
Proceeds from redemption of stock of regulatory agencies	108,724	22,739
Origination of loans held for investment	(6,235,451)	(7,173,040)
Proceeds from sale of loans originally classified as held for investment	14,185	106,324
Mortgage warehouse loans activity, net	118,185	191,291
Proceeds from sales of other real estate owned and repossessed assets	2,311	7,968
Proceeds from BOLI claim settlement	2,778	0
Acquisition of business activity, net of cash acquired	(5,531)	(54,597)
Purchases of loans and leases, net of discounts and premiums	(914)	(31,496)
Principal repayments on loans	4,336,424	5,218,247
Purchases of furniture, equipment, software and intangibles	(19,698)	(11,817)
Net cash used in investing activities	(1,807,976)	(1,724,106)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	2,792,446	1,917,205
Payments of the Federal Home Loan Bank term advances	(27,500)	(15,000)
Net repayment of Federal Home Loan Bank other advances	0	(186,000)
Net (repayments) proceeds of other borrowings	(111,500)	11,800
Tax payments related to settlement of restricted stock units	(3,587)	(9,921)
Purchase of treasury stock	(31,605)	0
Payment of debt issuance costs	0	(1,923)
Proceeds from issuance of subordinated notes	0	150,000
Net cash provided by financing activities	2,618,254	1,866,161
NET CHANGE IN CASH AND CASH EQUIVALENTS	929,525	211,537
CASH AND CASH EQUIVALENTS—Beginning of year	1,574,699	1,037,777
CASH AND CASH EQUIVALENTS—End of period	2,504,224	1,249,314
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on deposits and borrowed funds	228,369	31,974
Income taxes paid	108,272	80,512
Transfers to other real estate and repossessed vehicles	8,206	1,186
Transfers from loans held for investment to loans held for sale	14,185	105,884
Transfers from loans held for sale to loans held for investment	690	1,410
Operating lease liabilities for obtaining right of use assets	$ 1,110	$ 4,167

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries, Axos Bank (the “Bank”) and Axos Nevada Holding, LLC (“Axos Nevada Holding” and collectively, the “Company”). Axos, the Bank and Axos Nevada Holding comprise substantially all of the Company's assets and liabilities and revenues and expenses. Axos Bank and its wholly owned subsidiary constitute the Banking Business segment and Axos Nevada Holding wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Results for the three and nine months ended March 31, 2023 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or not repeated herein pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2022 included in our Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2022 (“2022 Form 10-K”). A reclassification of certain components of non-interest income for the three and nine months ended March 31, 2022 has been made to conform to the current period presentation. This reclassification had no effect on the Company’s total non-interest income, net income, financial position or cash flows. Additional reclassifications of certain amounts in the Condensed Consolidated Statement of Cash Flows for the nine months ended March 31, 2022 have been made to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position. Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. New Accounting Standards Accounting Standards Issued But Not Yet Adopted The Financial Accounting Standards Board has issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company plans to adopt these ASUs in fiscal year 2024 and while it is still evaluating the impact on its Consolidated Financial Statements, the Company does not expect the application of the provisions of these ASUs to have a material impact. For a further discussion of new accounting standards issued but not yet adopted which are applicable to the Company see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
ACQUISITIONS	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS From time to time the Company completes acquisitions and related corporate activities to supplement the organic growth and development of the business. On August 2, 2021, the Company’s subsidiary, Axos Clearing LLC, acquired certain assets and liabilities of E*TRADE Advisor Services (“EAS”), the registered investment advisor custody business of Morgan Stanley. This business was rebranded as Axos Advisor Services (“AAS”). AAS adds incremental fee income, a turnkey technology platform used by independent registered investment advisors for trading and custody services, and low cost deposits that can be used to generate fee income from other bank partners or to fund loan growth at Axos Bank. The purchase price of $54.8 million consisted entirely of cash consideration paid upon acquisition and working capital adjustments. The Company incurred acquisition-related costs totaling $0.04 million in total, all of which were recognized in the year ended June 30, 2022. The acquisition is accounted for as a business combination under the acquisition method of accounting. Accordingly, tangible and intangible assets acquired (and liabilities assumed) are recorded at their estimated fair values as of the date of acquisition. The preliminary allocation of the $54.6 million purchase price consisted of $14.4 million of fair value of tangible assets acquired (which included $7.8 million of a right-of-use lease asset), $11.3 million of liabilities assumed (which included $7.8 million of a lease liability), $27.1 million of identifiable intangible assets and $24.4 million of goodwill, all of which is expected to be deductible for tax purposes. In December 2021, the Company made a $0.2 million true-up payment based on working capital adjustments, which was recorded as an increase in the purchase price up to $54.8 million with no impact on goodwill or identifiable intangible assets. After the working capital true-up, the final acquisition fair value of tangible assets acquired was $14.2 million and the final acquisition fair value of liabilities acquired was $10.9 million. Goodwill was calculated as the excess of consideration exchanged over the fair value of identifiable net assets acquired. The goodwill includes synergies expected to result from combining the acquired assets and liabilities with existing operations, coupling its custody platform with the Company’s existing product offerings and leveraging customer relationships through registered investment advisors (“RIAs”). The following table summarizes the fair value and useful life of each intangible asset acquired as of the acquisition date: (Dollars in thousands) Fair Value Useful Lives (Years) Trade Name $ 290 0.16 Proprietary Technology 10,990 7 Customer Relationships 15,650 14 Non-Compete Agreements 130 1 Total $ 27,060 The following table presents the results of operations of AAS for the nine months ended March 31, 2022 on an unaudited pro forma basis, as if the acquisition of the entity rebranded to AAS had been consummated on July 1, 2020. The results of operations of AAS for the three months ended March 31, 2022 are reflected in the unaudited Condensed Consolidated Statements of Income. The unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the Company’s results of operations would have been if the acquisition of EAS had occurred as of July 1, 2020, or the results of operations for any future periods. Additionally, the information presented does not reflect any synergies or other strategic benefits as a result of acquisition. Pro Forma Revenue (Dollars in thousands) For the Nine Months Ended March 31, 2022 Non-interest income $ 25,136 It is not practical to disclose net income on a pro forma basis as the assets and liabilities acquired are a component of a business.

FAIR VALUE

FAIR VALUE	9 Months Ended
FAIR VALUE	Mar. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2023 and June 30, 2022 are classified in their entirety based on the lowest level of input significant to the fair value measurement. March 31, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 400 $ — $ 400 Securities—Available-for-sale: Agency MBS 1 22,782 — 22,782 Non-Agency MBS 2 — 206,300 206,300 Municipal 3,384 — 3,384 Asset-backed securities and structured notes 47,146 — 47,146 Total—Securities—Available-for-sale $ 73,312 $ 206,300 $ 279,612 Loans held for sale $ 7,920 $ — $ 7,920 Mortgage servicing rights $ — $ 25,396 $ 25,396 Other assets—Derivative instruments $ — $ 381 $ 381 LIABILITIES: Other liabilities—Derivative instruments $ — $ 1,037 $ 1,037 June 30, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 1,758 $ — $ 1,758 Securities—Available-for-sale: Agency MBS 1 25,325 — 25,325 Non-Agency MBS 2 — 186,814 186,814 Municipal 3,248 — 3,248 Asset-backed securities and structured notes 47,131 — 47,131 Total—Securities—Available-for-sale $ 75,704 $ 186,814 $ 262,518 Loans held for sale $ 4,973 $ — $ 4,973 Mortgage servicing rights $ — $ 25,213 $ 25,213 Other assets—Derivative instruments $ — $ 464 $ 464 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ — 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. Additional information is presented below about assets measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended March 31, 2023 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 175,123 $ 25,526 $ 18 $ 200,667 Total gains or losses for the period: Included in earnings—Mortgage banking income — (282) (674) (956) Included in other comprehensive income 1,231 — — 1,231 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 152 — 30,152 Settlements (54) — — (54) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (282) $ (674) $ (956) For the Nine Months Ended March 31, 2023 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking income — (375) (1,120) (1,495) Included in other comprehensive income (3,384) — — (3,384) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 558 — 30,558 Settlements (7,130) — — (7,130) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (375) $ (1,120) $ (1,495) 1 Earnings from mortgage servicing rights (“MSR”) were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.2 million and $0.7 million for the three and nine months ended March 31, 2023, respectively, and a decrease in MSR value resulting from market-driven changes in interest rates of $0.1 million for the three months ended March 31, 2023 and an increase of $0.3 million for the nine months ended March 31, 2023. A dditions to mortgage servicing rights were retained upon sale of loans held for sale. For the Three Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Total gains or losses for the period: Included in earnings—Mortgage banking income — 2,316 (227) 2,089 Included in other comprehensive income (1,841) — — (1,841) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 1,093 — 96,093 Settlements (432) — — (432) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 2,316 $ (227) $ 2,089 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Total gains or losses for the period: Included in earnings—Mortgage banking income — 1,229 (1,055) 174 Included in other comprehensive income (2,480) — — (2,480) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 4,379 — 99,379 Settlements (8,656) — — (8,656) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,229 $ (1,055) $ 174 1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.8 million and $3.6 million for the three and nine months ended March 31, 2022, respectively, and an increase in MSR value resulting from market-driven changes in interest rates of $3.1 million and $4.9 million for the three and nine months ended March 31, 2022, respectively. Additions to mortgage servicing rights were retained upon sale of loans held for sale. The table below summarizes the quantitative information about level 3 fair value measurements as of the dates indicated: March 31, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 206,300 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (23.0%) 0.0 to 5.1% (2.3%) 0.0 to 68.7% (28.5%) 2.6 to 6.4% (2.7%) Mortgage Servicing Rights $ 25,396 Discounted Cash Flow Projected Constant Prepayment Rate, 4.6 to 33.1% (9.8%) 0.4 to 15.9 (9.3) 9.5 to 11.5% (9.6%) Derivative Instruments $ (656) Sales Comparison Approach Projected Sales Profit of Underlying Loans -1.6 to 0.7% (-0.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 186,814 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.4%) 0.0 to 7.9% (2.2%) 0.0 to 68.4% (26.7%) 2.7 to 9.3% (2.8%) Mortgage Servicing Rights $ 25,213 Discounted Cash Flow Projected Constant Prepayment Rate, 7.9 to 56.3% (11.0%) 1.2 to 9.9 (8.4) 9.5 to 11.5% (9.5%) Derivative Instruments $ 464 Sales Comparison Approach Projected Sales Profit of Underlying Loans -3.1 to 0.8% (-1.2%) The significant unobservable inputs used in the fair value measurement of the Company’s residential mortgage-backed securities are projected prepayment rates, probability of default, projected loss severity in the event of default and discount rate over LIBOR. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the projected loss severity and a directionally opposite change in the assumption used for projected prepayment rates. The table below summarizes assets measured for impairment on a non-recurring basis: March 31, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 4,344 $ 4,344 Autos $ — $ — $ 958 $ 958 Total $ — $ — $ 5,302 $ 5,302 June 30, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Autos — — 798 798 Total $ — $ — $ 798 $ 798 Non-recurring fair value measurements for other real estate owned and repossessed vehicles represent charge-offs of $535 thousand and $30 thousand for the three months ended March 31, 2023 and March 31, 2022, respectively, and $1,499 thousand and $79 thousand for the nine months ended March 31, 2023 and March 31, 2022, respectively. The Company has elected the fair value option for Agency loans held for sale. Given these loans are intended for sale, fair value is considered to be the best indicator of the amount to be realized from these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans. None of these loans are 90 days or more past due nor on nonaccrual as of March 31, 2023 and June 30, 2022. As of March 31, 2023 and June 30, 2022, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain was as follows: (Dollars in thousands) March 31, 2023 June 30, 2022 Aggregate fair value $ 7,920 $ 4,973 Contractual balance 7,663 4,881 Unrealized gain $ 257 $ 92 Gains and losses from changes in fair value included in earnings for loans held for sale for the periods indicated below were: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2023 2022 2023 2022 Interest income $ 99 $ 204 $ 252 $ 598 Change in fair value 51 (1,041) (280) (2,019) Total $ 150 $ (837) $ (28) $ (1,421) The following table presents quantitative information about level 3 fair value measurements for other real estate owned and repossessed vehicles measured at fair value on a non-recurring basis at the periods indicated: March 31, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Single family real estate $ 4,344 Sales comparison approach Adjustment for differences between the comparable sales 3.5 to 12.1% (4.1%) Autos $ 958 Sales comparison approach Adjustment for differences between the comparable sales -15.6 to 0.0% (-5.3%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Autos $ 798 Sales comparison approach Adjustment for differences between the comparable sales -17.2 to 4.6% (-7.5%) 1 For other real estate owned and repossessed vehicles the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. Fair Value of Financial Instruments Carrying amounts and estimated fair values of financial instruments at March 31, 2023 and June 30, 2022 were: March 31, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 2,504,224 $ 2,504,224 $ — $ — $ 2,504,224 Securities—trading 400 — 400 — 400 Securities—available-for-sale 279,612 — 73,312 206,300 279,612 Loans held for sale, at fair value 7,920 — 7,920 — 7,920 Loans held for sale, at lower of cost or fair value 303 — — 303 303 Loans held for investment—net 15,836,255 — — 15,866,421 15,866,421 Securities borrowed 87,293 — — 95,263 95,263 Customer, broker-dealer and clearing receivables 323,359 — — 336,843 336,843 Mortgage servicing rights 25,396 — — 25,396 25,396 Financial liabilities: Total deposits 16,738,869 — 16,675,440 — 16,675,440 Advances from the Federal Home Loan Bank 90,000 — 83,681 — 83,681 Borrowings, subordinated notes and debentures 334,330 — 299,981 — 299,981 Securities loaned 114,613 — — 114,556 114,556 Customer, broker-dealer and clearing payables 406,092 — — 406,092 406,092 June 30, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,574,699 $ 1,574,699 $ — $ — $ 1,574,699 Securities—trading 1,758 — 1,758 — 1,758 Securities—available-for-sale 262,518 — 75,704 186,814 262,518 Loans held for sale, at fair value 4,973 — 4,973 — 4,973 Loans held for sale, at lower of cost or fair value 10,938 — — 10,985 10,985 Loans held for investment—net 14,091,061 — — 14,015,157 14,015,157 Securities borrowed 338,980 — — 329,963 329,963 Customer, broker-dealer and clearing receivables 417,417 — — 414,383 414,383 Mortgage servicing rights 25,213 — — 25,213 25,213 Financial liabilities: Total deposits 13,946,422 — 12,812,512 — 12,812,512 Advances from the Federal Home Loan Bank 117,500 — 117,500 — 117,500 Borrowings, subordinated notes and debentures 445,244 — 416,947 — 416,947 Securities loaned 474,400 — — 473,831 473,831 Customer, broker-dealer and clearing payables 511,654 — — 471,859 471,859 Carrying amount is the estimated fair value for cash and cash equivalents, interest bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available for sale securities and loans held for sale can be found in Note 3 – “Fair Value” of the 2022 Form 10-K. The carrying amount of stock of regulatory agencies approximates the estimated fair value of these investments. The fair value of off-balance sheet items is not material.

