Axos Bank: how it compares with its peers
Against 86 U.S. banks with half to twice its assets, Axos Bank's strongest measure in Q2 2026 is return on assets (2.16% vs. a 1.21% peer median). Its weakest relative measure is assets per employee ($18.1M vs. $12.1M).
| Measure | Axos Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.16% | 1.21% | Top third Ahead of 94% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.69% | 3.61% | Top third Ahead of 93% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 42.30% | 55.20% | Top third Ahead of 83% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $18.1M | $12.1M | Top third Ahead of 71% of peers |
| Loans to deposits Net loans and leases over total deposits. | 99.47% | 85.69% | Context |
What it means for lending operations
Its efficiency ratio of 42.30% is better than the 55.20% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- United Community Bank Greenville, SC · $28.99B
- City National Bank of Florida Miami, FL · $29.11B
- Sallie Mae Bank Salt Lake City, UT · $28.54B
- Ameris Bank Atlanta, GA · $28.42B
- Arvest Bank Fayetteville, AR · $28.05B
- WesBanco Bank, Inc. Wheeling, WV · $27.75B
Questions about Axos Bank
How big is Axos Bank?
Axos Bank, established in 2000, is headquartered in San Diego, CA. It reported $28.87B in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Axos Bank's return on assets?
2.16% annualized in Q2 2026, against a 1.21% median for 86 U.S. banks with half to twice its assets, ahead of 94% of them.
What is Axos Bank's efficiency ratio?
42.30% in Q2 2026: it spent about 42 cents in noninterest expense for each dollar of revenue. The peer median is 55.20%, and lower is better.
Is Axos Bank growing its loans?
Net loans grew 24.9% over the year to Q2 2026, while deposits grew 18.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every California bank ranked.