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WaFd (WAFD) Financials

WaFd logo
$30.57 -0.49 (-1.58%)
Closing price 08/15/2025 04:00 PM Eastern
Extended Trading
$30.57 0.00 (0.00%)
As of 08/15/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for WaFd

Annual Income Statements for WaFd

This table shows WaFd's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 160 164 174 204 210 173 174 222 243 185
Consolidated Net Income / (Loss)		 160 164 174 204 210 173 184 236 257 200
Net Income / (Loss) Continuing Operations		 160 164 174 204 210 173 184 236 257 200
Total Pre-Tax Income 		250 248 256 257 263 219 233 300 325 256
Total Revenue		 454 467 484 516 543 556 566 661 742 722
Net Interest Income / (Expense)		 413 420 432 472 481 470 505 595 690 661
Total Interest Income		 531 537 549 607 671 621 592 666 1,043 1,372
Loans and Leases Interest Income		 437 454 471 516 568 546 538 602 900 1,166
Investment Securities Interest Income		 94 83 78 91 103 76 54 65 143 206
Total Interest Expense		 117 117 117 135 190 152 87 72 353 711
Deposits Interest Expense		 51 52 52 72 122 100 42 43 237 532
Long-Term Debt Interest Expense		 66 64 65 62 68 51 44 29 115 178
Total Non-Interest Income		 40 47 52 44 62 87 61 66 52 61
Other Service Charges		 41 47 49 27 62 86 60 66 53 60
Net Realized & Unrealized Capital Gains on Investments		 9.64 0.00 3.50 0.00 -0.01 1.22 0.34 0.10 -0.83 0.58
Other Non-Interest Income		 -11 0.00 0.00 17 0.00 0.00 0.00 0.00 0.00 0.00
Provision for Credit Losses		 -11 -6.25 -2.10 -5.45 -1.65 22 0.50 3.00 42 18
Total Non-Interest Expense		 225 235 232 264 283 316 332 359 376 448
Salaries and Employee Benefits		 120 113 112 124 134 148 176 194 197 234
Net Occupancy & Equipment Expense		 50 65 64 71 78 92 82 90 91 95
Property & Liability Insurance Claims		 7.92 12 11 12 9.81 11 14 9.53 20 29
Other Operating Expenses		 47 46 44 58 62 65 60 65 68 90
Nonoperating Income / (Expense), net		 9.30 10 1.49 -0.10 0.81 0.03 0.43 0.65 0.18 0.30
Income Tax Expense		 89 84 83 53 53 46 50 64 68 56
Preferred Stock Dividends Declared		 - - - - 0.00 0.00 10 15 15 15
Basic Earnings per Share		 $1.68 $1.79 $1.95 $2.40 $2.61 $2.26 $2.39 $3.40 $3.72 $2.50
Weighted Average Basic Shares Outstanding		 95.64M 91.40M 88.91M 85.01M 80.47M 76.72M 72.53M 65.29M 65.19M 74.24M
Diluted Earnings per Share		 $1.67 $1.78 $1.94 $2.40 $2.61 $2.26 $2.39 $3.39 $3.72 $2.50
Weighted Average Diluted Shares Outstanding		 96.05M 91.91M 89.22M 85.11M 80.50M 76.73M 72.57M 65.40M 65.26M 74.29M
Weighted Average Basic & Diluted Shares Outstanding		 95.40M 91.60M 89M 84.90M 80.60M 75.82M 65.22M 65.31M 64.81M 81.35M
Cash Dividends to Common per Share		 $0.54 $0.55 $0.84 $0.67 $0.79 $0.87 $0.91 $0.95 $0.99 $1.03

Quarterly Income Statements for WaFd

This table shows WaFd's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 70 76 62 58 47 55 12 61 57 44 53
Consolidated Net Income / (Loss)		 73 80 66 62 50 58 16 65 61 47 56
Net Income / (Loss) Continuing Operations		 73 80 66 62 50 58 16 65 61 47 56
Total Pre-Tax Income 		93 102 85 79 59 72 21 83 81 60 72
Total Revenue		 188 197 185 182 178 166 172 194 189 171 180
Net Interest Income / (Expense)		 174 183 175 169 164 152 159 177 173 155 161
Total Interest Income		 198 233 255 272 282 287 319 392 374 345 336
Loans and Leases Interest Income		 175 204 223 232 241 246 274 337 309 287 282
Investment Securities Interest Income		 23 29 32 40 41 41 44 55 65 59 54
Total Interest Expense		 24 51 80 104 118 135 160 215 201 190 175
Deposits Interest Expense		 17 32 52 70 83 97 116 154 165 162 152
Long-Term Debt Interest Expense		 7.24 19 28 34 35 38 44 60 36 28 23
Total Non-Interest Income		 14 14 10 14 14 14 13 17 16 16 19
Other Service Charges		 14 14 10 15 14 14 13 17 16 16 19
Net Realized & Unrealized Capital Gains on Investments		 0.02 0.00 0.03 -0.93 0.07 0.19 0.10 0.13 0.16 0.03 0.07
Other Non-Interest Income		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Provision for Credit Losses		 1.50 2.50 3.50 9.00 27 0.00 16 1.50 - 0.00 2.75
Total Non-Interest Expense		 93 92 97 95 92 97 134 110 108 111 105
Salaries and Employee Benefits		 51 49 51 50 46 50 73 57 54 60 53
Net Occupancy & Equipment Expense		 23 22 24 22 23 22 24 24 25 25 26
Property & Liability Insurance Claims		 2.23 3.68 4.00 5.35 7.00 6.57 7.90 7.60 6.80 4.85 5.80
Other Operating Expenses		 17 17 18 17 17 18 29 21 22 22 20
Nonoperating Income / (Expense), net		 -0.49 -0.11 -0.20 0.72 -0.24 1.83 -1.32 -0.12 -0.08 0.43 -0.20
Income Tax Expense		 20 22 19 18 8.91 13 5.07 18 20 13 16
Preferred Stock Dividends Declared		 3.66 3.66 3.66 3.66 3.66 3.66 3.66 3.66 3.66 3.66 3.66
Basic Earnings per Share		 $1.07 $1.16 $0.95 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65
Weighted Average Basic Shares Outstanding		 65.29M 65.34M 65.51M 65.19M 65.19M 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M
Diluted Earnings per Share		 $1.07 $1.16 $0.95 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65
Weighted Average Diluted Shares Outstanding		 65.40M 65.43M 65.55M 65.21M 65.26M 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M
Weighted Average Basic & Diluted Shares Outstanding		 65.31M 65.42M 65.79M 64.73M 64.81M 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M
Cash Dividends to Common per Share		 $0.24 $0.24 $0.25 $0.25 $0.25 $0.25 $0.26 $0.26 $0.26 $0.26 $0.27

