WaFd Bank(WAFD)

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Are You Looking for a Top Momentum Pick? Why WaFd (WAFD) is a Great Choice
ZACKS· 2024-09-17 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
WaFd (WAFD) Moves to Buy: Rationale Behind the Upgrade
ZACKS· 2024-09-17 17:01
WaFd (WAFD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing e ...
WAFD's Strategic Initiatives Aid Amid Weak Asset Quality
ZACKS· 2024-08-09 14:36
WaFd Inc. (WAFD) remains well-positioned for growth driven by higher rates, strategic acquisitions, balance sheet restructuring initiatives and decent loan demand. However, a rising expense base and weakening asset quality remain concerns. WaFd remains focused on its organic growth strategy. The company's revenues reflected a 7.5% compound annual growth rate (CAGR) over the last five fiscal years (2018-2023). This was primarily driven by a rise in net loan balances, which witnessed an 8.8% CAGR over the sam ...
WaFd Bank(WAFD) - 2024 Q3 - Quarterly Report
2024-08-02 19:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 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 WAFD, INC. (Exact name of registrant as specified in its charter) Washington 91-1661606 (State or other jurisdiction of inc ...
WaFd Bank(WAFD) - 2024 Q3 - Quarterly Results
2024-07-17 20:00
WaFd, Inc. Fact Sheet June 30, 2024 ($ in Thousands) Exhibit 99.2 WaFd, Inc. Fact Sheet June 30, 2024 ($ in Thousands) 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-------|----------------------|----------|-------|----------------------|----------|-------|----------------------|----------| | Loans by State | | As of 12/23 \nAMOUNT | \n% | | As of 03/24 \nAMOUNT | \n% | | As of 06/24 \nAMOUNT | % | | Washington | $ | 5,476,536 | 30.8 % | $ | 5,770,917 | 27.5 % | $ | 5,771 ...
WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal
ZACKS· 2024-07-17 15:45
WaFd, Inc.'s (WAFD) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially. The results reflected a rise in net interest income (NII) and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise in expenses and a slight decline in the deposit balance acted as spoilsports. The total adjusted other income of $16. ...
Compared to Estimates, WaFd (WAFD) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-07-17 00:00
For the quarter ended June 2024, WaFd (WAFD) reported revenue of $194.44 million, up 6.6% over the same period last year. EPS came in at $0.76, compared to $0.89 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how WaFd performed in the just reported quarter in terms of the metrics most w ...
WaFd (WAFD) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-07-16 23:15
Over the last four quarters, the company has surpassed consensus EPS estimates three times. WaFd (WAFD) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 28.81%. A quarter ago, it was expected that this holding company for Washington Federal Savings Bank would post earnings of $0.31 per ...
WaFd Bank(WAFD) - 2024 Q2 - Quarterly Report
2024-05-03 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34654 WAFD, INC. (Exact name of registrant as specified in its charter) | Washington | | | 91-1661606 | | --- | --- | --- | --- ...
WaFd Bank(WAFD) - 2024 Q2 - Quarterly Results
2024-04-23 18:43
WaFd, Inc. Fact Sheet March 31, 2024 ($ in Thousands) As of 09/23 As of 12/23 As of 03/24 Allowance for Credit Losses (ACL) - Total $ 201,707 $ 201,820 $ 225,077 ACL - Loans 177,207 179,320 201,577 ACL - Unfunded Commitments 24,500 22,500 23,500 Total ACL as a % of Gross Loans 1.03 % 1.04 % 1.00 % 09/23 QTR 09/23 YTD 12/23 QTR 12/23 YTD 03/24 QTR 03/24 YTD Loan Originations - Total $ 748,793 $ 4,702,156 $ 871,446 $ 871,446 $ 825,733 $ 1,697,179 Multi-Family 8,965 136,788 10,408 10,408 39,802 50,210 Commerci ...