WaFd Bank(US:WAFD)2026-01-16 16:49Loan Originations - Multi-Family loan originations for Q4 2025 reached $131,805, while total originations for the year-to-date (YTD) were $131,805[2] - Commercial & Industrial loan originations for Q4 2025 were $502,134, with YTD originations totaling $1,667,064[2] - The weighted average rate on originations decreased to 5.99% in Q4 2025 from 6.87% in Q3 2025[2] Loan Portfolio - Net Loans as of December 31, 2025, amounted to $20,277,164, a slight increase from $20,088,618 as of September 30, 2025[4] - Single-Family Residential loans accounted for 38.5% of the total loan portfolio as of June 30, 2025, decreasing to 37.2% by December 31, 2025[4] - Total loans receivable reached $21,367,832 as of June 30, 2025, with a slight decline to $21,037,080 by December 31, 2025[4] Loan Performance - Non-performing assets increased to $203,396 as of December 25, 2025, up from $143,022 as of September 25, 2025[6] - Non-accrual loans as a percentage of total net loans rose to 0.96% as of December 25, 2025, compared to 0.64% as of September 25, 2025[6] - The delinquency rate for total loans was 0.83% as of December 31, 2025, with $214,390 in delinquent loans[17] Financial Metrics - Efficiency ratio improved to 55.25% for the quarter ending December 25, 2025, down from 58.92% for the previous quarter[8] - Tangible common shareholders' book value per share increased to $29.91 as of December 25, 2025, from $29.38 as of September 25, 2025[8] - Total net charge-offs for the quarter ending December 25, 2025, were $3,681, representing a charge-off rate of 0.07%[6] Deposits - Total deposits as of December 31, 2025, amounted to $21,416,970,000, with a slight decrease from $21,437,636,000 as of September 30, 2025[10] - Non-interest checking deposits increased to $2,692,680,000, representing 12.6% of total deposits, up from 12.0% in September 2025[10] - Time deposits decreased to $8,550,996,000, accounting for 39.8% of total deposits, down from 42.6% in September 2025[10] Interest Income and Rates - The net interest income (NII) change after a 100 bps shock is projected to decrease by 0.2% as of December 31, 2025[13] - Net interest income for the quarter ended December 31, 2025, was $171,110, reflecting a net interest margin of 2.70%[15] - The average interest rate on mortgage-backed securities increased to 4.23% by December 31, 2025[15] Company Operations - The company repurchased 1,950,013 shares at an average price of $29.75 during the year[8] - The number of employees remained stable at approximately 1,980 as of December 25, 2025[8] - The company plans to continue expanding its market presence and developing new products in the upcoming quarters[15] Asset Management - The company reported a total asset balance of $25,689,689,000, with loans comprising 48% of total assets[14] - Total assets as of December 31, 2025, were $26,852,389, with a slight increase from $26,540,782 in the previous quarter[15] - The company maintained a cash balance of $734,915,000, representing 100% of its cash assets[14]