Annual Cash Flow Statements for WaFd

This table details how cash moves in and out of WaFd's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents		 -498 166 -137 -44 151 1,284 388 -1,407 297 1,400
Net Cash From Operating Activities		 143 222 180 191 234 167 314 268 214 439
Net Cash From Continuing Operating Activities		 143 222 180 191 234 167 314 268 214 439
Net Income / (Loss) Continuing Operations		 160 164 174 204 210 173 184 236 257 200
Consolidated Net Income / (Loss)		 160 164 174 204 210 173 184 236 257 200
Provision For Loan Losses		 -11 -6.25 -2.10 -5.45 -1.65 22 0.50 3.00 42 18
Depreciation Expense		 - - - 47 - - - 64 23 134
Non-Cash Adjustments to Reconcile Net Income		 -17 -22 -13 -5.09 -13 -26 0.88 0.43 -0.06 -0.65
Changes in Operating Assets and Liabilities, net		 -7.26 67 -21 -49 7.42 -43 96 -35 -108 88
Net Cash From Investing Activities		 -290 -131 -545 -674 -421 -921 -580 -2,493 -1,378 3,287
Net Cash From Continuing Investing Activities		 -290 -131 -545 -674 -421 -921 -580 -2,493 -1,378 3,287
Purchase of Property, Leasehold Improvements and Equipment		 -46 -42 -15 -27 -36 -32 -29 -12 -15 -25
Purchase of Investment Securities		 -1,510 -998 -1,699 -1,579 -1,349 -1,515 -1,314 -1,654 -1,124 -1,203
Sale of Property, Leasehold Improvements and Equipment		 6.40 15 5.21 0.00 16 55 3.38 0.04 1.09 1.34
Sale and/or Maturity of Investments		 1,259 894 1,164 931 947 1,474 1,317 921 1,090 4,862
Other Investing Activities, net		 - - - - - -902 -556 -1,749 -1,330 -349
Net Cash From Financing Activities		 -350 76 228 439 338 2,038 653 818 1,461 -2,326
Net Cash From Continuing Financing Activities		 -350 76 228 439 338 2,038 653 818 1,461 -2,326
Net Change in Deposits		 -85 -31 234 552 604 1,789 1,762 487 41 -325
Issuance of Debt		 100 1,118 4,590 13,250 13,315 10,880 7,414 7,345 17,175 17,037
Issuance of Common Equity		 - - 7.24 1.34 0.74 0.14 0.34 1.82 1.09 5.19
Repayment of Debt		 -211 -868 -4,445 -13,145 -13,395 -10,444 -8,394 -6,940 -15,650 -18,938
Repurchase of Common Equity		 -127 -96 -98 -164 -124 -112 -349 -3.26 -30 -27
Payment of Dividends		 -51 -50 -75 -56 -63 -66 -72 -76 -78 -89
Other Financing Activities, Net		 23 1.96 14 0.79 0.41 -8.37 -2.45 3.04 2.68 9.77
Cash Interest Paid		 116 115 111 134 194 147 72 65 364 739
Cash Income Taxes Paid		 66 69 54 44 34 36 48 35 61 20

Quarterly Cash Flow Statements for WaFd

This table details how cash moves in and out of WaFd's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 77 -38 473 21 -159 164 361 987 -111 -873 -276
Net Cash From Operating Activities		 97 66 45 20 83 110 169 63 97 49 72
Net Cash From Continuing Operating Activities		 97 66 45 20 83 110 169 63 97 49 72
Net Income / (Loss) Continuing Operations		 73 80 66 62 50 58 16 65 61 47 56
Consolidated Net Income / (Loss)		 73 80 66 62 50 58 16 65 61 47 56
Depreciation Expense		 17 1.61 -0.75 15 7.30 -22 228 -12 -60 44 -20
Non-Cash Adjustments to Reconcile Net Income		 -0.15 0.08 0.10 -0.52 0.27 -3.00 2.10 0.44 -0.19 -0.41 0.56
Changes in Operating Assets and Liabilities, net		 5.66 -18 -24 -65 -1.41 77 -93 8.22 96 -42 32
Net Cash From Investing Activities		 -510 -932 -205 -149 -91 -71 480 2,515 363 -515 -214
Net Cash From Continuing Investing Activities		 -510 -932 -205 -149 -91 -71 480 2,515 363 -515 -214
Purchase of Property, Leasehold Improvements and Equipment		 -3.08 -2.22 -2.79 -6.21 -3.85 -8.20 -4.43 -4.86 -7.20 -6.45 -5.55
Purchase of Investment Securities		 -196 -377 -198 -340 -208 -206 -371 -314 -313 -660 -647
Sale and/or Maturity of Investments		 251 249 270 328 243 224 1,101 2,953 584 196 276
Other Investing Activities, net		 -563 -802 -274 -132 -122 -82 -247 -119 99 -46 163
Net Cash From Financing Activities		 490 828 633 150 -150 125 -288 -1,592 -571 -408 -134
Net Cash From Continuing Financing Activities		 490 828 633 150 -150 125 -288 -1,592 -571 -408 -134
Net Change in Deposits		 64 -70 -99 259 -50 -32 -337 -149 193 65 -11
Issuance of Debt		 3,095 4,400 5,275 3,900 3,600 6,050 5,338 4,549 1,100 2,168 3,200
Issuance of Common Equity		 0.28 0.77 0.26 0.02 0.05 1.22 0.75 0.52 2.70 2.51 0.44
Repayment of Debt		 -2,670 -3,450 -4,550 -3,950 -3,700 -5,825 -5,300 -5,948 -1,865 -2,575 -3,301
Repurchase of Common Equity		 -0.05 -1.73 -0.11 -29 -0.01 -17 -0.24 -9.52 -0.25 -3.41 -21
Payment of Dividends		 -19 -19 -20 -20 -20 -20 -20 -25 -25 -25 -25
Other Financing Activities, Net		 20 -32 27 -11 19 -33 30 -10 23 -41 25
Cash Interest Paid		 25 48 87 108 121 131 180 224 204 229 178
Cash Income Taxes Paid		 16 1.02 30 16 14 -0.74 12 3.00 6.22 0.20 23

