Axos Financial (AX) 10-Q30 Oct 242025 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 18, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		57,092,434
Entity Central Index Key	0001299709
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
ASSETS
Cash and cash equivalents	$ 2,570,506	$ 1,979,979
Restricted cash	233,350	205,797
Total cash, cash equivalents and restricted cash	2,803,856	2,185,776
Trading securities	594	353
Available-for-sale securities	137,996	141,611
Stock of regulatory agencies	34,417	21,957
Loans held for sale, carried at fair value	14,566	16,482
Loans—net of allowance for credit losses of $263,854 as of September 30, 2024 and $260,542 as of June 30, 2024	19,280,609	19,231,385
Servicing rights, carried at fair value	27,335	28,924
Securities borrowed	84,326	67,212
Customer, broker-dealer and clearing receivables	262,774	240,028
Goodwill and other intangible assets—net	139,215	141,769
Other assets	783,396	779,837
TOTAL ASSETS	23,569,084	22,855,334
Deposits:
Non-interest-bearing	3,055,605	2,975,631
Interest bearing	16,917,724	16,383,586
Total deposits	19,973,329	19,359,217
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	313,519	325,679
Securities loaned	95,883	74,177
Customer, broker-dealer and clearing payables	315,985	301,127
Accounts payable and other liabilities	374,640	414,538
Total liabilities	21,163,356	20,564,738
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized; 70,562,333 shares issued and 57,092,216 shares outstanding as of September 30, 2024; 70,221,632 shares issued and 56,894,565 shares outstanding as of June 30, 2024	706	702
Additional paid-in capital	520,795	510,232
Accumulated other comprehensive income (loss)—net of income tax	(765)	(2,466)
Retained earnings	2,297,957	2,185,617
Treasury stock, at cost; 13,470,117 shares as of September 30, 2024 and 13,327,067 shares as of June 30, 2024	(412,965)	(403,489)
Total stockholders’ equity	2,405,728	2,290,596
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 23,569,084	$ 22,855,334

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
ASSETS
Allowance for loan and lease losses	$ 263,854	$ 260,542
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)	70,562,333	70,221,632
Common stock, shares outstanding (in shares)	57,092,216	56,894,565
Treasury stock, at cost (in shares)	13,470,117	13,327,067

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 438,229	$ 326,974
Securities borrowed and customer receivables	6,271	4,995
Investments and other	39,762	31,983
Total interest and dividend income	484,262	363,952
INTEREST EXPENSE:
Deposits	187,269	146,110
Advances from the Federal Home Loan Bank	529	529
Securities loaned	540	449
Other borrowings	3,876	5,709
Total interest expense	192,214	152,797
Net interest income	292,048	211,155
Provision for credit losses	14,000	7,000
Net interest income, after provision for credit losses	278,048	204,155
NON-INTEREST INCOME:
Broker-dealer fee income	11,060	12,477
Advisory fee income	7,945	8,219
Banking and service fees	8,613	8,350
Mortgage banking and servicing rights income	450	3,878
Prepayment penalty fee income	541	1,583
Total non-interest income	28,609	34,507
NON-INTEREST EXPENSE:
Salaries and related costs	74,293	55,811
Data and operational processing	18,985	16,084
Depreciation and amortization	7,450	5,878
Advertising and promotional	14,253	10,375
Professional services	9,895	9,811
Occupancy and equipment	4,318	3,846
FDIC and regulatory fees	5,956	4,449
Broker-dealer clearing charges	4,307	4,012
General and administrative expense	8,008	10,240
Total non-interest expense	147,465	120,506
INCOME BEFORE INCOME TAXES	159,192	118,156
INCOME TAXES	46,852	35,511
NET INCOME	$ 112,340	$ 82,645
Basic earnings per common share (in dollars per share)	$ 1.97	$ 1.40
Diluted earnings per common share (in dollars per share)	$ 1.93	$ 1.38

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 112,340	$ 82,645
Net unrealized gain (loss) from available-for-sale securities, net of income tax	1,319	222
Net unrealized gain (loss) on cash flow hedges, net of income tax	382	0
Other comprehensive income (loss)	1,701	222
COMPREHENSIVE INCOME	$ 114,041	$ 82,867

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss), Net of Income Tax	Retained Earnings
Common stock, issued, beginning balance (in shares) at Jun. 30, 2023		69,465,446
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2023			(10,522,411)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2023		58,943,035
Stockholder's equity, beginning balance at Jun. 30, 2023	$ 1,917,159	$ 695	$ (292,413)	$ 479,878	$ (6,610)	$ 1,735,609
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	82,645					82,645
Other comprehensive income (loss)	222				222
Purchase of treasury stock (in shares)		(648,208)	(648,208)
Purchase of treasury stock	(24,536)		$ (24,536)
Stock-based compensation activity, issued (in shares)		360,817
Stock-based compensation activity, treasury stock (in shares)			(151,668)
Stock-based compensation activity, outstanding (in shares)		209,149
Stock-based compensation activity	718	$ 3	$ (6,083)	6,798
Common stock, issued, ending balance (in shares) at Sep. 30, 2023		69,826,263
Common stock, treasury, ending balance (in shares) at Sep. 30, 2023			(11,322,287)
Common stock, outstanding, ending balance (in shares) at Sep. 30, 2023		58,503,976
Stockholder's equity, ending balance at Sep. 30, 2023	$ 1,976,208	$ 698	$ (323,032)	486,676	(6,388)	1,818,254
Common stock, issued, beginning balance (in shares) at Jun. 30, 2024	70,221,632	70,221,632
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2024	(13,327,067)		(13,327,067)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2024	56,894,565	56,894,565
Stockholder's equity, beginning balance at Jun. 30, 2024	$ 2,290,596	$ 702	$ (403,489)	510,232	(2,466)	2,185,617
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	112,340					112,340
Other comprehensive income (loss)	1,701				1,701
Stock-based compensation activity, issued (in shares)		340,701
Stock-based compensation activity, treasury stock (in shares)			(143,050)
Stock-based compensation activity, outstanding (in shares)		197,651
Stock-based compensation activity	$ 1,091	$ 4	$ (9,476)	10,563
Common stock, issued, ending balance (in shares) at Sep. 30, 2024	70,562,333	70,562,333
Common stock, treasury, ending balance (in shares) at Sep. 30, 2024	(13,470,117)		(13,470,117)
Common stock, outstanding, ending balance (in shares) at Sep. 30, 2024	57,092,216	57,092,216
Stockholder's equity, ending balance at Sep. 30, 2024	$ 2,405,728	$ 706	$ (412,965)	$ 520,795	$ (765)	$ 2,297,957

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 112,340	$ 82,645
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	7,450	5,878
Other accretion and amortization	(37,358)	(3,101)
Stock-based compensation expense	10,239	6,802
Trading activity	(241)	118
Provision for credit losses	14,000	7,000
Deferred income taxes	464	3,526
Origination of loans held for sale	(69,570)	(50,607)
Unrealized and realized gains on loans held for sale	(2,881)	(1,796)
Proceeds from sale of loans held for sale	74,532	65,138
Change in the fair value of servicing rights	1,765	(3,448)
Gain on repurchase of subordinated notes	(604)	0
Net change in assets and liabilities which provide (use) cash:
Securities borrowed	(17,114)	37,915
Customer, broker-dealer and clearing receivables	(22,746)	88,651
Other Assets	4,243	(86,716)
Securities loaned	21,706	(43,386)
Customer, broker-dealer and clearing payables	14,858	(103,562)
Accounts payable and other liabilities	(40,295)	29,130
Net cash provided by operating activities	70,788	34,187
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(16,000)	(4,796)
Proceeds from sale and repayment of available-for-sale securities	21,564	718
Purchase of stock of regulatory agencies	(12,446)	0
Net change in loans held for investment	(48,333)	(444,421)
Proceeds from sale of loans originally classified as held for investment	27,800	0
Proceeds from sale of other real estate owned and repossessed assets	2,202	918
Purchase of loans and leases, net of discounts and premiums	0	(51,892)
Purchases of furniture, equipment, software and intangibles	(17,770)	(6,492)
Purchases of other investments	(2,558)	(910)
Distributions received from other investments	0	593
Net cash used in investing activities	(45,541)	(506,282)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	614,112	442,633
Net (repayment) proceeds of other borrowings	0	85,700
Payments related to settlement of restricted stock units	(9,476)	(6,083)
Purchase of treasury stock	0	(18,472)
Repurchase of subordinated notes	(11,803)	0
Net cash provided by financing activities	592,833	503,778
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	618,080	31,683
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year	2,185,776	2,382,086
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period	2,803,856	2,413,769
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on interest-bearing liabilities	192,306	152,359
Income taxes paid	40,158	52,664
Transfers to other real estate and repossessed vehicles from loans held for investment	585	1,847
Transfers from loans held for investment to loans held for sale	28,140	2,783
Operating lease liabilities from obtaining right of use assets	$ 212	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2024
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. and its wholly owned subsidiaries (“Axos” or the “Company”). Axos Bank (the “Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities constitute the Banking Business Segment, and Axos Securities, LLC and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios with an aggregate unpaid principal balance of $1.3 billion at a 37% discount to par. For additional information on the “FDIC Loan Purchase,” see Note 2— “Acquisitions” in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (“2024 Form 10-K”) filed with the Securities and Exchange Commission (“SEC”). 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. Certain amounts reported in prior periods have been reclassified to conform with the current presentation. Results for the three months ended September 30, 2024 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 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, 2024 included in the 2024 Form 10-K. Significant Accounting Policies For further information regarding the Company’s significant accounting policies, see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K. During the three months ended September 30, 2024, there were no significant updates to the Company’s significant accounting policies, other than as noted below and the adoption of the accounting standards noted herein. Stock of Regulatory Agencies . The Bank is a member of the Federal Home Loan Bank (“FHLB”) system and the Federal Reserve System (the “Federal Reserve”). FHLB members are required to own a certain amount of FHLB stock based on the level of borrowings and other factors while Federal Reserve members are required to own a certain amount of Federal Reserve Bank stock based on the member’s equity capital and surplus. FHLB and Federal Reserve Bank stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Axos Securities, LLC is a member of the Depository Trust & Clearing Corporation (“DTCC”), a financial services company providing clearing and settlement services to the financial markets. Members are required to own a certain amount of DTCC stock based on the clearing levels and other factors. DTCC stock is valued based on information provided by the DTCC, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of carrying value. Comprehensive Income. Comprehensive income consists of net income and other comprehensive income (“OCI”). OCI includes unrealized gains and losses on available-for-sale securities and gains and losses on derivatives in designated cash flow hedge accounting relationships. Derivatives . Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to economically hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in “Mortgage banking income” on the Consolidated Statements of Income. The Company makes markets in interest rate swap and cap derivatives to facilitate customer demand. The Company enters into offsetting derivative transactions to offset its interest rate risk associated with this customer transaction activity. The Company acquired as part of the FDIC Loan Purchase certain customer-facing interest rate derivatives and related market-facing derivatives which offset the Company’s interest rate risk. For additional information on these derivatives see Note 2— “Acquisitions” in the 2024 Form 10-K and Note 5— “Derivatives.” Changes in the fair values of these derivatives, and related fees, are included in “Banking and service fees” on the Consolidated Statements of Income. Derivative assets and liabilities are not subject to any counterparty netting and are presented at fair value on a gross basis in “Other assets” and “Accounts payable and other liabilities”, respectively, in the Consolidated Balance Sheets and cash flows related to derivative assets and liabilities are presented in “Net change in assets and liabilities which provide (use) cash - Other Assets” and “Net change in assets and liabilities which provide (use) cash - Accounts payable and other liabilities,” respectively, in the Consolidated Statements of Cash Flows. The Company applies hedge accounting to certain derivative instruments for interest rate risk management purposes. The Company uses such derivative instruments to hedge forecasted variable cash flows from floating-rate deposits. For designated cash flow hedges, changes in the fair value of the derivatives are initially recorded in OCI and subsequently recognized in earnings once the hedged item affects earnings. Derivative gains and losses reclassified to earnings are recognized in interest expense on the condensed Consolidated Statements of Income, consistent with the hedged floating-rate deposits. Hedge accounting relationships, including the associated risk management objective and strategy, are formally documented at inception. Additionally, the effectiveness of hedge accounting relationships is monitored throughout the duration of the hedge period. Hedge accounting treatment is discontinued either when the derivative is terminated, when it is determined that a derivative is not expected to be, or has ceased to be, effective as a hedge or if the Company removes the cash flow hedge designation. If a hedge accounting relationship is terminated and the original hedged transaction remains probable to occur, the amount in accumulated other comprehensive income is recognized in earnings on a straight-line basis over the remaining term of the derivative. If the original hedged transaction no longer remains probable to occur, any amount in accumulated other comprehensive income is immediately recognized in income. New Accounting Standards Recently Adopted Accounting Standards On July 1, 2024, the Company adopted Accounting Standards Update (“ASU”) 2023-02 which permits an election, if certain conditions are met, to account for tax equity investments using the proportional amortization method, which was previously limited to low-income housing tax credit (“LIHTC”) investments. As the Company’s tax equity investments solely comprise LIHTC investments accounted for under the proportional amortization method, there was no impact on its financial condition or results of operations upon adoption. For additional information on the Company’s LIHTC investments, see Note 12 – “Other Assets.” Accounting Standards Issued But Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07 which requires disclosure of significant business segment expenses and a description of the composition of other segment expenses by business segment. The ASU also requires disclosure of the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-09 which requires further granularity on the disclosure of income taxes, including: • Certain prescribed line items in the income tax rate reconciliation presented both in dollar and percentage terms; • Income taxes paid, income before income taxes and income taxes disaggregated by federal, state and foreign taxes; and • Further disaggregation of income taxes paid by any individual jurisdiction equal to or exceeding five percent of total income taxes paid. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption.

