WaFd (WAFD) reported fiscal Q1 earnings late Thursday of $0.54 per diluted share, down from $0.85 a year earlier.

Four analysts polled by FactSet expected $0.65.

Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and total noninterest income, was $171.1 million, up from $166.4 million a year earlier.

Four analysts surveyed by FactSet expected $187.4 million.

Shares of the company were down 6.4% in recent after-hours activity.