SECURITIES

SECURITIES	9 Months Ended
SECURITIES	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost, carrying amount and fair value for the trading and available-for-sale securities at March 31, 2023 and June 30, 2022 were: March 31, 2023 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 25,620 $ — $ (2,838) $ 22,782 Non-agency 2 — 210,487 1,508 (5,695) 206,300 Total mortgage-backed securities — 236,107 1,508 (8,533) 229,082 Non-MBS: Municipal 400 3,624 — (240) 3,384 Asset-backed securities and structured notes — 47,000 146 — 47,146 Total Non-MBS 400 50,624 146 (240) 50,530 Total debt securities $ 400 $ 286,731 $ 1,654 $ (8,773) $ 279,612 June 30, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 27,722 $ 9 $ (2,406) $ 25,325 Non-agency 2 — 187,616 1,832 (2,634) 186,814 Total mortgage-backed securities — 215,338 1,841 (5,040) 212,139 Non-MBS: Municipal 1,758 3,529 — (281) 3,248 Asset-backed securities and structured notes — 47,000 131 — 47,131 Total Non-MBS 1,758 50,529 131 (281) 50,379 Total debt securities $ 1,758 $ 265,867 $ 1,972 $ (5,321) $ 262,518 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. No credit losses were recognized on available-for-sale securities in the three and nine months ended March 31, 2023 and March 31, 2022. Based on the underlying government guarantees and other credit protection supporting our securities, no allowance for credit losses for available-for-sale debt securities was recorded at March 31, 2023 and June 30, 2022. The Company’s analysis is based on: (1) the credit characteristics of the securities, including the forecasted cash flows, credit ratings, credit enhancement, and any external government backing, and (2) whether the Company is intending to sell or is required to sell any securities before recovering the amortized cost basis of the securities. The unrealized losses on available-for-sale securities are primarily driven by the increase in interest rates since the securities were purchased. The Company’s non-agency MBS available-for-sale portfolio, with a total fair value of $206,300 at March 31, 2023, consists of 18 different issues of super senior securities. The face amounts of debt securities available-for-sale pledged to secure borrowings at March 31, 2023 and June 30, 2022 were $1.1 million and $1.2 million, respectively. Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were: March 31, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 1,657 $ (51) $ 21,051 $ (2,787) $ 22,708 $ (2,838) Non-agency 84,059 (3,258) 47,310 (2,437) 131,369 (5,695) Total MBS 85,716 (3,309) 68,361 (5,224) 154,077 (8,533) Non-MBS: Municipal debt — — 3,384 (240) 3,384 (240) Total Non-MBS — — 3,384 (240) 3,384 (240) Total debt securities $ 85,716 $ (3,309) $ 71,745 $ (5,464) $ 157,461 $ (8,773) June 30, 2022 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 16,446 $ (1,338) $ 8,097 $ (1,068) $ 24,543 $ (2,406) Non-agency 92,796 (2,204) 4,751 (430) 97,547 (2,634) Total MBS 109,242 (3,542) 12,848 (1,498) 122,090 (5,040) Non-MBS: Municipal debt 3,248 (281) — — 3,248 (281) Total Non-MBS 3,248 (281) — — 3,248 (281) Total debt securities $ 112,490 $ (3,823) $ 12,848 $ (1,498) $ 125,338 $ (5,321) On March 31, 2023, there were twenty-nine securities in a continuous loss position for a period of more than 12 months, and twenty-five securities in a continuous loss position for a period of less than 12 months. At June 30, 2022, there were fourteen securities in a continuous loss position for a period of more than 12 months, and twenty-five securities in a continuous loss position for a period of less than 12 months. At March 31, 2023, one non-agency MBS with a total carrying amount of $1.5 million was determined to have cumulative credit losses of $0.8 million of which none was recognized in earnings during the three months ended March 31, 2023. During the nine months ended March 31, 2023 the Company sold no available-for-sale securities. The components of the Company’s accumulated other comprehensive income (loss) are: (Dollars in thousands) March 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (7,119) $ (3,349) Available-for-sale debt securities (losses) (845) (845) Subtotal (7,964) (4,194) Tax benefit (expense) 2,391 1,261 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (5,573) $ (2,933) The following table sets forth the expected maturity distribution of our mortgage-backed securities and the contractual maturity distribution of our Non-RMBS securities and the weighted-average yield for each range of maturities: At March 31, 2023 Total Amount Due Within One Year Due After One but within Five Years Due After Five but within Ten Years Due After Ten Years (Dollars in thousands) Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Available-for-sale Mortgage-backed securities: Agency 2 $ 25,620 2.10 % $ 5,087 2.05 % $ 12,293 2.09 % $ 6,459 2.18 % $ 1,781 1.99 % Non-Agency 3 210,487 5.58 % 6,868 4.13 % 200,227 5.61 % 1,822 5.84 % 1,570 8.59 % Total Mortgage-Backed Securities $ 236,107 5.20 % $ 11,955 3.25 % $ 212,520 5.40 % $ 8,281 2.98 % $ 3,351 5.08 % Non-RMBS Municipal 3,624 3.57 % — — % — — % — — % 3,624 3.57 % Asset-backed securities and structured notes 47,000 9.53 % 47,000 9.53 % — — % — — % — — % Total Non-RMBS $ 50,624 9.10 % $ 47,000 9.53 % $ — — % $ — — % $ 3,624 3.57 % Available-for-sale—Amortized Cost $ 286,731 5.89 % $ 58,955 8.26 % $ 212,520 5.40 % $ 8,281 2.98 % $ 6,975 4.30 % Available-for-sale—Fair Value $ 279,612 5.91 % $ 58,326 8.26 % $ 207,028 5.40 % $ 7,494 2.98 % $ 6,764 4.30 % Total available-for-sale securities $ 279,612 5.91 % $ 58,326 8.26 % $ 207,028 5.40 % $ 7,494 2.98 % $ 6,764 4.30 % 1 Weighted-average yield is based on amortized cost of the securities. Residential mortgage-backed security yields and maturities include impact of expected prepayments and other timing factors such as interest rate forward curve. 2 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 3 Private sponsors of securities collateralized primarily by pools of 1-4 family residential, Alt-A or pay-option ARM mortgages and commercial mortgages.

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2023
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio was: (Dollars in thousands) March 31, 2023 June 30, 2022 Single Family - Mortgage & Warehouse $ 4,087,525 $ 3,988,462 Multifamily and Commercial Mortgage 3,082,801 2,877,680 Commercial Real Estate 5,794,304 4,781,044 Commercial & Industrial - Non-RE 2,454,839 2,028,128 Auto & Consumer 594,596 567,228 Other 6,240 11,134 Total gross loans and leases 16,020,305 14,253,676 Allowance for credit losses - loans (161,293) (148,617) Unaccreted premiums (discounts) and loan and lease fees (22,757) (13,998) Total net loans and leases $ 15,836,255 $ 14,091,061 At March 31, 2023, the Company has pledged $9,308.2 million of loans to the Federal Reserve Bank of San Francisco and to the FHLB. The provision for credit losses for the three and nine months ended March 31, 2023 was primarily driven by loan growth, changes in the macroeconomic environment, and changes in loan product mix. Changes in the forecasts of macroeconomic variables drove improvements in the calculations relevant to the probability of default for the Multifamily and Commercial Real Estate portfolios. Loan growth and changes in the product mix within the Commercial and Industrial–Non RE portfolio resulted in an increased allowance. L oan products within each portfolio contain varying collateral types which impact the estimate of the loss given default utilized in the calculation of the allowance. For further discussion of the model method of estimating expected lifetime credit losses to Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. Activity in the allowance for credit losses by portfolio classes is as follows. For the Three Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2023 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 Provision (benefit) for credit losses - loans (1,583) (1,156) (3,782) 10,698 1,329 (6) 5,500 Charge-offs (9) — — — (2,413) — (2,422) Recoveries 413 — — — 584 — 997 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Three Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2022 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 Provision (benefit) for credit losses - loans (3,797) 190 2,248 3,525 2,352 (18) 4,500 Charge-offs — — — — (1,892) — (1,892) Recoveries 6 — — 27 242 — 275 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans (1,347) (354) (953) 15,910 4,510 (16) 17,750 Charge-offs (307) — — — (6,646) — (6,953) Recoveries 436 — — 18 1,425 — 1,879 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (4,966) 495 11,901 (1,951) 7,277 (256) 12,500 Charge-offs — — — (322) (2,926) — (3,248) Recoveries 151 177 — 81 753 — 1,162 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 Credit Quality Disclosures. Nonaccrual loans consisted of the following as of the dates indicated: (Dollars in thousands) As of March 31, 2023 Single Family - Mortgage & Warehouse $ 36,158 Multifamily and Commercial Mortgage 37,378 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 2,029 Other 2,535 Total nonaccrual loans $ 95,941 Nonaccrual loans to total loans 0.60 % (Dollars in thousands) As of June 30, 2022 Single Family - Mortgage & Warehouse $ 66,424 Multifamily and Commercial Mortgage 33,410 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 439 Other 80 Total nonaccrual loans $ 118,194 Nonaccrual loans to total loans 0.83 % No interest income was recognized on nonaccrual loans in the three and nine months ended March 31, 2023 and three and nine months ended March 31, 2022. There were no nonaccrual loans without an allowance for credit losses as of March 31, 2023 and June 30, 2022. Approximately 1.30% of our nonaccrual loans at March 31, 2023 were considered troubled debt restructurings (“TDRs”), compared to 1.18% at June 30, 2022. Borrowers that make timely payments after TDRs are considered non-performing for at least six months. Generally, after six months of timely payments, those TDRs are reclassified from the nonaccrual loan category to the performing loan category and any previously deferred interest income is recognized. The outstanding unpaid balance of loans that are either performing or nonaccrual by portfolio class was: March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,051,367 $ 3,045,423 $ 5,779,452 $ 2,451,850 $ 592,567 $ 3,705 $ 15,924,364 Nonaccrual 36,158 37,378 14,852 2,989 2,029 2,535 95,941 Total $ 4,087,525 $ 3,082,801 $ 5,794,304 $ 2,454,839 $ 594,596 $ 6,240 $ 16,020,305 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,922,038 $ 2,844,270 $ 4,766,192 $ 2,025,139 $ 566,789 $ 11,054 $ 14,135,482 Nonaccrual 66,424 33,410 14,852 2,989 439 80 118,194 Total $ 3,988,462 $ 2,877,680 $ 4,781,044 $ 2,028,128 $ 567,228 $ 11,134 $ 14,253,676 From time to time the Company modifies loan terms temporarily for borrowers who are experiencing financial stress. These loans are performing and accruing and generally return to the original loan terms after the modification term expires. The Company had no TDRs classified as performing loans at March 31, 2023 or June 30, 2022. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The amortized cost basis of the Company’s loans by fiscal year of origination and credit quality indicator are: March 31, 2023 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 620,354 $ 1,372,470 $ 544,804 $ 340,800 $ 263,386 $ 691,390 $ 162,377 $ 3,995,581 Special Mention — 1,993 5,010 8,094 14,061 11,851 — 41,009 Substandard — 3,240 783 17,572 3,166 26,174 — 50,935 Doubtful — — — — — — — — Total 620,354 1,377,703 550,597 366,466 280,613 729,415 162,377 4,087,525 Multifamily and Commercial Mortgage Pass 505,162 973,106 504,075 329,470 225,553 435,306 — 2,972,672 Special Mention — 15,695 4,653 1,894 8,249 — — 30,491 Substandard — 3,146 5,715 31,439 7,399 31,939 — 79,638 Doubtful — — — — — — — — Total 505,162 991,947 514,443 362,803 241,201 467,245 — 3,082,801 Commercial Real Estate Pass 1,100,680 2,500,719 828,507 124,981 118,000 4,000 946,724 5,623,611 Special Mention — 11,250 26,305 9,618 800 15,000 62,973 Substandard — 17,950 58,133 — 15,487 14,852 1,298 107,720 Doubtful — — — — — — — Total 1,100,680 2,529,919 912,945 134,599 134,287 33,852 948,022 5,794,304 Commercial & Industrial - Non-RE Pass 398,508 367,212 31,722 23,784 2,898 5,575 1,599,806 2,429,505 Special Mention — 8,348 — — — — 13,997 22,345 Substandard — — — — — 2,989 — 2,989 Doubtful — — — — — — — — Total 398,508 375,560 31,722 23,784 2,898 8,564 1,613,803 2,454,839 Auto & Consumer Pass 168,776 279,501 77,909 28,584 23,508 12,770 — 591,048 Special Mention 389 704 102 41 62 61 — 1,359 Substandard 368 1,007 403 200 204 7 — 2,189 Doubtful — — — — — — — — Total 169,533 281,212 78,414 28,825 23,774 12,838 — 594,596 Other Pass 1,287 — 1,425 — — 940 — 3,652 Special Mention — — 53 — — — — 53 Substandard — 2,000 — — — 535 — 2,535 Doubtful — — — — — — — — Total 1,287 2,000 1,478 — — 1,475 — 6,240 Total Pass 2,794,767 5,493,008 1,988,442 847,619 633,345 1,149,981 2,708,907 15,616,069 Special Mention 389 37,990 36,123 19,647 23,172 26,912 13,997 158,230 Substandard 368 27,343 65,034 49,211 26,256 76,496 1,298 246,006 Doubtful — — — — — — — — Total $ 2,795,524 $ 5,558,341 $ 2,089,599 $ 916,477 $ 682,773 $ 1,253,389 $ 2,724,202 $ 16,020,305 As a % of total gross loans 17.46% 34.70% 13.04% 5.72% 4.26% 7.82% 17.00% 100.0% June 30, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,484,027 $ 600,054 $ 402,712 $ 303,999 $ 279,248 $ 548,703 $ 241,925 $ 3,860,668 Special Mention — — 4,790 2,505 4,125 10,971 38,637 61,028 Substandard — 2,288 3,928 18,407 5,955 36,188 — 66,766 Doubtful — — — — — — — — Total 1,484,027 602,342 411,430 324,911 289,328 595,862 280,562 3,988,462 Multifamily and Commercial Mortgage Pass 999,819 569,486 429,247 259,161 219,548 316,013 — 2,793,274 Special Mention 1,200 — 534 539 — 968 — 3,241 Substandard — 5,772 34,343 9,613 7,308 24,129 — 81,165 Doubtful — — — — — — — — Total 1,001,019 575,258 464,124 269,313 226,856 341,110 — 2,877,680 Commercial Real Estate Pass 2,482,366 990,887 358,422 186,800 28,758 — 602,412 4,649,645 Special Mention — 32,351 12,138 16,487 15,000 — — 75,976 Substandard — — 12,575 18,043 23,507 — 1,298 55,423 Doubtful — — — — — — — — Total 2,482,366 1,023,238 383,135 221,330 67,265 — 603,710 4,781,044 Commercial & Industrial - Non-RE Pass 435,228 66,226 25,629 61,932 9,268 — 1,388,435 1,986,718 Special Mention 13 — — 186 710 — — 909 Substandard 2,988 28,359 9,154 — — — — 40,501 Doubtful — — — — — — — — Total 438,229 94,585 34,783 62,118 9,978 — 1,388,435 2,028,128 Auto & Consumer Pass 352,468 107,882 43,377 37,008 16,147 8,891 — 565,773 Special Mention 204 188 24 110 — 1 — 527 Substandard 157 311 224 205 25 6 — 928 Doubtful — — — — — — — — Total 352,829 108,381 43,625 37,323 16,172 8,898 — 567,228 Other Pass 3,057 6,185 — — 1,091 721 — 11,054 Special Mention — — — — — — — — Substandard — — 46 — — 34 — 80 Doubtful — — — — — — — — Total 3,057 6,185 46 — 1,091 755 — 11,134 Total Pass 5,756,965 2,340,720 1,259,387 848,900 554,060 874,328 2,232,772 13,867,132 Special Mention 1,417 32,539 17,486 19,827 19,835 11,940 38,637 141,681 Substandard 3,145 36,730 60,270 46,268 36,795 60,357 1,298 244,863 Doubtful — — — — — — — — Total $ 5,761,527 $ 2,409,989 $ 1,337,143 $ 914,995 $ 610,690 $ 946,625 $ 2,272,707 $ 14,253,676 As a % of total gross loans 40.42% 16.91% 9.38% 6.42% 4.28% 6.64% 15.95% 100.0% The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses and evaluates credit quality based on the aging status of its loans. Certain short-term loans do not have a fixed maturity date and are treated as delinquent if not paid in full 90 days after the origination date. The outstanding unpaid balance of loans past due 30 days or more by portfolio class are: March 31, 2023 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 13,976 $ 22,447 $ 34,203 $ 70,626 Multifamily and Commercial Mortgage 4,224 8,112 29,154 41,490 Commercial Real Estate — — 14,852 14,852 Auto & Consumer 4,949 1,431 1,411 7,791 Other 90 53 2,535 2,678 Total $ 23,239 $ 32,043 $ 82,155 $ 137,437 As a % of total gross loans 0.15 % 0.20 % 0.51 % 0.86 % June 30, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 5,167 $ 1,518 $ 63,286 $ 69,971 Multifamily and Commercial Mortgage 9,455 2,115 26,556 38,126 Commercial Real Estate — 14,852 — 14,852 Auto & Consumer 4,865 1,009 466 6,340 Other 413 — 193 606 Total $ 19,900 $ 19,494 $ 90,501 $ 129,895 As a % of total gross loans 0.14 % 0.14 % 0.63 % 0.91 % Loans reaching 90+ days past due are placed on non-accrual as required under Company policy. No loans 90+ days past due were still accruing interest as of March 31, 2023 and June 30, 2022 . Loans in process of foreclosure were $24.0 million and $20.7 million as of March 31, 2023 and June 30, 2022, respectively. Unfunded Loan Commitment Reserves Unfunded loan commitment reserves are included in “Accounts payable and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Provisions for the unfunded loan commitments are included in the unaudited Condensed Consolidated Statements of Income in “General and administrative expenses”. The following tables present a summary of the activity in the unfunded loan commitment reserves for the periods indicated: Three Months Ended March 31, (Dollars in thousands) 2023 2022 BALANCE—beginning January 1 $ 10,474 $ 8,723 Provision (benefit) — 1,000 BALANCE—end March 31 $ 10,474 $ 9,723 Nine Months Ended March 31, (Dollars in thousands) 2023 2022 BALANCE—beginning July 1 $ 10,973 $ 5,723 Provision (benefit) (499) 4,000 BALANCE—end March 31 $ 10,474 $ 9,723