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at September 30, 2024 and June 30, 2024. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement: September 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 594 $ — $ 594 Available-for-sale securities: Agency MBS 43,120 — 43,120 Non-Agency MBS — 91,309 91,309 Municipal 3,567 — 3,567 Total—Available-for-sale securities: $ 46,687 $ 91,309 $ 137,996 Loans held for sale $ 14,566 $ — $ 14,566 Servicing rights $ — $ 27,335 $ 27,335 Other assets—Derivative instruments $ 66,172 $ — $ 66,172 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 63,225 $ — $ 63,225 June 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 353 $ — $ 353 Available-for-sale securities: Agency MBS 27,259 — 27,259 Non-Agency MBS — 110,928 110,928 Municipal 3,424 — 3,424 Total—Available-for-sale securities: $ 30,683 $ 110,928 $ 141,611 Loans held for sale $ 16,482 $ — $ 16,482 Servicing rights $ — $ 28,924 $ 28,924 Other assets—Derivative instruments $ 106,796 $ — $ 106,796 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,949 $ — $ 102,949 The following tables present 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: For the Three Months Ended September 30, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 110,928 $ 28,924 $ 139,852 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (1,852) (1,852) Included in other comprehensive income 782 — 782 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 263 263 Settlements (20,401) — (20,401) Closing balance $ 91,309 $ 27,335 $ 118,644 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,852) $ (1,852) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights 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 for the three months ended September 30, 2024 and a decrease in servicing rights value resulting from market-driven changes in interest rates of $1.6 million for the three months ended September 30, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months Ended September 30, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 1,858 1,858 Included in other comprehensive income 1,316 — 1,316 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,037 2,037 Settlements (245) — (245) Closing balance $ 206,076 $ 29,338 $ 235,414 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,858 $ 1,858 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights 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 for the three months ended September 30, 2023, and an increase in servicing rights value resulting from market-driven changes in interest rates of $2.1 million for the three months ended September 30, 2023. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. The table below summarizes the quantitative information about Level 3 fair value measurements: September 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 91,309 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 69.6% (34.5%) 0.0 to 5.5% (2.6%) 0.0 to 68.9% (32.6%) 2.5 to 4.9% (2.6%) 0.0 to 64.3% (26.1%) Servicing Rights $ 27,335 Discounted Cash Flow Projected Constant Prepayment Rate, 5.2 to 24.2% (10.9%) 2.4 to 11.1 (8.3) 9.5 to 11.2% (9.8%) June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 110,928 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 72.1% (38.0%) 0.0 to 13.7% (2.8%) 0.0 to 68.9% (32.9%) 2.5 to 4.9% (2.5%) 0.0 to 64.9% (22.8%) Servicing Rights $ 28,924 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) 1 The weighted average for Available-for-sale securities: Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced. For non-agency mortgage-backed securities, 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. For servicing rights, significant increases in projected prepayment rates or discount rates in isolation would result in a significantly lower fair value measurement, while a significant increase in expected life in isolation would result in a significantly higher fair value measurement. Generally, a change in the projected prepayment rates is accompanied by a directionally opposite change in expected life. The aggregate fair value of loans held for sale, carried at fair value, the contractual balance (including accrued interest), and the unrealized gain were: (Dollars in thousands) September 30, 2024 June 30, 2024 Aggregate fair value $ 14,566 $ 16,482 Contractual balance 13,977 15,966 Unrealized gain $ 589 $ 516 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: September 30, (Dollars in thousands) 2024 2023 Interest income $ 288 $ 189 Change in fair value 17 (129) Total $ 305 $ 60 Fair Value of Financial Instruments Carrying amounts and estimated fair values of financial instruments at September 30, 2024 and June 30, 2024 were: September 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,803,856 $ 2,803,856 $ — $ — $ 2,803,856 Trading securities 594 — 594 — 594 Available-for-sale securities 137,996 — 46,687 91,309 137,996 Stock of regulatory agencies 34,417 — 34,417 — 34,417 Loans held for sale, at fair value 14,566 — 14,566 — 14,566 Loans held for investment—net 19,280,609 — — 19,563,846 19,563,846 Securities borrowed 84,326 — — 83,501 83,501 Customer, broker-dealer and clearing receivables 262,774 — — 261,163 261,163 Servicing rights 27,335 — — 27,335 27,335 Other assets - derivative instruments 66,172 — 66,172 — 66,172 Financial liabilities: Total deposits 19,973,329 — 19,743,134 — 19,743,134 Advances from the Federal Home Loan Bank 90,000 — 86,700 — 86,700 Borrowings, subordinated notes and debentures 313,519 — 285,114 — 285,114 Securities loaned 95,883 — — 95,398 95,398 Customer, broker-dealer and clearing payables 315,985 — — 315,985 315,985 Accounts payable and other liabilities - derivative instruments 63,225 — 63,225 — 63,225 June 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,185,776 $ 2,185,776 $ — $ — $ 2,185,776 Trading securities 353 — 353 — 353 Available-for-sale securities 141,611 — 30,683 110,928 141,611 Stock of regulatory agencies 21,957 — 21,957 — 21,957 Loans held for sale, at fair value 16,482 — 16,482 — 16,482 Loans held for investment—net 19,231,385 — — 19,209,442 19,209,442 Securities borrowed 67,212 — — 71,480 71,480 Customer, broker-dealer and clearing receivables 240,028 — — 249,317 249,317 Servicing rights 28,924 — — 28,924 28,924 Other assets - derivative instruments 106,796 — 106,796 — 106,796 Financial liabilities: Total deposits 19,359,217 — 19,217,281 — 19,217,281 Advances from the Federal Home Loan Bank 90,000 — 84,201 — 84,201 Borrowings, subordinated notes and debentures 325,679 — 302,487 — 302,487 Securities loaned 74,177 — — 74,021 74,021 Customer, broker-dealer and clearing payables 301,127 — — 301,127 301,127 Accounts payable and other liabilities - derivative instruments 102,949 — 102,949 — 102,949 The carrying amount represents the estimated fair value for cash, cash equivalents and restricted cash, stock of regulatory agencies, 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, loans held for sale and derivatives can be found in Note 3 — “Fair Value” in the 2024 Form 10-K. The fair value of off-balance sheet items is not considered material.

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES	3 Months Ended
AVAILABLE-FOR-SALE SECURITIES	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
AVAILABLE-FOR-SALE SECURITIES	AVAILABLE-FOR-SALE SECURITIES The amortized cost and fair value of available-for-sale securities were: September 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 44,702 $ 359 $ (1,941) $ 43,120 Non-agency 2 90,258 1,295 (244) 91,309 Total mortgage-backed securities 134,960 1,654 (2,185) 134,429 Municipal 3,822 — (255) 3,567 Total available-for-sale securities $ 138,782 $ 1,654 $ (2,440) $ 137,996 June 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 29,835 $ 83 $ (2,659) $ 27,259 Non-agency 2 110,658 838 (568) 110,928 Total mortgage-backed securities 140,493 921 (3,227) 138,187 Municipal 3,788 — (364) 3,424 Total available-for-sale securities $ 144,281 $ 921 $ (3,591) $ 141,611 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 prime, Alt-A or pay-option ARM mortgages. The Company evaluates available-for-sale securities in an unrealized loss position based on an analysis of a number of factors, including, but not limited to: (1) the credit characteristics of the securities, such as the forecasted cash flows, credit ratings, credit enhancement, and government agency or government sponsored enterprise backing, as applicable, and (2) whether the Company intends to sell or will be required to sell any of the securities before recovering the amortized cost basis. Based on its analysis, the Company determined the unrealized losses on available-for-sale securities are primarily driven by the increase in interest rates since the securities were purchased and, accordingly, no credit losses were recognized on available-for-sale securities in the three months ended September 30, 2024 and September 30, 2023. There was no amount in the allowance for credit losses for available-for-sale securities at September 30, 2024 and June 30, 2024. The face amounts of available-for-sale securities pledged to secure borrowings were $0.8 million as of September 30, 2024 and June 30, 2024. There were no sales of available-for-sale securities during the three months ended September 30, 2024 and September 30, 2023. Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were: September 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 15,991 $ (8) $ 18,741 $ (1,933) $ 34,732 $ (1,941) Non-agency — — 58,565 (244) 58,565 (244) Total MBS 15,991 (8) 77,306 (2,177) 93,297 (2,185) Municipal — — 3,567 (255) 3,567 (255) Total available-for-sale securities $ 15,991 $ (8) $ 80,873 $ (2,432) $ 96,864 $ (2,440) June 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,644 $ (31) $ 19,298 $ (2,628) $ 21,942 $ (2,659) Non-agency 15 — 78,364 (568) 78,379 (568) Total MBS 2,659 (31) 97,662 (3,196) 100,321 (3,227) Municipal — — 3,424 (364) 3,424 (364) Total available-for-sale securities $ 2,659 $ (31) $ 101,086 $ (3,560) $ 103,745 $ (3,591) The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity: As of September 30, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 44,702 $ 10,367 $ 25,954 $ 6,323 $ 2,058 Non-Agency $ 90,258 $ 86,452 $ 1,817 $ 1,389 $ 600 Total MBS $ 134,960 $ 96,819 $ 27,771 $ 7,712 $ 2,658 Municipal $ 3,822 $ — $ — $ — $ 3,822 Available-for-sale—Amortized cost $ 138,782 $ 96,819 $ 27,771 $ 7,712 $ 6,480 Available-for-sale—Fair value $ 137,996 $ 96,543 $ 27,421 $ 7,735 $ 6,297

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES	Sep. 30, 2024
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate (“Non-RE”) and Auto & Consumer. For further detail of the segments of the Company’s loan portfolio, see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K. The following table sets forth the composition of the loan portfolio: (Dollars in thousands) September 30, 2024 June 30, 2024 Single Family - Mortgage & Warehouse $ 4,151,583 $ 4,178,832 Multifamily and Commercial Mortgage 1 3,647,469 3,861,931 Commercial Real Estate 1 6,256,265 6,088,622 Commercial & Industrial - Non-RE 5,354,752 5,241,766 Auto & Consumer 415,765 431,660 Total gross loans 19,825,834 19,802,811 Allowance for credit losses - loans (263,854) (260,542) Unaccreted premiums (discounts) and loan fees (281,371) (310,884) Total net loans $ 19,280,609 $ 19,231,385 1 Includes purchased credit deteriorated (“PCD”) loans of $282.6 million and $284.0 million in Multifamily and Commercial Mortgage and $44.5 million and $44.5 million in Commercial Real Estate as of September 30, 2024 and June 30, 2024, respectively. For further detail on PCD loans, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K. Accrued interest receivable At September 30, 2024 and June 30, 2024, the Company has pledged certain loans totaling $4,680.7 million and $4,942.8 million, respectively, to the FHLB and $8,194.2 million and $8,197.2 million, respectively, to the Federal Reserve Bank of San Francisco (“FRBSF”). The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of September 30, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 47.9 % 55.8 % 52.1 % 40.1 % Median LTV 52.0 % 54.0 % 50.0 % 43.5 % The Company’s effective weighted-average LTV was 50.9% for loans within its real estate portfolio originated during the three months ended September 30, 2024. The following table presents the components of the provision for credit losses: September 30, (Dollars in thousands) 2024 2023 Provision for credit losses - loans $ 11,500 $ 5,750 Provision for credit losses - unfunded lending commitments 2,500 1,250 Total provision for credit losses $ 14,000 $ 7,000 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: For the Three Months Ended September 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2024 $ 16,943 $ 70,771 $ 87,780 $ 76,032 $ 9,016 $ 260,542 Provision (benefit) for credit losses - loans 464 (1,806) 7,252 3,555 2,035 11,500 Charge-offs — (3,357) — (3,032) (2,849) (9,238) Recoveries 46 — — — 1,004 1,050 Balance at September 30, 2024 $ 17,453 $ 65,608 $ 95,032 $ 76,555 $ 9,206 $ 263,854 For the Three Months Ended September 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 Provision (benefit) for credit losses - loans (10) (974) (1,400) 8,245 (111) 5,750 Charge-offs (80) — — — (2,281) (2,361) Recoveries 13 — — — 788 801 Balance at September 30, 2023 $ 17,426 $ 15,874 $ 71,355 $ 54,592 $ 11,623 $ 170,870 For the three months ended September 30, 2024, the allowance for credit losses for loans increased as a result of the provision for credit losses, partially offset by net charge-offs. The provision for credit losses was primarily due to the quantitative impact of macroeconomic variables in the allowance for credit losses model, primarily the U.S. unemployment rate, and increases in specific reserves, mainly in the commercial & industrial - non-RE portfolio. 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, see Note 1 — “ Organizations and Summary of Significant Accounting Policies ” in the 2024 Form 10-K. The following tables present a summary of the activity in the allowance for credit losses for off-balance sheet lending commitments: Three Months Ended September 30, (Dollars in thousands) 2024 2023 Balance at July 1, $ 10,223 $ 10,473 Provision for credit losses - unfunded lending commitments 2,500 1,250 Balance at September 30, $ 12,723 $ 11,723 The increase in the allowance for off-balance sheet lending commitments for the three months ended September 30, 2024, was primarily driven by unfunded lending commitment growth, primarily in the commercial & industrial - non-RE portfolio. Credit Quality Disclosures. The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment: September 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,092,504 $ 3,616,032 $ 6,215,663 $ 5,311,156 $ 413,781 $ 19,649,136 Nonaccrual 59,079 31,437 40,602 43,596 1,984 176,698 Total $ 4,151,583 $ 3,647,469 $ 6,256,265 $ 5,354,752 $ 415,765 $ 19,825,834 Nonaccrual loans to total loans 0.89 % June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,133,121 $ 3,826,877 $ 6,062,520 $ 5,237,746 $ 429,188 $ 19,689,452 Nonaccrual 45,711 35,054 26,102 4,020 2,472 113,359 Total $ 4,178,832 $ 3,861,931 $ 6,088,622 $ 5,241,766 $ 431,660 $ 19,802,811 Nonaccrual loans to total loans 0.57 % There were no nonaccrual loans without an allowance for credit losses as of September 30, 2024 and June 30, 2024. There was no interest income recognized on nonaccrual loans in the three months ended September 30, 2024 and 2023. Loans reaching 90 days past due are generally placed on nonaccrual status and risk rated as substandard or doubtful. Loans not yet reaching 90 days past due may be placed on nonaccrual status based on management’s assessment of the aging of contractual principal amounts due, among other factors. 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. In addition to the borrower’s primary source of repayment, in its risk rating process the Company considers all available sources of repayment, including obligor guaranties and liquidations of pledged collateral, where individually or together such sources would fully repay the loan on a timely basis. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following internally-defined risk ratings. Pass. Loans where repayment in full is expected through any of the borrower’s sources of repayment. Special Mention . Loans where any credit risk is not considered significant yet require management’s attention given certain currently identified characteristics of the borrower, collateral securing the loan and the obligor’s net worth and paying capacity. If the identified credit risks are not adequately monitored or mitigated, the loan may weaken and the Company’s credit position with respect to the loan may deteriorate in the future. Substandard . Loans where currently identified characteristics of the borrower, collateral securing the loan and the obligor’s net worth and paying capacity, taken together, could jeopardize the repayment of the debt. A loan not fully supported by at least one available source of repayment and involves a distinct possibility that the Company will sustain some loss in that loan if the weakness is not cured. A loan supported by a guaranty, collateral sufficient to incentivize a sale or refinance, or cash flow that is sufficient for timely repayment in full will not be classified as substandard even if the loan has a well-defined weakness in other sources of repayment. Doubtful . Loans reflecting the same characteristics as those classified as substandard, but for which repayment in full in accordance with the contractual terms is currently considered highly unlikely. 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 following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of year-to-date gross charge-offs. September 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2025 2024 2023 2022 2021 Prior Single Family-Mortgage & Warehouse Pass $ 123,052 $ 434,335 $ 550,071 $ 1,171,584 $ 476,230 $ 912,453 $ 345,288 $ 4,013,013 Special Mention — 31,000 — 7,374 5,394 34,621 — 78,389 Substandard — — 1,085 9,668 — 49,428 — 60,181 Doubtful — — — — — — — — Total 123,052 465,335 551,156 1,188,626 481,624 996,502 345,288 4,151,583 Year-to-date gross charge-offs — — — — — — — — Multifamily and Commercial Mortgage Pass 6,410 30,848 652,262 1,023,889 493,090 1,221,788 — 3,428,287 Special Mention — — 23,774 41,030 8,975 52,624 — 126,403 Substandard — — 9,166 7,435 29,396 46,782 — 92,779 Doubtful — — — — — — — — Total 6,410 30,848 685,202 1,072,354 531,461 1,321,194 — 3,647,469 Year-to-date gross charge-offs — — — — — 3,357 — 3,357 Commercial Real Estate Pass 725,167 1,939,760 1,144,414 1,234,466 143,009 45,487 871,853 6,104,156 Special Mention — 63,389 — — — — — 63,389 Substandard — — 14,608 43,700 11,650 14,852 3,910 88,720 Doubtful — — — — — — — — Total 725,167 2,003,149 1,159,022 1,278,166 154,659 60,339 875,763 6,256,265 Year-to-date gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 201,920 923,047 465,232 151,653 42,580 31,291 3,299,654 5,115,377 Special Mention — 13,500 386 678 3,893 — 4,284 22,741 Substandard — 243 32,942 128,295 — 2,989 42,165 206,634 Doubtful — — — 10,000 — — — 10,000 Total 201,920 936,790 498,560 290,626 46,473 34,280 3,346,103 5,354,752 Year-to-date gross charge-offs — — — — 1,032 — 2,000 3,032 Auto & Consumer Pass 28,400 62,125 103,149 158,952 38,274 21,978 — 412,878 Special Mention — 34 275 390 69 26 — 794 Substandard — 9 567 1,108 234 175 — 2,093 Doubtful — — — — — — — — Total 28,400 62,168 103,991 160,450 38,577 22,179 — 415,765 Year-to-date gross charge-offs — 197 626 1,354 494 178 — 2,849 Total Pass 1,084,949 3,390,115 2,915,128 3,740,544 1,193,183 2,232,997 4,516,795 19,073,711 Special Mention — 107,923 24,435 49,472 18,331 87,271 4,284 291,716 Substandard — 252 58,368 190,206 41,280 114,226 46,075 450,407 Doubtful — — — 10,000 — — — 10,000 Total $ 1,084,949 $ 3,498,290 $ 2,997,931 $ 3,990,222 $ 1,252,794 $ 2,434,494 $ 4,567,154 $ 19,825,834 As a % of total gross loans 5.5% 17.6% 15.1% 20.1% 6.3% 12.3% 23.1% 100.0% Total year-to-date gross charge-offs $ — $ 197 $ 626 $ 1,354 $ 1,526 $ 3,535 $ 2,000 $ 9,238 June 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 491,822 $ 590,060 $ 1,200,230 $ 487,132 $ 291,047 $ 720,049 $ 256,778 $ 4,037,118 Special Mention 31,000 — 24,489 665 6,591 26,873 — 89,618 Substandard — 283 6,728 — 14,720 30,365 — 52,096 Doubtful — — — — — — — — Total 522,822 590,343 1,231,447 487,797 312,358 777,287 256,778 4,178,832 Year-to-date gross charge-offs — — — — — 172 — 172 Multifamily and Commercial Mortgage Pass 36,058 700,163 994,004 595,299 510,341 811,184 — 3,647,049 Special Mention — 29,325 46,194 17,478 9,011 10,277 — 112,285 Substandard — 13,489 12,509 15,507 41,013 20,079 — 102,597 Doubtful — — — — — — — — Total 36,058 742,977 1,052,707 628,284 560,365 841,540 — 3,861,931 Year-to-date gross charge-offs — — — — 640 — — 640 Commercial Real Estate Pass 1,952,001 1,419,399 1,456,643 221,061 7,741 53,000 866,686 5,976,531 Special Mention — — 27,452 — — — — 27,452 Substandard — 5,600 43,700 5,000 — 30,339 — 84,639 Doubtful — — — — — — — — Total 1,952,001 1,424,999 1,527,795 226,061 7,741 83,339 866,686 6,088,622 Year-to-date gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 991,497 458,454 238,397 44,923 10,422 12,867 3,295,425 5,051,985 Special Mention — 1,613 731 1,818 — — 5,349 9,511 Substandard — 34,433 122,729 1,031 — 2,988 19,089 180,270 Doubtful — — — — — — — — Total 991,497 494,500 361,857 47,772 10,422 15,855 3,319,863 5,241,766 Year-to-date gross charge-offs — — — — — 84 — 84 Auto & Consumer Pass 65,766 114,615 177,043 43,287 13,402 14,056 — 428,169 Special Mention 33 213 422 176 — 61 — 905 Substandard 142 547 1,264 410 114 109 — 2,586 Doubtful — — — — — — — — Total 65,941 115,375 178,729 43,873 13,516 14,226 — 431,660 Year-to-date gross charge-offs 202 3,471 5,212 1,556 303 269 — 11,013 Total Pass 3,537,144 3,282,691 4,066,317 1,391,702 832,953 1,611,156 4,418,889 19,140,852 Special Mention 31,033 31,151 99,288 20,137 15,602 37,211 5,349 239,771 Substandard 142 54,352 186,930 21,948 55,847 83,880 19,089 422,188 Doubtful — — — — — — — — Total $ 3,568,319 $ 3,368,194 $ 4,352,535 $ 1,433,787 $ 904,402 $ 1,732,247 $ 4,443,327 $ 19,802,811 As a % of total gross loans 18.0% 17.0% 22.0% 7.2% 4.6% 8.8% 22.4% 100.0% Total year-to-date gross charge-offs $ 202 $ 3,471 $ 5,212 $ 1,556 $ 943 $ 525 $ — $ 11,909 The following tables provide the aging of loans by portfolio segment: September 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,059,299 $ 20,107 $ 13,715 $ 58,462 $ 4,151,583 Multifamily and Commercial Mortgage 3,572,637 29,631 9,648 35,553 3,647,469 Commercial Real Estate 6,179,503 7,610 5,000 64,152 6,256,265 Commercial & Industrial - Non-RE 5,348,357 6,395 — — 5,354,752 Auto & Consumer 408,728 4,992 1,043 1,002 415,765 Total $ 19,568,524 $ 68,735 $ 29,406 $ 159,169 $ 19,825,834 As a % of total gross loans 98.70 % 0.35 % 0.15 % 0.80 % 100 % June 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,070,186 $ 46,387 $ 18,401 $ 43,858 $ 4,178,832 Multifamily and Commercial Mortgage 3,795,387 13,074 8,554 44,916 3,861,931 Commercial Real Estate 6,024,470 — 25,950 38,202 6,088,622 Commercial & Industrial - Non-RE 5,240,734 — — 1,032 5,241,766 Auto & Consumer 424,555 4,644 996 1,465 431,660 Total $ 19,555,332 $ 64,105 $ 53,901 $ 129,473 $ 19,802,811 As a % of total gross loans 98.75 % 0.33 % 0.27 % 0.65 % 100 % Loans reaching 90 or more days past due are generally placed on nonaccrual. As of September 30, 2024 and June 30, 2024, there were loans of $34.1 million and $20.2 million, respectively, over 90 days past due and still accruing interest as the Company expects to collect the principal and interest amounts due. Single family mortgage loans in process of foreclosure were $23.0 million and $20.1 million as of September 30, 2024 and June 30, 2024, respectively. Loan Modifications to Borrowers Experiencing Financial Difficulty. The Company may grant certain modifications of loans to borrowers experiencing financial difficulty, which effective following the adoption of ASU 2022-02, are reported as financial difficulty modifications (“FDMs”). The Company’s modification programs provide various modifications to borrowers experiencing financial difficulty which may include interest rate reductions, term extensions, payment delays and/or principal forgiveness. For the three months ended September 30, 2024 and 2023, there were no FDMs.

