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Mar 31, 2022
WaFd Q2 2022 Earnings Report
Announced quarterly earnings with an increase compared to the same quarter last year.
Key Takeaways
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.
Quarterly earnings increased by 10.0% compared to the same quarter last year.
Net loans grew by $2 billion, or 16%, in the last year.
Customer deposits increased by $1.6 billion, or 11%, over the last year.
Net interest margin improved and credit quality continued to improve.
WaFd
WaFd
Forward Guidance
The Company is optimistic that it is well positioned to withstand potential market volatility and continue its organic growth.