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WaFd (WAFD) Moves to Buy: Rationale Behind the Upgrade
ZACKS· 2024-09-17 17:01
WaFd (WAFD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing e ...
WAFD's Strategic Initiatives Aid Amid Weak Asset Quality
ZACKS· 2024-08-09 14:36
WaFd Inc. (WAFD) remains well-positioned for growth driven by higher rates, strategic acquisitions, balance sheet restructuring initiatives and decent loan demand. However, a rising expense base and weakening asset quality remain concerns. WaFd remains focused on its organic growth strategy. The company's revenues reflected a 7.5% compound annual growth rate (CAGR) over the last five fiscal years (2018-2023). This was primarily driven by a rise in net loan balances, which witnessed an 8.8% CAGR over the sam ...
WaFd Bank(WAFD) - 2024 Q3 - Quarterly Results
2024-07-17 20:00
WaFd, Inc. Fact Sheet June 30, 2024 ($ in Thousands) Exhibit 99.2 WaFd, Inc. Fact Sheet June 30, 2024 ($ in Thousands) 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-------|----------------------|----------|-------|----------------------|----------|-------|----------------------|----------| | Loans by State | | As of 12/23 \nAMOUNT | \n% | | As of 03/24 \nAMOUNT | \n% | | As of 06/24 \nAMOUNT | % | | Washington | $ | 5,476,536 | 30.8 % | $ | 5,770,917 | 27.5 % | $ | 5,771 ...
WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal
ZACKS· 2024-07-17 15:45
WaFd, Inc.'s (WAFD) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially. The results reflected a rise in net interest income (NII) and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise in expenses and a slight decline in the deposit balance acted as spoilsports. The total adjusted other income of $16. ...
Compared to Estimates, WaFd (WAFD) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-07-17 00:00
For the quarter ended June 2024, WaFd (WAFD) reported revenue of $194.44 million, up 6.6% over the same period last year. EPS came in at $0.76, compared to $0.89 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how WaFd performed in the just reported quarter in terms of the metrics most w ...
WaFd (WAFD) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-16 23:15
Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 28.81%. A quarter ago, it was expected that this holding company for Washington Federal Savings Bank would post earnings of $0.31 per ...
WaFd Bank(WAFD) - 2024 Q2 - Quarterly Report
2024-05-03 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34654 WAFD, INC. (Exact name of registrant as specified in its charter) | Washington | | | 91-1661606 | | --- | --- | --- | --- ...
WaFd Bank(WAFD) - 2024 Q2 - Quarterly Results
2024-04-23 18:43
WaFd, Inc. Fact Sheet March 31, 2024 ($ in Thousands) As of 09/23 As of 12/23 As of 03/24 Allowance for Credit Losses (ACL) - Total $ 201,707 $ 201,820 $ 225,077 ACL - Loans 177,207 179,320 201,577 ACL - Unfunded Commitments 24,500 22,500 23,500 Total ACL as a % of Gross Loans 1.03 % 1.04 % 1.00 % 09/23 QTR 09/23 YTD 12/23 QTR 12/23 YTD 03/24 QTR 03/24 YTD Loan Originations - Total $ 748,793 $ 4,702,156 $ 871,446 $ 871,446 $ 825,733 $ 1,697,179 Multi-Family 8,965 136,788 10,408 10,408 39,802 50,210 Commerci ...
WaFd Bank(WAFD) - 2024 Q1 - Quarterly Report
2024-01-31 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34654 WAFD, INC. (Exact name of registrant as specified in its charter) | Washington | | | 91-1661606 | | --- | --- | --- | - ...
WaFd Bank(WAFD) - 2023 Q4 - Annual Report
2023-11-17 22:01
United States Securities and Exchange Commission Washington, D.C. 20549 ____________________________________________________________ FORM 10-K ____________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34654 ______________ ...