WaFd, Inc. Reports Q1 EPS of 79 Cents, Beating Estimates by 3 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: NASDAQ.COM
- Earnings Beat: WaFd, Inc. reported Q1 earnings per share of 79 cents, exceeding the Zacks consensus estimate of 76 cents, reflecting a significant year-over-year increase of 46% and demonstrating enhanced profitability.
- Net Income Growth: The quarterly net income available to common shareholders was $60.5 million, up 38.8% from the prior year and surpassing the estimate of $57.3 million, indicating effective revenue generation and cost management.
- Surge in Non-Interest Income: Total non-interest income reached $20.3 million, a 29% year-over-year increase driven by higher other income and increased deposit fees, showcasing the effectiveness of diversified revenue streams.
- Asset Quality Challenges: While total customer deposits remained nearly flat at $21.42 billion, the ratio of non-performing assets rose to 0.75%, highlighting the pressures on asset quality in the current economic climate.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on WAFD
Wall Street analysts forecast WAFD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WAFD is 31.50 USD with a low forecast of 30.00 USD and a high forecast of 33.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 31.950
Low
30.00
Averages
31.50
High
33.50
Current: 31.950
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 Bank Upgrades CRA Rating to 'Satisfactory'
- Rating Upgrade: WaFd Bank successfully appealed on January 16, 2026, elevating its CRA rating from 'Needs to Improve' to 'Satisfactory', which is expected to enhance the bank's market image and customer trust.
- Regulatory Feedback: CEO Brent Beardall expressed gratitude for the FDIC's independent review process, which allowed the bank to effectively communicate its contributions to community development lending, thereby strengthening its relationship with regulators.
- Asset Scale: As of December 31, 2025, WaFd Bank reported assets of $27.3 billion, deposits of $21.4 billion, and shareholders' equity of $3.0 billion, indicating a robust position in the market.
- Historical Background: Established in 1917, WaFd Bank has a 109-year history and operates across multiple states including Washington and Oregon, committed to meeting community credit needs and fostering local economic development.
Continue Reading
WaFd Bank Upgrades CRA Rating to Satisfactory Following FDIC Appeal
- Rating Upgrade: On January 16, 2026, WaFd Bank successfully appealed to elevate its CRA rating from 'Needs to Improve' to 'Satisfactory', which is expected to enhance its reputation and competitiveness in community lending.
- Regulatory Feedback: CEO Brent Beardall emphasized that the independent review process allowed them to effectively voice their concerns regarding the FDIC rating, indicating that the bank's contributions to community development lending were not adequately recognized.
- Asset Scale: As of December 31, 2025, WaFd Bank reported assets of $27.3 billion, deposits of $21.4 billion, and shareholders' equity of $3.0 billion, reflecting its robust financial foundation and market position.
- Historical Legacy: Established in 1917, WaFd Bank has been in operation for 109 years and will continue to focus on meeting the credit needs of its communities while avoiding the restrictions associated with a 'Needs to Improve' rating.
Continue Reading