Washington Federal Q2 Adj EPS $0.73 Beats $0.60 Estimate, Sales $171.99M Beat $151.64M Estimate

4/23/24 12:59:03 AM ET

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Washington Federal (NASDAQ:WAFD) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.60 by 21.67 percent. This is a 13.1 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $171.99 million which beat the analyst consensus estimate of $151.64 million by 13.42 percent. This is a 7.09 percent decrease over sales of $185.11 million the same period last year.

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Recent Analyst Ratings for
$WAFD

Date	Price Target	Rating	Analyst
10/21/2024	$40.00	Outperform → Mkt Perform	Keefe Bruyette
12/8/2023	$32.00	Equal-Weight	Stephens
3/15/2022	$43.00	Neutral → Buy	DA Davidson

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WaFd, Inc. Announces Cash Dividend of 26 Cents Per Share
Today, the Board of Directors of WaFd, Inc. (NASDAQ:WAFD) (the "Company"), announced a regular cash dividend of 26 cents per share. The dividend will be paid December 6, 2024, to common shareholders of record as of November 22, 2024. This will be the Company's 167th consecutive quarterly cash dividend. WaFd, Inc. is the parent company of Washington Federal Bank, a federally insured Washington state chartered commercial bank dba WaFd Bank that operates branches in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. Established in 1917, the bank provides consumer and commercial deposit accounts, financing for small- to middle-market businesses, commercial re
11/12/24 5:00:00 PM ET
$WAFD
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WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results
2024 Highlights Net Income was $200 million or $2.50 per diluted share for fiscal 2024 compared to $257 million or $3.72 per diluted share for 2023. The year included the acquisition of California-based Luther Burbank Corporation which added $7.7 billion in assets and resulted in acquisition-related expenses of $26 million. The Company completed the sales of $2.8 billion in multifamily loans and $0.4 billion in single family loans obtained in the acquisition. Loans receivable increased $3.4 billion, or 19.7%, during 2024. Deposits increased $5.3 billion or 33.0% during 2024. During the year, the Company repurchased 1,070,207 shares of common stock at a weighted average price of
10/17/24 5:00:00 PM ET
$WAFD
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KBRA Assigns Ratings to WaFd, Inc.
KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, a preferred shares rating of BBB-, and a short-term debt rating of K2 to Seattle, Washington-based WaFd, Inc. (NASDAQ:WAFD) ("the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, Washington Federal Bank ("WaFd Bank" or "the bank"). The Outlook for all long-term ratings is Stable. The ratings are supported by WAFD's consistently favorable operating results over a long period of time; performance that has benefitted from its high quality and long-tenured managemen
8/22/24 5:34:00 PM ET
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WaFd Bank Partners with the Network of Giving to Fund Non-Profits in Washington
Today, WaFd, Inc. (NASDAQ:WAFD) (the "Company"), and Washington Federal Bank ("WaFd Bank"), its bank subsidiary announces that it will be the official banking partner for the purpose-driven digital commerce platform, the Network of Giving, launched initially in the Seattle market. This will fuel merchant-funded micro-donations to critical community service agencies to support our neighbors in need. The Network of Giving is designed to empower people to foster giving through everyday actions and works as a low-barrier means to support cause-related initiatives, creating efficiencies in digital fundraising. "Impacting small, local businesses that are the backbone of our community, the Net
11/21/24 2:53:00 PM ET
$WAFD
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WaFd, Inc. Announces Cash Dividend of 26 Cents Per Share
Today, the Board of Directors of WaFd, Inc. (NASDAQ:WAFD) (the "Company"), announced a regular cash dividend of 26 cents per share. The dividend will be paid December 6, 2024, to common shareholders of record as of November 22, 2024. This will be the Company's 167th consecutive quarterly cash dividend. WaFd, Inc. is the parent company of Washington Federal Bank, a federally insured Washington state chartered commercial bank dba WaFd Bank that operates branches in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. Established in 1917, the bank provides consumer and commercial deposit accounts, financing for small- to middle-market businesses, commercial re
11/12/24 5:00:00 PM ET
$WAFD
Major Banks
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WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results
2024 Highlights Net Income was $200 million or $2.50 per diluted share for fiscal 2024 compared to $257 million or $3.72 per diluted share for 2023. The year included the acquisition of California-based Luther Burbank Corporation which added $7.7 billion in assets and resulted in acquisition-related expenses of $26 million. The Company completed the sales of $2.8 billion in multifamily loans and $0.4 billion in single family loans obtained in the acquisition. Loans receivable increased $3.4 billion, or 19.7%, during 2024. Deposits increased $5.3 billion or 33.0% during 2024. During the year, the Company repurchased 1,070,207 shares of common stock at a weighted average price of
10/17/24 5:00:00 PM ET
$WAFD
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WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
SEATTLE, Jan. 30, 2024 (GLOBE NEWSWIRE) -- WaFd, Inc. (NASDAQ:WAFD), the parent company of Washington Federal Bank ("WaFd Bank"), and Luther Burbank Corporation (NASDAQ:LBC, "Luther Burbank"))), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, Inc., on the terms and subject to the conditions of the Agreement and Plan of
1/30/24 5:00:38 PM ET
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WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
WaFd, Inc. (NASDAQ:WAFD), the parent company of Washington Federal Bank ("WaFd Bank"), and Luther Burbank Corporation (NASDAQ:LBC, "Luther Burbank"))), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, Inc., on the terms and subject to the conditions of the Agreement and Plan of Reorganization, dated as of November 13, 202
1/30/24 5:00:00 PM ET
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Washington Federal Announces Board Succession Plans
Washington Federal, Inc. (NASDAQ:WAFD) (the "Company"), parent company of Washington Federal Bank, National Association ("WaFd Bank") today announced its board succession planning and the expected timeframes. Two directors, Chair Thomas Kelley and Dr. Barbara Smith, will not be nominated for re-election to the board in January 2022, consistent with the Company's director retirement policy. In anticipation of this transition, the board is pleased to announce that Director Stephen Graham will be appointed Chairman of the Board following the January 2022 annual meeting. Chairman Kelley commented, "We are very pleased with the direction of WaFd Bank and believe that Mr. Graham is uniquely qual
7/1/21 5:00:00 PM ET
$WAFD
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Washington Federal Q2 Adj EPS $0.73 Beats $0.60 Estimate, Sales $171.99M Beat $151.64M Estimate

