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WaFd (WAFD) Financials

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$35.52 +0.01 (+0.03%)
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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 2025
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 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 160 164 174 204 210 173 174 222 243 185 211
Consolidated Net Income / (Loss)		 160 164 174 204 210 173 184 236 257 200 226
Net Income / (Loss) Continuing Operations		 160 164 174 204 210 173 184 236 257 200 226
Total Pre-Tax Income 		250 248 256 257 263 219 233 300 325 256 290
Total Revenue		 454 467 484 516 543 556 566 661 742 722 725
Net Interest Income / (Expense)		 413 420 432 472 481 470 505 595 690 661 654
Total Interest Income		 531 537 549 607 671 621 592 666 1,043 1,372 1,339
Loans and Leases Interest Income		 437 454 471 516 568 546 538 602 900 1,166 1,120
Investment Securities Interest Income		 94 83 78 91 103 76 54 65 143 206 220
Total Interest Expense		 117 117 117 135 190 152 87 72 353 711 685
Deposits Interest Expense		 51 52 52 72 122 100 42 43 237 532 605
Long-Term Debt Interest Expense		 66 64 65 62 68 51 44 29 115 178 81
Total Non-Interest Income		 40 47 52 44 62 87 61 66 52 61 71
Other Service Charges		 41 47 49 27 62 86 60 66 53 60 71
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 0.18
Other Non-Interest Income		 -11 0.00 0.00 17 0.00 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 7.75
Total Non-Interest Expense		 225 235 232 264 283 316 332 359 376 448 427
Salaries and Employee Benefits		 120 113 112 124 134 148 176 194 197 234 222
Net Occupancy & Equipment Expense		 50 65 64 71 78 92 82 90 91 95 105
Property & Liability Insurance Claims		 7.92 12 11 12 9.81 11 14 9.53 20 29 20
Other Operating Expenses		 47 46 44 58 62 65 60 65 68 90 80
Nonoperating Income / (Expense), net		 9.30 10 1.49 -0.10 0.81 0.03 0.43 0.65 0.18 0.30 -0.63
Income Tax Expense		 89 84 83 53 53 46 50 64 68 56 64
Preferred Stock Dividends Declared		 - - - - 0.00 0.00 10 15 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 $2.64
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 80.18M
Diluted Earnings per Share		 $1.67 $1.78 $1.94 $2.40 $2.61 $2.26 $2.39 $3.39 $3.72 $2.50 $2.63
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 80.26M
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 76.70M
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 $1.07

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 58 47 55 12 61 57 44 53 58 57 61
Consolidated Net Income / (Loss)		 62 50 58 16 65 61 47 56 62 61 64
Net Income / (Loss) Continuing Operations		 62 50 58 16 65 61 47 56 62 61 64
Total Pre-Tax Income 		79 59 72 21 83 81 60 72 80 78 82
Total Revenue		 182 178 166 172 194 189 171 180 186 188 191
Net Interest Income / (Expense)		 169 164 152 159 177 173 155 161 168 170 171
Total Interest Income		 272 282 287 319 392 374 345 336 332 327 322
Loans and Leases Interest Income		 232 241 246 274 337 309 287 282 279 272 264
Investment Securities Interest Income		 40 41 41 44 55 65 59 54 52 55 58
Total Interest Expense		 104 118 135 160 215 201 190 175 164 157 151
Deposits Interest Expense		 70 83 97 116 154 165 162 152 147 144 136
Long-Term Debt Interest Expense		 34 35 38 44 60 36 28 23 17 13 15
Total Non-Interest Income		 14 14 14 13 17 16 16 19 18 18 20
Other Service Charges		 15 14 14 13 17 16 16 19 18 18 20
