WaFd (NASDAQ:WAFD) Releases Quarterly Earnings Results

Key Points

• WaFd exceeded quarterly expectations: The bank reported earnings of $0.85 per share versus the $0.84 consensus estimate, while revenue of $220.44 million topped expectations of $203.66 million.
• The company declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 3.7% yield, with a 34.07% payout ratio.
• Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a $35.25 price target, although some firms recently cut their targets to $32–$37.

WaFd (NASDAQ:WAFD - Get Free Report) released its quarterly earnings data on Thursday. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01, reports. The firm had revenue of $220.44 million for the quarter, compared to the consensus estimate of $203.66 million. WaFd had a net margin of 18.47% and a return on equity of 8.98%.

WaFd Stock Performance

WAFD opened at $29.45 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $33.66 and a 200 day simple moving average of $35.04. WaFd has a 1 year low of $26.31 and a 1 year high of $39.49. The company has a market capitalization of $2.18 billion, a PE ratio of 9.29 and a beta of 0.89.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.27 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.08 annualized dividend and a yield of 3.7%. WaFd's payout ratio is 34.07%.

Wall Street Analysts Forecast Growth

WAFD has been the subject of several research analyst reports. Zacks Research raised shares of WaFd from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Weiss Ratings lowered shares of WaFd from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, September 3rd. DA Davidson lowered their price target on shares of WaFd from $40.00 to $37.00 and set a "neutral" rating on the stock in a report on Wednesday, September 9th. Finally, Piper Sandler lowered their price target on shares of WaFd from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.25.

About WaFd

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.

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