STOCKHOLDERS_ EQUITY AND STOCK-

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	9 Months Ended
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (the “2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and restricted stock units, stock appreciation rights and other awards to employees, directors and consultants. The Plan is designed to encourage selected employees and directors to improve operations and increase profits, and to accept or continue employment or association with the Company through participation in the growth in the value of the Company’s common stock. The Company also has an employment agreement with its Chief Executive Officer that authorizes an award of restricted stock units (the “RSU award”). For additional information regarding the Company’s stock-based compensation plans, see Note 16 — “Stock-based Compensation” contained in the 2022 Form 10-K. At March 31, 2023, 1,347,923 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan and unrecognized compensation expense related to non-vested awards aggregated to $50.4 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: Remainder of fiscal year 2023 $ 7,113 2024 22,261 2025 14,418 2026 5,561 2027 832 Thereafter 194 Total $ 50,379 The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Weighted-Average Non-vested balance at June 30, 2022 1,350,763 $ 41.16 Granted 735,938 38.52 Vested (480,811) 34.17 Forfeited (59,166) 40.56 Non-vested balance at March 31, 2023 1,546,724 $ 42.10 The total fair value of shares vested for the three and nine months ended March 31, 2023 was $7.6 million and $19.7 million, respectively. The total fair value of shares vested for the three and nine months ended March 31, 2022 was $9.7 million and $24.6 million, respectively. The weighted-average remaining time period until vesting for restricted stock units as of March 31, 2023 was 1.3 years. Common Stock Repurchases. During the three and nine months ended March 31, 2023, the Company repurchased $31.6 million of common stock at an average price of $37.22 per share. On April 26, 2023, the Board of Directors of the Company authorized a program to repurchase up to $100 million of its common stock. The new share repurchase authorization is in addition to the existing share repurchase plan approved on August 2, 2019, which had approximately $21 million remaining as of March 31, 2023. For additional information regarding the Company’s common stock repurchases, see Note 15—“Stockholders’ Equity” contained in the 2022 Form 10-K.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
EARNINGS PER COMMON SHARE	Mar. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted EPS: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2023 2022 2023 2022 Earnings Per Common Share Net income $ 79,850 $ 61,823 $ 219,809 $ 182,820 Average common shares issued and outstanding 59,930,634 59,542,128 59,928,263 59,476,488 Earnings per common share $ 1.33 $ 1.04 $ 3.67 $ 3.07 Diluted Earnings Per Common Share Net income $ 79,850 $ 61,823 $ 219,809 $ 182,820 Average common shares issued and outstanding 59,930,634 59,542,128 59,928,263 59,476,488 Dilutive effect of average unvested RSUs 696,766 1,069,831 667,151 1,128,998 Total dilutive common shares outstanding 60,627,400 60,611,959 60,595,414 60,605,486 Diluted earnings per common share $ 1.32 $ 1.02 $ 3.63 $ 3.02

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases. The Company leases office space under operating lease agreements scheduled to expire at various dates. The following table represents maturities of lease liabilities as of March 31, 2023 in the corresponding fiscal years: (Dollars in thousands) Remainder of fiscal year 2023 $ 2,747 2024 11,119 2025 11,296 2026 10,967 2027 11,031 Thereafter 29,861 Total lease payments 77,021 Less: amount representing interest (7,291) Total lease liability $ 69,730 Credit-Related Financial Instruments . The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the unaudited condensed consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. At March 31, 2023, the Company had unfunded commitments of $57.5 million in fixed rate loans and $2,816.0 million in variable rate loans, totaling an aggregate principal balance of $2,873.5 million. A t March 31, 2023, the Company’s fixed rate commitments to originate had a weighted-average rate of 8.09%. At March 31, 2023, the Company also had commitments to sell $8.5 million in fixed rate loans and no commitments to sell variable rate loans. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. In the normal course of business, Axos Clearing’s customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose Axos Clearing to off-balance-sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and Axos Clearing has to purchase or sell the financial instrument underlying the contract at a loss. Axos Clearing’s clearing agreements with broker-dealers for which it provides clearing services requires them to indemnify Axos Clearing if customers fail to satisfy their contractual obligation. Litigation . Two separate shareholder derivative actions were filed in December, 2015, purportedly on behalf of the Company. The first derivative action, Calcaterra v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on December 3, 2015. The second derivative action, Dow v. Micheletti, et al , was filed in the San Diego County Superior Court on December 16, 2015. A third derivative action, DeYoung v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on January 22, 2016, a fourth derivative action, Yong v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on January 29, 2016, a fifth derivative action, Laborers Pension Trust Fund of Northern Nevada v. Allrich et al , was filed in the United States District Court for the Southern District of California on February 2, 2016, and a sixth derivative action, Garner v. Garrabrants, et al , was filed in the San Diego County Superior Court on August 10, 2017. Each of these six derivative actions names the Company as a nominal defendant, and certain of its officers and directors as defendants. Each complaint sets forth allegations of breaches of fiduciary duties, gross mismanagement, abuse of control, and unjust enrichment against the defendant officers and directors. The plaintiffs in these derivative actions seek damages in unspecified amounts on the Company’s behalf from the officer and director defendants, certain corporate governance actions, and an award of their costs and attorney’s fees. The United States District Court for the Southern District of California ordered the six above-referenced derivative actions pending before it to be consolidated and appointed lead counsel in the consolidated action. The matter has been stayed pending resolution of post-trial motions filed in a wrongful termination lawsuit upon which the derivative actions are based. The two derivative actions pending before the San Diego County Superior Court were dismissed without prejudice by court order entered on March 29, 2023, pursuant to a stipulation by the parties. On October 26, 2022, a jury verdict was reached in the case of MUFG Union Bank, N.A. v. Axos Bank, et al , awarding damages to Union Bank. Such verdict has yet to be reduced to judgment. On November 28, 2022, the Company filed a post-trial motion requesting, among other relief, that the court set aside the verdict and direct a verdict for defendants. On March 29, 2023, the court held a hearing on such motions and while denying other relief sought by defendants, held that (1) a related settlement between the plaintiff and Epiq Systems, Inc. must be applied to reduce the verdict prior to prejudgment interest calculations, thereby reducing the net award for tortious interference from $15.8 million to $7.8 million; and (2) pre-judgment interest must be calculated from the mid-point between April 3, 2018, and the date of the judgment to the net tortious interference award. The court’s calculation methodology with respect to pre-judgment interest will save defendants approximately half of the statutory pre-judgement interest that would otherwise be due. The Company continues to believe that the evidence supports the defendants’ understanding of the facts and that meritorious defenses exist to substantially all claims made by Union Bank. In addition, the Company believes that there exist substantial grounds for appeal. The Company recorded a $16 million accrued expense in accounts payable and other liabilities on the condensed consolidated balance sheets and in general and administrative expense on the condensed consolidated statements of income as of and for the nine months ended March 31, 2023, respectively. Given the uncertainty of the appellate process, the potential for an appeal by the plaintiff, and other factors that are similarly unknown or currently unquantifiable, the Company has maintained its accrual at March 31, 2023.

SEGMENT REPORTING AND REVENUE I

SEGMENT REPORTING AND REVENUE INFORMATION	9 Months Ended
SEGMENT REPORTING AND REVENUE INFORMATION	Mar. 31, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING AND REVENUE INFORMATION	SEGMENT REPORTING AND REVENUE INFORMATION Segment Reporting. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments and by which segment results are evaluated by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations. Certain corporate administration costs and income taxes have not been allocated to the reportable segments. The Company operates through two operating segments: Banking Business and Securities Business. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business segment and non-interest expense incurred by the Banking Business segment for cash sorting fees related to deposits sourced from Securities Business segment customers, as well as interest expense paid by the Banking Business segment to each of the wholly-owned subsidiaries of the Company and to the Company itself for their operating cash held on deposit with the Business Banking segment. In order to reconcile the two segments to the unaudited condensed consolidated totals, the Company includes parent-only activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 196,249 $ 6,335 $ (3,602) $ 198,982 Provision for credit losses 5,500 — — 5,500 Non-interest income 10,685 38,298 (16,737) 32,246 Non-interest expense 98,252 25,138 (12,346) 111,044 Income before taxes $ 103,182 $ 19,495 $ (7,993) $ 114,684 For the Three Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 147,828 $ 3,377 $ (1,667) $ 149,538 Provision for credit losses 4,500 — — 4,500 Non-interest income 15,741 15,609 (2,576) 28,774 Non-interest expense 65,076 20,242 1,501 86,819 Income before taxes $ 93,993 $ (1,256) $ (5,744) $ 86,993 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 574,524 $ 15,486 $ (10,643) $ 579,367 Provision for credit losses 17,750 — — 17,750 Non-interest income 31,954 103,467 (47,638) 87,783 Non-interest expense 295,332 74,924 (35,597) 334,659 Income before taxes $ 293,396 $ 44,029 $ (22,684) $ 314,741 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 432,328 $ 14,059 $ (4,639) $ 441,748 Provision for credit losses 12,500 — — 12,500 Non-interest income 46,864 45,169 (5,770) 86,263 Non-interest expense 190,250 61,169 5,850 257,269 Income before taxes $ 276,442 $ (1,941) $ (16,259) $ 258,242 As of March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 18,940,271 $ 765,295 $ 76,915 $ 19,782,481 As of June 30, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 16,002,714 $ 1,328,558 $ 69,893 $ 17,401,165 Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the periods indicated. For further information of the Company’s recognition of revenue and Topic 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2023 2022 2023 2022 Advisory fee income $ 6,879 $ 7,739 $ 20,821 $ 21,078 Broker-dealer clearing fees 6,228 4,387 15,886 15,400 Deposit service fees 623 613 3,931 3,645 Card fees 737 946 3,670 2,910 Bankruptcy trustee and fiduciary service fees 1,566 877 4,506 2,725 Non-interest income (in-scope Topic 606) 16,033 14,562 48,814 45,758 Non-interest income (out-of-scope Topic 606) 16,213 14,212 38,969 40,505 Total non-interest income $ 32,246 $ 28,774 $ 87,783 $ 86,263

