WaFd Bank Q2 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 hours ago
0mins
Should l Buy WAFD?
Source: seekingalpha
- Strong Earnings Performance: WaFd Bank reported a Q2 GAAP EPS of $0.82, beating expectations by $0.07, indicating a sustained enhancement in profitability and reflecting robust financial management and market adaptability.
- 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.
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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: 32.480
Low
30.00
Averages
31.50
High
33.50
Current: 32.480
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.
WaFd, Inc. Reports Strong Q2 Earnings with Increased Loan Growth
- 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
WaFd Bank Q2 Earnings Exceed Expectations
- Strong Earnings Performance: WaFd Bank reported a Q2 GAAP EPS of $0.82, beating expectations by $0.07, indicating a sustained enhancement in profitability and reflecting robust financial management and market adaptability.
- 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
WaFd Bank Becomes Official Partner of Network of Giving
- 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
WaFd Bank Appoints Erin Hill to Board of Directors
- New Board Member: WaFd Bank has appointed Erin Hill to its Board of Directors, bringing over 30 years of executive experience in financial services, corporate governance, and risk management, which will provide new perspectives and momentum for the company.
- 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.
See More
WaFd Bank Appoints Erin Hill to Board of Directors
- New Board Member: WaFd Bank has appointed Erin Hill to its Board of Directors, bringing over 30 years of executive leadership experience in financial services, corporate governance, and risk management, which is expected to significantly support the bank's strategic priorities.
- Rich Industry Background: Hill previously served as Chief Administrative Officer at BNY Mellon, overseeing the safeguarding of over $40 trillion in assets globally, and held multiple executive roles at JP Morgan, showcasing her deep expertise in the financial sector.
- Educational and Professional Credentials: Hill holds a Juris Doctor from Columbia University School of Law, an MBA from Columbia Business School, and a BS in Accounting from Fordham University, and is a Certified Public Accountant, demonstrating her strong professional qualifications.
- Community Engagement and Values: Hill stated that WaFd Bank's commitment to its customers and communities resonates with her personal values, and her addition to the board is anticipated to bring new perspectives and momentum to the bank's ongoing evolution and growth.
See More
WaFd, Inc. Declares $0.27 Cash Dividend and Increases Share Repurchase Authorization
- Cash Dividend Announcement: WaFd, Inc. has declared a cash dividend of $0.27 per share, payable on February 27, 2026, to common shareholders of record as of February 13, 2026, marking the company's 172nd consecutive quarterly dividend, which underscores its stable cash flow and commitment to shareholder returns.
- Increased Repurchase Authorization: The Board has increased the number of shares authorized for repurchase by 4.5 million, bringing the total authorized amount to 10 million shares, reflecting the company's confidence in its stock value and aiming to enhance earnings per share.
- Share Repurchase History: Over the past seven quarters, the company has repurchased 5.8 million shares at a weighted average price of $29.45, representing 7% of the shares outstanding as of March 31, 2024, demonstrating an active strategy in capital management.
- Asset and Deposit Overview: As of December 31, 2025, WaFd, Inc. operated 208 branches with total assets of $27.3 billion, total deposits of $21.4 billion, and shareholders' equity of $3.0 billion, indicating a solid market position and growth potential for the company.
See More
WaFd, Inc. Reports Strong Q2 Earnings with Increased Loan Growth
- 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
WaFd Bank Q2 Earnings Exceed Expectations
- Strong Earnings Performance: WaFd Bank reported a Q2 GAAP EPS of $0.82, beating expectations by $0.07, indicating a sustained enhancement in profitability and reflecting robust financial management and market adaptability.
- 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
WaFd Bank Becomes Official Partner of Network of Giving
- 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
WaFd Bank Appoints Erin Hill to Board of Directors
- New Board Member: WaFd Bank has appointed Erin Hill to its Board of Directors, bringing over 30 years of executive experience in financial services, corporate governance, and risk management, which will provide new perspectives and momentum for the company.
- 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.
See More
WaFd Bank Appoints Erin Hill to Board of Directors
- New Board Member: WaFd Bank has appointed Erin Hill to its Board of Directors, bringing over 30 years of executive leadership experience in financial services, corporate governance, and risk management, which is expected to significantly support the bank's strategic priorities.
- Rich Industry Background: Hill previously served as Chief Administrative Officer at BNY Mellon, overseeing the safeguarding of over $40 trillion in assets globally, and held multiple executive roles at JP Morgan, showcasing her deep expertise in the financial sector.
- Educational and Professional Credentials: Hill holds a Juris Doctor from Columbia University School of Law, an MBA from Columbia Business School, and a BS in Accounting from Fordham University, and is a Certified Public Accountant, demonstrating her strong professional qualifications.
- Community Engagement and Values: Hill stated that WaFd Bank's commitment to its customers and communities resonates with her personal values, and her addition to the board is anticipated to bring new perspectives and momentum to the bank's ongoing evolution and growth.
See More
WaFd, Inc. Declares $0.27 Cash Dividend and Increases Share Repurchase Authorization
- Cash Dividend Announcement: WaFd, Inc. has declared a cash dividend of $0.27 per share, payable on February 27, 2026, to common shareholders of record as of February 13, 2026, marking the company's 172nd consecutive quarterly dividend, which underscores its stable cash flow and commitment to shareholder returns.
- Increased Repurchase Authorization: The Board has increased the number of shares authorized for repurchase by 4.5 million, bringing the total authorized amount to 10 million shares, reflecting the company's confidence in its stock value and aiming to enhance earnings per share.
- Share Repurchase History: Over the past seven quarters, the company has repurchased 5.8 million shares at a weighted average price of $29.45, representing 7% of the shares outstanding as of March 31, 2024, demonstrating an active strategy in capital management.
- Asset and Deposit Overview: As of December 31, 2025, WaFd, Inc. operated 208 branches with total assets of $27.3 billion, total deposits of $21.4 billion, and shareholders' equity of $3.0 billion, indicating a solid market position and growth potential for the company.
See More
