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Dec 31, 2021
WaFd Q1 2022 Earnings Report
Announced quarterly earnings with an increase in net loan growth and solid deposit growth.
Key Takeaways
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.
Quarterly earnings increased by 29% year-over-year, reaching $50.28 million.
Net loan growth was robust, increasing by $759 million or 5.5% for the quarter.
Total customer deposits increased by $360 million, with checking accounts making up 44% of deposits.
Net interest income increased by 11.30% compared to the same quarter last year.
WaFd
WaFd
Forward Guidance
The company did not provide specific forward guidance in the earnings report. The focus was on the positive results of the current quarter and strategic initiatives.