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries, Axos Bank (the “Bank”) and Axos Nevada Holding, LLC (“Axos Nevada Holding” and collectively, the “Company”). Axos, the Bank and Axos Nevada Holding comprise substantially all of the Company's assets and liabilities and revenues and expenses. Axos Bank and its wholly owned subsidiary constitute the Banking Business segment and Axos Nevada Holding wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Results for the three and nine months ended March 31, 2023 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or not repeated herein pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2022 included in our Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2022 (“2022 Form 10-K”). A reclassification of certain components of non-interest income for the three and nine months ended March 31, 2022 has been made to conform to the current period presentation. This reclassification had no effect on the Company’s total non-interest income, net income, financial position or cash flows. Additional reclassifications of certain amounts in the Condensed Consolidated Statement of Cash Flows for the nine months ended March 31, 2022 have been made to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position.
New Accounting Standards	Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. New Accounting Standards Accounting Standards Issued But Not Yet Adopted The Financial Accounting Standards Board has issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company plans to adopt these ASUs in fiscal year 2024 and while it is still evaluating the impact on its Consolidated Financial Statements, the Company does not expect the application of the provisions of these ASUs to have a material impact. For a further discussion of new accounting standards issued but not yet adopted which are applicable to the Company see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K.
Credit Quality Indicators	Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
ACQUISITIONS (Tables)	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Fair Value and Useful Life of Each Intangible Asset Acquired	The following table summarizes the fair value and useful life of each intangible asset acquired as of the acquisition date: (Dollars in thousands) Fair Value Useful Lives (Years) Trade Name $ 290 0.16 Proprietary Technology 10,990 7 Customer Relationships 15,650 14 Non-Compete Agreements 130 1 Total $ 27,060
Schedule Of Business Acquisition, Pro Forma Information	The following table presents the results of operations of AAS for the nine months ended March 31, 2022 on an unaudited pro forma basis, as if the acquisition of the entity rebranded to AAS had been consummated on July 1, 2020. The results of operations of AAS for the three months ended March 31, 2022 are reflected in the unaudited Condensed Consolidated Statements of Income. The unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the Company’s results of operations would have been if the acquisition of EAS had occurred as of July 1, 2020, or the results of operations for any future periods. Additionally, the information presented does not reflect any synergies or other strategic benefits as a result of acquisition. Pro Forma Revenue (Dollars in thousands) For the Nine Months Ended March 31, 2022 Non-interest income $ 25,136

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2023 and June 30, 2022 are classified in their entirety based on the lowest level of input significant to the fair value measurement. March 31, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 400 $ — $ 400 Securities—Available-for-sale: Agency MBS 1 22,782 — 22,782 Non-Agency MBS 2 — 206,300 206,300 Municipal 3,384 — 3,384 Asset-backed securities and structured notes 47,146 — 47,146 Total—Securities—Available-for-sale $ 73,312 $ 206,300 $ 279,612 Loans held for sale $ 7,920 $ — $ 7,920 Mortgage servicing rights $ — $ 25,396 $ 25,396 Other assets—Derivative instruments $ — $ 381 $ 381 LIABILITIES: Other liabilities—Derivative instruments $ — $ 1,037 $ 1,037 June 30, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 1,758 $ — $ 1,758 Securities—Available-for-sale: Agency MBS 1 25,325 — 25,325 Non-Agency MBS 2 — 186,814 186,814 Municipal 3,248 — 3,248 Asset-backed securities and structured notes 47,131 — 47,131 Total—Securities—Available-for-sale $ 75,704 $ 186,814 $ 262,518 Loans held for sale $ 4,973 $ — $ 4,973 Mortgage servicing rights $ — $ 25,213 $ 25,213 Other assets—Derivative instruments $ — $ 464 $ 464 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ — 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages.
Schedule of Additional Information About Assets Measured at Fair Value on a Recurring Basis and for which the Company has Utilized Level 3 Inputs to Determine Fair Value	Additional information is presented below about assets measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended March 31, 2023 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 175,123 $ 25,526 $ 18 $ 200,667 Total gains or losses for the period: Included in earnings—Mortgage banking income — (282) (674) (956) Included in other comprehensive income 1,231 — — 1,231 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 152 — 30,152 Settlements (54) — — (54) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (282) $ (674) $ (956) For the Nine Months Ended March 31, 2023 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking income — (375) (1,120) (1,495) Included in other comprehensive income (3,384) — — (3,384) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 558 — 30,558 Settlements (7,130) — — (7,130) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (375) $ (1,120) $ (1,495) 1 Earnings from mortgage servicing rights (“MSR”) were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.2 million and $0.7 million for the three and nine months ended March 31, 2023, respectively, and a decrease in MSR value resulting from market-driven changes in interest rates of $0.1 million for the three months ended March 31, 2023 and an increase of $0.3 million for the nine months ended March 31, 2023. A dditions to mortgage servicing rights were retained upon sale of loans held for sale. For the Three Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Total gains or losses for the period: Included in earnings—Mortgage banking income — 2,316 (227) 2,089 Included in other comprehensive income (1,841) — — (1,841) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 1,093 — 96,093 Settlements (432) — — (432) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 2,316 $ (227) $ 2,089 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Total gains or losses for the period: Included in earnings—Mortgage banking income — 1,229 (1,055) 174 Included in other comprehensive income (2,480) — — (2,480) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 4,379 — 99,379 Settlements (8,656) — — (8,656) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,229 $ (1,055) $ 174 1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.8 million and $3.6 million for the three and nine months ended March 31, 2022, respectively, and an increase in MSR value resulting from market-driven changes in interest rates of $3.1 million and $4.9 million for the three and nine months ended March 31, 2022, respectively. Additions to mortgage servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements	The table below summarizes the quantitative information about level 3 fair value measurements as of the dates indicated: March 31, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 206,300 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (23.0%) 0.0 to 5.1% (2.3%) 0.0 to 68.7% (28.5%) 2.6 to 6.4% (2.7%) Mortgage Servicing Rights $ 25,396 Discounted Cash Flow Projected Constant Prepayment Rate, 4.6 to 33.1% (9.8%) 0.4 to 15.9 (9.3) 9.5 to 11.5% (9.6%) Derivative Instruments $ (656) Sales Comparison Approach Projected Sales Profit of Underlying Loans -1.6 to 0.7% (-0.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 186,814 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.4%) 0.0 to 7.9% (2.2%) 0.0 to 68.4% (26.7%) 2.7 to 9.3% (2.8%) Mortgage Servicing Rights $ 25,213 Discounted Cash Flow Projected Constant Prepayment Rate, 7.9 to 56.3% (11.0%) 1.2 to 9.9 (8.4) 9.5 to 11.5% (9.5%) Derivative Instruments $ 464 Sales Comparison Approach Projected Sales Profit of Underlying Loans -3.1 to 0.8% (-1.2%) The following table presents quantitative information about level 3 fair value measurements for other real estate owned and repossessed vehicles measured at fair value on a non-recurring basis at the periods indicated: March 31, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Single family real estate $ 4,344 Sales comparison approach Adjustment for differences between the comparable sales 3.5 to 12.1% (4.1%) Autos $ 958 Sales comparison approach Adjustment for differences between the comparable sales -15.6 to 0.0% (-5.3%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Autos $ 798 Sales comparison approach Adjustment for differences between the comparable sales -17.2 to 4.6% (-7.5%) 1 For other real estate owned and repossessed vehicles the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted.
Schedule of Fair Value Assets Measured on Nonrecurring Basis	The table below summarizes assets measured for impairment on a non-recurring basis: March 31, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 4,344 $ 4,344 Autos $ — $ — $ 958 $ 958 Total $ — $ — $ 5,302 $ 5,302 June 30, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Autos — — 798 798 Total $ — $ — $ 798 $ 798
Schedule of Aggregate Fair Value, Contractual Balance, and Gains of Loans Held For Sale	As of March 31, 2023 and June 30, 2022, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain was as follows: (Dollars in thousands) March 31, 2023 June 30, 2022 Aggregate fair value $ 7,920 $ 4,973 Contractual balance 7,663 4,881 Unrealized gain $ 257 $ 92 Gains and losses from changes in fair value included in earnings for loans held for sale for the periods indicated below were: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2023 2022 2023 2022 Interest income $ 99 $ 204 $ 252 $ 598 Change in fair value 51 (1,041) (280) (2,019) Total $ 150 $ (837) $ (28) $ (1,421)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Period-end	Carrying amounts and estimated fair values of financial instruments at March 31, 2023 and June 30, 2022 were: March 31, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 2,504,224 $ 2,504,224 $ — $ — $ 2,504,224 Securities—trading 400 — 400 — 400 Securities—available-for-sale 279,612 — 73,312 206,300 279,612 Loans held for sale, at fair value 7,920 — 7,920 — 7,920 Loans held for sale, at lower of cost or fair value 303 — — 303 303 Loans held for investment—net 15,836,255 — — 15,866,421 15,866,421 Securities borrowed 87,293 — — 95,263 95,263 Customer, broker-dealer and clearing receivables 323,359 — — 336,843 336,843 Mortgage servicing rights 25,396 — — 25,396 25,396 Financial liabilities: Total deposits 16,738,869 — 16,675,440 — 16,675,440 Advances from the Federal Home Loan Bank 90,000 — 83,681 — 83,681 Borrowings, subordinated notes and debentures 334,330 — 299,981 — 299,981 Securities loaned 114,613 — — 114,556 114,556 Customer, broker-dealer and clearing payables 406,092 — — 406,092 406,092 June 30, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,574,699 $ 1,574,699 $ — $ — $ 1,574,699 Securities—trading 1,758 — 1,758 — 1,758 Securities—available-for-sale 262,518 — 75,704 186,814 262,518 Loans held for sale, at fair value 4,973 — 4,973 — 4,973 Loans held for sale, at lower of cost or fair value 10,938 — — 10,985 10,985 Loans held for investment—net 14,091,061 — — 14,015,157 14,015,157 Securities borrowed 338,980 — — 329,963 329,963 Customer, broker-dealer and clearing receivables 417,417 — — 414,383 414,383 Mortgage servicing rights 25,213 — — 25,213 25,213 Financial liabilities: Total deposits 13,946,422 — 12,812,512 — 12,812,512 Advances from the Federal Home Loan Bank 117,500 — 117,500 — 117,500 Borrowings, subordinated notes and debentures 445,244 — 416,947 — 416,947 Securities loaned 474,400 — — 473,831 473,831 Customer, broker-dealer and clearing payables 511,654 — — 471,859 471,859

