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 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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KBRA Initiates Ratings for WaFd
Today, Kroll Bond Rating Agency ("KBRA") issued a press release assigning ratings to WaFd, Inc. (NASDAQ:WAFD) (the "Company"), and Washington Federal Bank ("WaFd Bank"), its bank subsidiary. KBRA has assigned 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 WaFd, Inc. In addition, KBRA assigned deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to WaFd Bank. The Outlook for all long-term ratings is stable. KBRA believes WaFd's credit risks remain lower than average as its residential mortgage and multifamily port
8/22/24 5:15:00 PM ET
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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
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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
Major Banks
Finance
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
$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 September 6, 2024, to common shareholders of record as of August 23, 2024. This will be the Company's 166th 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 rea
8/13/24 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 SEC Filings

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

WaFd Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

WaFd Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

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WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results

KBRA Assigns Ratings to WaFd, Inc.

KBRA Initiates Ratings for WaFd

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 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)

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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

$WAFD Leadership Updates

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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

$WAFD Insider Trading

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

EVP & Chief Credit Officer Mauer Ryan sold $404,364 worth of shares (12,132 units at $33.33), decreasing direct ownership by 11% to 100,376 units (SEC Form 4)

EVP & Chief Consumer Banker Cooper Cathy E sold $243,938 worth of shares (7,500 units at $32.52), decreasing direct ownership by 9% to 74,250 units (SEC Form 4)

EVP & Chief Consumer Banker Cooper Cathy E covered exercise/tax liability with 7,528 shares, decreasing direct ownership by 8% to 81,750 units (SEC Form 4)

$WAFD Financials

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WaFd Inc. Announces Fourth Quarter and Fiscal 2024 Results

KBRA Assigns Ratings to WaFd, Inc.

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

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