Annual Balance Sheets for WaFd

This table presents WaFd's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Total Assets		 14,568 14,888 15,254 15,866 16,475 18,794 19,651 20,772 22,475 28,060
Cash and Due from Banks		 284 450 313 269 419 1,703 2,091 684 981 2,381
Trading Account Securities		 4,024 3,340 2,913 2,940 2,929 - 2,504 2,514 2,419 3,010
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 40 38 42 47 49 54 51 64 87 103
Premises and Equipment, Net		 276 282 264 268 274 253 255 243 237 248
Intangible Assets		 - - 299 311 309 310 310 309 311 448
Other Assets		 474 570 541 553 12,494 13,519 14,440 16,958 18,441 21,870
Total Liabilities & Shareholders' Equity		 14,568 14,888 15,254 15,866 16,475 18,794 19,651 20,772 22,475 28,060
Total Liabilities		 12,613 12,912 13,248 13,869 14,442 16,780 17,525 18,498 20,048 25,060
Interest Bearing Deposits		 10,682 10,644 10,892 11,445 12,049 13,829 15,589 16,080 16,123 21,435
Long-Term Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318
Other Long-Term Liabilities		 101 189 131 94 143 251 215 293 275 306
Commitments & Contingencies		 - - - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,956 1,976 2,006 1,997 2,033 2,014 2,126 2,274 2,426 3,000
Total Preferred & Common Equity		 1,956 1,976 2,006 1,997 2,033 2,014 2,126 2,274 2,426 3,000
Preferred Stock		 - - - - - 0.00 300 300 300 300
Total Common Equity		 1,956 1,976 2,006 1,997 2,033 2,014 1,826 1,974 2,126 2,700
Common Stock		 1,777 1,783 1,796 1,802 1,808 1,815 1,815 1,823 1,824 2,305
Retained Earnings		 830 944 1,043 1,189 1,336 1,421 1,529 1,689 1,868 1,979
Treasury Stock		 -652 -740 -838 -1,002 -1,126 -1,238 -1,587 -1,590 -1,612 -1,639
Accumulated Other Comprehensive Income / (Loss)		 0.35 -11 5.02 8.29 15 17 70 52 47 56

Quarterly Balance Sheets for WaFd

This table presents WaFd's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 12/31/2022 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025
Total Assets		 20,159 21,654 22,325 22,553 22,640 30,140 28,581 27,684 27,645
Cash and Due from Banks		 607 646 1,119 1,140 1,145 1,506 2,493 1,508 1,231
Trading Account Securities		 2,629 2,513 2,452 2,470 2,434 5,890 3,345 3,281 3,669
Loans and Leases, Net of Allowance		 0.00 0.00 17,272 17,384 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 56 75 79 82 87 115 103 103 102
Premises and Equipment, Net		 244 240 236 237 237 243 245 249 251
Intangible Assets		 309 309 309 309 311 454 452 449 447
Other Assets		 16,313 17,870 860 930 18,426 21,932 21,943 22,094 21,945
Total Liabilities & Shareholders' Equity		 20,159 21,654 22,325 22,553 22,640 30,140 28,581 27,684 27,645
Total Liabilities		 17,939 19,329 19,950 20,159 20,188 27,218 25,622 24,663 24,612
Interest Bearing Deposits		 15,996 15,978 15,905 16,154 16,058 21,389 21,224 21,459 21,472
Long-Term Debt		 1,700 3,075 3,800 3,750 3,875 5,490 4,079 2,915 2,815
Other Long-Term Liabilities		 243 277 245 255 255 340 319 289 325
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,220 2,324 2,375 2,394 2,452 2,922 2,958 3,022 3,033
Total Preferred & Common Equity		 2,220 2,324 2,375 2,394 2,452 2,922 2,958 3,022 3,033
Preferred Stock		 300 300 300 300 300 300 300 300 300
Total Common Equity		 1,920 2,024 2,075 2,094 2,152 2,622 2,658 2,722 2,733
Common Stock		 1,821 1,826 1,820 1,822 1,828 2,297 2,300 2,309 2,312
Retained Earnings		 1,635 1,749 1,795 1,837 1,907 1,902 1,942 2,002 2,033
Treasury Stock		 -1,590 -1,592 -1,584 -1,612 -1,629 -1,630 -1,639 -1,642 -1,664
Accumulated Other Comprehensive Income / (Loss)		 54 42 44 47 47 52 55 53 51

