分组1 - WaFd reported quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.75 per share, and showing an increase from $0.70 per share a year ago, resulting in an earnings surprise of -4.00% [1] - The company posted revenues of $188.3 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.01%, and showing a slight decrease from year-ago revenues of $188.69 million [2] - Over the last four quarters, WaFd has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] 分组2 - WaFd shares have underperformed the market, losing about 10.4% since the beginning of the year, while the S&P 500 has gained 13.4% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.74 on revenues of $191.63 million, and for the current fiscal year, it is $3.02 on revenues of $768.55 million [7] 分组3 - The Zacks Industry Rank indicates that the Banks - West industry is currently in the bottom 30% of over 250 Zacks industries, which may negatively impact stock performance [8] - Coastal Financial Corporation, another company in the same industry, is expected to report quarterly earnings of $0.89 per share, reflecting a year-over-year change of -8.3%, with revenues expected to be $129 million, down 15.3% from the previous year [9]

Core Insights - WaFd, Inc. reported a net income of $226 million for the fiscal year, with diluted earnings per common share at $2.63, a return on average assets of 0.84%, and a return on tangible common equity of 9.20% [1] - In the fourth quarter, the company achieved a net income of $61 million, with diluted earnings per common share at $0.72, a return on average assets of 0.91%, and a return on tangible common equity of 9.99% [1] - The company indicated a positive trend for Fiscal 2025, highlighting an improving margin and significant growth [1]

Core Viewpoint - WaFd (WAFD) is expected to report quarterly earnings of $0.75 per share, a 7.1% increase year-over-year, with revenues projected at $190.22 million, reflecting a 0.8% increase compared to the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2] Key Metrics Forecast - Analysts predict 'Total Non-performing Assets' to be $98.38 million, up from $77.42 million a year ago [4] - The consensus for 'Average balance - Total interest-earning assets' is $25.07 billion, down from $26.24 billion year-over-year [4] - The 'Efficiency Ratio' is expected to be 55.5%, improved from 57.2% in the same quarter last year [5] - 'Total Non-accrual loans' are forecasted at $83.91 million, compared to $69.54 million in the same quarter of the previous year [5] - 'Total noninterest income' is estimated to reach $18.19 million, up from $15.88 million a year ago [6] - The consensus for 'Net Interest Income' stands at $172.05 million, slightly down from $172.81 million reported in the same quarter last year [6] Stock Performance - Over the past month, WaFd shares have declined by 8.5%, while the Zacks S&P 500 composite has increased by 0.4% [6] - WaFd holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [6]

Core Points - The Consumer Financial Protection Bureau (CFPB) has terminated consent orders against Washington Federal, indicating compliance with previous obligations [1][4] - The terminations relate to violations of the Home Mortgage Disclosure Act, with one order dating back to October 2013 and the other from 2020 [2][4] - Washington Federal paid a civil penalty of $200,000 in the 2020 case and $34,000 in the 2013 case, fulfilling several obligations under the orders [3][4] Summary by Category Compliance and Regulatory Actions - The CFPB ended compliance requirements for Washington Federal five years early in the 2020 case, which involved erroneous mortgage data [4] - The 2013 order required Washington Federal to pay a penalty for inaccurate mortgage transaction data reported for 2011 [4] Related Actions by CFPB - The CFPB also terminated consent orders against U.S. Bank and Apple, indicating a trend of early terminations of compliance requirements [5][7] - U.S. Bank was ordered to pay $20.7 million for freezing unemployment benefits during the COVID-19 pandemic, and the CFPB waived over three years of compliance requirements [5][6] - Apple faced a $25 million penalty for failing to send consumer disputes to Goldman Sachs, with the CFPB terminating the order more than four years early [7]

