Core Insights - WaFd reported revenue of $171.13 million for the quarter ended December 2024, reflecting a year-over-year increase of 2.8% but falling short of the Zacks Consensus Estimate of $192.97 million, resulting in a surprise of -11.32% [1] - The company's EPS was $0.62, down from $0.85 in the same quarter last year, with an EPS surprise of -10.14% against a consensus estimate of $0.69 [1] Financial Performance Metrics - Total Non-performing Assets stood at $68.79 million, significantly lower than the average estimate of $84.09 million from two analysts [4] - The average balance of Total interest-earning assets was $25.80 billion, below the average estimate of $26.39 billion [4] - The Efficiency Ratio was reported at 65%, higher than the average estimate of 58.3% [4] - Net Interest Margin was 2.4%, compared to the estimated 2.6% [4] - Total Non-accrual loans were $61.27 million, lower than the average estimate of $76.21 million [4] - Total noninterest income was $15.70 million, below the average estimate of $16.84 million [4] - Net Interest Income was reported at $155.43 million, compared to the average estimate of $174.45 million [4] Stock Performance - Over the past month, WaFd's shares returned -1%, slightly outperforming the Zacks S&P 500 composite's -1.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

分组1 - WaFd reported quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.69 per share, and down from $0.85 per share a year ago, representing an earnings surprise of -10.14% [1] - The company posted revenues of $171.13 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 11.32%, compared to year-ago revenues of $166.4 million [2] - Over the last four quarters, WaFd has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The current consensus EPS estimate for the coming quarter is $0.67 on revenues of $192.96 million, and for the current fiscal year, it is $2.82 on revenues of $795.83 million [7] - The Zacks Industry Rank for Banks - West is currently in the top 35% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - WaFd shares have lost about 0.5% since the beginning of the year, while the S&P 500 has gained 1.2% [3]

United States Securities and Exchange Commission Washington, D.C. 20549 ____________________________________________________________ FORM 10-K ____________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34654 ______________ ...

Core Viewpoint - WaFd (NASDAQ: WAFD) is a large regional bank with a significant presence in the western United States, noted for its attractive yield on preferred shares [1] Group 1: Company Overview - WaFd operates primarily in the western United States and has been highlighted for its preferred shares, which have shown a rally due to favorable market expectations [1] Group 2: Investment Focus - The analysis emphasizes income investing strategies, including common shares, preferred shares, and bonds, indicating a targeted approach to generating returns [1]