DERIVATIVES

DERIVATIVES	3 Months Ended
DERIVATIVES	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES For additional information on the Company’s derivative instruments, see Note 1 — “Organizations and Summary of Significant Accounting Policies”, Note 3 — “Fair Value” and Note 6 — “Derivatives” in the 2024 Form 10-K and Note 2 — “Fair Value”. The following table presents the notional amounts and fair values of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. As of June 30, 2024, there were no derivatives designated in hedge accounting relationships. September 30, 2024 June 30, 2024 Fair Value Fair Value (Dollars in thousands) Notional Amount Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedging instruments Interest rate contracts $ 400,000 $ 401 $ — $ — $ — $ — Derivatives not designated as hedging instruments Interest rate contracts 2,516,173 65,771 63,225 $ 2,435,874 106,796 102,949 Total derivatives $ 2,916,173 $ 66,172 $ 63,225 $ 2,435,874 $ 106,796 $ 102,949 Derivatives designated as hedging instruments The following table presents pre-tax gains/(losses) on derivative instruments used in cash flow hedge accounting relationships. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Amounts recorded in OCI $ 553 $ — Amounts reclassified from AOCI to income — — Total change in OCI for period $ 553 $ — The Company did not experience any forecasted transactions that failed to occur during the three months ended September 30, 2024 or 2023. There are no amounts excluded from the assessment of hedge effectiveness. At September 30, 2024, the Company expects that approximately $2.1 million of pre-tax net gain related to cash flow hedges recorded in accumulated other comprehensive income (“AOCI”) will be recognized in income over the next 12 months. The maximum length of time over which forecasted transactions are hedged is approximately three years. Derivatives not designated as hedging instruments The following table presents the pre-tax gains/(losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income: For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Banking and service fees $ (1,372) $ 340 Mortgage banking and servicing rights income (251) 277

OFFSETTING OF DERIVATIVES AND S

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS	3 Months Ended
	Sep. 30, 2024
Offsetting [Abstract]
OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS	OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS The Company enters into derivatives transactions as part of its mortgage banking activities, makes markets in interest rate swap and cap derivatives to facilitate customer demand, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. For additional information on offsetting see Note 7 — “Offsetting of Derivatives and Securities Financing Agreements” in the 2024 Form 10-K. The following tables present information about the offsetting of these instruments and related collateral amounts: September 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 84,326 $ — $ 84,326 $ 84,326 $ — Other Assets — Derivative Assets 66,172 — 66,172 6,317 59,855 Liabilities: Securities loaned $ 95,883 $ — $ 95,883 $ 95,883 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 63,225 — 63,225 1,757 61,468 June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — Other Assets — Derivative Assets 106,796 — 106,796 18,524 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 102,535 1 Amounts not offset reflect cash collateral received on Derivative Assets of $5.2 million and $18.1 million as of September 30, 2024 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.6 million as of September 30, 2024. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024. The securities loaned transactions represent equities with an overnight and open maturity classification as of both periods presented.

STOCKHOLDERS_ EQUITY AND STOCK-

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	3 Months Ended
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	Sep. 30, 2024
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 2014 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 provides for an award of restricted stock units. For additional information regarding the Company’s stock-based compensation plans, see Note 16 — “Stock-Based Compensation” in the 2024 Form 10-K. At September 30, 2024, 1,279,635 shares of common stock were authorized for future awards under the 2014 Plan. As of September 30, 2024, the total compensation cost not yet recognized related to non-vested awards was $61.3 million, which is expected to be recognized over a weighted-average period of 1.6 years. The following table presents the status and changes in RSUs: RSUs Weighted-Average Non-vested balance at June 30, 2024 1,541,194 $ 43.95 Granted 640,058 63.15 Vested (340,701) 42.50 Forfeited (20,981) 44.74 Non-vested balance at September 30, 2024 1,819,570 $ 50.97 The total fair value of shares vested was $22.5 million and $14.8 million for the three months ended September 30, 2024 and September 30, 2023, respectively. Common Stock Repurchases . The following table presents common stock repurchases: For the Three Months Ended September 30, (Dollars in thousands except per share data) 2024 2023 Total repurchase $ — $ 24,535 Number of shares repurchased — 648,208 Average price paid per share $ — $ 37.85 As of September 30, 2024, there was $106.5 million of share repurchase authorization remaining. The share repurchase program will continue in effect until terminated by the Board of Directors of the Company. For additional information regarding the Company’s share repurchase program, see Note 15 — “Stockholders' Equity” in the 2024 Form 10-K. Accumulated Other Comprehensive Income Accumulated other comprehensive income includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities. For the Three Months Ended September 30, 2024 (Dollars in thousands) Unrealized gain (loss) on available-for-sale securities Cash flow hedges Accumulated other comprehensive income Balance at June 30, 2024 $ (2,466) $ — $ (2,466) Other comprehensive income/(loss) 1,319 382 1,701 Balance at September 30, 2024 $ (1,147) $ 382 $ (765) For the Three Months Ended September 30, 2023 (Dollars in thousands) Unrealized gain (loss) on available-for-sale securities Cash flow hedges Accumulated other comprehensive income Balance at June 30, 2023 $ (6,610) $ — $ (6,610) Other comprehensive income/(loss) 222 — 222 Balance at September 30, 2023 $ (6,388) $ — $ (6,388) The following table presents the pre-tax and after-tax changes in the components of other comprehensive income. For the Three Months Ended For the Three Months Ended (Dollars in thousands) Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Unrealized gain/(loss) on investment securities: Net unrealized gains/(losses) arising during the period $ 1,884 $ (565) $ 1,319 $ 334 $ (112) $ 222 Reclassification adjustment for realized (gains)/losses included in net income — — — — — — Net change $ 1,884 $ (565) $ 1,319 $ 334 $ (112) $ 222 Cash flow hedges: Net unrealized gains/(losses) arising during the period $ 553 $ (171) $ 382 $ — $ — $ — Reclassification adjustment for realized (gains)/losses included in net income — — — — — — Net change 553 (171) 382 — — — Total other comprehensive income $ 2,437 $ (736) $ 1,701 $ 334 $ (112) $ 222

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
EARNINGS PER COMMON SHARE	Sep. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted earnings per common share (“EPS”): Three Months Ended September 30, (Dollars in thousands, except per share data) 2024 2023 Earnings Per Common Share Net income $ 112,340 $ 82,645 Average common shares issued and outstanding 56,934,671 58,949,038 Earnings per common share $ 1.97 $ 1.40 Diluted Earnings Per Common Share Net income $ 112,340 $ 82,645 Average common shares issued and outstanding 56,934,671 58,949,038 Dilutive effect of average unvested RSUs 1,233,797 859,284 Average dilutive common shares outstanding 58,168,468 59,808,322 Diluted earnings per common share $ 1.93 $ 1.38 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) — 5,348 For further information regarding the Company’s EPS calculation, see Note 17 —“Earnings per Common Share” in the 2024 Form 10-K.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES 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 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. The following table presents a summary of off-balance sheet commitments. (dollars in thousands) September 30, 2024 Commitments to fund loans $ 4,155,531 Commitments to sell loans $ 37,729 Commitments to contribute capital $ 4,514 Standby letters of credit $ 16,472 In addition, the Company has $38.1 million of commitments to contribute capital to LIHTC investments included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets. See Note 12— “Other Assets” for additional information on LIHTC investments. 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. Since many of the commitments may expire without being drawn upon, 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. For single family loans classified as held for sale, the Company matches unfunded commitments to originate loans with commitments to sell loans. The Company also has standby letters of credit commitments. In the normal course of business, Axos Clearing LLC’s (“Axos Clearing”) 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. A consolidated derivative action, In re BofI Holding, Inc., Case No. 15cv2722 GPC (KSC), is pending before the United States District Court for the Southern District of California (the “Derivative Action”). The complaint in the Derivative Action sets forth allegations made in a related employment action, Erhart v. BofI Holding Inc., No. 15cv2287 BAS (NLS) (S.D. Cal.) (the “Employment Action”) brought by a former employee of the Company and was stayed pending resolution of the Employment Action. On October 4, 2023, the court hearing the Employment Action entered a final amended judgment awarding damages and attorneys’ fees to the plaintiff. The defendant filed a Notice of Appeal from the Employment Action judgment and all orders merged therein, and the parties have filed opening and responsive briefs. On January 2, 2024, the Derivative Action plaintiff filed a Third Amended Complaint. On March 5, 2024, the court stayed the case until resolution of the appeal in the Employment Action. The Derivative Action defendants dispute, and intend to vigorously defend against, the allegations raised in the Third Amended Complaint. The Derivative Action plaintiff seeks damages on behalf of the Company with respect to the Employment Action and also seeks damages on behalf of the Company in connection with a now settled securities class action that was also based upon allegations made in the Employment Action and settled within available insurance coverage without attribution of wrongdoing to the Company, its management, or its directors. In view of the inherent difficulty of predicting the final outcome of the Employment Action it is not possible to reasonably predict or estimate the eventual loss or range of loss, if any, related thereto. 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 MUFG Union Bank, N.A. Judgment on such verdict was initially entered on June 5, 2023, and a corrected judgment was entered on June 20, 2023. The Company filed a Notice of Appeal to the Supreme Court of the State of New York Appellate Division (the “Appellate Division”) on July 6, 2023, and the plaintiff filed a Notice of Cross-Appeal on July 20, 2023. The Appellate Division held oral arguments on the appeal and cross-appeal on March 5, 2024. On March 26, 2024, the Appellate Division entered an order vacating the finding of liability and award of $2.5 million in damages for plaintiff’s breach of contract claim as well as the associated prejudgment interest. In addition, the Appellate Division rejected plaintiff’s cross appeal. On July 18, 2024, the Appellate Division denied defendants’ motion for leave to appeal and plaintiff’s cross-motion for re-argument or leave to appeal the March 26, 2024 order. On August 19, 2024, the Company and the plaintiff each filed a motion for leave to appeal with the New York Court of Appeals. Oppositions to each motion were filed on September 3, 2024. The Company recorded a $16 million accrued expense in “Accounts payable and other liabilities” on the Consolidated Balance Sheets and in “General and administrative expense” on the Consolidated Statement of Income as of and for the fiscal year ended June 30, 2023, respectively. Given the uncertainty of the appellate process and other factors that are unknown or currently unquantifiable, the Company maintained its accrual at September 30, 2024.

