WAFD (WAFD) Company Report

WAFD, INC. reported net income of $60,597 thousand for the three months ended September 30, 2025, with an efficiency ratio of 56.82% for the same period.
As of September 30, 2025, the company held total assets of $26.7 billion, total loans held for investment of $20.1 billion, and total deposits of $21.4 billion.
The company's asset quality showed non-performing assets of $143 million (0.54% of Total Assets) and an Allowance for Credit Losses (ACL) of $200 million, covering 140% of total NPAs as of September 30, 2025.
WAFD returned capital to shareholders with a $0.27 cash dividend and repurchased 3,447,771 shares in fiscal year 2025 at a weighted average price of $29.56, with 8.2 million shares remaining in buyback authorization as of September 30, 2025.
As of September 30, 2025, 24.7% of total deposits were uninsured and uncollateralized.

Nov 12, 2025, 7:47 PM

WaFd Announces Q4 and Fiscal 2025 Results

WAFD

Earnings

Dividends

Share Buyback

For the fourth quarter of fiscal year 2025, WaFd reported net income of $61 million and diluted earnings per common share of $0.72. For the full fiscal year 2025, net income was $226 million and diluted earnings per common share was $2.63.
The net interest margin increased to 2.71% for Q4 2025, up from 2.69% in the prior quarter. The efficiency ratio for the quarter was 56.82%, an increase from 56.01% in Q3 2025.
Credit quality metrics showed an increase in non-performing assets to 0.54% of total assets as of September 30, 2025, compared to 0.36% in June 2025. Delinquencies also rose to 0.60% of total loans from 0.26% in June 2025.
WaFd repurchased 969,653 shares at a weighted average price of $29.74 per share during Q4 2025 and paid a cash dividend of $0.27 per share on September 5, 2025.
Total assets decreased to $26.7 billion as of September 30, 2025, from $28.1 billion a year prior, primarily due to a reduction in loans receivable and cash. The company is undergoing a business model shift from mortgage lending to providing solutions for businesses, with checking accounts increasing from 33% to 35% of deposits over the year.

Oct 28, 2025, 9:37 PM

Woffett, Inc. Reports Q4 and FY 2025 Results, Continues Commercial Bank Transition

WAFD

Earnings

Guidance Update

Share Buyback

Woffett, Inc. (WAFD) reported net income available to common shareholders of $56.9 million or $0.72 per diluted share for Q4 2025, and $211.4 million or $2.63 per diluted share for the full fiscal year 2025.
The company is strategically transitioning to a commercial bank, exiting the single-family mortgage market, and aiming for 8-12% growth in its active loan portfolio in the next year, while inactive loans are projected to run off by $200-300 million per quarter.
WAFD's net interest margin improved to 2.71% in Q4 2025, with a quarter-end spot rate of 2.82%, and management plans to be more aggressive with deposit rate cuts. Credit quality metrics saw an increase in delinquent loans to 0.6% and nonperforming assets to 0.54% of total assets, primarily due to one commercial real estate loan.
Management expressed a strong likelihood of exercising its share repurchase program given the stock is trading below tangible book value.

Oct 17, 2025, 2:00 PM

WaFd Inc. Reports Q4 and Full Year 2025 Results, Continues Commercial Bank Transition

WAFD

Earnings

New Projects/Investments

WaFd Inc. reported net income of $56.9 million or $0.72 per diluted share for the fourth quarter of 2025, and $211.4 million or $2.63 per diluted share for the full fiscal year 2025. The net interest margin for the September quarter was 2.71%, and the efficiency ratio was 56.82%.
The company is actively transitioning to a commercial bank model under its "Build 2030" plan, having exited the single-family mortgage lending market and reorganizing its banking teams. A key goal is to increase non-interest-bearing deposits from 12% to 20% of total deposits by fiscal 2030.
In Q4 2025, loans receivable decreased by $188 million, primarily due to a $216 million decrease in inactive loan types, while deposits increased by $51 million, with non-interest-bearing deposits growing by $80 million. Loan originations for active loan types outpaced repayments for the first time this fiscal year.
Credit quality metrics showed an increase in delinquent loans to 0.6% and non-performing assets to 0.54% of total assets, largely impacted by a single commercial real estate loan. The net provision for credit losses was $3 million for the quarter.
WaFd launched WaFd Wealth Management on August 29, 2024, with a goal to organically grow assets under management to $1 billion in the first two years.

Oct 17, 2025, 2:00 PM

WaFd Announces Fourth Quarter and Fiscal 2025 Results

WAFD

Earnings

Dividends

Share Buyback

WaFd reported Fiscal Year 2025 net income of $226 million and diluted earnings per common share of $2.63, representing a 13% increase in net earnings and a 5.20% increase in diluted EPS compared to Fiscal Year 2024. For the fourth quarter of 2025, net income was $60.6 million and diluted earnings per common share was $0.72.
The company's net interest margin improved to 2.71% in Q4 2025 from 2.69% in Q3 2025. Loan originations increased 103% over Q3 2025, with commercial loans accounting for 83% of all originations in Fiscal Year 2025, and checking accounts growing from 33% to 35% of deposits over the year.
Credit quality metrics showed an increase in non-performing assets to $143 million, or 0.54% of total assets, as of September 30, 2025, up from $97 million or 0.36% at June 30, 2025. Delinquent loans also rose to 0.60% of total loans at September 30, 2025, compared to 0.26% at June 30, 2025.
WaFd returned capital to shareholders by paying a cash dividend of $0.27 per share on September 5, 2025, and repurchasing 969,653 shares during Q4 2025 at a weighted average price of $29.74 per share. For the full fiscal year, 3,447,771 shares were repurchased at a weighted average price of $29.56.

Oct 16, 2025, 9:00 PM

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