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Wafd Inc   (WAFD)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $27.4900 $0.25 0.918%
Day's High: $27.49 Week Perf: 1.36 %
Day's Low: $ 26.61 30 Day Perf: -5.34 %
Volume (M): 404 52 Wk High: $ 35.67
Volume (M$): $ 11,103 52 Wk Avg: $28.31
Open: $27.03 52 Wk Low: $23.36



 Market Capitalization (Millions $) 1,768
 Shares Outstanding (Millions) 64
 Employees 1,838
 Revenues (TTM) (Millions $) 673
 Net Income (TTM) (Millions $) 236
 Cash Flow (TTM) (Millions $) 499
 Capital Exp. (TTM) (Millions $) 23

Wafd Inc

Washington Federal, Inc., formed in November 1994, is a Washington corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (“Bank”). As used throughout this document, the terms “Washington Federal” or the “Company” refer to Washington Federal, Inc. and its consolidated subsidiaries and the term "Bank" refers to the operating subsidiary Washington Federal, National Association.

The Bank is a national bank that began operations in Washington as a state-chartered mutual company in 1917. In 1935, the Company converted to a federal charter and became a member of the Federal Home Loan Bank (“FHLB”) system. On November 9, 1982, Washington Federal converted from a federal mutual to a federal capital stock savings association. On July 17, 2013, the Bank converted from a federal savings association to a national bank charter with the Office of the Comptroller of the Currency (the "OCC") and is now a national bank; at the same time, Washington Federal, which had previously been a savings and loan holding company, became a bank holding company under the Bank Holding Company Act (the "BHCA").


The business of the Bank consists primarily of attracting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans. It also invests in certain United States government and agency obligations and other investments permitted by applicable laws and regulations. Washington Federal has 247 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. Through its subsidiaries, the Company is also engaged in real estate investment and insurance brokerage activities.

The principal sources of funds for the Companys activities are retained earnings, loan repayments (including prepayments), net deposit inflows, repayments and sales of investments and borrowings. Washington Federals principal sources of revenue are interest on loans and interest and dividends on investments. Its principal expenses are interest paid on deposits, credit costs, general and administrative expenses, interest on borrowings and income taxes.

The Bank has general authority to lend anywhere in the United States; however, its primary lending areas are within the states of Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. Loan originations come from a number of sources. Residential loan originations result from referrals from real estate brokers, walk-in customers, purchasers of property in connection with builder projects that are financed by the Bank, mortgage brokers and refinancings for existing customers. Business purpose loans are obtained primarily by direct solicitation of borrowers and ongoing relationships.

The Bank also purchases loans and mortgage-backed securities when lending rates and mortgage volume for new loan originations in its market area do not fulfill its needs. SFR loan originations, over the past few years were lower than historical levels due to the low interest rate environment and excessive government participation in the mortgage market. However, as can be seen in the table below, that trend has turned around in the last couple of years.

Interest rates charged by the Bank on mortgage loans are primarily determined by the competitive loan rates offered in its lending areas and in the secondary market. Mortgage loan rates reflect factors such as general interest rates, the supply of money available to the industry and the demand for such loans. These factors are in turn affected by general economic conditions, the regulatory programs and policies of federal and state agencies, changes in tax laws and governmental budgetary programs and Federal Reserve monetary policy.


The Bank receives fees for originating loans in addition to various fees and charges related to existing loans, including prepayment charges, late charges and assumption fees. In making one-to-four- family home mortgage loans, the Bank normally charges an origination fee and as part of the loan application, the borrower pays the Bank for out-of-pocket costs, such as the appraisal fee, whether or not the borrower closes the loan. The interest rate charged is normally the prevailing rate at the time the loan application is approved and accepted. In the case of construction loans, the Bank normally charges an origination fee. Loan origination fees and other terms of multi-family residential loans are individually negotiated.