Annual Metrics And Ratios for WaFd

This table displays calculated financial ratios and metrics derived from WaFd's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 4.04% 2.95% 3.61% 6.63% 5.26% 2.41% 1.65% 16.85% 12.33% -2.82%
EBITDA Growth		 -2.61% -0.20% 15.06% 2.59% -3.64% -11.59% 2.92% 36.31% -4.28% 12.07%
EBIT Growth		 -3.01% -0.89% 6.99% 1.03% 1.80% -16.34% 6.18% 28.65% 8.52% -21.28%
NOPAT Growth		 -3.01% 1.99% 9.60% 18.21% 2.78% -17.27% 5.69% 28.67% 9.10% -22.34%
Net Income Growth		 1.88% 2.33% 5.78% 17.47% 3.14% -17.51% 5.87% 28.71% 8.93% -22.29%
EPS Growth		 7.74% 6.59% 8.99% 23.71% 8.75% -13.41% 5.75% 41.84% 9.73% -32.80%
Operating Cash Flow Growth		 -17.76% 55.19% -18.95% 6.12% 22.73% -28.82% 88.75% -14.63% -20.30% 105.29%
Free Cash Flow Firm Growth		 120.23% -141.42% 97.84% 4,520.05% 135.37% -201.66% 507.94% -130.19% -347.38% 97.02%
Invested Capital Growth		 -3.01% 7.13% 4.31% 2.27% -1.01% 10.07% -18.41% 14.38% 38.12% 3.99%
Revenue Q/Q Growth		 1.28% -0.27% 2.26% 0.55% 0.95% -1.89% 4.63% 5.95% -1.34% 1.50%
EBITDA Q/Q Growth		 -3.97% 9.99% 16.75% 18.55% 0.45% 6.21% 28.09% 33.75% -3.10% 66.35%
EBIT Q/Q Growth		 -0.25% 1.66% 0.33% 0.33% -0.52% -10.15% 11.80% 10.18% -9.50% 9.13%
NOPAT Q/Q Growth		 -0.25% 3.07% 0.79% 2.91% 0.64% -9.42% 10.68% 9.53% -8.33% 5.72%
Net Income Q/Q Growth		 1.22% 1.06% 1.10% 2.73% 0.40% -9.41% 10.89% 9.76% -8.26% 5.78%
EPS Q/Q Growth		 2.45% 1.71% 2.11% 4.80% 1.16% -7.76% 11.16% 11.88% -8.60% 0.40%
Operating Cash Flow Q/Q Growth		 -5.79% -7.45% 2.90% -3.50% 6.82% -5.88% 3.22% 13.68% -6.22% 3.23%
Free Cash Flow Firm Q/Q Growth		 -29.59% 43.77% 97.06% -22.00% 441.75% -216.93% 34.99% -167.18% 26.93% 93.99%
Invested Capital Q/Q Growth		 2.62% 0.34% -1.52% -0.67% -5.20% -1.59% -7.93% 12.22% -1.10% -10.22%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 56.86% 55.13% 61.22% 58.91% 53.93% 46.56% 47.13% 54.99% 46.86% 54.03%
EBIT Margin		 52.92% 50.95% 52.61% 49.85% 48.21% 39.38% 41.14% 45.30% 43.76% 35.45%
Profit (Net Income) Margin		 35.32% 35.11% 35.84% 39.49% 38.69% 31.17% 32.46% 35.76% 34.67% 27.72%
Tax Burden Percent		 64.25% 66.11% 67.73% 79.24% 80.01% 79.13% 78.76% 78.77% 79.19% 78.12%
Interest Burden Percent		 103.87% 104.22% 100.59% 99.96% 100.31% 100.01% 100.18% 100.22% 100.05% 100.12%
Effective Tax Rate		 35.75% 33.89% 32.27% 20.76% 19.99% 20.87% 21.24% 21.23% 20.81% 21.88%
Return on Invested Capital (ROIC)		 4.01% 4.01% 4.16% 4.77% 4.87% 3.86% 4.28% 5.72% 4.91% 3.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.33% 4.35% 4.21% 4.76% 4.90% 3.86% 4.30% 5.75% 4.92% 3.23%
Return on Net Nonoperating Assets (RNNOA)		 4.15% 4.33% 4.55% 5.42% 5.57% 4.72% 4.59% 5.02% 6.04% 4.15%
Return on Equity (ROE)		 8.16% 8.35% 8.72% 10.19% 10.43% 8.57% 8.87% 10.74% 10.95% 7.37%
Cash Return on Invested Capital (CROIC)		 7.07% -2.87% -0.06% 2.52% 5.89% -5.73% 24.56% -7.70% -27.11% -0.68%
Operating Return on Assets (OROA)		 1.64% 1.62% 1.69% 1.65% 1.62% 1.24% 1.21% 1.48% 1.50% 1.01%
Return on Assets (ROA)		 1.09% 1.11% 1.15% 1.31% 1.30% 0.98% 0.96% 1.17% 1.19% 0.79%
Return on Common Equity (ROCE)		 8.16% 8.35% 8.72% 10.19% 10.43% 8.57% 8.23% 9.28% 9.55% 6.56%
Return on Equity Simple (ROE_SIMPLE)		 8.20% 8.30% 8.65% 10.21% 10.34% 8.61% 8.64% 10.39% 10.61% 6.67%
Net Operating Profit after Tax (NOPAT)		 154 157 173 204 210 173 183 236 257 200
NOPAT Margin		 34.00% 33.69% 35.63% 39.50% 38.58% 31.16% 32.40% 35.68% 34.65% 27.69%
Net Nonoperating Expense Percent (NNEP)		 -0.32% -0.34% -0.05% 0.00% -0.03% 0.00% -0.02% -0.03% 0.00% -0.01%
SG&A Expenses to Revenue		 37.42% 37.97% 36.43% 37.71% 38.85% 43.14% 45.69% 42.91% 38.73% 45.67%
Operating Expenses to Revenue		 49.54% 50.39% 47.82% 51.20% 52.09% 56.71% 58.77% 54.25% 50.65% 62.13%
Earnings before Interest and Taxes (EBIT)		 240 238 255 257 262 219 233 299 325 256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 258 258 296 304 293 259 267 363 348 390
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.85 0.97 1.21 1.11 1.23 0.69 1.16 0.93 0.75 1.05
Price to Tangible Book Value (P/TBV)		 1.00 1.14 1.42 1.32 1.45 0.82 1.40 1.10 0.88 1.26
Price to Revenue (P/Rev)		 3.66 4.11 5.01 4.31 4.61 2.50 3.75 2.77 2.16 3.92
Price to Earnings (P/E)		 10.35 11.69 13.99 10.91 11.92 8.01 12.21 8.26 6.59 15.27
Dividend Yield		 3.04% 2.59% 2.51% 2.52% 2.50% 4.74% 2.92% 3.39% 4.00% 2.96%
Earnings Yield		 9.66% 8.55% 7.15% 9.17% 8.39% 12.49% 8.19% 12.11% 15.16% 6.55%
Enterprise Value to Invested Capital (EV/IC)		 0.85 0.87 1.03 0.99 1.01 0.51 0.53 0.81 0.75 0.64
Enterprise Value to Revenue (EV/Rev)		 7.06 7.59 8.96 8.30 7.98 4.29 3.62 5.40 6.16 5.64
Enterprise Value to EBITDA (EV/EBITDA)		 12.42 13.77 14.64 14.09 14.80 9.21 7.68 9.83 13.14 10.43
Enterprise Value to EBIT (EV/EBIT)		 13.35 14.90 17.03 16.65 16.55 10.89 8.80 11.93 14.07 15.90