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
SECURITIES (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities	The amortized cost, carrying amount and fair value for the trading and available-for-sale securities at March 31, 2023 and June 30, 2022 were: March 31, 2023 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 25,620 $ — $ (2,838) $ 22,782 Non-agency 2 — 210,487 1,508 (5,695) 206,300 Total mortgage-backed securities — 236,107 1,508 (8,533) 229,082 Non-MBS: Municipal 400 3,624 — (240) 3,384 Asset-backed securities and structured notes — 47,000 146 — 47,146 Total Non-MBS 400 50,624 146 (240) 50,530 Total debt securities $ 400 $ 286,731 $ 1,654 $ (8,773) $ 279,612 June 30, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 27,722 $ 9 $ (2,406) $ 25,325 Non-agency 2 — 187,616 1,832 (2,634) 186,814 Total mortgage-backed securities — 215,338 1,841 (5,040) 212,139 Non-MBS: Municipal 1,758 3,529 — (281) 3,248 Asset-backed securities and structured notes — 47,000 131 — 47,131 Total Non-MBS 1,758 50,529 131 (281) 50,379 Total debt securities $ 1,758 $ 265,867 $ 1,972 $ (5,321) $ 262,518 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. The following table sets forth the expected maturity distribution of our mortgage-backed securities and the contractual maturity distribution of our Non-RMBS securities and the weighted-average yield for each range of maturities: At March 31, 2023 Total Amount Due Within One Year Due After One but within Five Years Due After Five but within Ten Years Due After Ten Years (Dollars in thousands) Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Available-for-sale Mortgage-backed securities: Agency 2 $ 25,620 2.10 % $ 5,087 2.05 % $ 12,293 2.09 % $ 6,459 2.18 % $ 1,781 1.99 % Non-Agency 3 210,487 5.58 % 6,868 4.13 % 200,227 5.61 % 1,822 5.84 % 1,570 8.59 % Total Mortgage-Backed Securities $ 236,107 5.20 % $ 11,955 3.25 % $ 212,520 5.40 % $ 8,281 2.98 % $ 3,351 5.08 % Non-RMBS Municipal 3,624 3.57 % — — % — — % — — % 3,624 3.57 % Asset-backed securities and structured notes 47,000 9.53 % 47,000 9.53 % — — % — — % — — % Total Non-RMBS $ 50,624 9.10 % $ 47,000 9.53 % $ — — % $ — — % $ 3,624 3.57 % Available-for-sale—Amortized Cost $ 286,731 5.89 % $ 58,955 8.26 % $ 212,520 5.40 % $ 8,281 2.98 % $ 6,975 4.30 % Available-for-sale—Fair Value $ 279,612 5.91 % $ 58,326 8.26 % $ 207,028 5.40 % $ 7,494 2.98 % $ 6,764 4.30 % Total available-for-sale securities $ 279,612 5.91 % $ 58,326 8.26 % $ 207,028 5.40 % $ 7,494 2.98 % $ 6,764 4.30 % 1 Weighted-average yield is based on amortized cost of the securities. Residential mortgage-backed security yields and maturities include impact of expected prepayments and other timing factors such as interest rate forward curve. 2 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 3 Private sponsors of securities collateralized primarily by pools of 1-4 family residential, Alt-A or pay-option ARM mortgages and commercial mortgages.
Schedule of Securities in a Continuous Unrealized Loss Position	Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were: March 31, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 1,657 $ (51) $ 21,051 $ (2,787) $ 22,708 $ (2,838) Non-agency 84,059 (3,258) 47,310 (2,437) 131,369 (5,695) Total MBS 85,716 (3,309) 68,361 (5,224) 154,077 (8,533) Non-MBS: Municipal debt — — 3,384 (240) 3,384 (240) Total Non-MBS — — 3,384 (240) 3,384 (240) Total debt securities $ 85,716 $ (3,309) $ 71,745 $ (5,464) $ 157,461 $ (8,773) June 30, 2022 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 16,446 $ (1,338) $ 8,097 $ (1,068) $ 24,543 $ (2,406) Non-agency 92,796 (2,204) 4,751 (430) 97,547 (2,634) Total MBS 109,242 (3,542) 12,848 (1,498) 122,090 (5,040) Non-MBS: Municipal debt 3,248 (281) — — 3,248 (281) Total Non-MBS 3,248 (281) — — 3,248 (281) Total debt securities $ 112,490 $ (3,823) $ 12,848 $ (1,498) $ 125,338 $ (5,321)
Schedule of Components of Other Comprehensive Income (Loss)	The components of the Company’s accumulated other comprehensive income (loss) are: (Dollars in thousands) March 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (7,119) $ (3,349) Available-for-sale debt securities (losses) (845) (845) Subtotal (7,964) (4,194) Tax benefit (expense) 2,391 1,261 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (5,573) $ (2,933)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	Mar. 31, 2023
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The composition of the loan portfolio was: (Dollars in thousands) March 31, 2023 June 30, 2022 Single Family - Mortgage & Warehouse $ 4,087,525 $ 3,988,462 Multifamily and Commercial Mortgage 3,082,801 2,877,680 Commercial Real Estate 5,794,304 4,781,044 Commercial & Industrial - Non-RE 2,454,839 2,028,128 Auto & Consumer 594,596 567,228 Other 6,240 11,134 Total gross loans and leases 16,020,305 14,253,676 Allowance for credit losses - loans (161,293) (148,617) Unaccreted premiums (discounts) and loan and lease fees (22,757) (13,998) Total net loans and leases $ 15,836,255 $ 14,091,061
Schedule of Allowance for Credit Losses on Financing Receivables	The provision for credit losses for the three and nine months ended March 31, 2023 was primarily driven by loan growth, changes in the macroeconomic environment, and changes in loan product mix. Changes in the forecasts of macroeconomic variables drove improvements in the calculations relevant to the probability of default for the Multifamily and Commercial Real Estate portfolios. Loan growth and changes in the product mix within the Commercial and Industrial–Non RE portfolio resulted in an increased allowance. L oan products within each portfolio contain varying collateral types which impact the estimate of the loss given default utilized in the calculation of the allowance. For further discussion of the model method of estimating expected lifetime credit losses to Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. Activity in the allowance for credit losses by portfolio classes is as follows. For the Three Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2023 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 Provision (benefit) for credit losses - loans (1,583) (1,156) (3,782) 10,698 1,329 (6) 5,500 Charge-offs (9) — — — (2,413) — (2,422) Recoveries 413 — — — 584 — 997 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Three Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2022 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 Provision (benefit) for credit losses - loans (3,797) 190 2,248 3,525 2,352 (18) 4,500 Charge-offs — — — — (1,892) — (1,892) Recoveries 6 — — 27 242 — 275 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans (1,347) (354) (953) 15,910 4,510 (16) 17,750 Charge-offs (307) — — — (6,646) — (6,953) Recoveries 436 — — 18 1,425 — 1,879 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (4,966) 495 11,901 (1,951) 7,277 (256) 12,500 Charge-offs — — — (322) (2,926) — (3,248) Recoveries 151 177 — 81 753 — 1,162 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 The following tables present a summary of the activity in the unfunded loan commitment reserves for the periods indicated: Three Months Ended March 31, (Dollars in thousands) 2023 2022 BALANCE—beginning January 1 $ 10,474 $ 8,723 Provision (benefit) — 1,000 BALANCE—end March 31 $ 10,474 $ 9,723 Nine Months Ended March 31, (Dollars in thousands) 2023 2022 BALANCE—beginning July 1 $ 10,973 $ 5,723 Provision (benefit) (499) 4,000 BALANCE—end March 31 $ 10,474 $ 9,723
Schedule of Nonaccrual Loans	Nonaccrual loans consisted of the following as of the dates indicated: (Dollars in thousands) As of March 31, 2023 Single Family - Mortgage & Warehouse $ 36,158 Multifamily and Commercial Mortgage 37,378 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 2,029 Other 2,535 Total nonaccrual loans $ 95,941 Nonaccrual loans to total loans 0.60 % (Dollars in thousands) As of June 30, 2022 Single Family - Mortgage & Warehouse $ 66,424 Multifamily and Commercial Mortgage 33,410 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 439 Other 80 Total nonaccrual loans $ 118,194 Nonaccrual loans to total loans 0.83 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	The outstanding unpaid balance of loans that are either performing or nonaccrual by portfolio class was: March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,051,367 $ 3,045,423 $ 5,779,452 $ 2,451,850 $ 592,567 $ 3,705 $ 15,924,364 Nonaccrual 36,158 37,378 14,852 2,989 2,029 2,535 95,941 Total $ 4,087,525 $ 3,082,801 $ 5,794,304 $ 2,454,839 $ 594,596 $ 6,240 $ 16,020,305 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,922,038 $ 2,844,270 $ 4,766,192 $ 2,025,139 $ 566,789 $ 11,054 $ 14,135,482 Nonaccrual 66,424 33,410 14,852 2,989 439 80 118,194 Total $ 3,988,462 $ 2,877,680 $ 4,781,044 $ 2,028,128 $ 567,228 $ 11,134 $ 14,253,676
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The amortized cost basis of the Company’s loans by fiscal year of origination and credit quality indicator are: March 31, 2023 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 620,354 $ 1,372,470 $ 544,804 $ 340,800 $ 263,386 $ 691,390 $ 162,377 $ 3,995,581 Special Mention — 1,993 5,010 8,094 14,061 11,851 — 41,009 Substandard — 3,240 783 17,572 3,166 26,174 — 50,935 Doubtful — — — — — — — — Total 620,354 1,377,703 550,597 366,466 280,613 729,415 162,377 4,087,525 Multifamily and Commercial Mortgage Pass 505,162 973,106 504,075 329,470 225,553 435,306 — 2,972,672 Special Mention — 15,695 4,653 1,894 8,249 — — 30,491 Substandard — 3,146 5,715 31,439 7,399 31,939 — 79,638 Doubtful — — — — — — — — Total 505,162 991,947 514,443 362,803 241,201 467,245 — 3,082,801 Commercial Real Estate Pass 1,100,680 2,500,719 828,507 124,981 118,000 4,000 946,724 5,623,611 Special Mention — 11,250 26,305 9,618 800 15,000 62,973 Substandard — 17,950 58,133 — 15,487 14,852 1,298 107,720 Doubtful — — — — — — — Total 1,100,680 2,529,919 912,945 134,599 134,287 33,852 948,022 5,794,304 Commercial & Industrial - Non-RE Pass 398,508 367,212 31,722 23,784 2,898 5,575 1,599,806 2,429,505 Special Mention — 8,348 — — — — 13,997 22,345 Substandard — — — — — 2,989 — 2,989 Doubtful — — — — — — — — Total 398,508 375,560 31,722 23,784 2,898 8,564 1,613,803 2,454,839 Auto & Consumer Pass 168,776 279,501 77,909 28,584 23,508 12,770 — 591,048 Special Mention 389 704 102 41 62 61 — 1,359 Substandard 368 1,007 403 200 204 7 — 2,189 Doubtful — — — — — — — — Total 169,533 281,212 78,414 28,825 23,774 12,838 — 594,596 Other Pass 1,287 — 1,425 — — 940 — 3,652 Special Mention — — 53 — — — — 53 Substandard — 2,000 — — — 535 — 2,535 Doubtful — — — — — — — — Total 1,287 2,000 1,478 — — 1,475 — 6,240 Total Pass 2,794,767 5,493,008 1,988,442 847,619 633,345 1,149,981 2,708,907 15,616,069 Special Mention 389 37,990 36,123 19,647 23,172 26,912 13,997 158,230 Substandard 368 27,343 65,034 49,211 26,256 76,496 1,298 246,006 Doubtful — — — — — — — — Total $ 2,795,524 $ 5,558,341 $ 2,089,599 $ 916,477 $ 682,773 $ 1,253,389 $ 2,724,202 $ 16,020,305 As a % of total gross loans 17.46% 34.70% 13.04% 5.72% 4.26% 7.82% 17.00% 100.0% June 30, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,484,027 $ 600,054 $ 402,712 $ 303,999 $ 279,248 $ 548,703 $ 241,925 $ 3,860,668 Special Mention — — 4,790 2,505 4,125 10,971 38,637 61,028 Substandard — 2,288 3,928 18,407 5,955 36,188 — 66,766 Doubtful — — — — — — — — Total 1,484,027 602,342 411,430 324,911 289,328 595,862 280,562 3,988,462 Multifamily and Commercial Mortgage Pass 999,819 569,486 429,247 259,161 219,548 316,013 — 2,793,274 Special Mention 1,200 — 534 539 — 968 — 3,241 Substandard — 5,772 34,343 9,613 7,308 24,129 — 81,165 Doubtful — — — — — — — — Total 1,001,019 575,258 464,124 269,313 226,856 341,110 — 2,877,680 Commercial Real Estate Pass 2,482,366 990,887 358,422 186,800 28,758 — 602,412 4,649,645 Special Mention — 32,351 12,138 16,487 15,000 — — 75,976 Substandard — — 12,575 18,043 23,507 — 1,298 55,423 Doubtful — — — — — — — — Total 2,482,366 1,023,238 383,135 221,330 67,265 — 603,710 4,781,044 Commercial & Industrial - Non-RE Pass 435,228 66,226 25,629 61,932 9,268 — 1,388,435 1,986,718 Special Mention 13 — — 186 710 — — 909 Substandard 2,988 28,359 9,154 — — — — 40,501 Doubtful — — — — — — — — Total 438,229 94,585 34,783 62,118 9,978 — 1,388,435 2,028,128 Auto & Consumer Pass 352,468 107,882 43,377 37,008 16,147 8,891 — 565,773 Special Mention 204 188 24 110 — 1 — 527 Substandard 157 311 224 205 25 6 — 928 Doubtful — — — — — — — — Total 352,829 108,381 43,625 37,323 16,172 8,898 — 567,228 Other Pass 3,057 6,185 — — 1,091 721 — 11,054 Special Mention — — — — — — — — Substandard — — 46 — — 34 — 80 Doubtful — — — — — — — — Total 3,057 6,185 46 — 1,091 755 — 11,134 Total Pass 5,756,965 2,340,720 1,259,387 848,900 554,060 874,328 2,232,772 13,867,132 Special Mention 1,417 32,539 17,486 19,827 19,835 11,940 38,637 141,681 Substandard 3,145 36,730 60,270 46,268 36,795 60,357 1,298 244,863 Doubtful — — — — — — — — Total $ 5,761,527 $ 2,409,989 $ 1,337,143 $ 914,995 $ 610,690 $ 946,625 $ 2,272,707 $ 14,253,676 As a % of total gross loans 40.42% 16.91% 9.38% 6.42% 4.28% 6.64% 15.95% 100.0%
Schedule of Past Due Loan and Leases	The outstanding unpaid balance of loans past due 30 days or more by portfolio class are: March 31, 2023 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 13,976 $ 22,447 $ 34,203 $ 70,626 Multifamily and Commercial Mortgage 4,224 8,112 29,154 41,490 Commercial Real Estate — — 14,852 14,852 Auto & Consumer 4,949 1,431 1,411 7,791 Other 90 53 2,535 2,678 Total $ 23,239 $ 32,043 $ 82,155 $ 137,437 As a % of total gross loans 0.15 % 0.20 % 0.51 % 0.86 % June 30, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 5,167 $ 1,518 $ 63,286 $ 69,971 Multifamily and Commercial Mortgage 9,455 2,115 26,556 38,126 Commercial Real Estate — 14,852 — 14,852 Auto & Consumer 4,865 1,009 466 6,340 Other 413 — 193 606 Total $ 19,900 $ 19,494 $ 90,501 $ 129,895 As a % of total gross loans 0.14 % 0.14 % 0.63 % 0.91 %

STOCKHOLDERS_ EQUITY AND STOC_2

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Unrecognized Compensation Expense Related to Non-vested Awards To be Recognized in the Future	At March 31, 2023, 1,347,923 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan and unrecognized compensation expense related to non-vested awards aggregated to $50.4 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: Remainder of fiscal year 2023 $ 7,113 2024 22,261 2025 14,418 2026 5,561 2027 832 Thereafter 194 Total $ 50,379
Schedule of Status and Changes in Restricted Stock Grants	The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Weighted-Average Non-vested balance at June 30, 2022 1,350,763 $ 41.16 Granted 735,938 38.52 Vested (480,811) 34.17 Forfeited (59,166) 40.56 Non-vested balance at March 31, 2023 1,546,724 $ 42.10

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted EPS: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2023 2022 2023 2022 Earnings Per Common Share Net income $ 79,850 $ 61,823 $ 219,809 $ 182,820 Average common shares issued and outstanding 59,930,634 59,542,128 59,928,263 59,476,488 Earnings per common share $ 1.33 $ 1.04 $ 3.67 $ 3.07 Diluted Earnings Per Common Share Net income $ 79,850 $ 61,823 $ 219,809 $ 182,820 Average common shares issued and outstanding 59,930,634 59,542,128 59,928,263 59,476,488 Dilutive effect of average unvested RSUs 696,766 1,069,831 667,151 1,128,998 Total dilutive common shares outstanding 60,627,400 60,611,959 60,595,414 60,605,486 Diluted earnings per common share $ 1.32 $ 1.02 $ 3.63 $ 3.02

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	The following table represents maturities of lease liabilities as of March 31, 2023 in the corresponding fiscal years: (Dollars in thousands) Remainder of fiscal year 2023 $ 2,747 2024 11,119 2025 11,296 2026 10,967 2027 11,031 Thereafter 29,861 Total lease payments 77,021 Less: amount representing interest (7,291) Total lease liability $ 69,730

SEGMENT REPORTING AND REVENUE_2

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	9 Months Ended
SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 196,249 $ 6,335 $ (3,602) $ 198,982 Provision for credit losses 5,500 — — 5,500 Non-interest income 10,685 38,298 (16,737) 32,246 Non-interest expense 98,252 25,138 (12,346) 111,044 Income before taxes $ 103,182 $ 19,495 $ (7,993) $ 114,684 For the Three Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 147,828 $ 3,377 $ (1,667) $ 149,538 Provision for credit losses 4,500 — — 4,500 Non-interest income 15,741 15,609 (2,576) 28,774 Non-interest expense 65,076 20,242 1,501 86,819 Income before taxes $ 93,993 $ (1,256) $ (5,744) $ 86,993 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 574,524 $ 15,486 $ (10,643) $ 579,367 Provision for credit losses 17,750 — — 17,750 Non-interest income 31,954 103,467 (47,638) 87,783 Non-interest expense 295,332 74,924 (35,597) 334,659 Income before taxes $ 293,396 $ 44,029 $ (22,684) $ 314,741 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 432,328 $ 14,059 $ (4,639) $ 441,748 Provision for credit losses 12,500 — — 12,500 Non-interest income 46,864 45,169 (5,770) 86,263 Non-interest expense 190,250 61,169 5,850 257,269 Income before taxes $ 276,442 $ (1,941) $ (16,259) $ 258,242 As of March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 18,940,271 $ 765,295 $ 76,915 $ 19,782,481 As of June 30, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 16,002,714 $ 1,328,558 $ 69,893 $ 17,401,165
Schedule of Other Nonoperating Income (Expense)	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the periods indicated. For further information of the Company’s recognition of revenue and Topic 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2023 2022 2023 2022 Advisory fee income $ 6,879 $ 7,739 $ 20,821 $ 21,078 Broker-dealer clearing fees 6,228 4,387 15,886 15,400 Deposit service fees 623 613 3,931 3,645 Card fees 737 946 3,670 2,910 Bankruptcy trustee and fiduciary service fees 1,566 877 4,506 2,725 Non-interest income (in-scope Topic 606) 16,033 14,562 48,814 45,758 Non-interest income (out-of-scope Topic 606) 16,213 14,212 38,969 40,505 Total non-interest income $ 32,246 $ 28,774 $ 87,783 $ 86,263

