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Axos Financial (BOFI) receives regulatory nod for proceeding with Nationwide's Deposits acquisition, announced in August 2018.
BofI Federal Bank (“BofI”), the banking subsidiary of Axos Financial, Inc. (BOFI), announced today that it has received regulatory approval from the Office of the Comptroller of the Currency (the "OCC") to proceed with the definitive purchase and assumption transaction previously announced on August 3, 2018. Under the agreement, BofI Federal Bank will purchase from Nationwide Bank certain assets and assume certain liabilities, including approximately $3 billion of deposit liabilities of Nationwide Bank, in a transaction expected to close no later than November 16, 2018.
Axos Financial, Inc. , parent company of BofI Federal Bank , announced that the Company made the 2018 Sandler O’Neill + Partners Sm-All Stars.
Assessing BofI Holding Inc’s (NASDAQ:BOFI) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met orRead More...
BofI Holding, Inc. (BOFI) (the “Company”), parent of BofI Federal Bank, announced that effective today, its new corporate name is Axos Financial, Inc. (“Axos Financial”). Additionally, BofI Federal Bank will become Axos Bank on October 1, 2018. The Company also announced the pending transfer of its stock exchange listing of common stock and subordinated notes from the NASDAQ Global Select Market (“NASDAQ”) to the New York Stock Exchange (“NYSE”).
BofI Holding Inc is a financial services company operating through its subsidiary. Warning! GuruFocus has detected 5 Warning Signs with OCLR. For the last quarter BofI Holding Inc reported a revenue of $104.0 million, compared with the revenue of $92.06 million during the same period a year ago.
BofI Holding reported weaker-than-expected earnings and revenue late Tuesday. But conference call focus may be on the online banking pioneer's recent "material acquisition."
Missing Wall Street's best guess usually sends a stock price falling, especially if it's been on a tear of late.
BofI Holding's (BOFI) fourth-quarter fiscal 2018 results highlight solid growth in loans and deposit balances, partially offset by higher expenses and provisions.
Bofi (BOFI) delivered earnings and revenue surprises of -4.92% and -3.51%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?