WaFd (NASDAQ:WAFD) Releases Quarterly Earnings Results

WaFd (NASDAQ:WAFD) issued its quarterly earnings results on Friday. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01, reports. The company had revenue of $220.44 million for the quarter, compared to analyst estimates of $203.66 million. WaFd had a return on equity of 9.36% and a net margin of 18.04%.

Here are the key takeaways from WaFd’s conference call:

• Fiscal 2026 earnings improved: EPS rose 22% year over year to $3.21, while full-year net income reached $241.2 million, WaFd’s second-best annual result.
• Active loan production increased 56.6% year over year to $5.5 billion, and core deposits rose to 81.8% of total deposits. Management also expects modest net interest margin expansion as assets reprice faster than liabilities.
• Quarterly results were pressured by $39.2 million of net charge-offs, including a significant loss on a private-equity-owned manufacturer, lifting the quarterly provision for credit losses to $20 million. Management said the loss was unusual, although credit metrics improved overall.
• The EverBank merger remains on track to close in the first quarter of calendar 2027, pending shareholder and regulatory approvals. Management projects approximately 29% EPS accretion after full cost savings and believes the combination will improve scale, technology investment, deposit flexibility, and exposure diversification.
• Loan sales reduced receivables by roughly $1 billion, with another $429 million of multifamily loans expected to be sold in December; management acknowledged the need to offset the resulting net interest income pressure through reinvestment or other balance-sheet actions.

WaFd Stock Performance

Shares of NASDAQ WAFD opened at $29.15 on Monday. The stock has a 50 day moving average price of $33.50 and a 200 day moving average price of $35.02. WaFd has a 52 week low of $26.31 and a 52 week high of $39.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $2.16 billion, a PE ratio of 9.08 and a beta of 0.89.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, August 21st. WaFd’s dividend payout ratio is presently 33.64%.

Analysts Set New Price Targets

WAFD has been the topic of a number of research reports. Zacks Research raised shares of WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. DA Davidson reduced their target price on shares of WaFd from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Piper Sandler decreased their target price on shares of WaFd from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of WaFd from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.25.

WaFd News Roundup

Here are the key news stories impacting WaFd this week:

• Positive Sentiment: WaFd reported fiscal 2026 net income of $256 million and diluted EPS of $3.21, representing a 22% increase in EPS from the prior year. Fourth-quarter revenue also exceeded analyst expectations, supporting the case for continued earnings momentum. WaFd Announces Fiscal 2026 Earnings and 22% Increase in EPS
• Positive Sentiment: Analysts highlighted quarterly EPS of $0.85, slightly above the $0.84 consensus estimate and up from $0.72 a year earlier. Reported revenue of approximately $220.4 million also surpassed expectations near $203.7 million. WaFd Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: WaFd sold $543 million of single-family residential loans during the quarter, helping manage balance-sheet exposure and generate liquidity. Full-year credit loss rates were a relatively low 22 basis points despite one borrower default. WaFd: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management’s earnings call focused on business growth and the company’s merger, which could create longer-term strategic benefits but introduces integration and execution risks for investors. Washington Federal Earnings Call Highlights Growth and Merger
• Negative Sentiment: Quarterly EPS figures vary by report: the company’s release cited diluted EPS of $0.76, while third-party earnings reports cited $0.85. This discrepancy may create uncertainty about the underlying quarter and contribute to cautious trading. WaFd Fiscal 2026 Earnings Announcement

About WaFd

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.