Net Realized & Unrealized Capital Gains on Investments		 -0.93 0.07 0.19 0.10 0.13 0.16 0.03 0.07 0.06 0.03 0.02
Other Non-Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Provision for Credit Losses		 9.00 27 0.00 16 1.50 - 0.00 2.75 2.00 3.00 3.50
Total Non-Interest Expense		 95 92 97 134 110 108 111 105 104 107 106
Salaries and Employee Benefits		 50 46 50 73 57 54 60 53 53 56 54
Net Occupancy & Equipment Expense		 22 23 22 24 24 25 25 26 27 27 26
Property & Liability Insurance Claims		 5.35 7.00 6.57 7.90 7.60 6.80 4.85 5.80 5.15 4.40 5.40
Other Operating Expenses		 17 17 18 29 21 22 22 20 19 19 21
Nonoperating Income / (Expense), net		 0.72 -0.24 1.83 -1.32 -0.12 -0.08 0.43 -0.20 -0.18 -0.68 0.16
Income Tax Expense		 18 8.91 13 5.07 18 20 13 16 18 17 18
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		 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.72 $0.79
Weighted Average Basic Shares Outstanding		 65.19M 65.19M 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M 79.89M 80.18M 76.97M
Diluted Earnings per Share		 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.71 $0.79
Weighted Average Diluted Shares Outstanding		 65.21M 65.26M 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M 79.91M 80.26M 77.02M
Weighted Average Basic & Diluted Shares Outstanding		 64.73M 64.81M 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M 78.79M 76.70M 75.86M
Cash Dividends to Common per Share		 $0.25 $0.25 $0.25 $0.26 $0.26 $0.26 $0.26 $0.27 $0.27 $0.27 $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 2025
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 9/30/2025
Net Change in Cash & Equivalents		 -498 166 -137 -44 151 1,284 388 -1,407 297 1,400 -1,724
Net Cash From Operating Activities		 143 222 180 191 234 167 314 268 214 439 237
Net Cash From Continuing Operating Activities		 143 222 180 191 234 167 314 268 214 439 237
Net Income / (Loss) Continuing Operations		 160 164 174 204 210 173 184 236 257 200 226
Consolidated Net Income / (Loss)		 160 164 174 204 210 173 184 236 257 200 226
Provision For Loan Losses		 -11 -6.25 -2.10 -5.45 -1.65 22 0.50 3.00 42 18 7.75
Depreciation Expense		 - - - 47 - - - 64 23 134 9.72
Non-Cash Adjustments to Reconcile Net Income		 -17 -22 -13 -5.09 -13 -26 0.88 0.43 -0.06 -0.65 1.55
Changes in Operating Assets and Liabilities, net		 -7.26 67 -21 -49 7.42 -43 96 -35 -108 88 -8.13
Net Cash From Investing Activities		 -290 -131 -545 -674 -421 -921 -580 -2,493 -1,378 3,287 -318
Net Cash From Continuing Investing Activities		 -290 -131 -545 -674 -421 -921 -580 -2,493 -1,378 3,287 -318
Purchase of Property, Leasehold Improvements and Equipment		 -46 -42 -15 -27 -36 -32 -29 -12 -15 -25 -29
Purchase of Investment Securities		 -1,510 -998 -1,699 -1,579 -1,349 -1,515 -1,314 -1,654 -1,124 -1,203 -2,387
Sale of Property, Leasehold Improvements and Equipment		 6.40 15 5.21 0.00 16 55 3.38 0.04 1.09 1.34 1.69
Sale and/or Maturity of Investments		 1,259 894 1,164 931 947 1,474 1,317 921 1,090 4,862 1,122
Other Investing Activities, net		 - - - - - -902 -556 -1,749 -1,330 -349 973
Net Cash From Financing Activities		 -350 76 228 439 338 2,038 653 818 1,461 -2,326 -1,642
Net Cash From Continuing Financing Activities		 -350 76 228 439 338 2,038 653 818 1,461 -2,326 -1,642
Net Change in Deposits		 -85 -31 234 552 604 1,789 1,762 487 41 -325 64
Issuance of Debt		 100 1,118 4,590 13,250 13,315 10,880 7,414 7,345 17,175 17,037 11,020
Issuance of Common Equity		 - - 7.24 1.34 0.74 0.14 0.34 1.82 1.09 5.19 3.94
