WAFD Stock Recent News

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.

Brent Beardall, WaFd Bank president and CEO, joins 'Power Lunch' to discuss the bank's big shift in mortgage lending.

WAFD announces a 3.8% hike in its quarterly dividend to 27 cents per share. A decent liquidity and capital position will help sustain capital distributions.

SEATTLE--(BUSINESS WIRE)---- $WAFD #WaFd--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the “Company”), announced an increase to the regular quarterly cash dividend to 27 cents per share. The dividend will be paid March 7, 2025, to common shareholders of record as of February 21, 2025. This will be the Company's 168th 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 o.

Higher expenses hurt WaFd's fiscal Q1 earnings, partly offset by a rise in revenues and nil provisions. The company exits single-family mortgage lending.