Axos Financial, Inc. 8-K

What Happened

• Axos Financial, Inc. reported that its subsidiary, Axos Bank, completed the previously announced acquisition of all U.S. consumer deposits of Jenius Bank (a digital banking business of SMBC MANUBANK) on May 2, 2026.
• Under the Purchase and Assumption Agreement dated February 12, 2026, Axos Bank acquired approximately $2.3 billion of deposits and received cash consideration, less a negotiated premium. The full agreement was previously filed as Exhibit 99.1 in the company’s February 12, 2026 Form 8‑K.

Key Details

• Completion date: May 2, 2026.
• Target: All U.S. consumer deposits of Jenius Bank (SMBC MANUBANK).
• Deposit amount: Approximately $2.3 billion acquired by Axos Bank.
• Agreement: Purchase and Assumption Agreement dated February 12, 2026 (filed as Exhibit 99.1).

Why It Matters

• The transaction increases Axos Bank’s deposit base by roughly $2.3 billion, which can affect the company’s funding mix, liquidity and customer relationships.
• For investors, this is a material asset acquisition (deposits only, not an entire bank acquisition) that was completed as disclosed; the company’s earlier filing contains the full agreement details for anyone seeking the legal terms.