Loan Originations - Total Loan Originations for Q3 2024 reached $962,393,000, a decrease of 1.1% compared to Q2 2024's $972,500,000[1] - Year-to-date Loan Originations for 2024 stand at $3,632,072,000, reflecting a 36.5% increase from $2,669,679,000 in the same period of 2023[1] - Commercial & Industrial Loan Originations for Q3 2024 were $431,498,000, a decrease from $456,351,000 in Q2 2024[1] Credit Losses - The Allowance for Credit Losses (ACL) for loans as of September 2024 is $225,253,000, slightly down from $225,324,000 in June 2024[1] - The total Allowance for Credit Losses as a percentage of Gross Loans was 1.01% as of September 2024, slightly up from 1.00% in June 2024[1] - Non-accrual loans as a percentage of total net loans increased from 0.29% in June 2024 to 0.33% in September 2024[4] - Non-performing assets rose from $68,361 in March 2024 to $77,418 in September 2024, an increase of 13.5%[4] Operational Efficiency - The Efficiency Ratio improved to 57.21% in Q3 2024, compared to 63.87% in Q2 2024, indicating enhanced operational efficiency[1] Shareholder Value - Average share repurchase price in Q3 2024 was $34.82, up from $26.63 in Q2 2024, reflecting a strategic increase in share buybacks[1] - The total number of shares repurchased in Q3 2024 was 7,174, compared to 357,303 in Q2 2024, showing a significant increase in repurchase activity[1] - The company has 1,853,453 shares remaining authorized for repurchase, indicating ongoing commitment to shareholder value[1] Asset and Loan Portfolio - Tangible Common Book Value increased from $2,206,084 in June 2024 to $2,251,875 in September 2024, representing a growth of 2.1%[2] - Total loans receivable amounted to $22,598,153 in March 2024, slightly decreasing to $22,359,396 by September 2024, a decline of 1.1%[2] - The net loan portfolio for Single-Family Residential increased from $8,146,045 in June 2024 to $8,239,778 in September 2024, a growth of 1.1%[2] - Loans in process increased from $1,094,956 in June 2024 to $1,303,978 in September 2024, a growth of 19.0%[2] - The total amount of loans by state remained stable, with Washington holding $5,771,729, accounting for 27.3% of total loans in September 2024[3] Deposits - Total deposits as of September 30, 2024, reached $21,373,970, an increase from $21,184,765 as of June 30, 2024, representing a growth of 0.89%[8] - Non-interest checking deposits accounted for 11.7% of total deposits, while time deposits represented 44.7% as of September 30, 2024[8] - Uninsured and non-collateralized deposits increased to $5,436,402, representing 25.5% of total deposits as of September 30, 2024[8] Interest Rates and Income - The average interest rate on loans receivable was 5.78% for the quarter ended September 30, 2024, compared to 5.76% for the previous quarter[12] - The total interest-earning assets amounted to $26,236,297 with an average interest rate of 5.67% as of September 30, 2024[12] - The company reported a net interest income of $374,097 for the quarter ended September 30, 2024[12] - Net interest income for the year reached $660,832 thousand, with a net interest margin of 2.13%[14] Liabilities and Equity - Total liabilities increased to $23,485,277 thousand from $19,435,110 thousand, representing a growth of 20.5%[14] - Shareholders' equity grew to $2,757,109 thousand, up from $2,376,462 thousand, indicating an increase of 16%[14] Delinquency Rates - As of September 30, 2024, the total amount of loans was $21,120,107, with a delinquency rate of 0.69% based on the number of loans[16] - The Multi-Family loan segment had 1,938 loans with an average size of $2,351, totaling $4,556,200, and a delinquency rate of 0.41%[16] - The Single-Family Residential loans accounted for 22,141 loans with a total amount of $8,280,300, showing a delinquency rate of 0.45%[16] - The Commercial Real Estate segment had 1,295 loans totaling $3,732,155, with a delinquency rate of 0.31%[16] - The Construction loan segment reported 406 loans with a total amount of $1,424,016, reflecting a delinquency rate of 0.99%[16] - The HELOC segment had 4,400 loans totaling $269,857, with a delinquency rate of 0.57%[16] - The Consumer loan segment reported 7,677 loans with a total amount of $74,055, resulting in a delinquency rate of 1.64%[16] - The total delinquent amount across all loan types was $53,338, which is 0.25% based on the dollar amount[16] - The Construction - Custom loans had 364 loans with a total amount of $182,415, showing a delinquency rate of 0.55%[16] - The Land - Acquisition & Development loans had 81 loans totaling $160,317, with a delinquency rate of 2.47%[16]

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

WaFd, Inc.'s (WAFD) fourth-quarter fiscal 2024 (ended Sept. 30) earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 68 cents. Also, the bottom line declined 1.4% year over year. See the Zacks Earnings Calendar to stay ahead of market-making news. The results reflected a rise in net interest income (NII) and non-interest income, driven by the acquisition of Luther Burbank Corporation ("LBC") In February. This supported WAFD's top line. Higher loan balances and nil provisions were other p ...

For the quarter ended September 2024, WaFd (WAFD) reported revenue of $188.69 million, up 6% over the same period last year. EPS came in at $0.70, compared to $0.72 in the year-ago quarter. The reported revenue represents a surprise of -0.91% over the Zacks Consensus Estimate of $190.43 million. With the consensus EPS estimate being $0.68, the EPS surprise was +2.94%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

WaFd (WAFD) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this holding company for Washington Federal Savings Bank would post earnings of $0.59 per share when it actually produced earnings of $0.76, delivering a surprise of 28.81%. Over the ...

The market expects WaFd (WAFD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss ...