Welcome to our dedicated page for Washington Fed news (Ticker: WAFD), a resource for investors and traders seeking the latest updates and insights on Washington Fed stock.
Washington Federal (WAFD) delivers essential financial services through its network of branches across nine Western states, maintaining a century-long commitment to community-focused banking. This news hub provides investors and stakeholders with authoritative updates on the institution's strategic developments.
Access real-time press releases covering earnings reports, leadership changes, and regulatory filings alongside analysis of commercial lending trends and deposit service innovations. Our curated collection enables efficient tracking of dividend announcements, merger activity, and risk management practices central to WAFD's disciplined operations.
Key updates include quarterly financial disclosures, real estate financing initiatives, and insurance brokerage expansions. Bookmark this page for direct access to primary source materials from one of the West's most stable regional banking institutions, eliminating the need to monitor multiple news channels.
WaFd (WAFD) reported Q2 fiscal 2025 earnings of $56.25 million, representing a 19% increase from the previous quarter and a 254% increase year-over-year. The bank achieved diluted earnings per share of $0.65, up from $0.54 in Q1.
Key highlights include:
- Net interest income of $161 million with a net interest margin of 2.55%
- 20% increase in non-interest income driven by WaFd Insurance revenue
- Non-performing assets decreased to 0.26% of total assets
- 726,082 shares repurchased during the quarter
- Paid $0.27 per share quarterly dividend
The bank reported success in its business banking initiative with 382 new small business loans originated through branches and a 125% increase in merchant processing referrals quarter-over-quarter. WaFd Insurance showed 53% year-over-year profit growth.
WaFd Inc (Nasdaq: WAFD) has announced an increase in its quarterly cash dividend to 27 cents per share, payable on March 7, 2025, to shareholders of record as of February 21, 2025. This marks the company's 168th consecutive quarterly cash dividend.
The parent company of Washington Federal Bank operates 210 branches across nine states, including Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. As of December 31, 2024, the company reported $27.7 billion in assets, $21.4 billion in deposits, and $3.0 billion in shareholders' equity. The bank, established in 1917, provides consumer and commercial deposit accounts, business financing, real estate lending, and insurance products.
WaFd (WAFD) reported Q1 FY2025 earnings of $47.3 million, with diluted EPS of $0.54, marking a 23% decrease from the previous quarter's $61.1 million and a 19% decline from $58.5 million year-over-year. The quarter included $5.4 million in one-time restructuring charges.
Key financial metrics show net interest margin contracted to 2.39% from 2.62% in Q4 FY24, while net interest income decreased to $155 million from $173 million. Credit quality remained stable with non-performing assets at 0.3% of total assets.
The company announced a significant strategic shift, exiting the single-family mortgage lending market by June 2025, expecting annual savings of $17 million. This restructuring will result in an 8% workforce reduction. WaFd will focus on business banking and commercial real estate lending, while maintaining existing home loans and HELOCs.
WaFd Bank (Nasdaq: WAFD) announces its partnership as the official banking partner for the Network of Giving, a purpose-driven digital commerce platform launching in Seattle. The platform enables merchant-funded micro-donations to four designated nonprofits: United Way of King County, Special Olympics of Washington, Make-A-Wish Alaska and Washington, and Northwest Harvest. Users can link their existing credit and debit cards from any financial institution to participate. The system allows merchants to define donation amounts, with 100% of donations directed to the nonprofits at no additional cost to consumers.
WaFd announced a regular quarterly cash dividend of 26 cents per share, marking its 167th consecutive quarterly dividend payment. The dividend will be paid on December 6, 2024, to shareholders of record as of November 22, 2024. As of September 30, 2024, WaFd operates 210 branches across nine states and reported $28.1 billion in assets, $21.4 billion in deposits, and $3.0 billion in shareholders' equity. The company provides consumer and commercial banking services, including business financing, real estate lending, and insurance products.
WaFd Inc. announced annual earnings of $200 million for fiscal year 2024, with net income available for common shareholders at $2.50 per share. The year included the acquisition of Luther Burbank , adding $7.7 billion in assets and resulting in $26 million in acquisition-related expenses. Key highlights:
- Loans receivable increased 19.7% to $20.9 billion
- Deposits grew 33.0% to $21.4 billion
- Total assets reached $28.1 billion, up 24.9%
- The company repurchased 1,070,207 shares at an average price of $25.29
- Paid $1.03 in cash dividends during the year
Credit quality remained stable with non-performing assets at 0.3% of total assets. The net interest margin decreased to 2.69% from 3.40% the previous year due to higher interest expense growth.
KBRA has assigned ratings to WaFd, Inc. (NASDAQ: WAFD) and its main subsidiary, Washington Federal Bank. The company received a BBB+ senior unsecured debt rating, while the bank received an A- deposit and senior unsecured debt rating. The Outlook for all long-term ratings is Stable.
The ratings are supported by WAFD's consistently favorable operating results, conservative credit culture, and high-quality management team. Despite recent industry-wide credit quality normalization, WAFD maintains minimal problem loans and below-peer levels of criticized and classified loans. The company has taken steps to reduce its investor CRE concentration, selling $2.8 billion of multifamily loans in 1Q24.
WAFD's liquidity position is strong, with $2.5 billion in cash (9% of assets) as of 2Q24. The company's deposit base is stable and granular, with uninsured/uncollateralized deposits at just 26% of total. Despite margin pressures, WAFD's profitability remains solid, with a core ROA just under 0.9% for 2Q24.
KBRA has assigned ratings to WaFd, Inc. (WAFD) and its bank subsidiary, Washington Federal Bank. The ratings include a BBB+ senior unsecured debt rating, BBB subordinated debt rating, and BBB- preferred shares rating for WaFd, Inc. Washington Federal Bank received A- deposit and senior unsecured debt ratings and a BBB+ subordinated debt rating. All long-term ratings have a stable outlook.
KBRA believes WaFd's credit risks are lower than average, citing outperformance of its residential mortgage and multifamily portfolios. The company's exposure to the troubled office sector is at 4% of loans. CEO Brent Beardall expressed satisfaction with the ratings, viewing them as recognition of WaFd's strong financial foundation and sound risk management practices.
WaFd, Inc. (Nasdaq: WAFD) has announced a regular cash dividend of 26 cents per share, payable on September 6, 2024, to shareholders of record as of August 23, 2024. This marks the company's 166th consecutive quarterly cash dividend. WaFd, Inc. is the parent company of Washington Federal Bank, operating as WaFd Bank across nine states. As of June 30, 2024, the company reported:
- $28.6 billion in assets
- $21.2 billion in deposits
- $2.9 billion in shareholders' equity
- 210 branches in operation
The bank provides various financial services, including consumer and commercial deposit accounts, business financing, and real estate lending.
WaFd (Nasdaq: WAFD) announced quarterly earnings of $64.56 million for the quarter ended June 30, 2024, marking a 306% increase from the previous quarter and a 5% increase year-over-year. Earnings per share (EPS) stood at $0.75, up from $0.17 in the prior quarter but down 16% from $0.89 a year earlier. These results include $2.3 million in acquisition-related costs. Adjusted return on equity (ROE) was 9.4%, compared to 8.7% in the previous quarter and 11.1% a year ago. Revenue growth was driven by the integration of Luther Burbank , increased loan origination, and a substantial CRE loan sale.
WaFd also reported a 31.8% increase in customer deposits and a 154.2% rise in cash and cash equivalents. Net interest income grew by 5% year-over-year to $177 million, although net interest margin decreased from 3.27% to 2.56%. The company plans to launch new mobile and online banking apps to enhance customer experience.