ACQUISITIONS - NARRATIVE (Detai

ACQUISITIONS - NARRATIVE (Details) - USD ($) $ in Thousands		1 Months Ended	11 Months Ended
ACQUISITIONS - NARRATIVE (Details) - USD ($) $ in Thousands	Aug. 02, 2021	Dec. 31, 2021	Jun. 30, 2022	Mar. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 95,674	$ 97,673
E*TRADE Advisor Services
Business Acquisition [Line Items]
Cash consideration	$ 54,600	$ 54,800
Acquisition-related costs			40
Tangible assets acquired	14,400		14,200
Business combination, recognized identifiable assets acquired and liabilities assumed, right-of-use lease asset	7,800
Liabilities assumed	11,300		$ 10,900
Business combination, recognized identifiable assets acquired and liabilities assumed, lease liabilty	7,800
Intangible assets acquired	27,060
Goodwill	$ 24,400
True-up payment based on working capital adjustment		$ 200

ACQUISITIONS - FAIR VALUE OF AS

ACQUISITIONS - FAIR VALUE OF ASSETS ACQUIRED (Details) - E*TRADE Advisor Services $ in Thousands	Aug. 02, 2021 USD ($)
Business Acquisition [Line Items]
Fair Value	$ 27,060
Trade name
Business Acquisition [Line Items]
Fair Value	$ 290
Weighted-average useful lives (years)	1 month 28 days
Proprietary Technology
Business Acquisition [Line Items]
Fair Value	$ 10,990
Weighted-average useful lives (years)	7 years
Customer Relationships
Business Acquisition [Line Items]
Fair Value	$ 15,650
Weighted-average useful lives (years)	14 years
Non-Compete Agreements
Business Acquisition [Line Items]
Fair Value	$ 130
Weighted-average useful lives (years)	1 year

ACQUISITIONS - BUSINESS ACQUISI

ACQUISITIONS - BUSINESS ACQUISITION, PRO FORMA INFORMATION (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Non-interest income	$ 25,136

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
ASSETS:
Trading	$ 400	$ 1,758
Fair Value	279,612	262,518
Loans held for sale, at fair value	7,920	4,973
Municipal
ASSETS:
Trading	400	1,758
Fair Value	3,384	3,248
Agency MBS
ASSETS:
Trading	0	0
Fair Value	22,782	25,325
Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Trading	0	0
Fair Value	206,300	186,814
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading	400	1,758
Fair Value	73,312	75,704
Loans held for sale, at fair value	7,920	4,973
Mortgage servicing rights	0	0
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading	0	0
Fair Value	206,300	186,814
Loans held for sale, at fair value	0	0
Mortgage servicing rights	25,396	25,213
Recurring
ASSETS:
Fair Value	279,612	262,518
Loans held for sale, at fair value	7,920	4,973
Mortgage servicing rights	25,396	25,213
Other assets—Derivative instruments	381	464
LIABILITIES:
Other liabilities—Derivative instruments	1,037	0
Recurring \| Municipal
ASSETS:
Trading	400	1,758
Fair Value	3,384	3,248
Recurring \| Agency MBS
ASSETS:
Fair Value	22,782	25,325
Recurring \| Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	206,300	186,814
Recurring \| Asset-backed securities and structured notes
ASSETS:
Fair Value	47,146	47,131
Recurring \| Significant Other Observable Inputs (Level 2)
ASSETS:
Fair Value	73,312	75,704
Loans held for sale, at fair value	7,920	4,973
Mortgage servicing rights	0	0
Other assets—Derivative instruments	0	0
LIABILITIES:
Other liabilities—Derivative instruments	0	0
Recurring \| Significant Other Observable Inputs (Level 2) \| Municipal
ASSETS:
Trading	400	1,758
Fair Value	3,384	3,248
Recurring \| Significant Other Observable Inputs (Level 2) \| Agency MBS
ASSETS:
Fair Value	22,782	25,325
Recurring \| Significant Other Observable Inputs (Level 2) \| Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	0	0
Recurring \| Significant Other Observable Inputs (Level 2) \| Asset-backed securities and structured notes
ASSETS:
Fair Value	47,146	47,131
Recurring \| Significant Unobservable Inputs (Level 3)
ASSETS:
Fair Value	206,300	186,814
Loans held for sale, at fair value	0	0
Mortgage servicing rights	25,396	25,213
Other assets—Derivative instruments	381	464
LIABILITIES:
Other liabilities—Derivative instruments	1,037	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Municipal
ASSETS:
Trading	0	0
Fair Value	0	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Agency MBS
ASSETS:
Fair Value	0	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	206,300	186,814
Recurring \| Significant Unobservable Inputs (Level 3) \| Asset-backed securities and structured notes
ASSETS:
Fair Value	$ 0	$ 0

FAIR VALUE - LEVEL 3 ASSETS MEA

FAIR VALUE - LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings—Mortgage banking income [Extensible Enumeration]	Mortgage banking income	Mortgage banking income	Mortgage banking income	Mortgage banking income
Included in other comprehensive income [Extensible Enumeration]	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)
Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 200,667	$ 80,239	$ 212,491	$ 87,731
Included in earnings—Mortgage banking income	(956)	2,089	(1,495)	174
Included in other comprehensive income	1,231	(1,841)	(3,384)	(2,480)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	30,152	96,093	30,558	99,379
Settlements	(54)	(432)	(7,130)	(8,656)
Closing balance	231,040	176,148	231,040	176,148
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(956)	2,089	(1,495)	174
Principal payments and loans that were paid down or paid off	200	800	700	3,600
Market-driven changes in interest rates	100	3,100	300	4,900
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	175,123	58,752	186,814	67,615
Included in earnings—Mortgage banking income	0	0	0	0
Included in other comprehensive income	1,231	(1,841)	(3,384)	(2,480)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	30,000	95,000	30,000	95,000
Settlements	(54)	(432)	(7,130)	(8,656)
Closing balance	206,300	151,479	206,300	151,479
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0	0	0
Recurring \| Level 3 \| Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	25,526	20,110	25,213	17,911
Included in earnings—Mortgage banking income	(282)	2,316	(375)	1,229
Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	152	1,093	558	4,379
Settlements	0	0	0	0
Closing balance	25,396	23,519	25,396	23,519
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(282)	2,316	(375)	1,229
Recurring \| Level 3 \| Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	18	1,377	464	2,205
Included in earnings—Mortgage banking income	(674)	(227)	(1,120)	(1,055)
Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	0	0	0
Settlements	0	0	0	0
Closing balance	(656)	1,150	(656)	1,150
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	$ (674)	$ (227)	$ (1,120)	$ (1,055)

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Mar. 31, 2023 USD ($) year	Jun. 30, 2022 USD ($) year
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	$ 279,612	$ 262,518
Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	206,300	186,814
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	206,300	186,814
Mortgage servicing rights	25,396	25,213
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	279,612	262,518
Mortgage servicing rights	25,396	25,213
Recurring \| Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	206,300	186,814
Recurring \| Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	206,300	186,814
Mortgage servicing rights	25,396	25,213
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	$ 206,300	$ 186,814
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Prepayment Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Prepayment Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.300	0.300
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Prepayment Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.230	0.214
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Default Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Default Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.051	0.079
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Constant Default Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.023	0.022
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Loss Severity \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Loss Severity \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.687	0.684
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Projected Loss Severity \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.285	0.267
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Discount Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.026	0.027
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Discount Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.064	0.093
Recurring \| Level 3 \| Securities – Available-for-Sale: Non-Agency RMBS \| Discount Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.027	0.028
Recurring \| Level 3 \| Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing rights	$ 25,396	$ 25,213
Recurring \| Level 3 \| Mortgage Servicing Rights \| Projected Constant Prepayment Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.046	0.079
Recurring \| Level 3 \| Mortgage Servicing Rights \| Projected Constant Prepayment Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.331	0.563
Recurring \| Level 3 \| Mortgage Servicing Rights \| Projected Constant Prepayment Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.098	0.110
Recurring \| Level 3 \| Mortgage Servicing Rights \| Discount Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.095
Recurring \| Level 3 \| Mortgage Servicing Rights \| Discount Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.115	0.115
Recurring \| Level 3 \| Mortgage Servicing Rights \| Discount Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.096	0.095
Recurring \| Level 3 \| Mortgage Servicing Rights \| Life (in years) \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	0.4	1.2
Recurring \| Level 3 \| Mortgage Servicing Rights \| Life (in years) \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	15.9	9.9
Recurring \| Level 3 \| Mortgage Servicing Rights \| Life (in years) \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	9.3	8.4
Recurring \| Level 3 \| Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative Instruments	$ (656)	$ 464
Recurring \| Level 3 \| Derivative Instruments, net \| Projected Sales Profit of Underlying Loans \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	(0.016)	(0.031)
Recurring \| Level 3 \| Derivative Instruments, net \| Projected Sales Profit of Underlying Loans \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	0.007	0.008
Recurring \| Level 3 \| Derivative Instruments, net \| Projected Sales Profit of Underlying Loans \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	(0.001)	(0.012)

FAIR VALUE - ASSETS MEASURED FO

FAIR VALUE - ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 5,302	$ 798
Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	4,344
Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	958	798
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0
Significant Other Observable Inputs (Level 2) \| Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	5,302	798
Significant Unobservable Inputs (Level 3) \| Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	4,344
Significant Unobservable Inputs (Level 3) \| Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 958	$ 798

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Impaired loans, charge-offs	$ 2,422	$ 1,892	$ 6,953	$ 3,248
Other real estate owned \| Nonrecurring
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Impaired loans, charge-offs	$ 535	$ 30	$ 1,499	$ 79

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 7,920		$ 7,920		$ 4,973
Contractual balance	7,663		7,663		4,881
Unrealized gain	257		257		$ 92
Interest income	99	$ 204	252	$ 598
Change in fair value	51	(1,041)	(280)	(2,019)
Total	$ 150	$ (837)	$ (28)	$ (1,421)

FAIR VALUE - QUANTITATIVE INF_2

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 5,302	$ 798
Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	4,344
Autos
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	958	798
Level 3
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	5,302	798
Level 3 \| Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 4,344
Level 3 \| Single family real estate \| Adjustment for differences between the comparable sales \| Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.035
Level 3 \| Single family real estate \| Adjustment for differences between the comparable sales \| Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.121
Level 3 \| Single family real estate \| Adjustment for differences between the comparable sales \| Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.041
Level 3 \| Autos
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 958	$ 798
Level 3 \| Autos \| Adjustment for differences between the comparable sales \| Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.156)	(0.172)
Level 3 \| Autos \| Adjustment for differences between the comparable sales \| Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	0	0.046
Level 3 \| Autos \| Adjustment for differences between the comparable sales \| Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.053)	(0.075)

FAIR VALUE - ESTIMATED FAIR VAL

FAIR VALUE - ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS AT PERIOD-END (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Financial assets:
Securities—trading	$ 400	$ 1,758
Securities—available-for-sale	279,612	262,518
Loans held for sale, at fair value	7,920	4,973
Loans held for sale, lower of cost or fair value	303	10,938
Securities borrowed	87,293	338,980
Financial liabilities:
Securities loaned	114,613	474,400
Carrying Amount
Financial assets:
Cash and cash equivalents	2,504,224	1,574,699
Securities—trading	400	1,758
Securities—available-for-sale	279,612	262,518
Loans held for sale, at fair value	7,920	4,973
Loans held for sale, lower of cost or fair value	303	10,938
Loans held for investment—net	15,836,255	14,091,061
Securities borrowed	87,293	338,980
Customer, broker-dealer and clearing receivables	323,359	417,417
Mortgage servicing rights	25,396	25,213
Financial liabilities:
Total deposits	16,738,869	13,946,422
Advances from the Federal Home Loan Bank	90,000	117,500
Borrowings, subordinated notes and debentures	334,330	445,244
Securities loaned	114,613	474,400
Customer, broker-dealer and clearing payables	406,092	511,654
Total Fair Value
Financial assets:
Cash and cash equivalents	2,504,224	1,574,699
Securities—trading	400	1,758
Securities—available-for-sale	279,612	262,518
Loans held for sale, at fair value	7,920	4,973
Loans held for sale, lower of cost or fair value	303	10,985
Loans held for investment—net	15,866,421	14,015,157
Securities borrowed	95,263	329,963
Customer, broker-dealer and clearing receivables	336,843	414,383
Mortgage servicing rights	25,396	25,213
Financial liabilities:
Total deposits	16,675,440	12,812,512
Advances from the Federal Home Loan Bank	83,681	117,500
Borrowings, subordinated notes and debentures	299,981	416,947
Securities loaned	114,556	473,831
Customer, broker-dealer and clearing payables	406,092	471,859
Level 1
Financial assets:
Cash and cash equivalents	2,504,224	1,574,699
Securities—trading	0	0
Securities—available-for-sale	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value	0	0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities—trading	400	1,758
Securities—available-for-sale	73,312	75,704
Loans held for sale, at fair value	7,920	4,973
Loans held for sale, lower of cost or fair value	0	0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Total deposits	16,675,440	12,812,512
Advances from the Federal Home Loan Bank	83,681	117,500
Borrowings, subordinated notes and debentures	299,981	416,947
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities—trading	0	0
Securities—available-for-sale	206,300	186,814
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value	303	10,985
Loans held for investment—net	15,866,421	14,015,157
Securities borrowed	95,263	329,963
Customer, broker-dealer and clearing receivables	336,843	414,383
Mortgage servicing rights	25,396	25,213
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	114,556	473,831
Customer, broker-dealer and clearing payables	$ 406,092	$ 471,859

SECURITIES - AMORTIZED COST, CA

SECURITIES - AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	$ 400	$ 1,758
Amortized Cost	286,731	265,867
Unrealized Gains	1,654	1,972
Unrealized Losses	(8,773)	(5,321)
Fair Value	279,612	262,518
U.S. agencies
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	25,620	27,722
Unrealized Gains	0	9
Unrealized Losses	(2,838)	(2,406)
Fair Value	22,782	25,325
Non-agency
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	210,487	187,616
Unrealized Gains	1,508	1,832
Unrealized Losses	(5,695)	(2,634)
Fair Value	206,300	186,814
Total MBS
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	236,107	215,338
Unrealized Gains	1,508	1,841
Unrealized Losses	(8,533)	(5,040)
Fair Value	229,082	212,139
Municipal debt
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	400	1,758
Amortized Cost	3,624	3,529
Unrealized Gains	0	0
Unrealized Losses	(240)	(281)
Fair Value	3,384	3,248
Asset-backed securities and structured notes
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	47,000	47,000
Unrealized Gains	146	131
Unrealized Losses	0	0
Fair Value	47,146	47,131
Total Non-MBS
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	400	1,758
Amortized Cost	50,624	50,529
Unrealized Gains	146	131
Unrealized Losses	(240)	(281)
Fair Value	$ 50,530	$ 50,379

