AX · Axos Financial, Inc.

On May 2, 2026, Axos Bank, a subsidiary of Axos Financial, Inc., completed the acquisition of approximately $2.3 billion in consumer deposits from Jenius Bank, the digital banking arm of SMBC MANUBANK. The transaction was executed under a Purchase and Assumption Agreement dated February 12, 2026. Axos paid cash, less a negotiated premium, for the deposits. This acquisition significantly expands Axos Bank's deposit base, providing a low-cost funding source and supporting its lending and investment activities. The strategic fit is clear: Axos gains a substantial, established consumer deposit portfolio without acquiring physical branches, aligning with its digital-first banking model. The transaction was previously announced and filed as Exhibit 99.1 to Axos's Current Report on Form 8-K on February 12, 2026. Investors should view this as a positive development that enhances Axos's liquidity and funding stability, though the exact premium paid and the impact on earnings will be detailed in future filings.