On February 17, 2026, PMC FIG Opportunities reported selling 33,048 shares of Axos Financial (AX 2.14%), an estimated $2.72 million trade based on quarterly average pricing.
What happened
According to a filing with the Securities and Exchange Commission on February 17, 2026, PMC FIG Opportunities reduced its holdings in Axos Financial by 33,048 shares. The estimated transaction value was $2.72 million, based on average closing prices during the fourth quarter. The stake’s quarter-end value decreased by $2.79 million, a figure that incorporates both the share sale and changes in Axos Financial’s stock price during the period.
What else to know
- Following the sale, Axos Financial represents 0.89% of fund AUM, down from 5.1% in the prior quarter.
- Top holdings after the filing:
- NASDAQ: CCB: $4.95 million (7.8% of AUM)
- NASDAQ: TBBK: $4.78 million (7.5% of AUM)
- NYSE: SF: $3.94 million (6.2% of AUM)
- NASDAQ: NBN: $3.40 million (5.3% of AUM)
- NYSE: BAC: $3.24 million (5.1% of AUM)
- As of Monday, Axos Financial shares were priced at $89.47, up 34% over the past year and well outperforming the S&P 500, which is instead up about 16% in the same period.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $1.3 billion |
| Net income (TTM) | $456.63 million |
| Market capitalization | $5.1 billion |
| Price (as of Monday) | $89.47 |
Company snapshot
- Axos Financial offers a comprehensive suite of consumer and business banking products, including checking and savings accounts, mortgage and commercial loans, and securities-backed lending.
- The company generates revenue primarily through net interest income from lending activities and fee-based services such as payment processing, brokerage, and back-office support.
- It serves retail consumers, small and mid-sized businesses, and brokerage clients across the United States, with a focus on digital-first banking solutions.
Axos Financial is a digital-focused regional bank delivering diversified financial services to consumers and businesses nationwide. The company leverages technology to streamline operations and provide a broad range of banking and securities products. Its scalable platform and emphasis on efficiency position it competitively within the evolving financial services sector.
What this transaction means for investors
Against a portfolio tilted toward regional and specialty banks, trimming Axos from over 5% of assets to under 1% suggests risk management more than a fundamental break. The stock has gained 34% in a year, a kind of run that might invite some position-sizing discipline.
Axos has backed up that stock run with performance. The bank posted net income of $128.4 million for the December quarter, up from $104.7 million a year earlier, with diluted EPS climbing to $2.22. Net interest income rose 18.4% year over year to $331.7 million, supported by loan growth that pushed ending balances to $24.3 billion. Net interest margin expanded to 4.94%, while credit metrics improved, with net charge-offs at just 0.04% of average loans.
Ultimately, for long-term investors, the thesis remains intact. Axos is growing loans, deposits, and earnings while keeping credit contained. The question is valuation, not viability.