SECURITIES - NARRATIVE (Details

SECURITIES - NARRATIVE (Details)	3 Months Ended	9 Months Ended
SECURITIES - NARRATIVE (Details)	Mar. 31, 2023 USD ($) security	Mar. 31, 2023 USD ($) security	Jun. 30, 2022 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 279,612,000	$ 279,612,000	$ 262,518,000
Number of available-for-sale securities in continuous loss position for a period of more than 12 months \| security	29	29	14
Number of available-for-sale securities in continuous loss position for a period of less than 12 months \| security	25	25	25
Carrying amount of securities with cumulative credit losses	$ 1,500,000	$ 1,500,000
Cumulative credit losses	800,000	$ 800,000
Number of available-for-sale securities sold \| security		0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral	1,100,000	$ 1,100,000	$ 1,200,000
Non-agency
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 206,300,000	$ 206,300,000	$ 186,814,000
Number of non-agency RMBS \| security	1	1
Credit losses recognized in earnings	$ 0
RMBS, Super Senior Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, number of securities \| security	18	18

SECURITIES - SCHEDULE OF UNREAL

SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Fair Value
Less Than 12 Months	$ 85,716	$ 112,490
More Than 12 Months	71,745	12,848
Total	157,461	125,338
Gross Unrealized Losses
Less Than 12 Months	(3,309)	(3,823)
More Than 12 Months	(5,464)	(1,498)
Total	(8,773)	(5,321)
U.S. agencies
Fair Value
Less Than 12 Months	1,657	16,446
More Than 12 Months	21,051	8,097
Total	22,708	24,543
Gross Unrealized Losses
Less Than 12 Months	(51)	(1,338)
More Than 12 Months	(2,787)	(1,068)
Total	(2,838)	(2,406)
Non-agency
Fair Value
Less Than 12 Months	84,059	92,796
More Than 12 Months	47,310	4,751
Total	131,369	97,547
Gross Unrealized Losses
Less Than 12 Months	(3,258)	(2,204)
More Than 12 Months	(2,437)	(430)
Total	(5,695)	(2,634)
Total MBS
Fair Value
Less Than 12 Months	85,716	109,242
More Than 12 Months	68,361	12,848
Total	154,077	122,090
Gross Unrealized Losses
Less Than 12 Months	(3,309)	(3,542)
More Than 12 Months	(5,224)	(1,498)
Total	(8,533)	(5,040)
Municipal debt
Fair Value
Less Than 12 Months	0	3,248
More Than 12 Months	3,384	0
Total	3,384	3,248
Gross Unrealized Losses
Less Than 12 Months	0	(281)
More Than 12 Months	(240)	0
Total	(240)	(281)
Total Non-MBS
Fair Value
Less Than 12 Months	0	3,248
More Than 12 Months	3,384	0
Total	3,384	3,248
Gross Unrealized Losses
Less Than 12 Months	0	(281)
More Than 12 Months	(240)	0
Total	$ (240)	$ (281)

SECURITIES - UNREALIZED GAIN (L

SECURITIES - UNREALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Available-for-sale debt securities—net unrealized gains (losses)	$ (7,119)	$ (3,349)
Available-for-sale debt securities (losses)	(845)	(845)
Subtotal	(7,964)	(4,194)
Tax benefit (expense)	2,391	1,261
Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)	$ (5,573)	$ (2,933)

SECURITIES - INVESTMENTS CLASSI

SECURITIES - INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Available-for-sale
Amortized Cost	$ 286,731	$ 265,867
Due Within One Year	58,326
Due After One but within Five Years	207,028
Due After Five but within Ten Years	7,494
Due After Ten Years	$ 6,764
Available-for-Sale, Yield
Total amount (percent)	5.91%
Due within one year (percent)	8.26%
Due after one but within five years (percent)	5.40%
Due after five but within ten years (percent)	2.98%
Due after ten years (percent)	4.30%
Available-for-sale—Amortized Cost
Total Amount	$ 286,731
Due Within One Year	58,955
Due After One but within Five Years	212,520
Due After Five but within Ten Years	8,281
Due After Ten Years	$ 6,975
Available-for-Sale, Amortized Cost, Percentage Yield
Total amount (percent)	5.89%
Due within one year (percent)	8.26%
Due after one but within five years (percent)	5.40%
Due after five but within ten years (percent)	2.98%
Due after ten years (percent)	4.30%
Fair Value
Available-for-sale
Amortized Cost	$ 279,612
Due Within One Year	58,326
Due After One but within Five Years	207,028
Due After Five but within Ten Years	7,494
Due After Ten Years	$ 6,764
Available-for-Sale, Yield
Total amount (percent)	5.91%
Due within one year (percent)	8.26%
Due after one but within five years (percent)	5.40%
Due after five but within ten years (percent)	2.98%
Due after ten years (percent)	4.30%
U.S. agencies
Available-for-sale
Amortized Cost	$ 25,620	27,722
Due Within One Year	5,087
Due After One but within Five Years	12,293
Due After Five but within Ten Years	6,459
Due After Ten Years	$ 1,781
Available-for-Sale, Yield
Total amount (percent)	2.10%
Due within one year (percent)	2.05%
Due after one but within five years (percent)	2.09%
Due after five but within ten years (percent)	2.18%
Due after ten years (percent)	1.99%
Non-agency
Available-for-sale
Amortized Cost	$ 210,487	187,616
Due Within One Year	6,868
Due After One but within Five Years	200,227
Due After Five but within Ten Years	1,822
Due After Ten Years	$ 1,570
Available-for-Sale, Yield
Total amount (percent)	5.58%
Due within one year (percent)	4.13%
Due after one but within five years (percent)	5.61%
Due after five but within ten years (percent)	5.84%
Due after ten years (percent)	8.59%
Total MBS
Available-for-sale
Amortized Cost	$ 236,107	215,338
Due Within One Year	11,955
Due After One but within Five Years	212,520
Due After Five but within Ten Years	8,281
Due After Ten Years	$ 3,351
Available-for-Sale, Yield
Total amount (percent)	5.20%
Due within one year (percent)	3.25%
Due after one but within five years (percent)	5.40%
Due after five but within ten years (percent)	2.98%
Due after ten years (percent)	5.08%
Municipal
Available-for-sale
Amortized Cost	$ 3,624	3,529
Due Within One Year	0
Due After One but within Five Years	0
Due After Five but within Ten Years	0
Due After Ten Years	$ 3,624
Available-for-Sale, Yield
Total amount (percent)	3.57%
Due within one year (percent)	0%
Due after one but within five years (percent)	0%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	3.57%
Asset-backed securities and structured notes
Available-for-sale
Amortized Cost	$ 47,000	47,000
Due Within One Year	47,000
Due After One but within Five Years	0
Due After Five but within Ten Years	0
Due After Ten Years	$ 0
Available-for-Sale, Yield
Total amount (percent)	9.53%
Due within one year (percent)	9.53%
Due after one but within five years (percent)	0%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	0%
Total Non-MBS
Available-for-sale
Amortized Cost	$ 50,624	$ 50,529
Due Within One Year	47,000
Due After One but within Five Years	0
Due After Five but within Ten Years	0
Due After Ten Years	$ 3,624
Available-for-Sale, Yield
Total amount (percent)	9.10%
Due within one year (percent)	9.53%
Due after one but within five years (percent)	0%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	3.57%

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOAN PORTFOLIO COMPOSITION (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	$ 16,020,305		$ 14,253,676
Allowance for credit losses - loans	(161,293)	$ (157,218)	(148,617)	$ (143,372)	$ (140,489)	$ (132,958)
Unaccreted premiums (discounts) and loan and lease fees	(22,757)		(13,998)
Total net loans and leases	15,836,255		14,091,061
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	4,087,525		3,988,462
Allowance for credit losses - loans	(18,452)	(19,631)	(19,670)	(21,789)	(25,580)	(26,604)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	3,082,801		2,877,680
Allowance for credit losses - loans	(14,301)	(15,457)	(14,655)	(13,818)	(13,628)	(13,146)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	5,794,304		4,781,044
Allowance for credit losses - loans	(68,386)	(72,168)	(69,339)	(69,829)	(67,581)	(57,928)
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	2,454,839		2,028,128
Allowance for credit losses - loans	(46,736)	(36,038)	(30,808)	(26,268)	(22,716)	(28,460)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	594,596		567,228
Allowance for credit losses - loans	(13,403)	(13,903)	(14,114)	(11,623)	(10,921)	(6,519)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	6,240		11,134
Allowance for credit losses - loans	$ (15)	$ (21)	$ (31)	$ (45)	$ (63)	$ (301)

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)	3 Months Ended		9 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)	Mar. 31, 2023 USD ($) loan	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) loan	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($) loan
Financing Receivable, Impaired [Line Items]
FHLB and FRB, loans pledged	$ 9,308,200,000		$ 9,308,200,000
Mortgage loans in process of foreclosure, amount	24,000,000		24,000,000		$ 20,700,000
Nonaccrual
Financing Receivable, Impaired [Line Items]
Interest income recognized on nonaccrual loans	$ 0	$ 0	$ 0	$ 0
Ratio of nonaccrual loans and leases considered TDRs	1.30%		1.30%		1.18%
Period over which borrowers can make timely payments after TDR considered non-performing (in months)			6 months
Performing
Financing Receivable, Impaired [Line Items]
Number or TDRs classified as performing \| loan	0		0		0

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS BY PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 157,218	$ 140,489	$ 148,617	$ 132,958
Provision (benefit) for credit losses - loans	5,500	4,500	17,750	12,500
Charge-offs	(2,422)	(1,892)	(6,953)	(3,248)
Recoveries	997	275	1,879	1,162
Balance, end of period	161,293	143,372	161,293	143,372
Single Family - Mortgage & Warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	19,631	25,580	19,670	26,604
Provision (benefit) for credit losses - loans	(1,583)	(3,797)	(1,347)	(4,966)
Charge-offs	(9)	0	(307)	0
Recoveries	413	6	436	151
Balance, end of period	18,452	21,789	18,452	21,789
Multifamily and Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	15,457	13,628	14,655	13,146
Provision (benefit) for credit losses - loans	(1,156)	190	(354)	495
Charge-offs	0	0	0	0
Recoveries	0	0	0	177
Balance, end of period	14,301	13,818	14,301	13,818
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	72,168	67,581	69,339	57,928
Provision (benefit) for credit losses - loans	(3,782)	2,248	(953)	11,901
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	68,386	69,829	68,386	69,829
Commercial & Industrial - Non-RE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	36,038	22,716	30,808	28,460
Provision (benefit) for credit losses - loans	10,698	3,525	15,910	(1,951)
Charge-offs	0	0	0	(322)
Recoveries	0	27	18	81
Balance, end of period	46,736	26,268	46,736	26,268
Auto & Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	13,903	10,921	14,114	6,519
Provision (benefit) for credit losses - loans	1,329	2,352	4,510	7,277
Charge-offs	(2,413)	(1,892)	(6,646)	(2,926)
Recoveries	584	242	1,425	753
Balance, end of period	13,403	11,623	13,403	11,623
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	21	63	31	301
Provision (benefit) for credit losses - loans	(6)	(18)	(16)	(256)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	$ 15	$ 45	$ 15	$ 45

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 95,941	$ 118,194
Nonaccrual loans to total loans (as a percent)	0.60%	0.83%
Single Family - Mortgage & Warehouse
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 36,158	$ 66,424
Multifamily and Commercial Mortgage
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	37,378	33,410
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	14,852	14,852
Commercial & Industrial - Non-RE
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	2,989	2,989
Auto & Consumer
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	2,029	439
Other
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 2,535	$ 80

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES - UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 16,020,305	$ 14,253,676
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,087,525	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,082,801	2,877,680
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,794,304	4,781,044
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,454,839	2,028,128
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	594,596	567,228
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,240	11,134
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	15,924,364	14,135,482
Performing \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,051,367	3,922,038
Performing \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,045,423	2,844,270
Performing \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,779,452	4,766,192
Performing \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,451,850	2,025,139
Performing \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	592,567	566,789
Performing \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,705	11,054
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	95,941	118,194
Nonaccrual \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	36,158	66,424
Nonaccrual \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	37,378	33,410
Nonaccrual \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,852	14,852
Nonaccrual \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,989	2,989
Nonaccrual \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,029	439
Nonaccrual \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 2,535	$ 80

