NASDAQ : WAFD
WaFd, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 29.35 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 2.17B
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Financial statements
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.06B | 1.06B | 1.12B | 1.17B | 900.07M | 601.59M |
| Interest Income on Investments | 251.31M | 251.31M | 219.51M | 205.86M | 142.89M | 64.77M |
| Total Interest Income | 1.32B | 1.32B | 1.34B | 1.37B | 1.04B | 666.36M |
| Interest Paid on Deposits | 515.21M | 515.21M | 604.71M | 532.43M | 237.23M | 43.04M |
| Interest Paid on Borrowings | 88.26M | 88.26M | 80.51M | 178.44M | 115.49M | 28.73M |
| Total Interest Expense | 603.48M | 603.48M | 685.21M | 710.88M | 352.72M | 71.77M |
| Net Interest Income | 712.37M | 712.37M | 654.24M | 660.83M | 690.23M | 594.59M |
| Gain (Loss) on Sale of Assets | 6.37M | 6.37M | ||||
| Gain (Loss) on Sale of Investments | -1.74M | -1.74M | 20.00K | 342.00K | 33.00K | 99.00K |
| Other Non-Interest Income | 49.36M | 49.36M | 41.58M | 32.84M | 26.12M | 40.33M |
| Total Non-Interest Income | 102.33M | 102.33M | 71.25M | 60.69M | 52.20M | 66.37M |
| Revenues Before Loan Losses | 814.70M | 814.70M | 725.48M | 721.52M | 742.43M | 660.96M |
| Provision for Loan Losses | 38.50M | 38.50M | 7.75M | 17.50M | 41.50M | 3.00M |
| Revenue | 776.20M | 776.20M | 717.73M | 704.02M | 700.93M | 657.96M |
| Salaries and Employee Benefits | 228.69M | 228.69M | 213.62M | 224.97M | 188.62M | 187.11M |
| Federal Deposit Insurance | 22.35M | 22.35M | 20.20M | 28.87M | 20.02M | 9.53M |
| Selling, General & Administrative | 111.69M | 111.69M | 113.56M | 104.52M | 98.94M | 96.51M |
| Other Non-Interest Expense | 84.67M | 84.67M | 80.08M | 59.51M | 68.45M | 65.43M |
| Total Non-Interest Expense | 448.67M | 448.67M | 428.09M | 417.57M | 375.86M | 357.92M |
| EBT Excluding Unusual Items | 327.54M | 327.54M | 289.64M | 286.46M | 325.08M | 300.04M |
| Pretax Income | 327.54M | 327.54M | 289.64M | 256.06M | 325.08M | 300.04M |
| Income Tax Expense | 71.67M | 71.67M | 63.57M | 56.02M | 67.65M | 63.71M |
| Net Income | 255.87M | 255.87M | 226.07M | 200.04M | 257.43M | 236.33M |
| Preferred Dividends & Other Adjustments | 14.62M | 14.62M | 14.62M | 14.62M | 14.62M | 14.62M |
| Net Income to Common | 241.24M | 241.24M | 211.44M | 185.42M | 242.80M | 221.71M |
| Basic Shares Outstanding | 75.09M | 75.09M | 80.18M | 74.24M | 65.19M | 65.29M |
| Diluted Shares Outstanding | 75.20M | 75.20M | 80.26M | 74.29M | 65.26M | 65.40M |
| EPS (Basic) | 3.21 | 3.21 | 2.64 | 2.50 | 3.72 | 3.40 |
| EPS (Diluted) | 3.21 | 3.21 | 2.63 | 2.50 | 3.72 | 3.39 |
| Dividend Per Share | 1.08 | 1.08 | 1.07 | 1.04 | 1.00 | 0.96 |
| Effective Tax Rate | 21.88% | 21.88% | 21.95% | 21.88% | 20.81% | 21.23% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 749.70M | 749.70M | 657.31M | 2.38B | 980.65M | 683.97M |
| Investment Securities | 781.27M | 781.27M | 1.09B | 1.30B | 1.08B | 1.16B |
| Trading Asset Securities | 151.27M | 165.62M | 312.97M | 286.49M | ||
| Mortgage-Backed Securities | 4.15B | 4.15B | 3.25B | 1.82B | 1.34B | 1.36B |
| Total Investments | 4.94B | 4.94B | 4.49B | 3.29B | 2.73B | 2.80B |
| Gross Loans | 20.69B | 20.69B | 21.27B | 22.36B | 19.65B | 19.38B |
| Allowance for Loan Losses | -199.59M | -199.59M | -199.72M | -203.75M | -177.21M | -172.81M |