   Company Address: 425 Pike Street Seattle 98101 WA
   Company Phone Number: 624-7930   Stock Exchange / Ticker: NASDAQ WAFD
   


Customers Net Income fell by WAFD's Customers Net Profit Margin fell to

-4.35 %

11.18 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BANR        2.69% 
RVSB   -4.35%    
• View Complete Report
   



Wafd Inc

WAFD Inc. Overcomes Obstacles and Thrives in Challenging First Quarter of 2024!

The recent financial results of Wafd Inc indicate a troubling trend that should give investors cause for concern. In the October to December 31, 2023 period, the company reported a significant decline in both top-line and bottom-line figures. Earnings per share dropped by a staggering 26.72% compared to the previous year, while revenue saw a decline of 14.367% year on year. Revenue for the three-month period amounted to $166.40 million, down from $194.32 million, and earnings per share stood at $0.85, a decrease from $1.16 in the same period a year prior.
Looking at the preceding three months, there was a slight improvement with earnings per share growing by 18.18% from $0.72 per share and revenue advancing by 9.815% from $151.53 million. However, these improvements were not enough to offset the significant decline in the October to December period.

Merger and Acquisition

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation, Expanding Its Footprint in Western States.

Published Tue, Jan 30 2024 10:01 PM UTC

WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank, and Luther Burbank Corporation (NASDAQ: LBC, Luther Burbank), the parent company of Luther Burbank Savings, have been granted the necessary regulatory approvals for Luther Burbank Savings to merge with and into Washington Federal Bank. Additionally, the Board of Governors of the Federal Reserve System ...

Wafd Inc

Commercial Banks' Revenue Remains Soft Throughout Latest Fiscal Period: An Alarming Revelation

Wafd Inc, a leading financial institution in the commercial banking sector, recently disclosed its financial results for the period of July to September 30, 2023. Unfortunately, the company experienced a decline in both the top and bottom lines, with net profit per share dropping by 32.52% and revenue by 18.794% compared to the previous year.
During this period, Wafd Inc reported revenues of $151.53 million, a significant decrease from $186.60 million in the corresponding period of 2022. Additionally, the earnings per share (EPS) declined to $0.72 from $1.07 in the fiscal period ending September 30, 2022.

Washington Federal Inc

Amidst 2023's Q3, Washington Federal Inc. Records Suboptimal 3.382% Uptick Despite Elevation in Revenue


Introduction
Washington Federal Inc, a commercial banks company, recently reported declining earnings per share (EPS) despite an increase in revenue. Although the company has shown improvements in certain areas, these results indicate potential weaknesses that could impact its future performance and investor sentiment. This bearish article will delve into the financial data and market factors to provide a comprehensive analysis of Washington Federal Inc's current situation.
Declining Earnings and Revenue Growth
In the most recent fiscal period, Washington Federal Inc witnessed a 2.2% decrease in EPS, falling to $0.89 per share. Although revenue increased by 3.382% to $173.47 million compared to the previous year, the company failed to achieve business gains on par with the broader Commercial Banks industry, lagging behind by 16.18% relative to Q3 of 2022. In the preceding reporting season, the company reported revenue of $181.61 million and an EPS of $0.95 per share.

Washington Federal Inc

Washington Federal Inc's Revenue and Earnings Skyrocket, Making Investors Jump for Joy

Investors, rejoice! Washington Federal Inc (WAFD) has reported impressive results in the most recent fiscal period, showcasing some exceptional numbers that are bound to grab your attention. With an increase of 20.075% in revenue, reaching a staggering $181.61 million, and a 35.71% increase in profit per share, amounting to $0.95 per share, year on year, this is a clear indication that the company is moving in the right direction.
Even though there was a slight dip in profits in the q2 of 2022, it was a minor setback as the company bounced back in the fiscal second quarter of 2023. An astounding bottom-line of $65.934 million marked an impressive 33.58% increase from net earnings of $49.359 million a year ago, which is a testament to how well the company is performing.






 

Wafd Inc's Segments
 
 
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