Axos Financial, Inc. Fixed Income Investor Presentation

Revenue Synergies* Axos Securities: . ● ● ● ● ● ● Long-Term Revenue and Expense Synergies Axos Consumer Banking: ● ● Margin Loans Securities Lending ● Fixed Income Trading Order Flow White-label Robo Advisor White-label Banking Auto Lending Mortgage Lending Unsecured Lending Axos Business Banking: Small Business Banking RIA Lending Axos Custody Axos Clearing *Not included in EPS accretion or tangible book value earn-back analysis Axos Invest Cost Synergies* Axos Securities: . Self-Clearing Regulatory/Compliance Client Acquisition Costs Customer Service IT Infrastructure/Dev Axos Consumer Banking: Deposit Servicing Costs Client Acquisition Costs axos ● . . Axos Business Banking: Client Acquisition Costs 38

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