WAFD Stock Recent News
WAFD LATEST HEADLINES
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.
WAFD remains well-poised for growth on higher rates, strategic restructuring and expansion moves, and a solid balance sheet. However, rising expenses and worsening asset quality remain woes.
The LBC acquisition drives revenues and loan balance, which, along with lower provisions, aid WAFD's fiscal Q3 earnings.
The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended June 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 $0.76 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.89 per share a year ago.
WAFD is well-poised for growth amid high rates, decent loan demand and LBC acquisition. However, a rising expense base and worsening asset quality remain major challenges.
Brent Beardall, WaFd Bank CEO, joins 'Power Lunch' to discuss the state of regional banks being downgraded by Moody's, and the headwinds in the sector.