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WaFd, Inc. (symbol: WAFD) is a well-established financial institution that has been serving communities since its founding in 1917. Originally founded as Ballard Savings and Loan Association in a fishing and lumber community just north of Seattle, Washington, WaFd has grown significantly over the past century. The company now operates in eight western states, including Washington, Arizona, Idaho, Nevada, Oregon, Texas, Utah, and New Mexico, providing an array of banking services tailored to meet the needs of both individuals and businesses.
WaFd offers a variety of personal banking services, such as checking and savings accounts, retirement accounts, and home loans. For businesses, WaFd provides comprehensive banking solutions including corporate real estate financing. The company's strong emphasis on personalized service ensures that customers receive the attention and expert advice they need, avoiding the impersonal approach often associated with larger banks.
WaFd’s disciplined and common-sense approach to banking has stood the test of time, making it one of the strongest financial institutions in America. The company prides itself on its century-long commitment to providing friendly and professional service without the hassle of phone trees or other modern inconveniences.
In recent years, WaFd has made significant strides in expanding its services and footprint. The bank's latest projects and partnerships are geared towards enhancing its offerings and reaching more customers. Financially, WaFd remains robust, continuing to deliver strong performance metrics and maintaining a healthy balance sheet.
Whether you are a consumer looking for reliable personal banking services, a business seeking comprehensive financial solutions, or an investor tracking the company's performance, WaFd, Inc. demonstrates a strong commitment to customer satisfaction and financial stability.
Washington Federal, Inc. (Nasdaq: WAFD) announced a quarterly cash dividend of 23 cents per share, to be paid on May 21, 2021. This marks the company's 153rd consecutive quarterly dividend. As of March 31, 2021, the bank reported $19.5 billion in assets, $14.8 billion in deposits, and $2.3 billion in shareholders’ equity. The bank operates 232 branches across several states, focusing on consumer and commercial financial services.
Washington Federal reported quarterly earnings of $44.87 million for the quarter ending March 31, 2021, a 23% increase from $36.38 million the previous year. Net income per diluted share rose 19% to $0.56. The bank grew loans outstanding by 9%, totaling $1.1 billion, with a 60% increase in loan originations. Total deposits surged 22.6% to $14.8 billion. The bank also issued $300 million in preferred stock and recorded net recoveries of $2.5 million, reflecting strong asset quality. Return on equity improved to 8.17%.
Washington Federal (NASDAQ: WAFD) announced the completion of its modified Dutch auction tender offer to buy up to $290 million of its common stock. The offer, which concluded on March 9, 2021, accepted a total of 1,715,335 shares at $31.00 per share, totaling approximately $53.2 million. This repurchase represents about 2.26% of the outstanding shares. The company may consider further stock purchases in the future based on market conditions and financial performance. Goldman Sachs acted as the dealer manager for this tender offer.
Washington Federal (NASDAQ: WAFD) announced preliminary results from its modified Dutch auction tender offer to buy back up to $290 million of its common stock. The tender offer expired on March 9, 2021, with approximately 1.7 million shares tendered at a price of $31.00 each, totaling about $53.2 million. This acquisition represents around 2.26% of the company's outstanding shares. The final number and purchase price are subject to confirmation. Future share repurchases may occur based on market conditions and company performance.
Washington Federal (NASDAQ: WAFD) has launched a modified Dutch auction tender offer to purchase up to $290 million of its common stock, with prices ranging from $26.50 to $31.00 per share. This offer represents an 11.75% premium over the recent 5-day Volume Weighted Average Price. If fully subscribed, the company could buy between 9.35 million and 10.94 million shares, equating to 12.3% to 14.4% of its outstanding stock. The tender offer expires on March 9, 2021, and shareholders are encouraged to review the offer documents for detailed information.
Washington Federal, Inc. (NASDAQ: WAFD) has priced a public offering of 12,000,000 depositary shares, representing a 1/40th ownership interest in its 4.875% fixed-rate non-cumulative perpetual preferred stock, Series A. The aggregate offering price is $300,000,000, with expected net proceeds of approximately $293,560,000 after expenses. The offering is set to close on February 8, 2021. Proceeds will support general corporate purposes, potentially including common stock repurchases.
The Board of Directors of Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 23 cents per share, marking a $0.01 increase from the previous quarter. This dividend will be distributed on February 19, 2021, to stockholders of record as of February 5, 2021. This payment will be the company's 152nd consecutive quarterly cash dividend.
Washington Federal operates 234 branches across several states and reported $19.1 billion in assets as of December 31, 2020.
Washington Federal, Inc. (WAFD) reported Q1 2021 earnings of $38.9 million or $0.51 per diluted share, a 41% decrease from $0.86 per share a year prior. Return on equity also declined to 7.65% from 13.46%. Total assets increased to $19.1 billion, with a 2.8% rise in customer deposits to $14.2 billion. Loan originations surged 40% year-over-year to $1.92 billion. However, non-performing assets increased to 0.35% of total assets. The company declared a cash dividend of $0.22 per share, marking its 151st consecutive quarterly dividend.
Washington Federal, Inc. (Nasdaq: WAFD) has announced a regular quarterly cash dividend of 22 cents per share, set to be paid on November 20, 2020, to common stockholders of record as of November 6, 2020. This marks the company's 151st consecutive quarterly cash dividend. As of September 30, 2020, Washington Federal reported total assets of $18.8 billion, with $13.8 billion in deposits and $2.0 billion in stockholders’ equity.
Washington Federal, Inc. (Nasdaq: WAFD) reported annual earnings of $173.4 million and diluted earnings per share of $2.26 for the fiscal year ended September 30, 2020, a 13.4% decrease from $210.3 million or $2.61 per share in the prior year. The return on equity fell to 8.63% from 10.46%. Despite challenges from the COVID-19 pandemic, the bank achieved record loan production of $6.2 billion, a 51% increase, and transaction deposits rose $2.7 billion, or 38%. However, the bank's credit loss allowance increased to $192 million, reflecting economic uncertainties.
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