Axos Financial Management

Management criteria checks 3/4

Axos Financial's CEO is Greg Garrabrants, appointed in Oct 2007, has a tenure of 16.5 years. total yearly compensation is $10.61M, comprised of 6.6% salary and 93.4% bonuses, including company stock and options. directly owns 2.74% of the company’s shares, worth €75.36M. The average tenure of the management team and the board of directors is 8.4 years and 12.7 years respectively.

Key information

Greg Garrabrants

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	6.6%
CEO tenure	16.5yrs
CEO ownership	2.7%
Management average tenure	8.4yrs
Board average tenure	12.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Greg Garrabrants's remuneration changed compared to Axos Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$402m
Sep 30 2023	n/a	n/a	US$331m
Jun 30 2023	US$11m	US$700k	US$307m
Mar 31 2023	n/a	n/a	US$278m
Dec 31 2022	n/a	n/a	US$260m
Sep 30 2022	n/a	n/a	US$239m
Jun 30 2022	US$14m	US$700k	US$241m
Mar 31 2022	n/a	n/a	US$237m
Dec 31 2021	n/a	n/a	US$229m
Sep 30 2021	n/a	n/a	US$223m
Jun 30 2021	US$5m	US$700k	US$216m
Mar 31 2021	n/a	n/a	US$206m
Dec 31 2020	n/a	n/a	US$209m
Sep 30 2020	n/a	n/a	US$195m
Jun 30 2020	US$5m	US$700k	US$183m
Mar 31 2020	n/a	n/a	US$178m
Dec 31 2019	n/a	n/a	US$161m
Sep 30 2019	n/a	n/a	US$159m
Jun 30 2019	US$5m	US$700k	US$155m
Mar 31 2019	n/a	n/a	US$151m
Dec 31 2018	n/a	n/a	US$164m
Sep 30 2018	n/a	n/a	US$157m
Jun 30 2018	US$27m	US$700k	US$152m
Mar 31 2018	n/a	n/a	US$148m
Dec 31 2017	n/a	n/a	US$137m
Sep 30 2017	n/a	n/a	US$138m
Jun 30 2017	US$7m	US$375k	US$134m

Compensation vs Market: Greg's total compensation ($USD10.61M) is above average for companies of similar size in the German market ($USD2.57M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.

CEO

Greg Garrabrants (51 yo)

16.5yrs

Tenure

US$10,605,532

Compensation

Mr. Gregory Garrabrants, CFA, JD, also known as Greg, has been the President and Chief Executive Officer of Axos Financial, Inc. (formerly, BofI Holding, Inc.) and Axos Bank since October 2007 and has been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Garrabrants	President	16.5yrs	US$10.61m	2.74% $ 75.2m
Derrick Walsh	Executive VP & CFO	2.6yrs	US$1.23m	0.065% $ 1.8m
Thomas Constantine	Executive VP & Chief Credit Officer - Axos Bank	13.7yrs	US$1.27m	0.040% $ 1.1m
Raymond Matsumoto	Executive VP & COO - Axos Bank	6.5yrs	US$1.52m	0.054% $ 1.5m
David Park	Executive Vice President of Commercial Banking & Treasury Management - Axos Bank	5.8yrs	US$1.22m	0.027% $ 735.9k
Candace Thiele	Executive VP & Chief Administrative Officer	no data	no data	no data
Johnny Lai	Senior Vice President of Corporate Development & Investor Relations	no data	no data	no data
Eshel Bar-Adon	Executive VP of Specialty Finance & Chief Legal Officer	13.3yrs	US$1.02m	0.22% $ 6.0m
John Tolla	Executive VP	10.3yrs	no data	0.049% $ 1.3m
Andrew Micheletti	Executive Vice President of Finance	2.6yrs	US$2.21m	0.82% $ 22.4m
Brian Swanson	Executive VP & Head of Consumer Bank - Axos Bank	no data	US$1.08m	0.090% $ 2.5m
Jill Bauer	Executive Vice President of Trustee & Fiduciary Services	no data	no data	no data

8.4yrs

Average Tenure

51yo

Average Age

Experienced Management: BB4's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Garrabrants	President	16.1yrs	US$10.61m	2.74% $ 75.2m
Paul Grinberg	Independent Chairman of the Board	20yrs	US$973.43k	0.23% $ 6.3m
Nicholas Mosich	Independent Vice Chairman of the Board	14.9yrs	US$420.65k	0.15% $ 4.2m
Roque Santi	Independent Director	1.7yrs	US$278.31k	0.0053% $ 144.5k
Edward Ratinoff	Independent Director	14yrs	US$318.16k	0.081% $ 2.2m
Stefani Carter	Independent Director	2.7yrs	US$318.16k	0.0088% $ 241.0k
Sara Wardell-Smith	Independent Director	less than a year	no data	0.0088% $ 241.0k
Uzair Dada	Independent Director	9.3yrs	US$318.16k	0.045% $ 1.2m
Tamara Bohlig	Independent Director	4.7yrs	US$318.16k	0.016% $ 429.7k
James Court	Independent Director	13yrs	US$358.98k	0.096% $ 2.6m
James Argalas	Independent Director	12.7yrs	US$318.16k	0.12% $ 3.4m

12.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: BB4's board of directors are seasoned and experienced ( 12.7 years average tenure).