SEGMENT REPORTING AND REVENUE I

SEGMENT REPORTING AND REVENUE INFORMATION	3 Months Ended
SEGMENT REPORTING AND REVENUE INFORMATION	Sep. 30, 2024
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. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations. Certain corporate administration costs have not been allocated to the reportable segments. The Company operates through two operating segments: Banking Business Segment and Securities Business Segment. 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. For more information on the Company’s operating segments, see Note 22 — “Segment Reporting” in the 2024 Form 10-K. In order to reconcile the two segments to the consolidated totals, the Company includes corporate activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended September 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 288,492 $ 7,267 $ (3,711) $ 292,048 Provision for credit losses 14,000 — — 14,000 Non-interest income 8,590 29,902 (9,883) 28,609 Non-interest expense 118,315 28,091 1,059 147,465 Income before taxes $ 164,767 $ 9,078 $ (14,653) $ 159,192 For the Three Months Ended September 30, 2023 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 209,219 $ 5,542 $ (3,606) $ 211,155 Provision for credit losses 7,000 — — 7,000 Non-interest income 12,557 34,555 (12,605) 34,507 Non-interest expense 100,786 27,523 (7,803) 120,506 Income before taxes $ 113,990 $ 12,574 $ (8,408) $ 118,156 As of September 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,868,054 $ 674,523 $ 26,507 $ 23,569,084 As of June 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,165,627 $ 649,254 $ 40,453 $ 22,855,334 Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Advisory fee income $ 7,945 $ 8,219 Broker-dealer clearing fees 5,072 5,535 Deposit service fees 773 680 Card fees 923 682 Bankruptcy trustee and fiduciary service fees 1,289 1,394 Non-interest income (in-scope of ASC 606) 16,002 16,510 Non-interest income (out-of-scope of ASC 606) 12,607 17,997 Total non-interest income $ 28,609 $ 34,507

BORROWINGS, SUBORDINATED NOTES

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	3 Months Ended
BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	Sep. 30, 2024
Debt Disclosure [Abstract]
BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	BORROWINGS, SUBORDINATED NOTES AND DEBENTURES Subordinated Notes. On July 15, 2024, the Company paid $2.6 million to repurchase $3.0 million par value of its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 1, 2032 resulting in a pre-tax non-cash gain on extinguishment of $0.4 million, after accounting for unamortized issuance costs and accrued interest. On September 27, 2024, the Company paid $9.2 million to repurchase $9.5 million par value of its 4.875% Fixed-to-Floating Rate Subordinated Notes due October 1, 2030 resulting in a pre-tax non-cash gain on extinguishment of $0.2 million, after accounting for unamortized issuance costs and accrued interest. The non-cash gain is recorded in “General and administrative expense” in the Condensed Consolidated Statements of Income for the three months ended September 30, 2024. For additional information on borrowings, see Note 13— “Borrowings, Subordinated Notes and Debentures” in the 2024 Form 10-K.

OTHER ASSETS

OTHER ASSETS	3 Months Ended
OTHER ASSETS	Sep. 30, 2024
Other Assets [Abstract]
OTHER ASSETS	OTHER ASSETS Other Assets in the Consolidated Balance Sheets primarily comprises bank-owned life insurance, accrued interest receivable, derivatives, net deferred income tax assets, furniture, equipment and software, right-of-use lease assets, LIHTC investments and other receivables. For additional information on other assets, see Note 9— “Other Assets” in the 2024 Form 10-K. For additional information on accrued interest receivable, see Note 4— “Loans & Allowance for Credit Losses,” for additional information on derivatives, see Note 5— “Derivatives.” LIHTC Investments. The Company recognized the following income and tax benefits for its LIHTC investments. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Tax credits recognized $ 1,420 $ 850 Other tax benefits recognized 312 313 Amortization (1,406) (848) Net benefit (expense) included in income tax expense 326 315 Other income (loss) included in banking and service fees — — Net benefit (expense) included in the Consolidated Statements of Income $ 326 $ 315 The Company recognized the following investments on its balance sheets. (Dollars in thousands) As of September 30, 2024 As of June 30, 2024 LIHTC investments $ 64,467 $ 65,873 LIHTC unfunded commitments 1 $ 38,083 $ 40,617 1 LIHTC unfunded commitments are included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets. For the three months ended September 30, 2024 and 2023, there have been no significant modifications or events that resulted in the change in the nature of the LIHTC investments or any changes in the relationship with the underlying project. For the three months ended September 30, 2024 and 2023, there has been no impairment loss recognized from the forfeiture or ineligibility of income tax credits.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 112,340	$ 82,645

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of Axos Financial, Inc. and its wholly owned subsidiaries (“Axos” or the “Company”). Axos Bank (the “Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities constitute the Banking Business Segment, and Axos Securities, LLC and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios with an aggregate unpaid principal balance of $1.3 billion at a 37% discount to par. For additional information on the “FDIC Loan Purchase,” see Note 2— “Acquisitions” in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (“2024 Form 10-K”) filed with the Securities and Exchange Commission (“SEC”).
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. Certain amounts reported in prior periods have been reclassified to conform with the current presentation. Results for the three months ended September 30, 2024 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 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, 2024 included in the 2024 Form 10-K.
Stock of Regulatory Agencies	Stock of Regulatory Agencies . The Bank is a member of the Federal Home Loan Bank (“FHLB”) system and the Federal Reserve System (the “Federal Reserve”). FHLB members are required to own a certain amount of FHLB stock based on the level of borrowings and other factors while Federal Reserve members are required to own a certain amount of Federal Reserve Bank stock based on the member’s equity capital and surplus. FHLB and Federal Reserve Bank stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Axos Securities, LLC is a member of the Depository Trust & Clearing Corporation (“DTCC”), a financial services company providing clearing and settlement services to the financial markets. Members are required to own a certain amount of DTCC stock based on the clearing levels and other factors. DTCC stock is valued based on information provided by the DTCC, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of carrying value.
Comprehensive Income	Comprehensive Income. Comprehensive income consists of net income and other comprehensive income (“OCI”). OCI includes unrealized gains and losses on available-for-sale securities and gains and losses on derivatives in designated cash flow hedge accounting relationships.
Derivatives	Derivatives . Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to economically hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in “Mortgage banking income” on the Consolidated Statements of Income. The Company makes markets in interest rate swap and cap derivatives to facilitate customer demand. The Company enters into offsetting derivative transactions to offset its interest rate risk associated with this customer transaction activity. The Company acquired as part of the FDIC Loan Purchase certain customer-facing interest rate derivatives and related market-facing derivatives which offset the Company’s interest rate risk. For additional information on these derivatives see Note 2— “Acquisitions” in the 2024 Form 10-K and Note 5— “Derivatives.” Changes in the fair values of these derivatives, and related fees, are included in “Banking and service fees” on the Consolidated Statements of Income. Derivative assets and liabilities are not subject to any counterparty netting and are presented at fair value on a gross basis in “Other assets” and “Accounts payable and other liabilities”, respectively, in the Consolidated Balance Sheets and cash flows related to derivative assets and liabilities are presented in “Net change in assets and liabilities which provide (use) cash - Other Assets” and “Net change in assets and liabilities which provide (use) cash - Accounts payable and other liabilities,” respectively, in the Consolidated Statements of Cash Flows. The Company applies hedge accounting to certain derivative instruments for interest rate risk management purposes. The Company uses such derivative instruments to hedge forecasted variable cash flows from floating-rate deposits. For designated cash flow hedges, changes in the fair value of the derivatives are initially recorded in OCI and subsequently recognized in earnings once the hedged item affects earnings. Derivative gains and losses reclassified to earnings are recognized in interest expense on the condensed Consolidated Statements of Income, consistent with the hedged floating-rate deposits. Hedge accounting relationships, including the associated risk management objective and strategy, are formally documented at inception. Additionally, the effectiveness of hedge accounting relationships is monitored throughout the duration of the hedge period. Hedge accounting treatment is discontinued either when the derivative is terminated, when it is determined that a derivative is not expected to be, or has ceased to be, effective as a hedge or if the Company removes the cash flow hedge designation. If a hedge accounting relationship is terminated and the original hedged transaction remains probable to occur, the amount in accumulated other comprehensive income is recognized in earnings on a straight-line basis over the remaining term of the derivative. If the original hedged transaction no longer remains probable to occur, any amount in accumulated other comprehensive income is immediately recognized in income.
New Accounting Standards	New Accounting Standards Recently Adopted Accounting Standards On July 1, 2024, the Company adopted Accounting Standards Update (“ASU”) 2023-02 which permits an election, if certain conditions are met, to account for tax equity investments using the proportional amortization method, which was previously limited to low-income housing tax credit (“LIHTC”) investments. As the Company’s tax equity investments solely comprise LIHTC investments accounted for under the proportional amortization method, there was no impact on its financial condition or results of operations upon adoption. For additional information on the Company’s LIHTC investments, see Note 12 – “Other Assets.” Accounting Standards Issued But Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07 which requires disclosure of significant business segment expenses and a description of the composition of other segment expenses by business segment. The ASU also requires disclosure of the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-09 which requires further granularity on the disclosure of income taxes, including: • Certain prescribed line items in the income tax rate reconciliation presented both in dollar and percentage terms; • Income taxes paid, income before income taxes and income taxes disaggregated by federal, state and foreign taxes; and • Further disaggregation of income taxes paid by any individual jurisdiction equal to or exceeding five percent of total income taxes paid. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption.
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. In addition to the borrower’s primary source of repayment, in its risk rating process the Company considers all available sources of repayment, including obligor guaranties and liquidations of pledged collateral, where individually or together such sources would fully repay the loan on a timely basis. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following internally-defined risk ratings. Pass. Loans where repayment in full is expected through any of the borrower’s sources of repayment. Special Mention . Loans where any credit risk is not considered significant yet require management’s attention given certain currently identified characteristics of the borrower, collateral securing the loan and the obligor’s net worth and paying capacity. If the identified credit risks are not adequately monitored or mitigated, the loan may weaken and the Company’s credit position with respect to the loan may deteriorate in the future. Substandard . Loans where currently identified characteristics of the borrower, collateral securing the loan and the obligor’s net worth and paying capacity, taken together, could jeopardize the repayment of the debt. A loan not fully supported by at least one available source of repayment and involves a distinct possibility that the Company will sustain some loss in that loan if the weakness is not cured. A loan supported by a guaranty, collateral sufficient to incentivize a sale or refinance, or cash flow that is sufficient for timely repayment in full will not be classified as substandard even if the loan has a well-defined weakness in other sources of repayment. Doubtful . Loans reflecting the same characteristics as those classified as substandard, but for which repayment in full in accordance with the contractual terms is currently considered highly unlikely. 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.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at September 30, 2024 and June 30, 2024. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement: September 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 594 $ — $ 594 Available-for-sale securities: Agency MBS 43,120 — 43,120 Non-Agency MBS — 91,309 91,309 Municipal 3,567 — 3,567 Total—Available-for-sale securities: $ 46,687 $ 91,309 $ 137,996 Loans held for sale $ 14,566 $ — $ 14,566 Servicing rights $ — $ 27,335 $ 27,335 Other assets—Derivative instruments $ 66,172 $ — $ 66,172 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 63,225 $ — $ 63,225 June 30, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 353 $ — $ 353 Available-for-sale securities: Agency MBS 27,259 — 27,259 Non-Agency MBS — 110,928 110,928 Municipal 3,424 — 3,424 Total—Available-for-sale securities: $ 30,683 $ 110,928 $ 141,611 Loans held for sale $ 16,482 $ — $ 16,482 Servicing rights $ — $ 28,924 $ 28,924 Other assets—Derivative instruments $ 106,796 $ — $ 106,796 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,949 $ — $ 102,949
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	The following tables present 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: For the Three Months Ended September 30, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 110,928 $ 28,924 $ 139,852 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (1,852) (1,852) Included in other comprehensive income 782 — 782 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 263 263 Settlements (20,401) — (20,401) Closing balance $ 91,309 $ 27,335 $ 118,644 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,852) $ (1,852) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights 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 for the three months ended September 30, 2024 and a decrease in servicing rights value resulting from market-driven changes in interest rates of $1.6 million for the three months ended September 30, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months Ended September 30, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 1,858 1,858 Included in other comprehensive income 1,316 — 1,316 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,037 2,037 Settlements (245) — (245) Closing balance $ 206,076 $ 29,338 $ 235,414 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,858 $ 1,858 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights 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 for the three months ended September 30, 2023, and an increase in servicing rights value resulting from market-driven changes in interest rates of $2.1 million for the three months ended September 30, 2023. Additions to servicing rights were related to purchases and servicing rights 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: September 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 91,309 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 69.6% (34.5%) 0.0 to 5.5% (2.6%) 0.0 to 68.9% (32.6%) 2.5 to 4.9% (2.6%) 0.0 to 64.3% (26.1%) Servicing Rights $ 27,335 Discounted Cash Flow Projected Constant Prepayment Rate, 5.2 to 24.2% (10.9%) 2.4 to 11.1 (8.3) 9.5 to 11.2% (9.8%) June 30, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 110,928 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps, Credit Enhancement 0.0 to 72.1% (38.0%) 0.0 to 13.7% (2.8%) 0.0 to 68.9% (32.9%) 2.5 to 4.9% (2.5%) 0.0 to 64.9% (22.8%) Servicing Rights $ 28,924 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) 1 The weighted average for Available-for-sale securities: Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced.
Schedule of Aggregate Fair Value, Contractual Balance, and Gains of Loans Held For Sale	The aggregate fair value of loans held for sale, carried at fair value, the contractual balance (including accrued interest), and the unrealized gain were: (Dollars in thousands) September 30, 2024 June 30, 2024 Aggregate fair value $ 14,566 $ 16,482 Contractual balance 13,977 15,966 Unrealized gain $ 589 $ 516 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: September 30, (Dollars in thousands) 2024 2023 Interest income $ 288 $ 189 Change in fair value 17 (129) Total $ 305 $ 60
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Period-End	Carrying amounts and estimated fair values of financial instruments at September 30, 2024 and June 30, 2024 were: September 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,803,856 $ 2,803,856 $ — $ — $ 2,803,856 Trading securities 594 — 594 — 594 Available-for-sale securities 137,996 — 46,687 91,309 137,996 Stock of regulatory agencies 34,417 — 34,417 — 34,417 Loans held for sale, at fair value 14,566 — 14,566 — 14,566 Loans held for investment—net 19,280,609 — — 19,563,846 19,563,846 Securities borrowed 84,326 — — 83,501 83,501 Customer, broker-dealer and clearing receivables 262,774 — — 261,163 261,163 Servicing rights 27,335 — — 27,335 27,335 Other assets - derivative instruments 66,172 — 66,172 — 66,172 Financial liabilities: Total deposits 19,973,329 — 19,743,134 — 19,743,134 Advances from the Federal Home Loan Bank 90,000 — 86,700 — 86,700 Borrowings, subordinated notes and debentures 313,519 — 285,114 — 285,114 Securities loaned 95,883 — — 95,398 95,398 Customer, broker-dealer and clearing payables 315,985 — — 315,985 315,985 Accounts payable and other liabilities - derivative instruments 63,225 — 63,225 — 63,225 June 30, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,185,776 $ 2,185,776 $ — $ — $ 2,185,776 Trading securities 353 — 353 — 353 Available-for-sale securities 141,611 — 30,683 110,928 141,611 Stock of regulatory agencies 21,957 — 21,957 — 21,957 Loans held for sale, at fair value 16,482 — 16,482 — 16,482 Loans held for investment—net 19,231,385 — — 19,209,442 19,209,442 Securities borrowed 67,212 — — 71,480 71,480 Customer, broker-dealer and clearing receivables 240,028 — — 249,317 249,317 Servicing rights 28,924 — — 28,924 28,924 Other assets - derivative instruments 106,796 — 106,796 — 106,796 Financial liabilities: Total deposits 19,359,217 — 19,217,281 — 19,217,281 Advances from the Federal Home Loan Bank 90,000 — 84,201 — 84,201 Borrowings, subordinated notes and debentures 325,679 — 302,487 — 302,487 Securities loaned 74,177 — — 74,021 74,021 Customer, broker-dealer and clearing payables 301,127 — — 301,127 301,127 Accounts payable and other liabilities - derivative instruments 102,949 — 102,949 — 102,949