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	$ 2,795,524	$ 5,761,527
2022 (2021 prior year)	5,558,341	2,409,989
2021 (2020 prior year)	2,089,599	1,337,143
2020 (2019 prior year)	916,477	914,995
2019 (2018 prior year)	682,773	610,690
Prior	1,253,389	946,625
Revolving Loans	2,724,202	2,272,707
Total	$ 16,020,305	$ 14,253,676
As a % of total gross loans
2023 (2022 prior year)	17.46%	40.42%
2022 (2021 prior year)	34.70%	16.91%
2021 (2020 prior year)	13.04%	9.38%
2020 (2019 prior year)	5.72%	6.42%
2019 (2018 prior year)	4.26%	4.28%
Prior	7.82%	6.64%
Revolving Loans	17%	15.95%
Total	100%	100%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	$ 620,354	$ 1,484,027
2022 (2021 prior year)	1,377,703	602,342
2021 (2020 prior year)	550,597	411,430
2020 (2019 prior year)	366,466	324,911
2019 (2018 prior year)	280,613	289,328
Prior	729,415	595,862
Revolving Loans	162,377	280,562
Total	4,087,525	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	505,162	1,001,019
2022 (2021 prior year)	991,947	575,258
2021 (2020 prior year)	514,443	464,124
2020 (2019 prior year)	362,803	269,313
2019 (2018 prior year)	241,201	226,856
Prior	467,245	341,110
Revolving Loans	0	0
Total	3,082,801	2,877,680
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	1,100,680	2,482,366
2022 (2021 prior year)	2,529,919	1,023,238
2021 (2020 prior year)	912,945	383,135
2020 (2019 prior year)	134,599	221,330
2019 (2018 prior year)	134,287	67,265
Prior	33,852	0
Revolving Loans	948,022	603,710
Total	5,794,304	4,781,044
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	398,508	438,229
2022 (2021 prior year)	375,560	94,585
2021 (2020 prior year)	31,722	34,783
2020 (2019 prior year)	23,784	62,118
2019 (2018 prior year)	2,898	9,978
Prior	8,564	0
Revolving Loans	1,613,803	1,388,435
Total	2,454,839	2,028,128
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	169,533	352,829
2022 (2021 prior year)	281,212	108,381
2021 (2020 prior year)	78,414	43,625
2020 (2019 prior year)	28,825	37,323
2019 (2018 prior year)	23,774	16,172
Prior	12,838	8,898
Revolving Loans	0	0
Total	594,596	567,228
Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	1,287	3,057
2022 (2021 prior year)	2,000	6,185
2021 (2020 prior year)	1,478	46
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	1,091
Prior	1,475	755
Revolving Loans	0	0
Total	6,240	11,134
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	2,794,767	5,756,965
2022 (2021 prior year)	5,493,008	2,340,720
2021 (2020 prior year)	1,988,442	1,259,387
2020 (2019 prior year)	847,619	848,900
2019 (2018 prior year)	633,345	554,060
Prior	1,149,981	874,328
Revolving Loans	2,708,907	2,232,772
Total	15,616,069	13,867,132
Pass \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	620,354	1,484,027
2022 (2021 prior year)	1,372,470	600,054
2021 (2020 prior year)	544,804	402,712
2020 (2019 prior year)	340,800	303,999
2019 (2018 prior year)	263,386	279,248
Prior	691,390	548,703
Revolving Loans	162,377	241,925
Total	3,995,581	3,860,668
Pass \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	505,162	999,819
2022 (2021 prior year)	973,106	569,486
2021 (2020 prior year)	504,075	429,247
2020 (2019 prior year)	329,470	259,161
2019 (2018 prior year)	225,553	219,548
Prior	435,306	316,013
Revolving Loans	0	0
Total	2,972,672	2,793,274
Pass \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	1,100,680	2,482,366
2022 (2021 prior year)	2,500,719	990,887
2021 (2020 prior year)	828,507	358,422
2020 (2019 prior year)	124,981	186,800
2019 (2018 prior year)	118,000	28,758
Prior	4,000	0
Revolving Loans	946,724	602,412
Total	5,623,611	4,649,645
Pass \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	398,508	435,228
2022 (2021 prior year)	367,212	66,226
2021 (2020 prior year)	31,722	25,629
2020 (2019 prior year)	23,784	61,932
2019 (2018 prior year)	2,898	9,268
Prior	5,575	0
Revolving Loans	1,599,806	1,388,435
Total	2,429,505	1,986,718
Pass \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	168,776	352,468
2022 (2021 prior year)	279,501	107,882
2021 (2020 prior year)	77,909	43,377
2020 (2019 prior year)	28,584	37,008
2019 (2018 prior year)	23,508	16,147
Prior	12,770	8,891
Revolving Loans	0	0
Total	591,048	565,773
Pass \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	1,287	3,057
2022 (2021 prior year)	0	6,185
2021 (2020 prior year)	1,425	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	1,091
Prior	940	721
Revolving Loans	0	0
Total	3,652	11,054
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	389	1,417
2022 (2021 prior year)	37,990	32,539
2021 (2020 prior year)	36,123	17,486
2020 (2019 prior year)	19,647	19,827
2019 (2018 prior year)	23,172	19,835
Prior	26,912	11,940
Revolving Loans	13,997	38,637
Total	158,230	141,681
Special Mention \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	1,993	0
2021 (2020 prior year)	5,010	4,790
2020 (2019 prior year)	8,094	2,505
2019 (2018 prior year)	14,061	4,125
Prior	11,851	10,971
Revolving Loans	0	38,637
Total	41,009	61,028
Special Mention \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	1,200
2022 (2021 prior year)	15,695	0
2021 (2020 prior year)	4,653	534
2020 (2019 prior year)	1,894	539
2019 (2018 prior year)	8,249	0
Prior	0	968
Revolving Loans	0	0
Total	30,491	3,241
Special Mention \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	11,250	32,351
2021 (2020 prior year)	26,305	12,138
2020 (2019 prior year)	9,618	16,487
2019 (2018 prior year)	800	15,000
Prior	15,000	0
Revolving Loans		0
Total	62,973	75,976
Special Mention \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	13
2022 (2021 prior year)	8,348	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	186
2019 (2018 prior year)	0	710
Prior	0	0
Revolving Loans	13,997	0
Total	22,345	909
Special Mention \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	389	204
2022 (2021 prior year)	704	188
2021 (2020 prior year)	102	24
2020 (2019 prior year)	41	110
2019 (2018 prior year)	62	0
Prior	61	1
Revolving Loans	0	0
Total	1,359	527
Special Mention \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	53	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	53	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	368	3,145
2022 (2021 prior year)	27,343	36,730
2021 (2020 prior year)	65,034	60,270
2020 (2019 prior year)	49,211	46,268
2019 (2018 prior year)	26,256	36,795
Prior	76,496	60,357
Revolving Loans	1,298	1,298
Total	246,006	244,863
Substandard \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	3,240	2,288
2021 (2020 prior year)	783	3,928
2020 (2019 prior year)	17,572	18,407
2019 (2018 prior year)	3,166	5,955
Prior	26,174	36,188
Revolving Loans	0	0
Total	50,935	66,766
Substandard \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	3,146	5,772
2021 (2020 prior year)	5,715	34,343
2020 (2019 prior year)	31,439	9,613
2019 (2018 prior year)	7,399	7,308
Prior	31,939	24,129
Revolving Loans	0	0
Total	79,638	81,165
Substandard \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	17,950	0
2021 (2020 prior year)	58,133	12,575
2020 (2019 prior year)	0	18,043
2019 (2018 prior year)	15,487	23,507
Prior	14,852	0
Revolving Loans	1,298	1,298
Total	107,720	55,423
Substandard \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	2,988
2022 (2021 prior year)	0	28,359
2021 (2020 prior year)	0	9,154
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	2,989	0
Revolving Loans	0	0
Total	2,989	40,501
Substandard \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	368	157
2022 (2021 prior year)	1,007	311
2021 (2020 prior year)	403	224
2020 (2019 prior year)	200	205
2019 (2018 prior year)	204	25
Prior	7	6
Revolving Loans	0	0
Total	2,189	928
Substandard \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	2,000	0
2021 (2020 prior year)	0	46
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	535	34
Revolving Loans	0	0
Total	2,535	80
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans		0
Total	0	0
Doubtful \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - PAST DUE LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 16,020,305	$ 14,253,676
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	4,087,525	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,082,801	2,877,680
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,794,304	4,781,044
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	594,596	567,228
Other
Financing Receivable, Past Due [Line Items]
Total	6,240	11,134
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 23,239	$ 19,900
As a % of total gross loans	0.15%	0.14%
30-59 Days Past Due \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 13,976	$ 5,167
30-59 Days Past Due \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	4,224	9,455
30-59 Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days Past Due \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	4,949	4,865
30-59 Days Past Due \| Other
Financing Receivable, Past Due [Line Items]
Total	90	413
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 32,043	$ 19,494
As a % of total gross loans	0.20%	0.14%
60-89 Days Past Due \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 22,447	$ 1,518
60-89 Days Past Due \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	8,112	2,115
60-89 Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	14,852
60-89 Days Past Due \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,431	1,009
60-89 Days Past Due \| Other
Financing Receivable, Past Due [Line Items]
Total	53	0
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 82,155	$ 90,501
As a % of total gross loans	0.51%	0.63%
90+ Days Past Due \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 34,203	$ 63,286
90+ Days Past Due \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	29,154	26,556
90+ Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	14,852	0
90+ Days Past Due \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,411	466
90+ Days Past Due \| Other
Financing Receivable, Past Due [Line Items]
Total	2,535	193
Total
Financing Receivable, Past Due [Line Items]
Total	$ 137,437	$ 129,895
As a % of total gross loans	0.86%	0.91%
Total \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 70,626	$ 69,971
Total \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	41,490	38,126
Total \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	14,852	14,852
Total \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	7,791	6,340
Total \| Other
Financing Receivable, Past Due [Line Items]
Total	$ 2,678	$ 606

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 10,474	$ 8,723	$ 10,973	$ 5,723
Provision for Credit Losses	0	1,000	(499)	4,000
Balance, end of period	$ 10,474	$ 9,723	$ 10,474	$ 9,723

STOCKHOLDERS_ EQUITY AND STOC_3

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - NARRATIVE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Apr. 26, 2023
Stock Award Compensation Expense
Stock repurchase amount	$ 31,605,000		$ 31,605,000
Remaining amount under board authorization	21,000,000		21,000,000
Subsequent Event
Stock Award Compensation Expense
Stock repurchase program, maximum amount authorized					$ 100,000,000
Common Stock
Stock Award Compensation Expense
Stock repurchase amount	$ 31,600,000		$ 31,600,000
Repurchased stock, average price per share (in dollars per share)	$ 37.22		$ 37.22
RSUs
Stock Award Compensation Expense
Total fair value of shares vested in the period	$ 7,600,000	$ 9,700,000	$ 19,700,000	$ 24,600,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, outstanding, weighted average remaining contractual terms			1 year 3 months 18 days
RSUs \| A2014 Stock Incentive Plan
Stock Award Compensation Expense
Share-based compensation arrangement by share-based payment award, number of shares available for grant	1,347,923		1,347,923
Unrecognized compensation expense	$ 50,400,000		$ 50,400,000

STOCKHOLDERS_ EQUITY AND STOC_4

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - UNRECOGNIZED COMPENSATION EXPENSE RELATED TO NON-VESTED AWARDS (Details) - RSUs $ in Thousands	Mar. 31, 2023 USD ($)
Stock Award Compensation Expense
Remainder of fiscal year 2023	$ 7,113
2024	22,261
2025	14,418
2026	5,561
2027	832
Thereafter	194
Total	$ 50,379

STOCKHOLDERS_ EQUITY AND STOC_5

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - RSUs	9 Months Ended
	Mar. 31, 2023 $ / shares shares
Restricted Stock Units
Non-vested balance, beginning (in shares) \| shares	1,350,763
Granted (in shares) \| shares	735,938
Vested (in shares) \| shares	(480,811)
Forfeited (in shares) \| shares	(59,166)
Non-vested balance, ending (in shares) \| shares	1,546,724
Weighted-Average Grant-Date Fair Value
Non-vested balance, beginning (in dollars per share) \| $ / shares	$ 41.16
Granted (in dollars per share) \| $ / shares	38.52
Vested (in dollars per share) \| $ / shares	34.17
Forfeited (in dollars per share) \| $ / shares	40.56
Non-vested balance, ending (in dollars per share) \| $ / shares	$ 42.10

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Common Share
Net income	$ 79,850	$ 61,823	$ 219,809	$ 182,820
Average common shares outstanding (in shares)	59,930,634	59,542,128	59,928,263	59,476,488
Basic earnings per common share (in dollars per share)	$ 1.33	$ 1.04	$ 3.67	$ 3.07
Diluted Earnings Per Common Share
Net income	$ 79,850	$ 61,823	$ 219,809	$ 182,820
Average common shares issued and outstanding (in shares)	59,930,634	59,542,128	59,928,263	59,476,488
Total dilutive common shares outstanding (in shares)	60,627,400	60,611,959	60,595,414	60,605,486
Diluted earnings per common share (in dollars per share)	$ 1.32	$ 1.02	$ 3.63	$ 3.02
RSUs
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	696,766	1,069,831	667,151	1,128,998

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of fiscal year 2023	$ 2,747
2024	11,119
2025	11,296
2026	10,967
2027	11,031
Thereafter	29,861
Total lease payments	77,021
Less: amount representing interest	(7,291)
Total lease liability	$ 69,730

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details)				1 Months Ended
COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details)	Mar. 31, 2023 USD ($) derivativeAction	Mar. 29, 2023 USD ($)	Oct. 26, 2022 USD ($)	Dec. 31, 2015 derivativeAction	Aug. 10, 2017 derivativeAction
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loss contingency, new derivative actions filed \| derivativeAction	2			2
Loss contingency, number of pending derivative actions \| derivativeAction					6
Loss contingency, number of pending derivative actions to be consolidated \| derivativeAction	6
MUFG Union Bank v. Axos Bank
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Litigation amount awarded to third party		$ 7,800,000	$ 15,800,000
Accrued litigation expense	$ 16,000,000
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	2,873,500,000
Loan Origination Commitments \| Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	$ 57,500,000
Weighted average fixed interest rate on commitments to extend credit	8.09%
Loan Origination Commitments \| Fixed Interest Rate \| Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment	$ 8,500,000
Loan Origination Commitments \| Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	2,816,000,000
Loan Origination Commitments \| Variable Interest Rate \| Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment	$ 0

SEGMENT REPORTING AND REVENUE_3

SEGMENT REPORTING AND REVENUE INFORMATION (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment			2
Segment Reporting Information [Line Items]
Net interest income	$ 198,982	$ 149,538	$ 579,367	$ 441,748
Provision for credit losses	5,500	4,500	17,750	12,500
Non-interest income	32,246	28,774	87,783	86,263
Non-interest expense	111,044	86,819	334,659	257,269
INCOME BEFORE INCOME TAXES	114,684	86,993	314,741	258,242
Goodwill	97,673		97,673		$ 95,674
Total Assets	19,782,481		19,782,481		17,401,165
Operating segments \| Banking Business
Segment Reporting Information [Line Items]
Net interest income	196,249	147,828	574,524	432,328
Provision for credit losses	5,500	4,500	17,750	12,500
Non-interest income	10,685	15,741	31,954	46,864
Non-interest expense	98,252	65,076	295,332	190,250
INCOME BEFORE INCOME TAXES	103,182	93,993	293,396	276,442
Goodwill	35,721		35,721		35,721
Total Assets	18,940,271		18,940,271		16,002,714
Operating segments \| Securities Business
Segment Reporting Information [Line Items]
Net interest income	6,335	3,377	15,486	14,059
Provision for credit losses	0	0	0	0
Non-interest income	38,298	15,609	103,467	45,169
Non-interest expense	25,138	20,242	74,924	61,169
INCOME BEFORE INCOME TAXES	19,495	(1,256)	44,029	(1,941)
Goodwill	61,952		61,952		59,953
Total Assets	765,295		765,295		1,328,558
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(3,602)	(1,667)	(10,643)	(4,639)
Provision for credit losses	0	0	0	0
Non-interest income	(16,737)	(2,576)	(47,638)	(5,770)
Non-interest expense	(12,346)	1,501	(35,597)	5,850
INCOME BEFORE INCOME TAXES	(7,993)	$ (5,744)	(22,684)	$ (16,259)
Goodwill	0		0		0
Total Assets	$ 76,915		$ 76,915		$ 69,893

SEGMENT REPORTING AND REVENUE_4

SEGMENT REPORTING AND REVENUE INFORMATION - NON-INTEREST INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting [Abstract]
Advisory fee income	$ 6,879	$ 7,739	$ 20,821	$ 21,078
Broker-dealer clearing fees	6,228	4,387	15,886	15,400
Deposit service fees	623	613	3,931	3,645
Card fees	737	946	3,670	2,910
Bankruptcy trustee and fiduciary service fees	1,566	877	4,506	2,725
Non-interest income (in-scope Topic 606)	16,033	14,562	48,814	45,758
Non-interest income (out-of-scope Topic 606)	16,213	14,212	38,969	40,505
Total non-interest income	$ 32,246	$ 28,774	$ 87,783	$ 86,263