WAFD Stock Recent News

WaFd beats fiscal Q3 estimates on higher fee income and decline in costs, but weak lending and rising credit loss provisions weigh on it.

SEATTLE--(BUSINESS WIRE)---- $wafd #banking--WaFd, Inc. (Nasdaq: WAFD): Q3 Highlights   $62 Million   $0.73   0.92%   10.2% Net Income   Diluted Earnings per Common Share   Return on Average Assets   Return on Tangible Common Equity   "The third quarter delivered strong core earnings driven by improved margin and resultant net interest income. Our cost of funds in dollars decreased 6.5% on a linked quarter basis, benefiting from lower rates on deposits and reduced borrowings as we chose to shrink the balance shee.

WaFd (WAFD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the “Company”), announced a regular quarterly cash dividend of 27 cents per share. The dividend will be paid June 6, 2025, to common shareholders of record as of May 23, 2025. This will be the Company's 169th consecutive quarterly cash dividend. WaFd, Inc. is the parent company of Washington Federal Bank, a federally insured Washington state chartered commercial bank dba WaFd Bank that operates branches in Was.

Brent Beardall, WaFd Bank president, joins 'Power Lunch' to discuss loan demand, recession fears and the state of the banking customer.

WaFd's fiscal Q2 earnings beat estimates on the back of higher revenues and lower expenses. However, a decline in loan balance is a headwind.

The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

WaFd (WAFD) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.73 per share a year ago.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd, Inc. (Nasdaq: WAFD): Q2 Highlights   $56 Million   $0.65   0.82%   7.68% Net Income   Diluted Earnings per Common Share   Return on Average Assets   Return on Average Common Equity "In the second quarter of fiscal 2025 our margin bounced back, expenses declined, and bottom-line results improved for shareholders. We are enthusiastic about the shift toward business banking we implemented last quarter and are pleased to see early successes including 382 new small bu.

WaFd's preferred shares offer a 7.35% dividend yield, making them attractive for income investors despite recent value drops. The bank's net interest income has declined due to rising borrowing yields and falling asset yields, impacting profitability. The Luther Burbank merger improved WaFd's loan to deposit ratio, reducing dependence on costly external financing.