WAFD Stock Recent News

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.

Although the revenue and EPS for WaFd (WAFD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

WaFd (WAFD) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.85 per share a year ago.

SEATTLE--(BUSINESS WIRE)---- $wafd #banking--WaFd, Inc. (Nasdaq: WAFD):  Q1 Highlights $47 Million     $0.54     0.69%     6.42% Net Income     Diluted Earnings per Common Share     Return on Average Assets     Return on Average Common Equity     Net Interest Income and NIM $155 million net interest income for the quarter compared to $173 million in Q4 FY24. Net interest margin at 2.39% for the quarter compared to 2.62% for Q4 FY24.   Credit Quality Non-performing assets at 0.3% of total assets - similar to prior.

The acquisition of LBC leads to higher NII and non-interest income and a rise in loan balance. These, along with nil provisions, aid WAFD's fiscal Q4 earnings.

The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended September 2024, 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 $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.72 per share a year ago.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd, Inc. (Nasdaq: WAFD) (the "Company"), parent company of Washington Federal Bank ("WaFd Bank" or the "Bank"), today announced annual earnings of $200,041,000 for the fiscal year ended September 30, 2024, including the effects of the acquisition of California-based Luther Burbank Corporation ("LBC"). After the effect of dividends on preferred stock, net income available for common shareholders was $2.50 per share for the year. These results reflect acquisition relat.

WaFd (WAFD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kroll Bond Rating initiates ratings for WaFd with a stable outlook. This reflects a well-managed portfolio with low risk and better performance than its peers.