Three full-scale exterior beam–column joints with anti-seismic steel reinforcement were tested under quasi-static cyclic loading and column axial compressive loading. The test variables were column axial load ratio and joint core hoop reinforcement ratio. Experimental results, including failure mode, hysteretic curve, ductility, energy dissipation, stiffness degradation, and decoupling of deformations, were presented and analyzed. The tests revealed that the anti-seismic rebar resulted in good joint seismic performance and that column axial load ratio and joint core hoop reinforcement ratio impose limited influence of joint performance when the joint failed in beam flexural failure. The calibrated finite element models developed based on OpenSees were then used to simulate the behavior of joint specimens. Parametric studies via finite element modeling were performed to study the influence of various parameters on the performance of beam–column joints.