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Jun 30, 2022
WaFd Q3 2022 Earnings Report
Reported quarterly earnings increase of 33.5% to $63,295,000.
Key Takeaways
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.
Quarterly earnings increased by 33.5% compared to the same quarter last year.
Net income available to common shareholders increased to $0.91 per diluted share, a 49.2% increase.
Net interest margin expanded from 2.82% to 3.22%, driving earnings growth.
Net loans outstanding increased by 15.6% since June 30, 2021.
WaFd
WaFd
Forward Guidance
The Company expects future volatility as the Federal Reserve attempts to restore price stability and believes WaFd Bank is well positioned as asset quality metrics remain very strong.