AVAILABLE-FOR-SALE SECURITIES (

AVAILABLE-FOR-SALE SECURITIES (Tables)	3 Months Ended
AVAILABLE-FOR-SALE SECURITIES (Tables)	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities	The amortized cost and fair value of available-for-sale securities were: September 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 44,702 $ 359 $ (1,941) $ 43,120 Non-agency 2 90,258 1,295 (244) 91,309 Total mortgage-backed securities 134,960 1,654 (2,185) 134,429 Municipal 3,822 — (255) 3,567 Total available-for-sale securities $ 138,782 $ 1,654 $ (2,440) $ 137,996 June 30, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 29,835 $ 83 $ (2,659) $ 27,259 Non-agency 2 110,658 838 (568) 110,928 Total mortgage-backed securities 140,493 921 (3,227) 138,187 Municipal 3,788 — (364) 3,424 Total available-for-sale securities $ 144,281 $ 921 $ (3,591) $ 141,611 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 prime, Alt-A or pay-option ARM mortgages. The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity: As of September 30, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 44,702 $ 10,367 $ 25,954 $ 6,323 $ 2,058 Non-Agency $ 90,258 $ 86,452 $ 1,817 $ 1,389 $ 600 Total MBS $ 134,960 $ 96,819 $ 27,771 $ 7,712 $ 2,658 Municipal $ 3,822 $ — $ — $ — $ 3,822 Available-for-sale—Amortized cost $ 138,782 $ 96,819 $ 27,771 $ 7,712 $ 6,480 Available-for-sale—Fair value $ 137,996 $ 96,543 $ 27,421 $ 7,735 $ 6,297
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: September 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 15,991 $ (8) $ 18,741 $ (1,933) $ 34,732 $ (1,941) Non-agency — — 58,565 (244) 58,565 (244) Total MBS 15,991 (8) 77,306 (2,177) 93,297 (2,185) Municipal — — 3,567 (255) 3,567 (255) Total available-for-sale securities $ 15,991 $ (8) $ 80,873 $ (2,432) $ 96,864 $ (2,440) June 30, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,644 $ (31) $ 19,298 $ (2,628) $ 21,942 $ (2,659) Non-agency 15 — 78,364 (568) 78,379 (568) Total MBS 2,659 (31) 97,662 (3,196) 100,321 (3,227) Municipal — — 3,424 (364) 3,424 (364) Total available-for-sale securities $ 2,659 $ (31) $ 101,086 $ (3,560) $ 103,745 $ (3,591)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The following table sets forth the composition of the loan portfolio: (Dollars in thousands) September 30, 2024 June 30, 2024 Single Family - Mortgage & Warehouse $ 4,151,583 $ 4,178,832 Multifamily and Commercial Mortgage 1 3,647,469 3,861,931 Commercial Real Estate 1 6,256,265 6,088,622 Commercial & Industrial - Non-RE 5,354,752 5,241,766 Auto & Consumer 415,765 431,660 Total gross loans 19,825,834 19,802,811 Allowance for credit losses - loans (263,854) (260,542) Unaccreted premiums (discounts) and loan fees (281,371) (310,884) Total net loans $ 19,280,609 $ 19,231,385 1 Includes purchased credit deteriorated (“PCD”) loans of $282.6 million and $284.0 million in Multifamily and Commercial Mortgage and $44.5 million and $44.5 million in Commercial Real Estate as of September 30, 2024 and June 30, 2024, respectively. For further detail on PCD loans, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.
Schedule of Real Estate Loans, Loan-to-Value Ratio	The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of September 30, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 47.9 % 55.8 % 52.1 % 40.1 % Median LTV 52.0 % 54.0 % 50.0 % 43.5 %
Schedule of Allowance for Credit Losses on Financing Receivables	The following table presents the components of the provision for credit losses: September 30, (Dollars in thousands) 2024 2023 Provision for credit losses - loans $ 11,500 $ 5,750 Provision for credit losses - unfunded lending commitments 2,500 1,250 Total provision for credit losses $ 14,000 $ 7,000 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: For the Three Months Ended September 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2024 $ 16,943 $ 70,771 $ 87,780 $ 76,032 $ 9,016 $ 260,542 Provision (benefit) for credit losses - loans 464 (1,806) 7,252 3,555 2,035 11,500 Charge-offs — (3,357) — (3,032) (2,849) (9,238) Recoveries 46 — — — 1,004 1,050 Balance at September 30, 2024 $ 17,453 $ 65,608 $ 95,032 $ 76,555 $ 9,206 $ 263,854 For the Three Months Ended September 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,227 $ 166,680 Provision (benefit) for credit losses - loans (10) (974) (1,400) 8,245 (111) 5,750 Charge-offs (80) — — — (2,281) (2,361) Recoveries 13 — — — 788 801 Balance at September 30, 2023 $ 17,426 $ 15,874 $ 71,355 $ 54,592 $ 11,623 $ 170,870 The following tables present a summary of the activity in the allowance for credit losses for off-balance sheet lending commitments: Three Months Ended September 30, (Dollars in thousands) 2024 2023 Balance at July 1, $ 10,223 $ 10,473 Provision for credit losses - unfunded lending commitments 2,500 1,250 Balance at September 30, $ 12,723 $ 11,723
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	September 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,092,504 $ 3,616,032 $ 6,215,663 $ 5,311,156 $ 413,781 $ 19,649,136 Nonaccrual 59,079 31,437 40,602 43,596 1,984 176,698 Total $ 4,151,583 $ 3,647,469 $ 6,256,265 $ 5,354,752 $ 415,765 $ 19,825,834 Nonaccrual loans to total loans 0.89 % June 30, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Total Performing $ 4,133,121 $ 3,826,877 $ 6,062,520 $ 5,237,746 $ 429,188 $ 19,689,452 Nonaccrual 45,711 35,054 26,102 4,020 2,472 113,359 Total $ 4,178,832 $ 3,861,931 $ 6,088,622 $ 5,241,766 $ 431,660 $ 19,802,811 Nonaccrual loans to total loans 0.57 %
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of year-to-date gross charge-offs. September 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2025 2024 2023 2022 2021 Prior Single Family-Mortgage & Warehouse Pass $ 123,052 $ 434,335 $ 550,071 $ 1,171,584 $ 476,230 $ 912,453 $ 345,288 $ 4,013,013 Special Mention — 31,000 — 7,374 5,394 34,621 — 78,389 Substandard — — 1,085 9,668 — 49,428 — 60,181 Doubtful — — — — — — — — Total 123,052 465,335 551,156 1,188,626 481,624 996,502 345,288 4,151,583 Year-to-date gross charge-offs — — — — — — — — Multifamily and Commercial Mortgage Pass 6,410 30,848 652,262 1,023,889 493,090 1,221,788 — 3,428,287 Special Mention — — 23,774 41,030 8,975 52,624 — 126,403 Substandard — — 9,166 7,435 29,396 46,782 — 92,779 Doubtful — — — — — — — — Total 6,410 30,848 685,202 1,072,354 531,461 1,321,194 — 3,647,469 Year-to-date gross charge-offs — — — — — 3,357 — 3,357 Commercial Real Estate Pass 725,167 1,939,760 1,144,414 1,234,466 143,009 45,487 871,853 6,104,156 Special Mention — 63,389 — — — — — 63,389 Substandard — — 14,608 43,700 11,650 14,852 3,910 88,720 Doubtful — — — — — — — — Total 725,167 2,003,149 1,159,022 1,278,166 154,659 60,339 875,763 6,256,265 Year-to-date gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 201,920 923,047 465,232 151,653 42,580 31,291 3,299,654 5,115,377 Special Mention — 13,500 386 678 3,893 — 4,284 22,741 Substandard — 243 32,942 128,295 — 2,989 42,165 206,634 Doubtful — — — 10,000 — — — 10,000 Total 201,920 936,790 498,560 290,626 46,473 34,280 3,346,103 5,354,752 Year-to-date gross charge-offs — — — — 1,032 — 2,000 3,032 Auto & Consumer Pass 28,400 62,125 103,149 158,952 38,274 21,978 — 412,878 Special Mention — 34 275 390 69 26 — 794 Substandard — 9 567 1,108 234 175 — 2,093 Doubtful — — — — — — — — Total 28,400 62,168 103,991 160,450 38,577 22,179 — 415,765 Year-to-date gross charge-offs — 197 626 1,354 494 178 — 2,849 Total Pass 1,084,949 3,390,115 2,915,128 3,740,544 1,193,183 2,232,997 4,516,795 19,073,711 Special Mention — 107,923 24,435 49,472 18,331 87,271 4,284 291,716 Substandard — 252 58,368 190,206 41,280 114,226 46,075 450,407 Doubtful — — — 10,000 — — — 10,000 Total $ 1,084,949 $ 3,498,290 $ 2,997,931 $ 3,990,222 $ 1,252,794 $ 2,434,494 $ 4,567,154 $ 19,825,834 As a % of total gross loans 5.5% 17.6% 15.1% 20.1% 6.3% 12.3% 23.1% 100.0% Total year-to-date gross charge-offs $ — $ 197 $ 626 $ 1,354 $ 1,526 $ 3,535 $ 2,000 $ 9,238 June 30, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 491,822 $ 590,060 $ 1,200,230 $ 487,132 $ 291,047 $ 720,049 $ 256,778 $ 4,037,118 Special Mention 31,000 — 24,489 665 6,591 26,873 — 89,618 Substandard — 283 6,728 — 14,720 30,365 — 52,096 Doubtful — — — — — — — — Total 522,822 590,343 1,231,447 487,797 312,358 777,287 256,778 4,178,832 Year-to-date gross charge-offs — — — — — 172 — 172 Multifamily and Commercial Mortgage Pass 36,058 700,163 994,004 595,299 510,341 811,184 — 3,647,049 Special Mention — 29,325 46,194 17,478 9,011 10,277 — 112,285 Substandard — 13,489 12,509 15,507 41,013 20,079 — 102,597 Doubtful — — — — — — — — Total 36,058 742,977 1,052,707 628,284 560,365 841,540 — 3,861,931 Year-to-date gross charge-offs — — — — 640 — — 640 Commercial Real Estate Pass 1,952,001 1,419,399 1,456,643 221,061 7,741 53,000 866,686 5,976,531 Special Mention — — 27,452 — — — — 27,452 Substandard — 5,600 43,700 5,000 — 30,339 — 84,639 Doubtful — — — — — — — — Total 1,952,001 1,424,999 1,527,795 226,061 7,741 83,339 866,686 6,088,622 Year-to-date gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 991,497 458,454 238,397 44,923 10,422 12,867 3,295,425 5,051,985 Special Mention — 1,613 731 1,818 — — 5,349 9,511 Substandard — 34,433 122,729 1,031 — 2,988 19,089 180,270 Doubtful — — — — — — — — Total 991,497 494,500 361,857 47,772 10,422 15,855 3,319,863 5,241,766 Year-to-date gross charge-offs — — — — — 84 — 84 Auto & Consumer Pass 65,766 114,615 177,043 43,287 13,402 14,056 — 428,169 Special Mention 33 213 422 176 — 61 — 905 Substandard 142 547 1,264 410 114 109 — 2,586 Doubtful — — — — — — — — Total 65,941 115,375 178,729 43,873 13,516 14,226 — 431,660 Year-to-date gross charge-offs 202 3,471 5,212 1,556 303 269 — 11,013 Total Pass 3,537,144 3,282,691 4,066,317 1,391,702 832,953 1,611,156 4,418,889 19,140,852 Special Mention 31,033 31,151 99,288 20,137 15,602 37,211 5,349 239,771 Substandard 142 54,352 186,930 21,948 55,847 83,880 19,089 422,188 Doubtful — — — — — — — — Total $ 3,568,319 $ 3,368,194 $ 4,352,535 $ 1,433,787 $ 904,402 $ 1,732,247 $ 4,443,327 $ 19,802,811 As a % of total gross loans 18.0% 17.0% 22.0% 7.2% 4.6% 8.8% 22.4% 100.0% Total year-to-date gross charge-offs $ 202 $ 3,471 $ 5,212 $ 1,556 $ 943 $ 525 $ — $ 11,909
Schedule of Past Due Loan and Leases	The following tables provide the aging of loans by portfolio segment: September 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,059,299 $ 20,107 $ 13,715 $ 58,462 $ 4,151,583 Multifamily and Commercial Mortgage 3,572,637 29,631 9,648 35,553 3,647,469 Commercial Real Estate 6,179,503 7,610 5,000 64,152 6,256,265 Commercial & Industrial - Non-RE 5,348,357 6,395 — — 5,354,752 Auto & Consumer 408,728 4,992 1,043 1,002 415,765 Total $ 19,568,524 $ 68,735 $ 29,406 $ 159,169 $ 19,825,834 As a % of total gross loans 98.70 % 0.35 % 0.15 % 0.80 % 100 % June 30, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,070,186 $ 46,387 $ 18,401 $ 43,858 $ 4,178,832 Multifamily and Commercial Mortgage 3,795,387 13,074 8,554 44,916 3,861,931 Commercial Real Estate 6,024,470 — 25,950 38,202 6,088,622 Commercial & Industrial - Non-RE 5,240,734 — — 1,032 5,241,766 Auto & Consumer 424,555 4,644 996 1,465 431,660 Total $ 19,555,332 $ 64,105 $ 53,901 $ 129,473 $ 19,802,811 As a % of total gross loans 98.75 % 0.33 % 0.27 % 0.65 % 100 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
DERIVATIVES (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the notional amounts and fair values of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. As of June 30, 2024, there were no derivatives designated in hedge accounting relationships. September 30, 2024 June 30, 2024 Fair Value Fair Value (Dollars in thousands) Notional Amount Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedging instruments Interest rate contracts $ 400,000 $ 401 $ — $ — $ — $ — Derivatives not designated as hedging instruments Interest rate contracts 2,516,173 65,771 63,225 $ 2,435,874 106,796 102,949 Total derivatives $ 2,916,173 $ 66,172 $ 63,225 $ 2,435,874 $ 106,796 $ 102,949
Schedule of Derivative Instruments, Gain (Loss)	The following table presents pre-tax gains/(losses) on derivative instruments used in cash flow hedge accounting relationships. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Amounts recorded in OCI $ 553 $ — Amounts reclassified from AOCI to income — — Total change in OCI for period $ 553 $ — The following table presents the pre-tax gains/(losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income: For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Banking and service fees $ (1,372) $ 340 Mortgage banking and servicing rights income (251) 277

