WaFd Bank-WaFd (WAFD) Reports Q1 Earnings: What Key Metrics Have to Say

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]