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Recent Analyst Ratings for $WAFD

$WAFD Financials

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WaFd, Inc. Announces Cash Dividend of 26 Cents Per Share

WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results

KBRA Assigns Ratings to WaFd, Inc.

$WAFD Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP & Chief Operations Officer Robison Kim E was granted 16,965 shares, increasing direct ownership by 15% to 127,901 units (SEC Form 4)

EVP & Chief Credit Officer Mauer Ryan was granted 16,965 shares, increasing direct ownership by 17% to 117,341 units (SEC Form 4)

EVP & CFO Holz Kelli was granted 16,965 shares, increasing direct ownership by 20% to 103,846 units (SEC Form 4)

$WAFD SEC Filings

SEC Form 10-K filed by WaFd Inc.

WaFd Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

WaFd Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$WAFD Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by WaFd Inc.

Amendment: SEC Form SC 13G/A filed by WaFd Inc.

SEC Form SC 13G/A filed by WaFd Inc. (Amendment)

WaFd Bank Partners with the Network of Giving to Fund Non-Profits in Washington

WaFd, Inc. Announces Cash Dividend of 26 Cents Per Share

WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

Washington Federal Announces Board Succession Plans

Stephens & Co. Maintains Equal-Weight on WaFd, Raises Price Target to $36

WaFd Q3 EPS $0.75 Beats $0.57 Estimate

Piper Sandler Maintains Neutral on WaFd, Raises Price Target to $31

$WAFD Analyst Ratings

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WaFd, Inc. downgraded by Keefe Bruyette with a new price target

Stephens initiated coverage on WaFd, Inc. with a new price target

Wash. Federal upgraded by DA Davidson with a new price target

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