Enterprise Value to NOPAT (EV/NOPAT)		 20.77 22.54 25.15 21.01 20.69 13.76 11.18 15.14 17.76 20.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.44 16.00 24.14 22.47 18.53 14.32 6.51 13.30 21.36 9.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.79 0.00 0.00 39.78 17.11 0.00 1.95 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.94 1.05 1.11 1.17 1.11 1.34 0.81 0.93 1.50 1.11
Long-Term Debt to Equity		 0.94 1.05 1.11 1.17 1.11 1.34 0.81 0.93 1.50 1.11
Financial Leverage		 0.96 0.99 1.08 1.14 1.14 1.22 1.07 0.87 1.23 1.28
Leverage Ratio		 7.46 7.49 7.57 7.77 8.03 8.71 9.29 9.19 9.20 9.31
Compound Leverage Factor		 7.75 7.81 7.62 7.77 8.05 8.72 9.30 9.21 9.21 9.32
Debt to Total Capital		 48.34% 51.29% 52.59% 53.85% 52.53% 57.27% 44.72% 48.30% 60.07% 52.52%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 48.34% 51.29% 52.59% 53.85% 52.53% 57.27% 44.72% 48.30% 60.07% 52.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.80% 6.82% 4.94% 4.75%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 51.66% 48.71% 47.41% 46.15% 47.47% 42.73% 47.48% 44.88% 34.99% 42.74%
Debt to EBITDA		 7.09 8.07 7.51 7.66 7.68 10.42 6.45 5.85 10.49 8.51
Net Debt to EBITDA		 5.99 6.33 6.45 6.78 6.25 3.85 -1.39 3.97 7.67 2.40
Long-Term Debt to EBITDA		 7.09 8.07 7.51 7.66 7.68 10.42 6.45 5.85 10.49 8.51
Debt to NOPAT		 11.86 13.21 12.90 11.43 10.73 15.57 9.38 9.01 14.19 16.61
Net Debt to NOPAT		 10.02 10.35 11.08 10.11 8.73 5.75 -2.02 6.11 10.38 4.69
Long-Term Debt to NOPAT		 11.86 13.21 12.90 11.43 10.73 15.57 9.38 9.01 14.19 16.61
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.25% 13.64% 12.76% 11.06%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 272 -113 -2.44 108 254 -258 1,051 -317 -1,420 -42
Operating Cash Flow to CapEx		 356.80% 818.58% 1,752.83% 703.02% 1,173.50% 0.00% 1,204.99% 2,285.00% 1,531.22% 1,881.89%
Free Cash Flow to Firm to Interest Expense		 2.32 -0.97 -0.02 0.80 1.33 -1.70 12.15 -4.42 -4.03 -0.06
Operating Cash Flow to Interest Expense		 1.22 1.90 1.54 1.41 1.23 1.10 3.64 3.74 0.61 0.62
Operating Cash Flow Less CapEx to Interest Expense		 0.88 1.67 1.45 1.21 1.12 1.25 3.33 3.58 0.57 0.59
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 1.70 1.67 1.77 1.94 2.01 2.11 2.23 2.65 3.09 2.98
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 3,786 4,056 4,231 4,327 4,283 4,714 3,846 4,399 6,076 6,319
Invested Capital Turnover		 0.12 0.12 0.12 0.12 0.13 0.12 0.13 0.16 0.14 0.12
Increase / (Decrease) in Invested Capital		 -118 270 175 96 -44 431 -868 553 1,677 242
Enterprise Value (EV)		 3,206 3,548 4,339 4,285 4,337 2,386 2,048 3,571 4,570 4,068
Market Capitalization		 1,660 1,918 2,427 2,224 2,506 1,389 2,119 1,830 1,601 2,830
Book Value per Share		 $20.81 $21.83 $22.68 $23.90 $25.60 $26.60 $26.88 $30.22 $32.85 $33.25
Tangible Book Value per Share		 $17.62 $18.55 $19.30 $20.18 $21.71 $22.51 $22.31 $25.49 $28.05 $27.73
Total Capital		 3,786 4,056 4,231 4,327 4,283 4,714 3,846 4,399 6,076 6,319
Total Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318
Total Long-Term Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318
Net Debt		 1,546 1,630 1,912 2,061 1,831 997 -371 1,441 2,669 937
Capital Expenditures (CapEx)		 40 27 10 27 20 -23 26 12 14 23
Net Nonoperating Expense (NNE)		 -5.98 -6.64 -1.01 0.08 -0.65 -0.02 -0.34 -0.51 -0.14 -0.24
Net Nonoperating Obligations (NNO)		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318
Total Depreciation and Amortization (D&A)		 18 20 42 47 31 40 34 64 23 134
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $1.79 $1.95 $2.40 $2.61 $2.26 $2.39 $3.40 $3.72 $2.50
Adjusted Weighted Average Basic Shares Outstanding		 95.64M 91.40M 88.91M 85.01M 80.47M 76.72M 72.53M 65.29M 65.19M 74.24M
Adjusted Diluted Earnings per Share		 $1.67 $1.78 $1.94 $2.40 $2.61 $2.26 $2.39 $3.39 $3.72 $2.50
Adjusted Weighted Average Diluted Shares Outstanding		 96.05M 91.91M 89.22M 85.11M 80.50M 76.73M 72.57M 65.40M 65.26M 74.29M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.61 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 93.04M 89.08M 86.89M 81.58M 78.45M 75.82M 65.22M 65.31M 64.81M 81.35M
Normalized Net Operating Profit after Tax (NOPAT)		 154 157 173 204 210 173 183 236 257 200
Normalized NOPAT Margin		 34.00% 33.69% 35.63% 39.50% 38.58% 31.16% 32.40% 35.68% 34.65% 27.69%
Pre Tax Income Margin		 54.97% 53.10% 52.92% 49.83% 48.36% 39.39% 41.21% 45.39% 43.79% 35.49%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.05 2.04 2.18 1.91 1.38 1.44 2.69 4.17 0.92 0.36
NOPAT to Interest Expense		 1.32 1.35 1.47 1.51 1.10 1.14 2.12 3.29 0.73 0.28
EBIT Less CapEx to Interest Expense		 1.71 1.81 2.09 1.71 1.27 1.60 2.39 4.01 0.88 0.33
NOPAT Less CapEx to Interest Expense		 0.98 1.12 1.39 1.31 1.00 1.30 1.82 3.12 0.69 0.25
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 31.88% 30.43% 42.94% 27.47% 30.11% 38.34% 39.35% 32.24% 30.46% 44.44%
Augmented Payout Ratio		 110.93% 88.71% 99.63% 108.04% 89.02% 102.99% 229.23% 33.62% 42.30% 57.97%

