Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named to Forbes Americas Best Banks list for 2019. Forbes ranked Axos Bank sixth among this years Americas Best Banks.
Forbes evaluated the largest 100 publicly traded banks and thrifts by assets. S&P Global Market Intelligence provided data regarding growth, credit quality and profitability metrics, including return on average tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans. Forbes also considered nonperforming assets as a percentage of assets, Common Equity Tier 1 ratio, risk-based capital ratio, reserves as a percentage of nonperforming assets and operating revenue growth.
Were thrilled to be recognized by Forbes as one of Americas top banks, stated Greg Garrabrants, President and CEO of Axos Financial, Inc. The achievement is particularly satisfying because it reflects that we are best-in-class among the largest banks in terms of profitability, credit quality, growth and efficiency.
Axos Bank was also recently named Best Checking Account in America by bank review website GoBankingRates.com as well as Best Online Bank by MyBankTracker.com. For more information on those awards, visit https://www.axosbank.com/About-Us/Press-and-News.
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For more information regarding the Forbes Americas Best Banks, visit https://www.forbes.com/americas-best-banks/#60de8901606e.
About Axos Bank and Axos Financial, Inc.
Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $10 billion in assets, Axos Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. Axos Financial, Inc.s common stock is listed on the NYSE under the symbol AX and is a component of the Russell 2000 Index and the S&P SmallCap 600 Index. For more information on Axos Bank, please visit axosbank.com.
Johnny Lai, CFA
VP, Corporate Development and Investor Relations
Email: [email protected]