WaFd (WAFD) Misses Q1 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
0mins
Source: NASDAQ.COM
Earnings Performance: WaFd (WAFD) reported quarterly earnings of $0.62 per share, missing estimates and down from $0.85 a year ago, with revenues also falling short of expectations at $171.13 million.
Market Outlook: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on upcoming earnings estimate revisions, currently holding a Zacks Rank #3 (Hold).
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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: 37.070
Low
30.00
Averages
31.50
High
33.50
Current: 37.070
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, WaFd Bank. WaFd Bank is a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the 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. Announces Regular Cash Dividend
- Dividend Announcement: WaFd, Inc. declared a regular cash dividend of 27 cents per share, scheduled for payment on June 5, 2026, to shareholders of record as of May 22, 2026, marking the company's 173rd consecutive quarterly dividend, which underscores its stable financial performance and commitment to shareholders.
- Asset and Deposit Overview: As of March 31, 2026, WaFd, Inc. operated 208 branches with total assets of $27.6 billion, total deposits of $21.1 billion, and shareholders' equity of $3.0 billion, reflecting the company's robust position and growth potential in the market.
- Banking Operations Profile: WaFd Bank, a federally insured commercial bank chartered in Washington state, offers a diverse range of financial products including consumer and commercial deposit accounts, financing for small to middle-market businesses, and commercial and residential real estate loans, enhancing its competitive edge in the industry.
- Forward-Looking Statements: The company noted that all statements regarding future performance are forward-looking and based on current business circumstances, emphasizing that while it believes these assumptions are reasonable, actual outcomes may differ materially, thus advising investors to consider associated risks.
See More
WaFd, Inc. Reports Significant Loan Growth in Q2 2026
- Loan Portfolio Growth: WaFd, Inc. achieved a 12% linked-quarter increase in its loan portfolio for Q2 2026, with gross active loans rising by 20%, indicating significant progress in loan production and enhancing its competitive position in the market.
- Profitability Improvement: The company reported net income of $61.9 million or $0.82 per diluted share, driven by a modest increase in net interest income and controlled expenses, while repurchasing 2.7 million shares during the quarter, showcasing strong capital management capabilities.
- 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
See More
WaFd (WAFD) Q2 2026 Earnings Call Transcript
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, Inc. Announces Regular Cash Dividend
- Dividend Announcement: WaFd, Inc. declared a regular cash dividend of 27 cents per share, scheduled for payment on June 5, 2026, to shareholders of record as of May 22, 2026, marking the company's 173rd consecutive quarterly dividend, which underscores its stable financial performance and commitment to shareholders.
- Asset and Deposit Overview: As of March 31, 2026, WaFd, Inc. operated 208 branches with total assets of $27.6 billion, total deposits of $21.1 billion, and shareholders' equity of $3.0 billion, reflecting the company's robust position and growth potential in the market.
- Banking Operations Profile: WaFd Bank, a federally insured commercial bank chartered in Washington state, offers a diverse range of financial products including consumer and commercial deposit accounts, financing for small to middle-market businesses, and commercial and residential real estate loans, enhancing its competitive edge in the industry.
- Forward-Looking Statements: The company noted that all statements regarding future performance are forward-looking and based on current business circumstances, emphasizing that while it believes these assumptions are reasonable, actual outcomes may differ materially, thus advising investors to consider associated risks.
See More
WaFd, Inc. Reports Significant Loan Growth in Q2 2026
- Loan Portfolio Growth: WaFd, Inc. achieved a 12% linked-quarter increase in its loan portfolio for Q2 2026, with gross active loans rising by 20%, indicating significant progress in loan production and enhancing its competitive position in the market.
- Profitability Improvement: The company reported net income of $61.9 million or $0.82 per diluted share, driven by a modest increase in net interest income and controlled expenses, while repurchasing 2.7 million shares during the quarter, showcasing strong capital management capabilities.
- 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
See More
WaFd (WAFD) Q2 2026 Earnings Call Transcript
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