Quarterly Metrics And Ratios for WaFd

This table displays calculated financial ratios and metrics derived from WaFd's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 24.60% 28.80% 22.80% 7.78% -5.35% -15.46% -7.09% 6.56% 5.99% 2.84% 4.54%
EBITDA Growth		 67.35% 46.72% -2.34% -3.21% -39.46% -53.92% 197.80% -23.81% -68.94% 118.07% -79.07%
EBIT Growth		 42.04% 62.74% 34.85% -2.02% -36.49% -31.54% -73.71% 5.19% 36.05% -14.37% 224.14%
NOPAT Growth		 40.88% 59.72% 34.17% -2.75% -31.68% -28.43% -74.45% 5.62% 21.42% -17.61% 234.07%
Net Income Growth		 40.14% 58.13% 33.58% -2.40% -31.59% -26.48% -75.90% 4.51% 21.77% -19.14% 254.05%
EPS Growth		 50.70% 63.38% 35.71% -2.20% -32.71% -26.72% -82.11% -15.73% 1.39% -36.47% 282.35%
Operating Cash Flow Growth		 49.88% 146.27% -20.54% -77.14% -14.61% 66.81% 277.47% 213.35% 16.58% -55.17% -57.37%
Free Cash Flow Firm Growth		 -152.09% -272.19% -454.12% -775.70% -239.32% 39.98% -1.00% 61.67% 88.87% 150.27% 218.06%
Invested Capital Growth		 14.38% 39.55% 57.86% 56.73% 38.12% 17.18% 36.21% 14.54% 3.99% -6.18% -30.48%
Revenue Q/Q Growth		 11.11% 4.64% -5.95% -1.43% -2.43% -6.53% 3.36% 13.05% -2.96% -9.30% 5.06%
EBITDA Q/Q Growth		 13.89% 10.91% -18.98% 11.43% -28.77% -28.34% 423.55% -71.49% -70.96% 403.20% -49.76%
EBIT Q/Q Growth		 16.25% 9.19% -16.97% -7.03% -24.65% 17.71% -68.11% 271.96% -2.55% -25.92% 20.71%
NOPAT Q/Q Growth		 17.22% 7.88% -16.97% -7.38% -17.65% 13.01% -70.36% 282.93% -5.34% -23.32% 20.19%
Net Income Q/Q Growth		 15.96% 8.33% -17.07% -6.31% -18.72% 16.42% -72.82% 306.34% -5.30% -22.69% 19.01%
EPS Q/Q Growth		 17.58% 8.41% -18.10% -6.32% -19.10% 18.06% -80.00% 341.18% -2.67% -26.03% 20.37%
Operating Cash Flow Q/Q Growth		 10.10% -31.90% -32.19% -55.04% 311.25% 33.04% 53.46% -62.68% 53.00% -48.84% 45.93%
Free Cash Flow Firm Q/Q Growth		 -249.78% -202.59% -51.47% 1.57% 24.78% 46.48% -154.91% 62.65% 78.17% 341.84% 498.68%
Invested Capital Q/Q Growth		 12.22% 22.73% 14.37% -0.50% -1.10% 4.12% 32.94% -16.33% -10.22% -6.05% -1.49%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 58.54% 52.67% 45.37% 51.28% 37.44% 28.71% 145.41% 36.66% 10.97% 60.87% 29.11%
EBIT Margin		 49.69% 51.85% 45.77% 43.17% 33.34% 41.98% 12.95% 42.62% 42.79% 34.96% 40.16%
Profit (Net Income) Margin		 39.02% 40.40% 35.62% 33.85% 28.20% 35.13% 9.24% 33.20% 32.40% 27.62% 31.29%
Tax Burden Percent		 78.94% 78.00% 78.00% 77.71% 84.93% 81.54% 75.79% 78.03% 75.79% 78.45% 78.12%
Interest Burden Percent		 99.48% 99.89% 99.77% 100.92% 99.60% 102.61% 94.10% 99.85% 99.90% 100.72% 99.72%
Effective Tax Rate		 21.06% 22.00% 22.00% 22.29% 15.07% 18.46% 24.21% 21.97% 24.21% 21.55% 21.88%
Return on Invested Capital (ROIC)		 6.29% 6.15% 5.23% 5.02% 4.01% 4.16% 0.94% 3.59% 3.78% 3.25% 3.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.27% 6.15% 5.23% 5.04% 4.01% 4.20% 0.92% 3.58% 3.77% 3.26% 3.23%
Return on Net Nonoperating Assets (RNNOA)		 5.48% 6.59% 6.32% 5.95% 4.92% 6.11% 1.61% 5.24% 4.85% 4.04% 4.50%
Return on Equity (ROE)		 11.77% 12.74% 11.55% 10.97% 8.94% 10.27% 2.55% 8.83% 8.62% 7.29% 7.73%
Cash Return on Invested Capital (CROIC)		 -7.70% -27.29% -39.28% -38.62% -27.11% -11.82% -28.12% -10.69% -0.68% 9.47% 39.18%
Operating Return on Assets (OROA)		 1.62% 1.76% 1.58% 1.52% 1.14% 1.35% 0.35% 1.18% 1.22% 1.01% 1.02%
Return on Assets (ROA)		 1.28% 1.37% 1.23% 1.19% 0.97% 1.13% 0.25% 0.92% 0.93% 0.80% 0.79%
Return on Common Equity (ROCE)		 10.16% 11.03% 10.04% 9.54% 7.79% 8.98% 2.26% 7.84% 7.67% 6.49% 6.95%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 11.42% 11.88% 11.72% 0.00% 9.64% 6.38% 6.39% 0.00% 6.25% 7.56%
Net Operating Profit after Tax (NOPAT)		 74 80 66 61 50 57 17 65 61 47 56
NOPAT Margin		 39.22% 40.44% 35.70% 33.55% 28.31% 34.23% 9.82% 33.25% 32.44% 27.42% 31.37%
Net Nonoperating Expense Percent (NNEP)		 0.02% 0.00% 0.01% -0.02% 0.01% -0.04% 0.02% 0.00% 0.00% -0.01% 0.00%
SG&A Expenses to Revenue		 39.39% 36.33% 40.60% 39.77% 38.39% 43.32% 56.37% 41.92% 41.84% 49.61% 43.77%
Operating Expenses to Revenue		 49.52% 46.88% 52.34% 51.90% 51.78% 58.02% 77.74% 56.61% 57.21% 65.04% 58.31%
Earnings before Interest and Taxes (EBIT)		 93 102 85 79 59 70 22 83 81 60 72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 110 104 84 94 67 48 250 71 21 104 52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 1.02 0.90 0.80 0.75 0.96 0.71 0.87 1.05 0.96 0.85
Price to Tangible Book Value (P/TBV)		 1.10 1.20 1.06 0.94 0.88 1.12 0.85 1.05 1.26 1.15 1.02
Price to Revenue (P/Rev)		 2.77 2.92 2.53 2.22 2.16 2.90 2.65 3.25 3.92 3.61 3.18
Price to Earnings (P/E)		 8.26 8.22 6.98 6.27 6.59 9.31 10.77 13.24 15.27 15.05 10.86
Dividend Yield		 3.39% 3.04% 3.40% 3.86% 4.00% 3.14% 3.54% 3.60% 2.96% 3.23% 3.67%
Earnings Yield		 12.11% 12.17% 14.33% 15.94% 15.16% 10.74% 9.29% 7.55% 6.55% 6.64% 9.21%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.89 0.79 0.75 0.75 0.81 0.73 0.60 0.64 0.73 0.72
Enterprise Value to Revenue (EV/Rev)		 5.40 6.80 6.56 6.09 6.16 7.16 8.77 5.90 5.64 5.96 5.74
Enterprise Value to EBITDA (EV/EBITDA)		 9.83 14.14 13.45 12.76 13.14 17.45 26.63 17.91 10.43 9.70 16.96
Enterprise Value to EBIT (EV/EBIT)		 11.93 14.14 13.45 12.76 14.07 17.40 26.63 17.91 15.90 17.62 14.25