| Other Adjustments to Gross Loans | -1.45B | -1.45B | -986.05M | -1.24B | -1.99B | -3.10B |
| Net Loans | 19.04B | 19.04B | 20.09B | 20.92B | 17.48B | 16.11B |
| Property, Plant & Equipment | 291.69M | 291.69M | 309.31M | 285.39M | 258.14M | 268.61M |
| Goodwill | 418.45M | 418.45M | 414.72M | 411.36M | 304.75M | 303.46M |
| Other Intangible Assets | 23.51M | 23.51M | 27.37M | 37.06M | 5.87M | 5.55M |
| Loans Held for Sale | 428.94M | 428.94M | ||||
| Accrued Interest Receivable | 101.92M | 101.92M | 98.59M | 102.83M | 87.00M | 63.87M |
| Other Receivables | 127.42M | 127.42M | 112.78M | 119.25M | 8.48M | |
| Other Real Estate Owned & Foreclosed | 10.20M | 10.20M | 14.39M | 7.88M | 7.50M | 10.02M |
| Other Long-Term Assets | 979.68M | 979.68M | 401.01M | 415.85M | 487.26M | 427.20M |
| Total Assets | 27.23B | 27.23B | 26.70B | 28.06B | 22.47B | 20.77B |
| Accrued Expenses | 302.13M | 302.13M | 146.76M | 175.88M | 172.28M | 194.71M |
| Interest Bearing Deposits | 18.64B | 18.64B | 18.87B | 18.87B | 13.36B | 12.76B |
| Non-Interest Bearing Deposits | 2.69B | 2.69B | 2.57B | 2.50B | 2.71B | 3.27B |
| Total Deposits | 21.32B | 21.32B | 21.44B | 21.37B | 16.07B | 16.03B |
| Short-Term Borrowings | 73.33M | 48.05M | 79.67M | 67.26M | ||
| Current Portion of Long-Term Debt | 1.75B | 2.10B | 2.90B | 2.02B | ||
| Current Portion of Leases | 10.98M | |||||
| Current Income Taxes Payable | 3.31M | |||||
| Federal Home Loan Bank Debt, Long-Term | 2.49B | 2.49B | 18.56M | 1.17B | 750.00M | 100.00M |
| Long-Term Leases | 41.20M | 40.79M | 23.42M | 27.97M | ||
| Trust Preferred Securities | 52.57M | 52.57M | 51.65M | 50.72M | ||
| Other Long-Term Liabilities | 61.10M | 61.10M | 132.97M | 103.03M | 52.55M | 50.05M |
| Total Liabilities | 24.23B | 24.23B | 23.66B | 25.06B | 20.05B | 18.50B |
| Preferred Stock, Redeemable | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M | 300.00M |
| Common Stock | 154.93M | 154.93M | 154.41M | 154.01M | 136.47M | 136.27M |
| Additional Paid-In Capital | 2.18B | 2.18B | 2.16B | 2.15B | 1.69B | 1.69B |
| Retained Earnings | 2.27B | 2.27B | 2.11B | 1.98B | 1.87B | 1.69B |
| Treasury Stock | -1.89B | -1.89B | -1.74B | -1.64B | -1.61B | -1.59B |
| Comprehensive Income & Other | -14.78M | -14.78M | 56.95M | 55.85M | 46.92M | 52.48M |
| Total Common Equity | 2.70B | 2.70B | 2.74B | 2.70B | 2.13B | 1.97B |
| Shareholders' Equity | 3.00B | 3.00B | 3.04B | 3.00B | 2.43B | 2.27B |
| Total Liabilities & Equity | 27.23B | 27.23B | 26.70B | 28.06B | 22.47B | 20.77B |
| Total Debt | 2.55B | 2.55B | 1.94B | 3.41B | 3.75B | 2.22B |
| Net Cash (Debt) | -1.80B | -1.80B | -1.13B | -860.42M | -2.46B | -1.25B |
| Net Cash Per Share | -23.89 | -23.89 | -14.13 | -11.58 | -37.69 | -19.11 |
| Filing Date Shares Outstanding | 74.02M | 74.02M | 76.70M | 81.35M | 64.81M | 65.31M |
| Total Common Shares Outstanding | 74.02M | 74.02M | 78.19M | 81.22M | 64.74M | 65.33M |
| Book Value Per Share | 36.48 | 36.48 | 35.04 | 33.25 | 32.85 | 30.22 |
| Tangible Book Value | 2.26B | 2.26B | 2.30B | 2.25B | 1.82B | 1.67B |
| Tangible Book Value Per Share | 30.51 | 30.51 | 29.38 | 27.73 | 28.05 | 25.49 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 226.07M | 200.04M | 257.43M | 236.33M | ||
| Depreciation & Amortization | 9.72M | 134.10M | 22.97M | 64.05M | ||
| Gain (Loss) on Sale of Assets | -419.00K | -2.56M | -1.15M | 655.00K | ||