Axos Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Executive Vice President of Finance recently sold €1.3m worth of stock

Axos Financial, Inc. Announces the Election of Sara Wardell-Smith as an Independent Director, Effective December 1, 2023

Axos Financial, Inc., Annual General Meeting, Nov 09, 2023

President recently sold €7.8m worth of stock

Executive Vice President of Finance recently sold €229k worth of stock

Executive Vice President of Finance recently sold €189k worth of stock

Recent updates

Axos Financial, Inc. to Report Q3, 2024 Results on Apr 30, 2024

Executive Vice President of Finance recently sold €1.3m worth of stock

Axos Financial, Inc. (NYSE:AX) announces an Equity Buyback for $100 million worth of its shares.

Axos Financial, Inc. (NYSE:AX) announces an Equity Buyback for $100 million worth of its shares.

Second quarter 2024 earnings released: EPS: US$2.65 (vs US$1.36 in 2Q 2023)

Axos Financial, Inc. to Report Q2, 2024 Results on Jan 30, 2024

Investor sentiment improves as stock rises 17%

Axos Financial, Inc. Announces the Election of Sara Wardell-Smith as an Independent Director, Effective December 1, 2023

New minor risk - Share price stability

First quarter 2024 earnings released: EPS: US$1.40 (vs US$0.98 in 1Q 2023)

Axos Financial, Inc., Annual General Meeting, Nov 09, 2023

President recently sold €7.8m worth of stock

Full year 2023 earnings released: EPS: US$5.15 (vs US$4.04 in FY 2022)

Axos Financial, Inc. to Report Q4, 2023 Results on Jul 27, 2023

Executive Vice President of Finance recently sold €229k worth of stock

Executive Vice President of Finance recently sold €189k worth of stock

Third quarter 2023 earnings released: EPS: US$1.33 (vs US$1.04 in 3Q 2022)

Independent Vice Chairman of the Board recently bought €91k worth of stock

Investor sentiment deteriorates as stock falls 21%

Executive Vice President of Finance recently sold €452k worth of stock

Executive Vice President of Finance recently sold €662k worth of stock

Investor sentiment improves as stock rises 15%

Second quarter 2023 earnings released: EPS: US$1.36 (vs US$1.02 in 2Q 2022)

Axos Financial, Inc. to Report Q2, 2023 Results on Jan 26, 2023

Axos Financial, Inc. to Report Q1, 2023 Results on Oct 27, 2022

Axos Financial, Inc., Annual General Meeting, Nov 10, 2022

Axos Financial, Inc. announced delayed annual 10-K filing

Axos Financial, Inc. and Axos Bank Appoints Roque A. Santi as an Independent Director

Executive VP & Chief Credit Officer recently sold €290k worth of stock

Full year 2022 earnings released: EPS: US$4.04 (vs US$3.64 in FY 2021)

Axos Financial, Inc. to Report Q4, 2022 Results on Aug 04, 2022

Axos Financial, Inc. Announces Summary Notice of Proposed Class Action Settlement Involving the Company, Common Stock, Call Options and Put Options

Pomerantz LLP Proposes Class Action Settlement on Behalf of Purchasers of the Common Stock of BofI Holding, Inc

Third quarter 2022 earnings released: EPS: US$1.04 (vs US$0.91 in 3Q 2021)

Axos Financial, Inc. to Report Q3, 2022 Results on Apr 28, 2022

Executive VP & Chief Credit Officer recently sold €69k worth of stock

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Executive Vice President of Finance recently sold €288k worth of stock

Executive Vice President of Finance recently sold €1.3m worth of stock

First quarter 2022 earnings released: EPS US$1.01 (vs US$0.89 in 1Q 2021)

Insufficient new directors

Insufficient new directors

Full year 2021 earnings released: EPS US$3.64 (vs US$3.01 in FY 2020)

Insider recently sold €190k worth of stock

Third quarter 2021 earnings released: EPS US$0.91 (vs US$0.92 in 3Q 2020)

Executive VP & CFO recently sold €619k worth of stock

New 90-day high: €41.00

Independent Vice Chairman of the Board recently sold €926k worth of stock

New 90-day high: €36.20

Second quarter 2021 earnings released: EPS US$0.93 (vs US$0.67 in 2Q 2020)

Revenue beats expectations

New 90-day high: €34.80

Investor sentiment improved over the past week

Axos Financial, Inc. to Report Q2, 2021 Results on Jan 28, 2021

New 90-day high: €30.80

Market bids up stock over the past week

New 90-day high: €28.40

Market bids up stock over the past week

Revenue beats expectations

First quarter earnings released

First-quarter earnings released: Revenue beats expectations

New 90-day high: €23.20

Axos Financial, Inc. to Report Q1, 2021 Results on Oct 29, 2020

New 90-day high: €22.00

Full year earnings released - EPS €3.01

Axos Financial, Inc. to Report Q4, 2020 Results on Jul 29, 2020

CEO Compensation Analysis

CEO

Tenure