Enterprise Value to NOPAT (EV/NOPAT)		 15.14 18.04 17.17 16.32 17.76 21.71 33.05 22.21 20.36 22.82 18.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.30 15.57 16.37 20.07 21.36 19.74 16.03 9.86 9.26 11.44 14.98
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.46 1.51
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.93 1.32 1.60 1.57 1.50 1.58 1.88 1.38 1.11 0.96 0.93
Long-Term Debt to Equity		 0.93 1.32 1.60 1.57 1.50 1.58 1.88 1.38 1.11 0.96 0.93
Financial Leverage		 0.87 1.07 1.21 1.18 1.23 1.46 1.75 1.46 1.28 1.24 1.39
Leverage Ratio		 9.19 9.31 9.39 9.26 9.20 9.27 9.90 9.55 9.31 9.19 9.70
Compound Leverage Factor		 9.14 9.30 9.37 9.34 9.16 9.52 9.32 9.54 9.30 9.26 9.68
Debt to Total Capital		 48.30% 56.95% 61.54% 61.03% 60.07% 61.25% 65.26% 57.96% 52.52% 49.10% 48.14%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 48.30% 56.95% 61.54% 61.03% 60.07% 61.25% 65.26% 57.96% 52.52% 49.10% 48.14%
Preferred Equity to Total Capital		 6.82% 5.56% 4.86% 4.88% 4.94% 4.74% 3.57% 4.26% 4.75% 5.05% 5.13%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 44.88% 37.49% 33.60% 34.08% 34.99% 34.01% 31.17% 37.77% 42.74% 45.85% 46.73%
Debt to EBITDA		 5.85 9.08 10.54 10.45 10.49 13.27 23.84 17.41 8.51 6.53 11.33
Net Debt to EBITDA		 3.97 7.17 7.44 7.27 7.67 9.35 17.30 6.77 2.40 3.15 6.37
Long-Term Debt to EBITDA		 5.85 9.08 10.54 10.45 10.49 13.27 23.84 17.41 8.51 6.53 11.33
Debt to NOPAT		 9.01 11.58 13.46 13.36 14.19 16.51 29.59 21.59 16.61 15.36 12.28
Net Debt to NOPAT		 6.11 9.15 9.50 9.30 10.38 11.63 21.47 8.40 4.69 7.42 6.91
Long-Term Debt to NOPAT		 9.01 11.58 13.46 13.36 14.19 16.51 29.59 21.59 16.61 15.36 12.28
Noncontrolling Interest Sharing Ratio		 13.64% 13.41% 13.14% 13.00% 12.76% 12.56% 11.33% 11.21% 11.06% 10.96% 10.08%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -479 -1,451 -2,197 -2,163 -1,627 -871 -2,219 -829 -181 438 2,620
Operating Cash Flow to CapEx		 3,153.28% 4,256.28% 1,605.48% 340.14% 2,238.16% 1,418.32% 4,823.32% 1,299.65% 1,342.14% 1,039.10% 1,298.79%
Free Cash Flow to Firm to Interest Expense		 -19.72 -28.66 -27.36 -20.84 -13.78 -6.47 -13.85 -3.86 -0.90 2.31 14.96
Operating Cash Flow to Interest Expense		 3.99 1.31 0.56 0.19 0.70 0.82 1.06 0.29 0.48 0.26 0.41
Operating Cash Flow Less CapEx to Interest Expense		 3.87 1.28 0.52 0.14 0.67 0.76 1.03 0.27 0.44 0.24 0.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 2.65 2.86 3.06 3.13 3.09 2.98 2.92 2.95 2.98 2.99 2.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,399 5,399 6,175 6,144 6,076 6,327 8,411 7,038 6,319 5,936 5,848
Invested Capital Turnover		 0.16 0.15 0.15 0.15 0.14 0.12 0.10 0.11 0.12 0.12 0.10
Increase / (Decrease) in Invested Capital		 553 1,530 2,263 2,224 1,677 928 2,236 894 242 -391 -2,564
Enterprise Value (EV)		 3,571 4,791 4,849 4,579 4,570 5,095 6,132 4,197 4,068 4,330 4,214
Market Capitalization		 1,830 2,062 1,867 1,669 1,601 2,064 1,849 2,310 2,830 2,623 2,331
Book Value per Share		 $30.22 $31.00 $31.72 $31.83 $32.85 $33.47 $40.50 $32.65 $33.25 $33.45 $33.51
Tangible Book Value per Share		 $25.49 $26.27 $27.01 $27.13 $28.05 $28.63 $33.50 $27.10 $27.73 $27.93 $28.03
Total Capital		 4,399 5,399 6,175 6,144 6,076 6,327 8,411 7,038 6,319 5,936 5,848
Total Debt		 2,125 3,075 3,800 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815
Total Long-Term Debt		 2,125 3,075 3,800 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815
Net Debt		 1,441 2,429 2,681 2,610 2,669 2,730 3,984 1,587 937 1,407 1,583
Capital Expenditures (CapEx)		 3.08 1.55 2.79 5.93 3.70 7.77 3.51 4.86 7.20 4.76 5.55
Net Nonoperating Expense (NNE)		 0.39 0.09 0.16 -0.56 0.20 -1.49 1.00 0.10 0.06 -0.34 0.16
Net Nonoperating Obligations (NNO)		 2,125 3,075 3,800 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815
Total Depreciation and Amortization (D&A)		 17 1.61 -0.75 15 7.30 -22 228 -12 -60 44 -20
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.07 $1.16 $0.95 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65
Adjusted Weighted Average Basic Shares Outstanding		 65.29M 65.34M 65.51M 65.19M 65.19M 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M
Adjusted Diluted Earnings per Share		 $1.07 $1.16 $0.95 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65
Adjusted Weighted Average Diluted Shares Outstanding		 65.40M 65.43M 65.55M 65.21M 65.26M 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 65.31M 65.42M 65.79M 64.73M 64.81M 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M
Normalized Net Operating Profit after Tax (NOPAT)		 74 80 66 61 50 57 17 65 61 47 56
Normalized NOPAT Margin		 39.22% 40.44% 35.70% 33.55% 28.31% 34.23% 9.82% 33.25% 32.44% 27.42% 31.37%
Pre Tax Income Margin		 49.43% 51.79% 45.66% 43.57% 33.21% 43.08% 12.19% 42.55% 42.75% 35.21% 40.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.84 2.02 1.06 0.76 0.50 0.52 0.14 0.39 0.40 0.32 0.41
NOPAT to Interest Expense		 3.03 1.57 0.82 0.59 0.43 0.42 0.11 0.30 0.30 0.25 0.32
EBIT Less CapEx to Interest Expense		 3.72 1.99 1.02 0.70 0.47 0.46 0.12 0.36 0.37 0.29 0.38
NOPAT Less CapEx to Interest Expense		 2.91 1.54 0.79 0.53 0.40 0.37 0.08 0.28 0.27 0.22 0.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.24% 28.95% 27.50% 27.80% 30.46% 33.35% 42.43% 44.42% 44.44% 49.68% 43.17%
Augmented Payout Ratio		 33.62% 29.71% 28.19% 38.67% 42.30% 52.72% 67.08% 58.61% 57.97% 56.78% 58.23%