OFFSETTING OF DERIVATIVES AND_2

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS (Tables)	3 Months Ended
	Sep. 30, 2024
Offsetting [Abstract]
Schedule of Securities Financing Transactions - Assets	The following tables present information about the offsetting of these instruments and related collateral amounts: September 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 84,326 $ — $ 84,326 $ 84,326 $ — Other Assets — Derivative Assets 66,172 — 66,172 6,317 59,855 Liabilities: Securities loaned $ 95,883 $ — $ 95,883 $ 95,883 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 63,225 — 63,225 1,757 61,468 June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — Other Assets — Derivative Assets 106,796 — 106,796 18,524 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 102,535 1 Amounts not offset reflect cash collateral received on Derivative Assets of $5.2 million and $18.1 million as of September 30, 2024 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.6 million as of September 30, 2024. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024.
Schedule of Securities Financing Transactions - Liabilities	The following tables present information about the offsetting of these instruments and related collateral amounts: September 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 84,326 $ — $ 84,326 $ 84,326 $ — Other Assets — Derivative Assets 66,172 — 66,172 6,317 59,855 Liabilities: Securities loaned $ 95,883 $ — $ 95,883 $ 95,883 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 63,225 — 63,225 1,757 61,468 June 30, 2024 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Amounts Not Offset 1 Net Assets / Liabilities Assets: Securities borrowed $ 67,212 $ — $ 67,212 $ 67,212 $ — Other Assets — Derivative Assets 106,796 — 106,796 18,524 88,272 Liabilities: Securities loaned $ 74,177 $ — $ 74,177 $ 74,177 $ — Accounts Payable and Other Liabilities — Derivative Liabilities 102,949 — 102,949 414 102,535 1 Amounts not offset reflect cash collateral received on Derivative Assets of $5.2 million and $18.1 million as of September 30, 2024 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.6 million as of September 30, 2024. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024.

STOCKHOLDERS_ EQUITY AND STOC_2

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Status and Changes in Restricted Stock Grants	The following table presents the status and changes in RSUs: RSUs Weighted-Average Non-vested balance at June 30, 2024 1,541,194 $ 43.95 Granted 640,058 63.15 Vested (340,701) 42.50 Forfeited (20,981) 44.74 Non-vested balance at September 30, 2024 1,819,570 $ 50.97
Schedule of Class of Treasury Stock	The following table presents common stock repurchases: For the Three Months Ended September 30, (Dollars in thousands except per share data) 2024 2023 Total repurchase $ — $ 24,535 Number of shares repurchased — 648,208 Average price paid per share $ — $ 37.85
Schedule of Accumulated Other Comprehensive Income	Accumulated other comprehensive income includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities. For the Three Months Ended September 30, 2024 (Dollars in thousands) Unrealized gain (loss) on available-for-sale securities Cash flow hedges Accumulated other comprehensive income Balance at June 30, 2024 $ (2,466) $ — $ (2,466) Other comprehensive income/(loss) 1,319 382 1,701 Balance at September 30, 2024 $ (1,147) $ 382 $ (765) For the Three Months Ended September 30, 2023 (Dollars in thousands) Unrealized gain (loss) on available-for-sale securities Cash flow hedges Accumulated other comprehensive income Balance at June 30, 2023 $ (6,610) $ — $ (6,610) Other comprehensive income/(loss) 222 — 222 Balance at September 30, 2023 $ (6,388) $ — $ (6,388) The following table presents the pre-tax and after-tax changes in the components of other comprehensive income. For the Three Months Ended For the Three Months Ended (Dollars in thousands) Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Unrealized gain/(loss) on investment securities: Net unrealized gains/(losses) arising during the period $ 1,884 $ (565) $ 1,319 $ 334 $ (112) $ 222 Reclassification adjustment for realized (gains)/losses included in net income — — — — — — Net change $ 1,884 $ (565) $ 1,319 $ 334 $ (112) $ 222 Cash flow hedges: Net unrealized gains/(losses) arising during the period $ 553 $ (171) $ 382 $ — $ — $ — Reclassification adjustment for realized (gains)/losses included in net income — — — — — — Net change 553 (171) 382 — — — Total other comprehensive income $ 2,437 $ (736) $ 1,701 $ 334 $ (112) $ 222

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted earnings per common share (“EPS”): Three Months Ended September 30, (Dollars in thousands, except per share data) 2024 2023 Earnings Per Common Share Net income $ 112,340 $ 82,645 Average common shares issued and outstanding 56,934,671 58,949,038 Earnings per common share $ 1.97 $ 1.40 Diluted Earnings Per Common Share Net income $ 112,340 $ 82,645 Average common shares issued and outstanding 56,934,671 58,949,038 Dilutive effect of average unvested RSUs 1,233,797 859,284 Average dilutive common shares outstanding 58,168,468 59,808,322 Diluted earnings per common share $ 1.93 $ 1.38 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) — 5,348

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Off- Balance Sheet Commitments	The following table presents a summary of off-balance sheet commitments. (dollars in thousands) September 30, 2024 Commitments to fund loans $ 4,155,531 Commitments to sell loans $ 37,729 Commitments to contribute capital $ 4,514 Standby letters of credit $ 16,472

SEGMENT REPORTING AND REVENUE_2

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	3 Months Ended
SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	Sep. 30, 2024
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 September 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 288,492 $ 7,267 $ (3,711) $ 292,048 Provision for credit losses 14,000 — — 14,000 Non-interest income 8,590 29,902 (9,883) 28,609 Non-interest expense 118,315 28,091 1,059 147,465 Income before taxes $ 164,767 $ 9,078 $ (14,653) $ 159,192 For the Three Months Ended September 30, 2023 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Net interest income $ 209,219 $ 5,542 $ (3,606) $ 211,155 Provision for credit losses 7,000 — — 7,000 Non-interest income 12,557 34,555 (12,605) 34,507 Non-interest expense 100,786 27,523 (7,803) 120,506 Income before taxes $ 113,990 $ 12,574 $ (8,408) $ 118,156 As of September 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,868,054 $ 674,523 $ 26,507 $ 23,569,084 As of June 30, 2024 (Dollars in thousands) Banking Securities Business Segment Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ 1,999 $ 97,673 Total Assets $ 22,165,627 $ 649,254 $ 40,453 $ 22,855,334
Schedule of Other Nonoperating Income (Expense)	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Advisory fee income $ 7,945 $ 8,219 Broker-dealer clearing fees 5,072 5,535 Deposit service fees 773 680 Card fees 923 682 Bankruptcy trustee and fiduciary service fees 1,289 1,394 Non-interest income (in-scope of ASC 606) 16,002 16,510 Non-interest income (out-of-scope of ASC 606) 12,607 17,997 Total non-interest income $ 28,609 $ 34,507

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	3 Months Ended
OTHER ASSETS (Tables)	Sep. 30, 2024
Other Assets [Abstract]
Schedule of LIHTC investments	The Company recognized the following income and tax benefits for its LIHTC investments. For the Three Months Ended September 30, (Dollars in thousands) 2024 2023 Tax credits recognized $ 1,420 $ 850 Other tax benefits recognized 312 313 Amortization (1,406) (848) Net benefit (expense) included in income tax expense 326 315 Other income (loss) included in banking and service fees — — Net benefit (expense) included in the Consolidated Statements of Income $ 326 $ 315 The Company recognized the following investments on its balance sheets. (Dollars in thousands) As of September 30, 2024 As of June 30, 2024 LIHTC investments $ 64,467 $ 65,873 LIHTC unfunded commitments 1 $ 38,083 $ 40,617 1 LIHTC unfunded commitments are included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands		3 Months Ended
	Dec. 07, 2023 USD ($) loanPortfolio	Sep. 30, 2024 USD ($) entity segment	Jun. 30, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of lending-related trust entities \| entity		2
Number of loan portfolio segments \| segment		5
Unpaid principal balance		$ 19,280,609	$ 19,231,385
Real Estate Loan Portfolios \| Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loan portfolio segments \| loanPortfolio	2
Unpaid principal balance	$ 1,300,000
Unpaid principal balance, discount to par	37%

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
ASSETS:
Trading securities	$ 594	$ 353
Fair Value	137,996	141,611
Loans held for sale	14,566	16,482
Derivative Assets	66,172	106,796
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Agency MBS
ASSETS:
Fair Value	43,120	27,259
Non-Agency MBS
ASSETS:
Fair Value	91,309	110,928
Municipal
ASSETS:
Fair Value	3,567	3,424
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	594	353
Fair Value	46,687	30,683
Loans held for sale	14,566	16,482
Servicing rights	0	0
Derivative Assets	66,172	106,796
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Fair Value	91,309	110,928
Loans held for sale	0	0
Servicing rights	27,335	28,924
Derivative Assets	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring
ASSETS:
Trading securities	594	353
Fair Value	137,996	141,611
Loans held for sale	14,566	16,482
Servicing rights	27,335	28,924
Derivative Assets	66,172	106,796
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Recurring \| Agency MBS
ASSETS:
Fair Value	43,120	27,259
Recurring \| Non-Agency MBS
ASSETS:
Fair Value	91,309	110,928
Recurring \| Municipal
ASSETS:
Fair Value	3,567	3,424
Recurring \| Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	594	353
Fair Value	46,687	30,683
Loans held for sale	14,566	16,482
Servicing rights	0	0
Derivative Assets	66,172	106,796
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Recurring \| Significant Other Observable Inputs (Level 2) \| Agency MBS
ASSETS:
Fair Value	43,120	27,259
Recurring \| Significant Other Observable Inputs (Level 2) \| Non-Agency MBS
ASSETS:
Fair Value	0	0
Recurring \| Significant Other Observable Inputs (Level 2) \| Municipal
ASSETS:
Fair Value	3,567	3,424
Recurring \| Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Fair Value	91,309	110,928
Loans held for sale	0	0
Servicing rights	27,335	28,924
Derivative Assets	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Agency MBS
ASSETS:
Fair Value	0	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Non-Agency MBS
ASSETS:
Fair Value	91,309	110,928
Recurring \| Significant Unobservable Inputs (Level 3) \| Municipal
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
	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings—Mortgage banking income [Extensible Enumeration]	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income
Included in other comprehensive income [Extensible Enumeration]	Other comprehensive income (loss)	Other comprehensive income (loss)
Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 139,852	$ 230,448
Included in earnings—Mortgage banking and servicing rights income	(1,852)	1,858
Included in other comprehensive income	782	1,316
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	263	2,037
Settlements	(20,401)	(245)
Closing balance	118,644	235,414
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(1,852)	1,858
Recurring \| Available-for-sale Securities: Non-Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	110,928	205,005
Included in earnings—Mortgage banking and servicing rights income	0	0
Included in other comprehensive income	782	1,316
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	0
Settlements	(20,401)	(245)
Closing balance	91,309	206,076
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0
Recurring \| Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	28,924	25,443
Included in earnings—Mortgage banking and servicing rights income	(1,852)	1,858
Included in other comprehensive income	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	263	2,037
Settlements	0	0
Closing balance	27,335	29,338
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(1,852)	1,858
Recurring \| Level 3
Purchases, retentions, issues, sales and settlements:
Principal payments and loans that were paid down or paid off	200	200
Market-driven increase (decrease) in interest rates	$ (1,600)	$ 2,100

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Sep. 30, 2024 USD ($) year	Jun. 30, 2024 USD ($) year
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	$ 137,996	$ 141,611
Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	91,309	110,928
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	91,309	110,928
Servicing rights	27,335	28,924
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	137,996	141,611
Servicing rights	27,335	28,924
Recurring \| Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	91,309	110,928
Recurring \| Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	91,309	110,928
Servicing rights	27,335	28,924
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	$ 91,309	$ 110,928
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Prepayment Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Prepayment Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.696	0.721
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Prepayment Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.345	0.380
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Default Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Default Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.055	0.137
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Constant Default Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.026	0.028
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Loss Severity \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Loss Severity \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.689	0.689
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Projected Loss Severity \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.326	0.329
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Discount Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.025	0.025
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Discount Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.049	0.049
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Discount Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.026	0.025
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Credit Enhancement \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Credit Enhancement \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.643	0.649
Recurring \| Level 3 \| Available-for-sale Securities: Non-Agency MBS \| Credit Enhancement \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.261	0.228
Recurring \| Level 3 \| Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing rights	$ 27,335	$ 28,924
Recurring \| Level 3 \| Servicing Rights \| Projected Constant Prepayment Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.052	0.055
Recurring \| Level 3 \| Servicing Rights \| Projected Constant Prepayment Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.242	0.952
Recurring \| Level 3 \| Servicing Rights \| Projected Constant Prepayment Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.109	0.118
Recurring \| Level 3 \| Servicing Rights \| Discount Rate \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.095
Recurring \| Level 3 \| Servicing Rights \| Discount Rate \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.112	0.112
Recurring \| Level 3 \| Servicing Rights \| Discount Rate \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.098	0.098
Recurring \| Level 3 \| Servicing Rights \| Life (in years) \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	2.4	0.4
Recurring \| Level 3 \| Servicing Rights \| Life (in years) \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	11.1	14.9
Recurring \| Level 3 \| Servicing Rights \| Life (in years) \| Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input \| year	8.3	7.9

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 14,566		$ 16,482
Contractual balance	13,977		15,966
Unrealized gain	589		$ 516
Interest income	288	$ 189
Change in fair value	17	(129)
Total	$ 305	$ 60

