WaFd

WAFD

Market cap $2.67B

WaFd, Inc. (WAFD) Q2 2026 Earnings Call Transcript

WaFd beats fiscal Q2 earnings estimates on higher revenues, but loan and deposit declines, rising expenses and weaker credit quality temper the upbeat quarter.

WaFd (WAFD) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.65 per share a year ago.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd, Inc. (Nasdaq: WAFD): Q2 Highlights   $66 Million   $0.82   0.96%   10.8% Net Income   Diluted Earnings per Common Share   Return on Average Assets   Return on Tangible Common Equity1   "Uncertainty seems to be our new reality, not just in the banking sector, but also in the broader global context. Our strong foundation enabled us to deliver for our customers even during uncertain times. During the quarter, we executed on our strategic plan and grew our active loa.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd Bank and its holding company WaFd, Inc. (Nasdaq: WAFD) today announced that it is the official banking partner for Network of Giving across the United States, supporting the continued national expansion of the purpose-driven digital commerce and community impact ecosystem. This partnership brings together the Network of Giving Foundation's governance and the Network of Giving's platform's patented, philanthropic driven technology with WaFd Bank's trusted financial.

Over the past three months, WaFd, Inc. WAFD shares have declined 7.8%. In comparison, the industry fell 9.9% and the S&P 500 Index slipped 2%.

Brent Beardall, WaFd Bank CEO, joins 'The Exchange' to discuss the discussion around private credit, potential broader fallout and much more.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd, Inc. (Nasdaq: WAFD) (the “Company”), the parent company of WaFd Bank, announced the appointment of Erin Hill to its Board of Directors. Ms. Hill brings more than three decades of executive leadership experience in financial services, corporate governance, audit, and risk management to the Board. Ms. Hill currently serves as the Executive Director of the Financial Accounting Foundation, the parent of the Financial Accounting Standards Board (“FASB”) and the Govern.

WaFd's preferred shares offer a compelling 7.3% yield, now more attractive for income investors amid recent price declines. Net interest income has gradually risen for four consecutive quarters, supported by improved net interest spreads and benefits from the Luther Burbank merger. Loan balances declined 5.8% in 2025, while deposits remained essentially flat; the loan-to-deposit ratio has improved but remains elevated at 93%.

SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the “Company”), announced a regular cash dividend of 27 cents per share. The dividend will be paid February 27, 2026, to common shareholders of record as of February 13, 2026. This will be the Company's 172nd consecutive quarterly cash dividend. The Board also increased the number of shares authorized for repurchase by 4.5 million, bringing the currently authorized amount up to 10 million shares. Over the last.