Key Financial Trends

WAFD INC has demonstrated steady financial performance over the past four years, with key income, balance sheet, and cash flow metrics showing notable trends.

Income Statement Highlights:

  • Net interest income increased from approximately $152 million in Q1 2023 to $161 million in Q2 2025, reflecting consistent growth in core lending and investment income.
  • Net income attributable to common shareholders grew from about $75.9 million in Q1 2023 to around $52.6 million in Q2 2025 on a quarterly basis, showing resilience despite some quarterly fluctuations.
  • Earnings per share (basic and diluted) have generally remained healthy, around $0.54 to $0.65 in recent quarters, indicating stable shareholder returns.
  • Total revenue increased from roughly $166 million in early 2023 to $180 million in Q2 2025, signifying sustained revenue growth.
  • Provision for credit losses varied markedly, with some quarters showing elevated provisions (e.g., $27.5 million in Q2 2025), which may indicate episodic credit risk pressure.
  • Non-interest income, mainly from service charges and capital gains, has remained relatively stable but small in comparison to net interest income.
  • Diluted earnings per share trended slightly down from $0.85 in Q1 2024 to $0.65 in Q2 2025, likely affected by share count changes and provision volatility.

Balance Sheet Observations:

  • Total assets grew notably from $21.7 billion in Q1 2023 to around $27.6 billion by Q2 2025, reflecting expansion and possibly increased investable assets.
  • Long-term debt increased significantly from about $3 billion in early 2023 to nearly $2.8 billion in Q2 2025, indicating increased borrowing which could pressure interest expense and leverage metrics.
  • Common equity rose steadily, from around $2.0 billion in Q1 2023 to approximately $2.7 billion in Q2 2025, supporting capital adequacy and shareholder value.
  • Treasury stock holdings have increased, indicating share repurchases, which impacts outstanding shares and earnings per share.
  • Total liabilities also increased from around $19.3 billion in Q1 2023 to $24.6 billion in Q2 2025, consistent with asset growth.

Cash Flow Trends:

  • Cash flow from operating activities has been strong, with $72 million in Q2 2025 and recurring positive cash generation in prior quarters.
  • Cash flow from investing activities is consistently negative, mainly due to high investment securities purchases, reaching -$214 million in Q2 2025, reflecting ongoing asset allocation strategies.
  • Cash flow from financing activities shows negative figures in recent periods (e.g., -$134 million in Q2 2025), driven by debt repayments and dividend payments, which may constrain liquidity.
  • Net change in cash and equivalents fluctuated significantly quarter-to-quarter, reflecting active balance sheet management.

Overall Analysis:

WAFD INC displays growth in core lending and interest income, supported by increasing assets and equity. However, elevated credit loss provisions in some quarters and rising interest expenses due to increased debt levels could affect profitability. The company maintains positive cash flow from operations but invests heavily in securities, leading to negative investing cash flow. Active management of financing activities, including share repurchases and dividends, reflects a balanced approach to shareholder returns and capital structure.

08/16/25 11:47 AMAI Generated. May Contain Errors.

Frequently Asked Questions About WaFd's Financials

When does WaFd's fiscal year end?

According to the most recent income statement we have on file, WaFd's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has WaFd's net income changed over the last 9 years?

WaFd's net income appears to be on an upward trend, with a most recent value of $200.04 million in 2024, rising from $160.32 million in 2015. The previous period was $257.43 million in 2023. View WaFd's forecast to see where analysts expect WaFd to go next.

How has WaFd's revenue changed over the last 9 years?

Over the last 9 years, WaFd's total revenue changed from $453.90 million in 2015 to $721.52 million in 2024, a change of 59.0%.

How much debt does WaFd have?

WaFd's total liabilities were at $25.06 billion at the end of 2024, a 25.0% increase from 2023, and a 98.7% increase since 2015.

How much cash does WaFd have?

In the past 9 years, WaFd's cash and equivalents has ranged from $268.65 million in 2018 to $2.38 billion in 2024, and is currently $2.38 billion as of their latest financial filing in 2024.

How has WaFd's book value per share changed over the last 9 years?

Over the last 9 years, WaFd's book value per share changed from 20.81 in 2015 to 33.25 in 2024, a change of 59.8%.


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This page (NASDAQ:WAFD) was last updated on 8/16/2025 by MarketBeat.com Staff
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