Core Viewpoint - Washington Federal Bank (WaFd) is launching a new registered investment advisor, WaFd Wealth, in Seattle to meet the growing demand for integrated financial planning and wealth management solutions [1][4]. Company Overview - WaFd is a publicly traded consumer bank with approximately 208 branches across nine Western states, including Washington, Oregon, Arizona, California, and Nevada. It is the second-largest bank headquartered in Seattle, with total assets of $26.7 billion [5]. Leadership and Team - WaFd has appointed John Chavez, a former Merrill Lynch executive with 30 years of experience, as CEO of the new RIA. Bobby Campbell, also from Merrill Lynch with 15 years of experience, is serving as president [2]. - Additional key hires include Shane Parris as chief operating and financial officer, Danny Law as director of relationship management, Belle Jimeno as director of client services, and Liz Parris as director of executive initiatives, all of whom have backgrounds from Merrill Lynch [3]. Services Offered - The new wealth management firm will provide a comprehensive range of financial planning and consulting services, including business planning, cash flow forecasting, trust and estate planning, financial reporting, investment consulting, insurance planning, retirement planning, risk management, charitable giving, distribution planning, tax planning, and education planning [4].

Brent Beardall, WaFd Bank president and CEO, joins 'The Exchange' to discuss if financial conditions are currently restrictive, the Federal Reserve's mandate and much more. ...

Group 1 - The main question regarding the Fed's rate decision is whether financial conditions are currently restrictive, particularly for smaller banks, and the implications of a 25 basis point cut compared to a 75 basis point cut [2][3] - A 25 basis point decrease in rates is expected to benefit all banks, especially regional banks, and improve conditions for clients [3][6] - There is skepticism about the timing of a rate cut given that stocks and real estate values are at all-time highs, inflation remains above the Fed's target, and unemployment is low [4][5] Group 2 - Loan demand is anticipated to increase regardless of the Fed's decision, but a 25 basis point cut could further stimulate economic demand by making it easier for borrowers to meet debt service coverage ratios [6] - Concerns about commercial real estate have not materialized as expected, and recent rate decreases have allowed borrowers to secure better rates than nine months ago [6][7] - The housing market is experiencing stagnation, with poor housing start numbers indicating a need for lower mortgage rates to stimulate activity [8][9] Group 3 - Current mortgage rates have decreased to approximately 6.4%, down from around 7% a few months ago, but there is a need to further reduce spreads between mortgage rates and the 10-year yield [11] - The housing cost issue is primarily supply-driven, and increasing housing supply could lead to lower housing costs [11][12] - The increase in mortgage rates has not led to a decrease in residential real estate values, which is contrary to typical market behavior [12]

Core Insights - WaFd, Inc. has been designated as a Preferred Lender with the U.S. Small Business Administration (SBA), which is a significant milestone for the company [1] - This designation allows WaFd Bank to provide faster and more efficient financing solutions to small businesses [1] - The SBA Preferred Lender Program grants select financial institutions increased authority to approve, close, and service SBA-guaranteed loans [1]

Group 1 - WaFd is a large regional bank operating in the western United States, having expanded through a merger with Luther Burbank [1] - The bank offers both common shares and preferred shares as part of its investment options [1] Group 2 - The article is focused on income investing strategies, including common shares, preferred shares, and bonds [1] - The author has a background in history, political science, and an MBA with a specialization in Finance and Economics [1]

Core Insights - WaFd (NASDAQ: WAFD) is a large regional bank operating in the western United States, experiencing growth due to a merger with Luther Burbank [1] - The bank provides both common and preferred shares, indicating a diversified investment offering [1] Company Overview - WaFd has expanded its market presence through strategic mergers, enhancing its operational capacity and customer base [1] - The bank's focus on income investing through various financial instruments, including common shares, preferred shares, and bonds, reflects its commitment to providing value to investors [1] Investment Focus - The article emphasizes the importance of income investing, suggesting that WaFd's offerings may appeal to investors seeking stable returns [1] - The author has a long position in WaFd's preferred shares, indicating confidence in the bank's financial performance and growth potential [2]