WAFD Misses on Q1 Earnings, Exits Single-Family Mortgage Lending

Shares of WaFd, Inc. (WAFD) lost 3.4% in after-hours trading in response to lower-than-expected first-quarter fiscal 2025 (ended Dec. 31) results. Adjusted earnings of 62 cents per share lagged the Zacks Consensus Estimate of 69 cents. Also, the bottom line declined 26.2% year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.Results were adversely impacted by a rise in non-interest expenses. However, higher net interest income (NII) and non-interest income (driven by the acquisi ...