FAIR VALUE - ESTIMATED FAIR VAL

FAIR VALUE - ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS AT PERIOD-END (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Financial assets:
Trading securities	$ 594	$ 353
Available-for-sale securities	137,996	141,611
Stock of regulatory agencies	34,417	21,957
Loans held for sale, at fair value	14,566	16,482
Securities borrowed	84,326	67,212
Derivative Assets	66,172	106,796
Financial liabilities:
Securities loaned	95,883	74,177
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Carrying Amount
Financial assets:
Cash, cash equivalents and restricted cash	2,803,856	2,185,776
Trading securities	594	353
Available-for-sale securities	137,996	141,611
Stock of regulatory agencies	34,417	21,957
Loans held for sale, at fair value	14,566	16,482
Loans held for investment—net	19,280,609	19,231,385
Securities borrowed	84,326	67,212
Customer, broker-dealer and clearing receivables	262,774	240,028
Servicing rights	27,335	28,924
Derivative Assets	66,172	106,796
Financial liabilities:
Total deposits	19,973,329	19,359,217
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	313,519	325,679
Securities loaned	95,883	74,177
Customer, broker-dealer and clearing payables	315,985	301,127
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Total Fair Value
Financial assets:
Cash, cash equivalents and restricted cash	2,803,856	2,185,776
Trading securities	594	353
Available-for-sale securities	137,996	141,611
Stock of regulatory agencies	34,417	21,957
Loans held for sale, at fair value	14,566	16,482
Loans held for investment—net	19,563,846	19,209,442
Securities borrowed	83,501	71,480
Customer, broker-dealer and clearing receivables	261,163	249,317
Servicing rights	27,335	28,924
Derivative Assets	66,172	106,796
Financial liabilities:
Total deposits	19,743,134	19,217,281
Advances from the Federal Home Loan Bank	86,700	84,201
Borrowings, subordinated notes and debentures	285,114	302,487
Securities loaned	95,398	74,021
Customer, broker-dealer and clearing payables	315,985	301,127
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Level 1
Financial assets:
Cash, cash equivalents and restricted cash	2,803,856	2,185,776
Trading securities	0	0
Available-for-sale securities	0	0
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Derivative Assets	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
Accounts payable and other liabilities—Derivative instruments	0	0
Level 2
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	594	353
Available-for-sale securities	46,687	30,683
Stock of regulatory agencies	34,417	21,957
Loans held for sale, at fair value	14,566	16,482
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Derivative Assets	66,172	106,796
Financial liabilities:
Total deposits	19,743,134	19,217,281
Advances from the Federal Home Loan Bank	86,700	84,201
Borrowings, subordinated notes and debentures	285,114	302,487
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Accounts payable and other liabilities—Derivative instruments	63,225	102,949
Level 3
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	0	0
Available-for-sale securities	91,309	110,928
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for investment—net	19,563,846	19,209,442
Securities borrowed	83,501	71,480
Customer, broker-dealer and clearing receivables	261,163	249,317
Servicing rights	27,335	28,924
Derivative Assets	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	95,398	74,021
Customer, broker-dealer and clearing payables	315,985	301,127
Accounts payable and other liabilities—Derivative instruments	$ 0	$ 0

AVAILABLE-FOR-SALE SECURITIES -

AVAILABLE-FOR-SALE SECURITIES - AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 138,782	$ 144,281
Unrealized Gains	1,654	921
Unrealized Losses	(2,440)	(3,591)
Fair Value	137,996	141,611
Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	44,702	29,835
Unrealized Gains	359	83
Unrealized Losses	(1,941)	(2,659)
Fair Value	43,120	27,259
Non-agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	90,258	110,658
Unrealized Gains	1,295	838
Unrealized Losses	(244)	(568)
Fair Value	91,309	110,928
Total mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	134,960	140,493
Unrealized Gains	1,654	921
Unrealized Losses	(2,185)	(3,227)
Fair Value	134,429	138,187
Municipal
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,822	3,788
Unrealized Gains	0	0
Unrealized Losses	(255)	(364)
Fair Value	$ 3,567	$ 3,424

AVAILABLE-FOR-SALE SECURITIES_2

AVAILABLE-FOR-SALE SECURITIES - NARRATIVE (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, credit losses	$ 0	$ 0
Allowance for credit losses, available-for-sale securities	0		$ 0
Proceeds from sale of available-for-sale securities	0	$ 0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral	$ 800,000		$ 800,000

AVAILABLE-FOR-SALE SECURITIES_3

AVAILABLE-FOR-SALE SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Fair Value
Less Than 12 Months	$ 15,991	$ 2,659
More Than 12 Months	80,873	101,086
Total	96,864	103,745
Gross Unrealized Losses
Less Than 12 Months	(8)	(31)
More Than 12 Months	(2,432)	(3,560)
Total	(2,440)	(3,591)
Agency
Fair Value
Less Than 12 Months	15,991	2,644
More Than 12 Months	18,741	19,298
Total	34,732	21,942
Gross Unrealized Losses
Less Than 12 Months	(8)	(31)
More Than 12 Months	(1,933)	(2,628)
Total	(1,941)	(2,659)
Non-agency
Fair Value
Less Than 12 Months	0	15
More Than 12 Months	58,565	78,364
Total	58,565	78,379
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	(244)	(568)
Total	(244)	(568)
Total MBS
Fair Value
Less Than 12 Months	15,991	2,659
More Than 12 Months	77,306	97,662
Total	93,297	100,321
Gross Unrealized Losses
Less Than 12 Months	(8)	(31)
More Than 12 Months	(2,177)	(3,196)
Total	(2,185)	(3,227)
Municipal
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	3,567	3,424
Total	3,567	3,424
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	(255)	(364)
Total	$ (255)	$ (364)

AVAILABLE-FOR-SALE SECURITIES_4

AVAILABLE-FOR-SALE SECURITIES - INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Available-for-Sale, Fair Value
Amortized Cost	$ 138,782	$ 144,281
Available-for-sale—Amortized cost
Total Amount	138,782
Due Within One Year	96,819
Due after One but within Five Years	27,771
Due after Five but within Ten Years	7,712
Due After Ten Years	6,480
Fair Value
Available-for-Sale, Fair Value
Amortized Cost	137,996
Due Within One Year	96,543
Due after One but within Five Years	27,421
Due after Five but within Ten Years	7,735
Due After Ten Years	6,297
Agency
Available-for-Sale, Fair Value
Amortized Cost	44,702	29,835
Due Within One Year	10,367
Due after One but within Five Years	25,954
Due after Five but within Ten Years	6,323
Due After Ten Years	2,058
Non-agency
Available-for-Sale, Fair Value
Amortized Cost	90,258	110,658
Due Within One Year	86,452
Due after One but within Five Years	1,817
Due after Five but within Ten Years	1,389
Due After Ten Years	600
Total mortgage-backed securities
Available-for-Sale, Fair Value
Amortized Cost	134,960	140,493
Due Within One Year	96,819
Due after One but within Five Years	27,771
Due after Five but within Ten Years	7,712
Due After Ten Years	2,658
Municipal
Available-for-Sale, Fair Value
Amortized Cost	3,822	$ 3,788
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	$ 3,822

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)	3 Months Ended
LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)
Receivables [Abstract]
Number of loan portfolio segments \| segment	5
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other assets		Other assets
Accrued interest receivable on loans held for investments	$ 120,100,000		$ 119,800,000
Advances, collateral pledged	4,680,700,000		4,942,800,000
FRBSF and FRB, loans pledged	$ 8,194,200,000		8,197,200,000
Effective weighted-average LTV	50.90%
Nonaccrual loans	$ 0		0
Interest income recognized on nonaccrual loans	0	$ 0
Loans past due ninety days or more and still accruing	34,100,000		20,200,000
Mortgage loans in process of foreclosure, amount	$ 23,000,000		$ 20,100,000

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOAN PORTFOLIO COMPOSITION (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 07, 2023	Sep. 30, 2023	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 19,825,834	$ 19,802,811
Allowance for credit losses - loans	(263,854)	(260,542)		$ (170,870)	$ (166,680)
Unaccreted premiums (discounts) and loan fees	(281,371)	(310,884)
Total net loans	19,280,609	19,231,385
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,151,583	4,178,832
Allowance for credit losses - loans	(17,453)	(16,943)		(17,426)	(17,503)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,647,469	3,861,931
Allowance for credit losses - loans	(65,608)	(70,771)		(15,874)	(16,848)
Multifamily and Commercial Mortgage \| Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	282,600	284,000
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	6,256,265	6,088,622
Allowance for credit losses - loans	(95,032)	(87,780)		(71,355)	(72,755)
Commercial Real Estate \| Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	44,500	44,500
Total net loans			$ 1,300,000
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	5,354,752	5,241,766
Allowance for credit losses - loans	(76,555)	(76,032)		(54,592)	(46,347)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	415,765	431,660
Allowance for credit losses - loans	$ (9,206)	$ (9,016)		$ (11,623)	$ (13,227)

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - REAL ESTATE LOANS, LTV RATIO (Details)	Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	47.90%
Median LTV	52%
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	55.80%
Median LTV	54%
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	52.10%
Median LTV	50%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	40.10%
Median LTV	43.50%

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - COMPONENTS OF THE PROVISION FOR CREDIT LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ 14,000	$ 7,000
Provision for credit losses - loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	11,500	5,750
Provision for credit losses - unfunded lending commitments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ 2,500	$ 1,250

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS BY PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 260,542	$ 166,680
Provision (benefit) for credit losses - loans	14,000	7,000
Charge-offs	(9,238)	(2,361)
Recoveries	1,050	801
Balance, end of period	263,854	170,870
Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	11,500	5,750
Single Family - Mortgage & Warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	16,943	17,503
Charge-offs	0	(80)
Recoveries	46	13
Balance, end of period	17,453	17,426
Single Family - Mortgage & Warehouse \| Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	464	(10)
Multifamily and Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	70,771	16,848
Charge-offs	(3,357)	0
Recoveries	0	0
Balance, end of period	65,608	15,874
Multifamily and Commercial Mortgage \| Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	(1,806)	(974)
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	87,780	72,755
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	95,032	71,355
Commercial Real Estate \| Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	7,252	(1,400)
Commercial & Industrial - Non-RE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	76,032	46,347
Charge-offs	(3,032)	0
Recoveries	0	0
Balance, end of period	76,555	54,592
Commercial & Industrial - Non-RE \| Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	3,555	8,245
Auto & Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	9,016	13,227
Charge-offs	(2,849)	(2,281)
Recoveries	1,004	788
Balance, end of period	9,206	11,623
Auto & Consumer \| Provision for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	$ 2,035	$ (111)

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 10,223	$ 10,473
Provision for credit losses - unfunded lending commitments	2,500	1,250
Balance, end of period	$ 12,723	$ 11,723

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 19,825,834	$ 19,802,811
Nonaccrual loans to total loans	0.89%	0.57%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 4,151,583	$ 4,178,832
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,647,469	3,861,931
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,256,265	6,088,622
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,354,752	5,241,766
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	415,765	431,660
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	19,649,136	19,689,452
Performing \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,092,504	4,133,121
Performing \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,616,032	3,826,877
Performing \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,215,663	6,062,520
Performing \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,311,156	5,237,746
Performing \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	413,781	429,188
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	176,698	113,359
Nonaccrual \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	59,079	45,711
Nonaccrual \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	31,437	35,054
Nonaccrual \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	40,602	26,102
Nonaccrual \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	43,596	4,020
Nonaccrual \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,984	$ 2,472

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Financing Receivable, Credit Quality Indicator [Line Items]
2025	$ 1,084,949	$ 3,568,319
2024	3,498,290	3,368,194
2023	2,997,931	4,352,535
2022	3,990,222	1,433,787
2021	1,252,794	904,402
Prior	2,434,494	1,732,247
Revolving Loans	4,567,154	4,443,327
Total	19,825,834	19,802,811
Year-to-date gross charge-offs
2025	0	202
2024	197	3,471
2023	626	5,212
2022	1,354	1,556
2021	1,526	943
Prior	3,535	525
Revolving Loans	2,000	0
Total	$ 9,238	$ 11,909
As a % of total gross loans
2025	5.50%	18%
2024	17.60%	17%
2023	15.10%	22%
2022	20.10%	7.20%
2021	6.30%	4.60%
Prior	12.30%	8.80%
Revolving Loans	23.10%	22.40%
Total	100%	100%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2025	$ 123,052	$ 522,822
2024	465,335	590,343
2023	551,156	1,231,447
2022	1,188,626	487,797
2021	481,624	312,358
Prior	996,502	777,287
Revolving Loans	345,288	256,778
Total	4,151,583	4,178,832
Year-to-date gross charge-offs
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	172
Revolving Loans	0	0
Total	0	172
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2025	6,410	36,058
2024	30,848	742,977
2023	685,202	1,052,707
2022	1,072,354	628,284
2021	531,461	560,365
Prior	1,321,194	841,540
Revolving Loans	0	0
Total	3,647,469	3,861,931
Year-to-date gross charge-offs
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	640
Prior	3,357	0
Revolving Loans	0	0
Total	3,357	640
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2025	725,167	1,952,001
2024	2,003,149	1,424,999
2023	1,159,022	1,527,795
2022	1,278,166	226,061
2021	154,659	7,741
Prior	60,339	83,339
Revolving Loans	875,763	866,686
Total	6,256,265	6,088,622
Year-to-date gross charge-offs
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2025	201,920	991,497
2024	936,790	494,500
2023	498,560	361,857
2022	290,626	47,772
2021	46,473	10,422
Prior	34,280	15,855
Revolving Loans	3,346,103	3,319,863
Total	5,354,752	5,241,766
Year-to-date gross charge-offs
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	1,032	0
Prior	0	84
Revolving Loans	2,000	0
Total	3,032	84
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2025	28,400	65,941
2024	62,168	115,375
2023	103,991	178,729
2022	160,450	43,873
2021	38,577	13,516
Prior	22,179	14,226
Revolving Loans	0	0
Total	415,765	431,660
Year-to-date gross charge-offs
2025	0	202
2024	197	3,471
2023	626	5,212
2022	1,354	1,556
2021	494	303
Prior	178	269
Revolving Loans	0	0
Total	2,849	11,013
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2025	1,084,949	3,537,144
2024	3,390,115	3,282,691
2023	2,915,128	4,066,317
2022	3,740,544	1,391,702
2021	1,193,183	832,953
Prior	2,232,997	1,611,156
Revolving Loans	4,516,795	4,418,889
Total	19,073,711	19,140,852
Pass \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2025	123,052	491,822
2024	434,335	590,060
2023	550,071	1,200,230
2022	1,171,584	487,132
2021	476,230	291,047
Prior	912,453	720,049
Revolving Loans	345,288	256,778
Total	4,013,013	4,037,118
Pass \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2025	6,410	36,058
2024	30,848	700,163
2023	652,262	994,004
2022	1,023,889	595,299
2021	493,090	510,341
Prior	1,221,788	811,184
Revolving Loans	0	0
Total	3,428,287	3,647,049
Pass \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2025	725,167	1,952,001
2024	1,939,760	1,419,399
2023	1,144,414	1,456,643
2022	1,234,466	221,061
2021	143,009	7,741
Prior	45,487	53,000
Revolving Loans	871,853	866,686
Total	6,104,156	5,976,531
Pass \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2025	201,920	991,497
2024	923,047	458,454
2023	465,232	238,397
2022	151,653	44,923
2021	42,580	10,422
Prior	31,291	12,867
Revolving Loans	3,299,654	3,295,425
Total	5,115,377	5,051,985
Pass \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2025	28,400	65,766
2024	62,125	114,615
2023	103,149	177,043
2022	158,952	43,287
2021	38,274	13,402
Prior	21,978	14,056
Revolving Loans	0	0
Total	412,878	428,169
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	31,033
2024	107,923	31,151
2023	24,435	99,288
2022	49,472	20,137
2021	18,331	15,602
Prior	87,271	37,211
Revolving Loans	4,284	5,349
Total	291,716	239,771
Special Mention \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	31,000
2024	31,000	0
2023	0	24,489
2022	7,374	665
2021	5,394	6,591
Prior	34,621	26,873
Revolving Loans	0	0
Total	78,389	89,618
Special Mention \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	29,325
2023	23,774	46,194
2022	41,030	17,478
2021	8,975	9,011
Prior	52,624	10,277
Revolving Loans	0	0
Total	126,403	112,285
Special Mention \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	63,389	0
2023	0	27,452
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	63,389	27,452
Special Mention \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	13,500	1,613
2023	386	731
2022	678	1,818
2021	3,893	0
Prior	0	0
Revolving Loans	4,284	5,349
Total	22,741	9,511
Special Mention \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	33
2024	34	213
2023	275	422
2022	390	176
2021	69	0
Prior	26	61
Revolving Loans	0	0
Total	794	905
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	142
2024	252	54,352
2023	58,368	186,930
2022	190,206	21,948
2021	41,280	55,847
Prior	114,226	83,880
Revolving Loans	46,075	19,089
Total	450,407	422,188
Substandard \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	283
2023	1,085	6,728
2022	9,668	0
2021	0	14,720
Prior	49,428	30,365
Revolving Loans	0	0
Total	60,181	52,096
Substandard \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	13,489
2023	9,166	12,509
2022	7,435	15,507
2021	29,396	41,013
Prior	46,782	20,079
Revolving Loans	0	0
Total	92,779	102,597
Substandard \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	5,600
2023	14,608	43,700
2022	43,700	5,000
2021	11,650	0
Prior	14,852	30,339
Revolving Loans	3,910	0
Total	88,720	84,639
Substandard \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	243	34,433
2023	32,942	122,729
2022	128,295	1,031
2021	0	0
Prior	2,989	2,988
Revolving Loans	42,165	19,089
Total	206,634	180,270
Substandard \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	142
2024	9	547
2023	567	1,264
2022	1,108	410
2021	234	114
Prior	175	109
Revolving Loans	0	0
Total	2,093	2,586
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	10,000	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	10,000	0
Doubtful \| Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful \| Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	10,000	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	10,000	0
Doubtful \| Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2025	0	0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT_11

