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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.
Quarterly earnings were $38,951,000, or $0.51 per diluted share.
Total assets reached $19.1 billion as of December 31, 2020.
Loan originations were strong at $1.92 billion for the quarter, a 40% increase year-over-year.
Net interest margin was 2.75%.
The company looks forward to assisting small businesses with the Paycheck Protection Program’s (“PPP”) second round of funding in the next few weeks.
Visualization of income flow from segment revenue to net income