Axos Bank Named One of America’s Best Banks by Forbes
January 18, 2019
Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named to Forbes “America’s Best Banks” list for 2019. Forbes ranked Axos Bank sixth among this year’s “America’s Best Banks”.
Forbes evaluated the largest 100 publicly traded banks and thrifts by assets. S&P Global Market Intelligence provided data regarding growth, credit quality and profitability metrics, including return on average tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans. Forbes also considered nonperforming assets as a percentage of assets, Common Equity Tier 1 ratio, risk-based capital ratio, reserves as a percentage of nonperforming assets and operating revenue growth.
“We’re thrilled to be recognized by Forbes as one of America’s top banks,” stated Greg Garrabrants, President and CEO of Axos Financial, Inc. “The achievement is particularly satisfying because it reflects that we are best-in-class among the largest banks in terms of profitability, credit quality, growth and efficiency.”
Axos Bank was also recently named “Best Checking Account in America” by bank review website GoBankingRates.com as well as “Best Online Bank” by MyBankTracker.com. For more information on those awards, visit https://www.axosbank.com/About-Us/Press-and-News.
For more information regarding the Forbes “Americas Best Banks”, visit https://www.forbes.com/americas-best-banks/#60de8901606e.