WaFd (WAFD) Q1 Non-GAAP EPS of $0.75 Misses by $0.01 with Revenue of $191.37M Up 11.7% YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy WAFD?
Source: seekingalpha
- Performance Overview: WaFd reported a Q1 Non-GAAP EPS of $0.75, missing expectations by $0.01, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $191.37 million, reflecting an 11.7% year-over-year increase, although it fell short of analyst expectations, suggesting some growth potential in a competitive market.
- Market Reaction: Due to the earnings miss, investors may adopt a cautious stance towards WaFd's future performance, potentially leading to short-term stock price volatility.
- Financial Health: Despite revenue growth, the failure to meet market expectations may prompt further scrutiny of the company's financial health, impacting its future financing capabilities.
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Analyst Views on WAFD
Wall Street analysts forecast WAFD stock price to fall
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 35.240
Low
30.00
Averages
31.50
High
33.50
Current: 35.240
Low
30.00
Averages
31.50
High
33.50
About WAFD
WaFd, Inc. is a bank holding company that conducts its primary business through its subsidiary, Washington Federal Bank. Washington Federal Bank, a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the Bank), is engaged in providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. The Bank's business consists primarily of accepting deposits from the public and investing these funds in loans of various types, including first-lien mortgages on single-family dwellings, construction loans, loans on multifamily, commercial real estate and other income-producing properties, home equity loans and business loans. The Bank invests in certain United States government and agency obligations and other investments. The Bank has approximately 208 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Credit Trend Improvement: Nonperforming assets decreased to $132 million or 0.48% of total assets, down from 0.75% at the end of last year, reflecting effective strategies in risk management and borrower engagement.
- Strategic Plan Advancement: WaFd's
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- Net Income Growth: WaFd Bank reported net income of $65.5 million for Q2 2026, marking a 17% increase from $56.3 million in Q2 2025, demonstrating the company's resilience and profitability amid economic uncertainties.
- Significant Loan Growth: Active loan segments grew at an annualized rate of 12%, reaching $20 billion, reflecting the company's competitive position and strong customer demand in the market.
- Improved Asset Quality: Non-performing assets decreased to 0.48% of total assets from 0.75% in the previous quarter, indicating effective risk management and improvements in credit quality.
- Share Buyback Program: The company repurchased 2.738 million shares during the quarter at a price below 1.1 times tangible book value, showcasing confidence in its stock and commitment to shareholder returns.
See More
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- Significant Revenue Growth: The bank's revenue reached $197.3 million in Q2, marking a 9.7% year-over-year increase and surpassing market expectations by $6.83 million, demonstrating effective expansion in customer base and market share, which boosts confidence in future growth.
- Attractive Preferred Shares: With a yield of 7.3%, WaFd's preferred shares appeal to income-seeking investors, further solidifying its position among income investors and showcasing flexibility in its capital structure.
- Positive Market Ratings: According to Seeking Alpha's Quant Rating, WaFd Bank's stock is considered attractive, despite cautious market sentiment regarding its valuation, providing potential investment opportunities and reflecting market confidence in its future performance.
See More
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- Strategic Partnership: WaFd Bank has partnered with the Network of Giving as its official banking partner across the U.S., aiming to enhance the integration of digital commerce with community impact and social responsibility.
- Integration of Technology and Finance: This collaboration combines the patented technology of the Network of Giving with WaFd Bank's financial infrastructure, enabling secure collection, settlement, and distribution of merchant contributions through everyday digital transactions, thereby strengthening support for nonprofits.
- Innovation in Micro-Contributions: Consumers can link any bank's credit and debit cards to automatically trigger merchant-funded micro-contributions when shopping locally, which incur no cost to consumers and ensure transparency and accountability, further promoting sustainable community development.
- National Expansion Potential: WaFd Bank's involvement lays the groundwork for the Network of Giving platform's nationwide rollout, with expectations to support more nonprofits across additional states and communities, enhancing local business and social impact.
See More
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- Rich Professional Background: Currently the Executive Director of the Financial Accounting Foundation, Hill previously served as Chief Administrative Officer at BNY Mellon, safeguarding over $40 trillion in assets globally, showcasing her deep expertise in the financial sector.
- Leadership Experience: At JP Morgan, Hill led over 50,000 bankers and financial advisors across more than 5,500 branches, demonstrating her exceptional capabilities in managing large teams and corporate governance, which is expected to support WaFd's strategic priorities.
- Education and Certification: Hill holds a Juris Doctor from Columbia University, an MBA, and a BS in Accounting from Fordham University, and is a Certified Public Accountant, enhancing the company's governance and financial management capabilities with her board membership.
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