WaFd's Preferred Stock, Series A Shares Cross 7% Yield Mark
Dividend Performance: WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A (WAFDP) is down approximately 2.4% in trading, while the common shares (WAFD) have decreased by about 1.2%.
Market Insights: The article includes a dividend history chart for WAFDP and mentions that the views expressed do not necessarily reflect those of Nasdaq, Inc.
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- Cash Dividend Announcement: WaFd, Inc. 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 strong cash flow and commitment to shareholder returns.
- Share Repurchase Plan Expansion: The Board increased the number of shares authorized for repurchase by 4.5 million, raising the total to 10 million shares, reflecting the company's confidence in its stock value and aiming to enhance earnings per share by reducing the number of shares outstanding.
- Share Repurchase Execution: Over the last seven quarters, the company has repurchased 5.8 million shares at an average price of $29.45, representing 7% of shares outstanding as of March 31, 2024, demonstrating an active approach to capital management and shareholder value enhancement.
- Asset and Deposit Status: 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 robust market position and ongoing growth potential.
- 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.

- Strategic Realignment: CEO Brent Beardall emphasized that the Build 2030 plan aims to increase noninterest-bearing deposits from the current 12.6% to 20%, enhancing the company's competitive position in business banking.
- Improved Financial Performance: CFO Kelli Holz reported net income of $60.5 million for the quarter ending December 2025, translating to $0.79 per share, reflecting improvements in both income and expenses compared to $0.72 per share in the previous quarter.
- Loan Origination Growth: The company achieved $1.1 billion in loan originations this quarter, with repayments totaling $1 billion, indicating a solid foundation for future growth despite the decrease in loans receivable.
- Share Repurchase Strategy: WaFd has repurchased 5.8 million shares over the past seven quarters at an average price of $29.45, demonstrating confidence in its value while creating shareholder value.
Stock Performance: WaFd Inc's 4.875% Non-Cumulative Preferred Stock (WAFDP) is up 1.1%, while the common shares (WAFD) have increased by 1.7% in Friday trading.
Dividend History: A chart detailing the historical dividend payments for WAFDP is provided, showcasing its performance over the past year.
Dividend Announcement: WaFd, Inc. has increased its quarterly cash dividend to 27 cents per share, which will be paid on March 7, 2025, marking the company's 168th consecutive quarterly dividend.
Company Overview: WaFd, Inc., the parent company of Washington Federal Bank, operates 210 branches across several states and reported significant financial figures as of December 31, 2024, including $27.7 billion in assets and $21.4 billion in deposits.
Dividend Performance: WaFd Inc's 4.875% Non-Cumulative Preferred Stock, Series A (WAFDP) is down approximately 2.4% in trading, while the common shares (WAFD) have decreased by about 1.2%.
Market Insights: The article includes a dividend history chart for WAFDP and mentions that the views expressed do not necessarily reflect those of Nasdaq, Inc.