LOANS & ALLOWANCE FOR CREDIT LOSSES - PAST DUE LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Financing Receivable, Past Due [Line Items]
Total	$ 19,825,834	$ 19,802,811
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	4,151,583	4,178,832
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,647,469	3,861,931
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,256,265	6,088,622
Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,354,752	5,241,766
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	415,765	431,660
Current
Financing Receivable, Past Due [Line Items]
Total	$ 19,568,524	$ 19,555,332
As a % of total gross loans	98.70%	98.75%
Current \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,059,299	$ 4,070,186
Current \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,572,637	3,795,387
Current \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,179,503	6,024,470
Current \| Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,348,357	5,240,734
Current \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	408,728	424,555
30-59 Days
Financing Receivable, Past Due [Line Items]
Total	$ 68,735	$ 64,105
As a % of total gross loans	0.35%	0.33%
30-59 Days \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 20,107	$ 46,387
30-59 Days \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	29,631	13,074
30-59 Days \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	7,610	0
30-59 Days \| Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	6,395	0
30-59 Days \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	4,992	4,644
60-89 Days
Financing Receivable, Past Due [Line Items]
Total	$ 29,406	$ 53,901
As a % of total gross loans	0.15%	0.27%
60-89 Days \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 13,715	$ 18,401
60-89 Days \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	9,648	8,554
60-89 Days \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,000	25,950
60-89 Days \| Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,043	996
90+ Days
Financing Receivable, Past Due [Line Items]
Total	$ 159,169	$ 129,473
As a % of total gross loans	0.80%	0.65%
90+ Days \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 58,462	$ 43,858
90+ Days \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	35,553	44,916
90+ Days \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	64,152	38,202
90+ Days \| Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	1,032
90+ Days \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,002	1,465
Total
Financing Receivable, Past Due [Line Items]
Total	$ 19,825,834	$ 19,802,811
As a % of total gross loans	100%	100%
Total \| Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,151,583
Total \| Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,647,469
Total \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,256,265
Total \| Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	5,354,752
Total \| Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	$ 415,765

DERIVATIVES - SCHEDULE OF DERIV

DERIVATIVES - SCHEDULE OF DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Derivative [Line Items]
Notional Amount	$ 2,916,173	$ 2,435,874
Derivative Assets	66,172	106,796
Derivative Liabilities	63,225	102,949
Interest rate contracts \| Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	400,000	0
Derivative Assets	401	0
Derivative Liabilities	0	0
Interest rate contracts \| Not Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	2,516,173	2,435,874
Derivative Assets	65,771	106,796
Derivative Liabilities	$ 63,225	$ 102,949

DERIVATIVES - CASH FLOW HEDGE (

DERIVATIVES - CASH FLOW HEDGE (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Amounts recorded in OCI	$ 553	$ 0
Amounts reclassified from AOCI to income	0	0
Total change in OCI for period	553	0
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Amounts recorded in OCI	553	0
Amounts reclassified from AOCI to income	0	0
Total change in OCI for period	$ 553	$ 0

DERIVATIVES - NARRATIVE (Detail

DERIVATIVES - NARRATIVE (Details) - USD ($)	3 Months Ended
DERIVATIVES - NARRATIVE (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Derivative [Line Items]
Derivative instruments in hedges, at fair value, net		$ 0
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Pre-tax net gain	$ 2,100,000
Maximum length of time hedged (in years)	3 years

DERIVATIVES - SCHEDULE OF GAINS

DERIVATIVES - SCHEDULE OF GAINS (LOSSES) OF DERIVATIVES INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income
Banking and service fees \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivative, net	$ (1,372)	$ 340
Mortgage banking and servicing rights income \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivative, net	$ (251)	$ 277

OFFSETTING OF DERIVATIVES AND_3

OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Securities borrowed
Securities borrowed, Gross Assets / Liabilities	$ 84,326	$ 67,212
Securities borrowed, Amounts Offset	0	0
Security borrowed, Net Balance Sheet Amount	84,326	67,212
Securities borrowed, Amounts Not Offset	84,326	67,212
Security borrowed, Net Assets / Liabilities	0	0
Other Assets — Derivative Assets
Other Assets — Derivative Assets, Gross Assets / Liabilities	66,172	106,796
Other Assets — Derivative Assets, Amounts Offset	0	0
Other Assets — Derivative Assets, Net Balance Sheet Amount	66,172	106,796
Other Assets — Derivative Assets, Amounts Not Offset	6,317	18,524
Other Assets — Derivative Assets, Net Assets / Liabilities	59,855	88,272
Securities loaned
Securities loaned, Gross Assets / Liabilities	95,883	74,177
Securities loaned, Amounts Offset	0	0
Security loaned, Net Balance Sheet Amount	95,883	74,177
Securities loaned, Amounts Not Offset	95,883	74,177
Securities loaned, Net Assets / Liabilities	0	0
Accounts Payable and Other Liabilities — Derivative Liabilities
Accounts Payable and Other Liabilities — Derivative Liabilities, Gross Assets / Liabilities	63,225	102,949
Accounts Payable and Other Liabilities — Derivative Liabilities, Amounts Offset	0	0
Accounts Payable and Other Liabilities — Derivative Liabilities, Net Balance Sheet Amount	63,225	102,949
Accounts Payable and Other Liabilities — Derivative Liabilities, Amounts Not Offset	1,757	414
Accounts Payable and Other Liabilities — Derivative Liabilities, Net Assets / Liabilities	61,468	102,535
Interest Rate Swap \| Not Designated as Hedging Instrument
Accounts Payable and Other Liabilities — Derivative Liabilities
Accounts Payable and Other Liabilities — Derivative Liabilities, Amounts Not Offset	600	0
Amounts not offset reflect cash collateral received on other assets	$ 5,200	$ 18,100

STOCKHOLDERS_ EQUITY AND STOC_3

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - NARRATIVE (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Common Stock
Stock Award Compensation Expense
Remaining amount under board authorization	$ 106.5
RSUs
Stock Award Compensation Expense
Total fair value of shares vested	$ 22.5	$ 14.8
Stock Incentive Plan, 2014 \| RSUs
Stock Award Compensation Expense
Number of shares available for grant (in shares)	1,279,635,000
Unrecognized compensation expense	$ 61.3
Weighted-average remaining time period (in years)	1 year 7 months 6 days

STOCKHOLDERS_ EQUITY AND STOC_4

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - RSUs	3 Months Ended
	Sep. 30, 2024 $ / shares shares
RSUs
Non-vested balance, beginning (in shares) \| shares	1,541,194
Granted (in shares) \| shares	640,058
Vested (in shares) \| shares	(340,701)
Forfeited (in shares) \| shares	(20,981)
Non-vested balance, ending (in shares) \| shares	1,819,570
Weighted-Average Grant-Date Fair Value
Non-vested balance, beginning (in dollars per share) \| $ / shares	$ 43.95
Granted (in dollars per share) \| $ / shares	63.15
Vested (in dollars per share) \| $ / shares	42.50
Forfeited (in dollars per share) \| $ / shares	44.74
Non-vested balance, ending (in dollars per share) \| $ / shares	$ 50.97

STOCKHOLDERS_ EQUITY AND STOC_5

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - COMMON STOCK REPURCHASES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Stock Award Compensation Expense
Total repurchase		$ 24,536
Common Stock
Stock Award Compensation Expense
Total repurchase	$ 0	$ 24,535
Number of shares repurchased (in shares)	0	648,208
Average price paid per share (in dollars per share)	$ 0	$ 37.85

STOCKHOLDERS_ EQUITY AND STOC_6

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Stock Award Compensation Expense
Stockholder's equity, beginning balance	$ 2,290,596	$ 1,917,159
Other comprehensive income/(loss)	1,701	222
Stockholder's equity, ending balance	2,405,728	1,976,208
Unrealized gain (loss) on available-for-sale securities
Stock Award Compensation Expense
Stockholder's equity, beginning balance	(2,466)	(6,610)
Other comprehensive income/(loss)	1,319	222
Stockholder's equity, ending balance	(1,147)	(6,388)
Cash flow hedges
Stock Award Compensation Expense
Stockholder's equity, beginning balance	0	0
Other comprehensive income/(loss)	382	0
Stockholder's equity, ending balance	382	0
Accumulated other comprehensive income
Stock Award Compensation Expense
Stockholder's equity, beginning balance	(2,466)	(6,610)
Other comprehensive income/(loss)	1,701	222
Stockholder's equity, ending balance	$ (765)	$ (6,388)

STOCKHOLDERS_ EQUITY AND STOC_7

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - PRE-TAX AND AFTER-TAX CHANGES (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Net unrealized gains/(losses) arising during the period, Pre-tax	$ 1,884	$ 334
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	0	0
Net change, Pre-tax	1,884	334
Net unrealized gains/(losses) arising during the period, Tax effect	(565)	(112)
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	0	0
Net change, Tax effect	(565)	(112)
Net unrealized gains/(losses) arising during the period, After-tax	1,319	222
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	0	0
Net change, After-tax	1,319	222
Net unrealized gains/(losses) arising during the period, Pre-tax	553	0
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	0	0
Total change in OCI for period	553	0
Net unrealized gains/(losses) arising during the period, Tax effect	(171)	0
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	0	0
Net change, Tax effect	(171)	0
Net unrealized gains/(losses) arising during the period, After-tax	382	0
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	0	0
Net change, After-tax	382	0
Total other comprehensive income, Pre-tax	2,437	334
Total other comprehensive income, Tax effect	(736)	(112)
Other comprehensive income (loss)	$ 1,701	$ 222

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Common Share
Net income	$ 112,340	$ 82,645
Average common shares outstanding (in shares)	56,934,671	58,949,038
Basic earnings per common share (in dollars per share)	$ 1.97	$ 1.40
Diluted Earnings Per Common Share
Net income	$ 112,340	$ 82,645
Average common shares issued and outstanding (in shares)	56,934,671	58,949,038
Average dilutive common shares outstanding (in shares)	58,168,468	59,808,322
Diluted earnings per common share (in dollars per share)	$ 1.93	$ 1.38
Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) (in shares)	0	5,348
RSUs
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	1,233,797	859,284

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET ACTIVITIES - SCHEDULE OF OFF BALANCE SHEET COMMITMENTS (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments to fund loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	$ 4,155,531
Commitments to sell loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	37,729
Commitments to contribute capital
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	4,514
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments	$ 16,472

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details) - USD ($) $ in Millions		12 Months Ended
	Mar. 26, 2024	Jun. 30, 2023	Sep. 30, 2024
MUFG Union Bank v. Axos Bank
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Damages vacated	$ 2.5
Accrued litigation expense		$ 16
General and administrative expense		$ 16
Low Income Housing Tax Credits \| Provision for credit losses - unfunded lending commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments			$ 38.1

SEGMENT REPORTING AND REVENUE_3

SEGMENT REPORTING AND REVENUE INFORMATION - SEGMENT REPORTING INFORMATION, BY SEGMENT (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	2
Segment Reporting Information [Line Items]
Net interest income	$ 292,048	$ 211,155
Provision for credit losses	14,000	7,000
Non-interest income	28,609	34,507
Non-interest expense	147,465	120,506
INCOME BEFORE INCOME TAXES	159,192	118,156
Goodwill	97,673		$ 97,673
Total Assets	23,569,084		22,855,334
Operating segments \| Banking Business Segment
Segment Reporting Information [Line Items]
Net interest income	288,492	209,219
Provision for credit losses	14,000	7,000
Non-interest income	8,590	12,557
Non-interest expense	118,315	100,786
INCOME BEFORE INCOME TAXES	164,767	113,990
Goodwill	35,721		35,721
Total Assets	22,868,054		22,165,627
Operating segments \| Securities Business Segment
Segment Reporting Information [Line Items]
Net interest income	7,267	5,542
Provision for credit losses	0	0
Non-interest income	29,902	34,555
Non-interest expense	28,091	27,523
INCOME BEFORE INCOME TAXES	9,078	12,574
Goodwill	59,953		59,953
Total Assets	674,523		649,254
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(3,711)	(3,606)
Provision for credit losses	0	0
Non-interest income	(9,883)	(12,605)
Non-interest expense	1,059	(7,803)
INCOME BEFORE INCOME TAXES	(14,653)	$ (8,408)
Goodwill	1,999		1,999
Total Assets	$ 26,507		$ 40,453

SEGMENT REPORTING AND REVENUE_4

SEGMENT REPORTING AND REVENUE INFORMATION - NON-INTEREST INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Advisory fee income	$ 7,945	$ 8,219
Broker-dealer clearing fees	5,072	5,535
Deposit service fees	773	680
Card fees	923	682
Bankruptcy trustee and fiduciary service fees	1,289	1,394
Non-interest income (in-scope of ASC 606)	16,002	16,510
Non-interest income (out-of-scope of ASC 606)	12,607	17,997
Total non-interest income	$ 28,609	$ 34,507

BORROWINGS, SUBORDINATED NOTE_2

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Details) - USD ($) $ in Thousands			3 Months Ended
	Sep. 27, 2024	Jul. 15, 2024	Sep. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Repayments of subordinated debt			$ 11,803	$ 0
Gain on extinguishment			$ 604	$ 0
Subordinated notes
Debt Instrument [Line Items]
Repayments of subordinated debt	$ 9,200	$ 2,600
Debt instrument, repurchased face amount	$ 9,500	$ 3,000
Interest rate (as a percentage)	4.875%	4%
Gain on extinguishment	$ 200	$ 400

OTHER ASSETS - SCHEDULE OF INCO

OTHER ASSETS - SCHEDULE OF INCOME AND TAX BENEFITS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Cash Flows [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]	INCOME TAXES	INCOME TAXES
Low Income Housing Tax Credits
Tax credits recognized	$ 1,420	$ 850
Other tax benefits recognized	312	313
Amortization	(1,406)	(848)
Net benefit (expense) included in income tax expense	326	315
Other income (loss) included in banking and service fees	0	0
Net benefit (expense) included in the Consolidated Statements of Income	$ 326	$ 315

OTHER ASSETS - SCHEDULE OF INVE

OTHER ASSETS - SCHEDULE OF INVESTMENTS ON BALANCE SHEET (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Investment Proportional Amortization Method Elected Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	LIHTC investments	LIHTC investments
Low Income Housing Tax Credits
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
LIHTC investments	$ 64,467	$ 65,873
Low Income Housing Tax Credits \| Unfunded Commitment
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
LIHTC unfunded commitments	$ 38,083	$ 40,617