WaFd Earnings Reports

WaFd, Inc. reported net income of $56,252,000 for the three months ended March 31, 2025, a substantial increase from $15,888,000 in the prior year quarter. This improvement was largely attributed to the impact of a merger in the prior year and a reduction in compensation expenses due to restructuring. Net interest income also saw a modest increase, while total assets experienced a decrease.

WaFd Inc. reported a net income of $47.3 million, or $0.54 per diluted share, for the quarter ended December 31, 2024. Results were impacted by greater than expected margin compression and $5.4 million in one-time restructuring charges related to exiting the single-family mortgage lending market. The company is shifting its focus to business banking and commercial real estate lending.

WaFd Inc. reported annual earnings of $200.04 million for fiscal year 2024, which includes the acquisition of Luther Burbank Corporation. Net income available for common shareholders was $2.50 per share for the year. The company's results reflect acquisition related costs of $26.32 million incurred in fiscal 2024. Adjusted earnings per share for the year was $3.02.

WaFd, Inc. reported quarterly earnings of $64,560,000 for the quarter ended June 30, 2024, marking a 306% increase from the previous quarter and a 5% increase from the same quarter last year. The company successfully integrated Luther Burbank into its operations and executed a significant Commercial Real Estate (CRE) loan sale.

WaFd's earnings for the quarter ended March 31, 2024, were $15.888 million, a decrease of 73% from the previous quarter and 76% from the same quarter last year, impacted by merger-related costs and certain non-operating expenses of $51.1 million. Adjusted for these expenses, net income would have been $54.8 million, a 6% decrease from the December quarter.

WaFd, Inc. reported quarterly earnings of $58.453 million, which translates to $0.85 per diluted share. While this represents a decrease compared to the same quarter last year, it is an increase compared to the previous quarter. The net interest margin decreased to 2.91%, and the company saw net recoveries for the quarter with strong credit metrics.

WaFd, Inc. announced record annual earnings, with a notable increase in net income and earnings per share. Despite challenges in the banking industry, the company saw growth in total deposits and a decrease in the percentage of uninsured deposits. The bank experienced its first material net charge-off in a decade, but overall credit quality remained closely monitored.

Washington Federal announced quarterly earnings of $61.775 million, a 2.4% decrease from the previous year. Despite a challenging interest rate environment, the company experienced net deposit inflows of $259 million and maintained a stable efficiency ratio.

Washington Federal announced quarterly earnings of $65,934,000 for the quarter ended March 31, 2023, a 33.6% increase from $49,359,000 for the quarter ended March 31, 2022. Earnings per diluted share increased to $0.95, compared to $0.70 for the same quarter last year.

Washington Federal announced quarterly earnings of $79,509,000 for the quarter ended December 31, 2022, an increase of 58% from $50,281,000 for the quarter ended December 31, 2021. Net income available for common shareholders was $1.16 per diluted share for the quarter ended December 31, 2022, compared to $0.71 per diluted share for the quarter ended December 31, 2021.

Washington Federal reported record annual earnings of $236.33 million for the fiscal year ended September 30, 2022, a $52.715 million increase from the previous year. The fourth quarter net interest margin reached 3.64%, the highest since 2005, and the efficiency ratio decreased to 50%, the best in the last five years.

Washington Federal announced quarterly earnings of $63,295,000 for the quarter ended June 30, 2022, an increase of 33.5% from $47,422,000 for the quarter ended June 30, 2021. Net income available for common shareholders was $0.91 per diluted share for the quarter ended June 30, 2022, compared to $0.61 per diluted share for the quarter ended June 30, 2021.

Washington Federal announced quarterly earnings of $49,359,000 for the quarter ended March 31, 2022, an increase of 10.0% from $44,871,000 for the quarter ended March 31, 2021. Net income available to common shareholders was $0.70 per diluted share, compared to $0.56 per diluted share for the quarter ended March 31, 2021.

Washington Federal announced quarterly earnings of $50.28 million, a 29% increase compared to the same quarter last year. The company experienced robust net loan growth and solid deposit growth, contributing to an 11.30% increase in net interest income.

Washington Federal reported annual earnings of $183,615,000 for the fiscal year ended September 30, 2021, and Q4 earnings per share of $0.72, an all-time quarterly high (excluding non-recurring gains). Key performance indicators are trending positively, with net interest margin improving and a strong loan pipeline.

Washington Federal reported quarterly earnings of $47.422 million, a 36% increase from the previous year. The company saw growth in loans, deposits, and total assets, reaching record highs. Net interest margin also expanded during the quarter.

Washington Federal announced quarterly earnings of $44.87 million, a 23% increase from the previous year. EPS was $0.56, up from $0.47 year-over-year. The company experienced loan growth and strategic transactions that are expected to benefit shareholders.

Washington Federal announced quarterly earnings of $38,951,000, or $0.51 per diluted share, for the quarter ended December 31, 2020. The company experienced record loan production, solid core deposit growth, and an expansion of the net interest margin.

Washington Federal reported annual earnings of $173,438,000 and diluted earnings per share of $2.26 for the fiscal year ended September 30, 2020. Net interest margin of 2.67% in the 4th fiscal quarter of 2020 was down from 3.12% in the same quarter of the prior year. Operating expenses were $78.2 million for the 4th fiscal quarter of 2020, an increase of $5.6 million or 7.8% from the same quarter a year ago.

Washington Federal announced quarterly earnings of $34,852,000, or $0.46 per diluted share, for the quarter ended June 30, 2020. This represents a decrease compared to the $53,854,000, or $0.67 per diluted share, for the quarter ended June 30, 2019.

Washington Federal reported quarterly earnings of $0.49 per diluted share for the quarter ended March 31, 2020. The company produced $1.2 billion in new loan originations, and total deposits increased to a record $12.1 billion.

Washington Federal announced quarterly earnings of $65,703,000, or $0.84 per diluted share. The quarter benefited from two non-recurring items that generated net positive pre-tax income of $25.7 million.