| Gain (Loss) on Sale of Investments | -20.00K | -342.00K | -33.00K | -99.00K | ||
| Total Asset Writedown | 992.00K | 6.00K | ||||
| Provision for Credit Losses | 7.75M | 17.50M | 41.50M | 3.00M | ||
| Accrued Interest Receivable | 4.24M | 9.87M | -23.13M | -13.24M | ||
| Change in Income Taxes | 6.12M | 18.75M | -9.96M | 12.26M | ||
| Change in Other Net Operating Assets | -26.02M | 52.68M | -80.77M | -39.92M | ||
| Other Operating Activities | -821.00K | -1.39M | ||||
| Operating Cash Flow | 236.95M | 439.23M | 213.96M | 268.46M | ||
| Capital Expenditures | -28.71M | -24.68M | -15.06M | -11.79M | ||
| Sale of Property, Plant and Equipment | 1.69M | 1.34M | 1.09M | 41.00K | ||
| Cash Acquisitions | -360.00K | 623.58M | -2.59M | |||
| Investment in Securities | -1.13B | 4.81M | 71.76M | -172.80M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 829.67M | 2.61B | -1.41B | -2.33B | ||
| Other Investing Activities | 7.55M | 67.03M | -29.94M | 10.06M | ||
| Investing Cash Flow | -318.41M | 3.29B | -1.38B | -2.49B | ||
| Long-Term Debt Issued | 11.02B | 17.04B | 17.18B | 7.34B | ||
| Long-Term Debt Repaid | -12.53B | -18.94B | -15.65B | -6.94B | ||
| Net Debt Issued (Repaid) | -1.51B | -1.90B | 1.52B | 405.00M | ||
| Issuance of Common Stock | 4.79M | 6.18M | 1.27M | 1.82M | ||
| Repurchase of Common Stock | -101.93M | -27.07M | -30.46M | -3.26M | ||
| Common Dividends Paid | -84.64M | -74.27M | -63.79M | -61.58M | ||
| Preferred Dividends Paid | -14.62M | -14.62M | -14.62M | -14.62M | ||
| Total Dividends Paid | -99.26M | -88.89M | -78.42M | -76.20M | ||
| Net Increase (Decrease) in Deposit Accounts | 63.67M | -324.51M | 40.76M | 487.46M | ||
| Other Financing Activities | -1.49M | 8.78M | 2.50M | 3.04M | ||
| Financing Cash Flow | -1.64B | -2.33B | 1.46B | 817.86M | ||
| Net Cash Flow | -1.72B | 1.40B | 296.68M | -1.41B | ||
| Free Cash Flow | 208.25M | 414.55M | 198.89M | 256.68M | ||
| Free Cash Flow Margin | 29.01% | 58.88% | 28.38% | 39.01% | ||
| Free Cash Flow Per Share | 2.60 | 5.58 | 3.05 | 3.92 | ||
| Cash Interest Paid | 746.93M | 739.08M | 364.39M | 65.17M | ||
| Cash Income Tax Paid | 41.65M | 20.28M | 61.24M | 35.10M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.17B | 2.21B | 2.39B | 2.83B | 1.66B | 1.96B |
| Last Close Price | 29.35 | 29.93 | 29.34 | 32.61 | 23.14 | 26.22 |
| PE Ratio | 9.14 | 9.18 | 11.29 | 15.27 | 6.83 | 8.83 |
| PS Ratio | 2.80 | 2.85 | 3.33 | 4.02 | 2.37 | 2.98 |
| PB Ratio | 0.80 | 0.74 | 0.79 | 0.94 | 0.68 | 0.86 |
| P/FCF Ratio | 9.57 | 11.46 | 6.83 | 8.34 | 7.63 | |
| P/OCF Ratio | 8.12 | 10.07 | 6.44 | 7.75 | 7.29 | |
| Debt / Equity Ratio | 0.85 | 0.85 | 0.64 | 1.14 | 1.55 | 0.98 |
| Debt / FCF Ratio | 9.33 | 8.22 | 18.87 | 8.65 | ||
| Net Debt / Equity Ratio | 0.60 | 0.60 | 0.37 | 0.29 | 1.01 | 0.55 |
| Net Debt / FCF Ratio | 5.45 | 2.08 | 12.37 | 4.87 | ||
| Return on Equity (ROE) | 8.47% | 8.47% | 7.49% | 7.37% | 10.95% | 10.74% |
| Return on Assets (ROA) | 0.95% | 0.95% | 0.83% | 0.79% | 1.19% | 1.17% |
| Earnings Yield | 10.94% | 11.55% | 9.47% | 7.07% | 15.52% | 12.07% |
| FCF Yield | 10.45% | 8.73% | 14.65% | 11.99% | 13.11% | |
| Dividend Yield | 3.68% | 3.61% | 3.50% | 2.98% | 3.90% | 3.20% |
| Payout Ratio | 33.64% | 43.91% | 44.44% | 30.46% | 32.24% | |
| Buyback Yield / Dilution | 6.30% | 6.30% | -8.03% | -13.85% | 0.23% | 9.87% |
| Total Shareholder Return | 9.98% | 9.91% | -4.52% | -10.86% | 4.13% | 13.07% |