WaFd Inc. Reports Q3 EPS of $0.73, Net Income Rises to $62 Million with 12% Increase in Earnings Per Share

Reuters
07/18
<a href="https://laohu8.com/S/WAFD">WaFd</a> Inc. Reports Q3 EPS of $0.73, Net Income Rises to $62 Million with 12% Increase in Earnings Per Share

WaFd Inc. (Nasdaq: WAFD) announced its quarterly earnings, reporting a net income of $62 million for the third quarter, reflecting an improvement from the previous quarter's net income of $56.3 million. The company also reported diluted earnings per common share of $0.73, contributing to a 12% increase in earnings per share compared to the previous period. Net interest income for the quarter was $168 million, up from $161 million in the previous quarter, with a net interest margin of 2.69%, showing an increase from the 2.55% reported in Q2. The company attributed the strong core earnings to an improved margin and resultant net interest income, as well as a strategic decrease in the cost of funds by 6.5% on a linked quarter basis. Additionally, WaFd noted an increase in non-performing assets, which rose by $26 million to 0.36% of total assets, compared to 0.26% in the previous quarter. Delinquencies decreased by $4 million, now representing 0.26% of total loans, slightly down from 0.27% in Q2. In the absence of significant loan demand, WaFd focused on share repurchases at attractive prices, which are approximately 1.01 times the tangible book value, contributing to a 5.4% annualized increase in tangible book value per share. The company highlighted that many borrowers are waiting for more certainty before starting new projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WaFd Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250717219773) on July 17, 2025, and is solely responsible for the information contained therein.

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