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The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.
WaFd (WAFD) reported earnings 30 days ago. What's next for the stock?
A decline in NII and higher provisions hurt WaFd, Inc.'s (WAFD) fiscal Q4 earnings. Lower expenses and a marginal rise in loan balance offer some support.
The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Washington Federal shares have been largely flat in the two years since I initially covered the bank, with that mainly coming as a result of recent turbulence in the industry. The bank faces the same headwinds as peers. Funding costs are up, net interest income is down, and asset quality is bound to deteriorate to some degree from here. As a result, and near-term uncertainty notwithstanding, these shares now look much cheaper than they did a couple of years ago.
While the top- and bottom-line numbers for Washington Federal (WAFD) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Increase in expenses and higher provisions hurt Washington Federal's (WAFD) fiscal Q3 earnings. A rise in NII, a decent rise in loan balance and higher rates offer some support.
While the top- and bottom-line numbers for Washington Federal (WAFD) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Washington Federal (WAFD) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.91 per share a year ago.
Washington Federal (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.