WaFd (WAFD) Net Interest Margin Of 2.7% Reinforces Bullish Profitability Narratives

Simply Wall St.

Jan 18

WaFd (WAFD) opened fiscal Q1 2026 with total revenue of US$187.9 million and basic EPS of US$0.79, while trailing twelve month revenue stood at US$734.5 million and EPS at US$2.89, giving investors a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2604923190"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2604923190\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2604923190?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/7021000-choice1-main-header/1585186662944","is_english":true,"pubTime":"2026-01-18 00:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2604923190","market":"hk","top_or_hot":-1,"title":"WaFd (WAFD) Net Interest Margin Of 2.7% Reinforces Bullish Profitability Narratives","media":"Simply Wall St.","content":"<div>\n<p>WaFd (WAFD) opened fiscal Q1 2026 with total revenue of US$187.9 million and basic EPS of US$0.79, while trailing twelve month revenue stood at US$734.5 million and EPS at US$2.89, giving investors a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/banks/nasdaq-wafd/wafd/news/wafd-wafd-net-interest-margin-of-27-reinforces-bullish-profi\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WaFd (WAFD) Net Interest Margin Of 2.7% Reinforces Bullish Profitability Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWaFd (WAFD) Net Interest Margin Of 2.7% Reinforces Bullish Profitability Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-18 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/banks/nasdaq-wafd/wafd/news/wafd-wafd-net-interest-margin-of-27-reinforces-bullish-profi><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WaFd (WAFD) opened fiscal Q1 2026 with total revenue of US$187.9 million and basic EPS of US$0.79, while trailing twelve month revenue stood at US$734.5 million and EPS at US$2.89, giving investors a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/banks/nasdaq-wafd/wafd/news/wafd-wafd-net-interest-margin-of-27-reinforces-bullish-profi\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4195","symbol_name":"互助储蓄与抵押信贷金融服务","start_time":0,"source_url":"https://simplywall.st/stocks/us/banks/nasdaq-wafd/wafd/news/wafd-wafd-net-interest-margin-of-27-reinforces-bullish-profi","article_id":"2604923190","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7021000-choice1-main-header/1585186662944"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/banks/nasdaq-wafd/wafd/news/wafd-wafd-net-interest-margin-of-27-reinforces-bullish-profi","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2604923190","pubTimestamp":1768667462,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"WaFd (WAFD) opened fiscal Q1 2026 with total revenue of US$187.9 million and basic EPS of US$0.79, while trailing twelve month revenue stood at US$734.5 million and EPS at US$2.89, giving investors a clear view of both the latest quarter and the broader earnings run rate. Over recent quarters, the bank has seen revenue move from US$171.1 million in Q1 2025 to US$187.9 million in Q1 2026, with quarterly EPS shifting from US$0.54 to US$0.79 across the same period, setting up this result against...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4195":"互助储蓄与抵押信贷金融服务","BK4211":"区域性银行","WAFD":"WaFd","BK4112":"金融交易所和数据"},"translate_title":"WAFD(WAFD)2.7%的净息差强化了看涨的盈利能力叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAFD":1.98},"content_text":"WaFd (WAFD) opened fiscal Q1 2026 with total revenue of US$187.9 million and basic EPS of US$0.79, while trailing twelve month revenue stood at US$734.5 million and EPS at US$2.89, giving investors a clear view of both the latest quarter and the broader earnings run rate. Over recent quarters, the bank has seen revenue move from US$171.1 million in Q1 2025 to US$187.9 million in Q1 2026, with quarterly EPS shifting from US$0.54 to US$0.79 across the same period, setting up this result against a backdrop of steadily building profitability. With a reported net margin of 31.1% over the last year and a net interest margin of 2.7% in the latest quarter, the story for now is about how efficiently WaFd is turning its revenue base into bottom line earnings. See our full analysis for WaFd. With the headline numbers on the table, the next step is to see how these results line up against the widely held narratives on WaFd, highlighting where the recent performance backs the story and where it starts to challenge it. Curious how numbers become stories that shape markets? Explore Community Narratives NasdaqGS:WAFD Earnings & Revenue History as at Jan 2026 Advertisement31.1% net margin and 56.1% cost ratio  Over the last 12 months, WaFd reported a 31.1% net profit margin, while Q1 2026 shows a cost to income ratio of 56.1%. This tells you how much of each dollar of revenue is going to operating costs versus staying as profit. What stands out for a bullish view is that the 31.1% margin pairs with trailing EPS of US$2.89 and Q1 2026 net income of US$60.5 million. This combination heavily supports the idea of solid profitability, even though the same data also shows five year earnings growth of 4.4% per year and forecast earnings growth of 4.2% per year, so the long term trend is steadier rather than fast growing.\n     Supporters of the bullish angle can point to that 31.1% margin alongside Q1 2026 net interest margin of 2.7% as evidence that the core lending business is currently generating healthy profit on each dollar of assets. At the same time, the more modest 4.2% earnings growth forecast and 5.8% revenue growth forecast, both below the provided US market averages, show why the story is more about earnings quality and efficiency than high growth.    Loan book steady while credit quality moves around  Total loans sat between about US$21.3 billion and US$22.4 billion across the last six reported quarters. Over the same period, non performing loans shifted from US$69.5 million in Q4 2024 to US$128.6 million in Q4 2025, then to US$72.5 million in Q1 2025 and US$59.9 million in Q2 2025. This shows that the loan book is large relative to reported problem loans, but that credit metrics do move around from quarter to quarter. Critics taking a bearish angle often focus on credit risk for regional banks, and this back and forth in non performing loans gives them something to watch. Yet the trailing net income of US$228.4 million and TTM revenue of US$734.5 million indicate that, at least over the last year, earnings power has been strong enough to sit alongside these changing non performing loan balances.\n     Bears may highlight the jump in non performing loans to US$128.6 million in Q4 2025 against total loans of US$21.3 billion as a reminder that credit quality can tighten, even if that figure did not stay at that level in the surrounding quarters provided. On the other hand, the TTM EPS of US$2.89 and Q1 2026 net income of US$60.5 million suggest that, within the period covered, profitability has held up alongside those credit swings rather than showing any earnings loss in the data you have.    Valuation, growth forecasts and a 3.33% dividend  The shares trade at US$32.39, which is below the DCF fair value of about US$38.91 and alongside a P/E of 10.8x versus 13.1x for peers and 12x for the US Banks industry. Analysts’ forecasts in the data point to about 4.2% annual earnings growth, 5.8% annual revenue growth and a dividend yield of 3.33%. What is interesting for a bullish style narrative is that the combination of a 31.1% net margin, trailing EPS of US$2.89 and that lower P/E multiple strongly supports the idea that investors are paying less per dollar of trailing earnings than for peers. The same dataset also shows that the forecast growth rates for earnings and revenue are lower than the broader US market and that the 3.33% dividend is a key part of the total return story rather than rapid top line expansion.\n     Supporters of the bullish angle can argue that the roughly 16.8% gap between the share price of US$32.39 and the DCF fair value of about US$38.91, together with the lower P/E, offers room if the bank keeps converting its US$734.5 million of TTM revenue into that level of profit. At the same time, the data’s\n Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on WaFd's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. See What Else Is Out There WaFd combines solid profitability with forecast earnings and revenue growth of 4.2% and 5.8% per year, which points to a steadier rather than fast growing profile. If you want ideas with a clearer tilt toward consistent expansion, use our CTA_SCREENER_STABLE_GROWTH to focus on companies targeting steadier revenue and earnings progression across cycles.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if WaFd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}