Earnings summaries and quarterly performance for WAFD.
Research analysts who have asked questions during WAFD earnings calls.
Andrew Terrell
Stephens Inc.
2 questions for WAFD
Also covers: AVBH, BANC, BANR +18 more
JR
Jeffrey Rulis
D.A. Davidson Companies
2 questions for WAFD
KM
Kelly Motta
Keefe, Bruyette & Woods
2 questions for WAFD
Also covers: AX, BANR, BOH +19 more
MC
Matthew Clark
Piper Sandler
2 questions for WAFD
Also covers: AVBH, BANC, BMRC +23 more
AT
Andrew Tyrrell
Stephens
1 question for WAFD
Jeff Rulis
D.A. Davidson & Co.
1 question for WAFD
Also covers: ALRS, BANR, BMRC +15 more
KM
Kelli Motta
KBW
1 question for WAFD
Recent press releases and 8-K filings for WAFD.
WaFd Inc. Announces Q1 2026 Results
WAFD
Earnings
Share Buyback
Demand Weakening
- WaFd Inc. reported diluted earnings per common share of $0.79 and net income of $64.2 million for the quarter ended December 31, 2025. This represents a 10% increase in EPS on a linked quarter basis and a 46% increase compared to the same period last year.
- Key profitability metrics for the quarter included a return on average assets of 0.96%, a return on tangible common equity of 10.57%, a net interest margin of 2.70%, and an efficiency ratio of 55.25%.
- The company returned capital to shareholders by paying a cash dividend of $0.27 per share on December 5, 2025, and repurchasing 1,950,013 shares at a weighted average price of $29.75 per share during the quarter. These repurchases contributed to a 7.1% annualized growth in tangible book value per share.
- Credit quality metrics showed an increase in stress, with non-performing assets rising to $203 million, or 0.75% of total assets, from $143 million (0.54%) in the prior quarter, and delinquent loans increasing to 1.07% of total loans from 0.60%. Net charge-offs were $3.7 million for the quarter.
- Total assets increased to $27.3 billion as of December 31, 2025, from $26.7 billion at September 30, 2025, primarily due to investment security purchases, while net loans decreased to $19.8 billion and customer deposits remained largely unchanged at $21.4 billion.
5 days ago
WaFd Inc. Reports Q1 2026 Earnings with EPS Growth and Increased Non-Performing Assets
WAFD
Earnings
Share Buyback
Demand Weakening
- WaFd Inc. reported net income available to common shareholders of $60.5 million, or $0.79 per diluted share, for the first quarter of fiscal 2026, representing a 40% year-over-year growth in EPS.
- The net interest margin was 2.7% for the quarter, influenced by $5 million in non-accrual interest and mortgage-backed securities purchases. Total deposits decreased by $21 million, though non-interest-bearing deposits increased by $125 million (4.9%).
- Credit quality metrics showed an increase in non-performing assets to $203 million (0.75% of total assets) and delinquent loans to 1.07% of total loans. The net provision for credit losses was $3.5 million, with $3.7 million in net loan charge-offs.
- The company repurchased 1.95 million shares at a weighted average price of $29.75 during the quarter, with 6.3 million shares remaining under authorization.
- WaFd aims to grow its active loan portfolios by 8%-12% over the next one to two years and increase non-interest-bearing deposits to 20% of total deposits by 2030. The total lending pipeline increased by $697 million (28%) to $3.2 billion.
5 days ago
WaFd Inc. Reports Q1 2026 Earnings with EPS Growth and Strategic Progress
WAFD
Earnings
Share Buyback
Guidance Update
- WaFd Inc. reported net income available to common shareholders of $60.5 million or $0.79 per diluted share for the fiscal first quarter ended December 31, 2025, representing a 10% linked-quarter EPS growth.
- The net interest margin was 2.7% for the quarter, with a spot rate of 2.77% at December 2025, and the company aims to reach a 3% margin within the next two years.
- Total loans receivable decreased by $240 million, primarily due to inactive loan type runoff, while active loan originations were $1.1 billion. Non-performing assets increased to $203 million, or 0.75% of total assets, from $143 million (0.54%) in the prior quarter.
- The company repurchased 1.95 million shares at a weighted average price of $29.75 during the quarter, with 6.3 million shares remaining under authorization.
- Strategic initiatives include increasing non-interest-bearing deposits to 20% by 2030 (currently 12.6%) and growing active loan portfolios by 8%-12% over the next one to two years, supported by a $3.2 billion lending pipeline.
5 days ago
WaFd Inc. Reports Q1 2026 Earnings with EPS Growth and Strategic Progress
WAFD
Earnings
Share Buyback
New Projects/Investments
- WaFd Inc. reported net income of $60.5 million or $0.79 per diluted share for the quarter ended December 31, 2025, reflecting 10% linked-quarter EPS growth. The net interest margin was 2.7%, and the efficiency ratio improved to 55.3%.
- Loans receivable decreased by $240 million, primarily due to a reduction in inactive loan types, while total investments and mortgage-backed securities increased by $728 million, funded by $671 million in borrowings.
- Non-performing assets increased to $203 million (0.75% of total assets), driven by a 49% increase in non-accrual loans since September 30, 2025. Delinquent loans rose to 1.07% of total loans, and the net provision for credit losses was $3.5 million.
- The company aims to achieve a 3% net interest margin within two years and expects active loan portfolios to grow 6%-10% in fiscal year 2026. WaFd repurchased 1.95 million shares at a weighted average price of $29.75 during the quarter.
5 days ago
WAFD, INC. Reports Q4 2025 Financial Results and Capital Actions
WAFD
Earnings
Dividends
Share Buyback
- 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
Quarterly earnings call transcripts for WAFD.
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