STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2025

The following table presents the status and changes in RSUs:


	RSUs	Weighted-Average Grant-Date Fair Value
Non-vested balance at June 30, 2025	1,564,016	$	55.50
Granted	385,696	90.47
Vested	(254,510)	47.24
Forfeited	(26,093)	57.93
Non-vested balance at September 30, 2025	1,669,109	$	64.81

AOCI includes the after-tax change in unrealized gains and losses on investment securities and cash flow hedging activities.


	For the Three Months Ended September 30, 2025
(Dollars in thousands)	Unrealized gain (loss) on available-for-sale securities		Cash flow hedges		Accumulated other comprehensive income
Balance at June 30, 2025	$	(780)	$	1,128	$	348
Other comprehensive income/(loss)	254		(538)		(284)
Balance at September 30, 2025	$	(526)	$	590	$	64


	For the Three Months Ended September 30, 2024
(Dollars in thousands)	Unrealized gain (loss) on available-for-sale securities		Cash flow hedges		Accumulated other comprehensive income
Balance at June 30, 2024	$	(2,466)	$	—	$	(2,466)
Other comprehensive income/(loss)	1,319		382		1,701
Balance at September 30, 2024	$	(1,147)	$	382	$	(765)

The following table presents the pre-tax and after-tax changes in the components of other comprehensive income.



	For the Three Months Ended September 30, 2025						For the Three Months Ended September 30, 2024
(Dollars in thousands)	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Unrealized gain/(loss) on investment securities:
Net unrealized gains/(losses) arising during the period	$	350	$	(96)	$	254	$	1,884	$	(565)	$	1,319
Reclassification adjustment for realized (gains)/losses included in net income	—		—		—		—		—		—
Net change	$	350	$	(96)	$	254	$	1,884	$	(565)	$	1,319
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	$	374	$	(104)	$	270	$	553	$	(171)	$	382
Reclassification adjustment for realized (gains)/losses included in net income	(1,118)		310		(808)		—		—		—
Net change	(744)		206		(538)		553		(171)		382
Total other comprehensive income/(loss)	$	(394)	$	110	$	(284)	$	2,437	$	(736)	$	1,701

Axos Financial, Inc. 10-Q