Repayment of Debt		 -211 -868 -4,445 -13,145 -13,395 -10,444 -8,394 -6,940 -15,650 -18,938 -12,528
Repurchase of Common Equity		 -127 -96 -98 -164 -124 -112 -349 -3.26 -30 -27 -102
Payment of Dividends		 -51 -50 -75 -56 -63 -66 -72 -76 -78 -89 -99
Other Financing Activities, Net		 23 1.96 14 0.79 0.41 -8.37 -2.45 3.04 2.68 9.77 -0.64
Cash Interest Paid		 116 115 111 134 194 147 72 65 364 739 747
Cash Income Taxes Paid		 66 69 54 44 34 36 48 35 61 20 42

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 21 -159 164 361 987 -111 -873 -276 -422 -152 78
Net Cash From Operating Activities		 20 83 110 169 63 97 49 72 58 57 60
Net Cash From Continuing Operating Activities		 20 83 110 169 63 97 49 72 58 57 60
Net Income / (Loss) Continuing Operations		 62 50 58 16 65 61 47 56 62 61 64
Consolidated Net Income / (Loss)		 62 50 58 16 65 61 47 56 62 61 64
Provision For Loan Losses		 9.00 27 - 16 1.50 - 0.00 - 2.00 3.00 3.50
Depreciation Expense		 15 7.30 -22 228 -12 -60 44 -20 -14 -1.25 -1.56
Non-Cash Adjustments to Reconcile Net Income		 -0.52 0.27 -3.00 2.10 0.44 -0.19 -0.41 0.56 0.16 1.23 -3.74
Changes in Operating Assets and Liabilities, net		 -65 -1.41 77 -93 8.22 96 -42 32 7.41 -6.20 -1.91
Net Cash From Investing Activities		 -149 -91 -71 480 2,515 363 -515 -214 469 -59 -512
Net Cash From Continuing Investing Activities		 -149 -91 -71 480 2,515 363 -515 -214 469 -59 -512
Purchase of Property, Leasehold Improvements and Equipment		 -6.21 -3.85 -8.20 -4.43 -4.86 -7.20 -6.45 -5.55 -4.93 -12 -10
Purchase of Investment Securities		 -340 -208 -206 -371 -314 -313 -660 -647 -526 -554 -1,053
Sale of Property, Leasehold Improvements and Equipment		 0.28 0.14 0.42 0.92 - - 1.69 - - - 0.01
Sale and/or Maturity of Investments		 328 243 224 1,101 2,953 584 196 276 338 312 299
Other Investing Activities, net		 -132 -122 -82 -247 -119 99 -46 163 661 195 253
Net Cash From Financing Activities		 150 -150 125 -288 -1,592 -571 -408 -134 -949 -151 529
Net Cash From Continuing Financing Activities		 150 -150 125 -288 -1,592 -571 -408 -134 -949 -151 529
Net Change in Deposits		 259 -50 -32 -337 -149 193 65 -11 -41 51 -21
Issuance of Debt		 3,900 3,600 6,050 5,338 4,549 1,100 2,168 3,200 2,525 3,126 3,876
Issuance of Common Equity		 0.02 0.05 1.22 0.75 0.52 2.70 2.51 0.44 0.62 0.37 0.49
Repayment of Debt		 -3,950 -3,700 -5,825 -5,300 -5,948 -1,865 -2,575 -3,301 -3,350 -3,301 -3,206
Repurchase of Common Equity		 -29 -0.01 -17 -0.24 -9.52 -0.25 -3.41 -21 -48 -29 -58
Payment of Dividends		 -20 -20 -20 -20 -25 -25 -25 -25 -25 -25 -24
Other Financing Activities, Net		 -11 19 -33 30 -10 23 -41 25 -11 26 -39
Cash Interest Paid		 108 121 131 180 224 204 229 178 174 166 116
Cash Income Taxes Paid		 16 14 -0.74 12 3.00 6.22 0.20 23 8.10 10 0.13

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 2025
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 9/30/2025
Total Assets		 14,568 14,888 15,254 15,866 16,475 18,794 19,651 20,772 22,475 28,060 26,700
Cash and Due from Banks		 284 450 313 269 419 1,703 2,091 684 981 2,381 657
Trading Account Securities		 4,024 3,340 2,913 2,940 2,929 - 2,504 2,514 2,419 3,010 4,179
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 0.00
Accrued Investment Income		 40 38 42 47 49 54 51 64 87 103 99
Premises and Equipment, Net		 276 282 264 268 274 253 255 243 237 248 261
Intangible Assets		 - - 299 311 309 310 310 309 311 448 442
Other Assets		 474 570 541 553 12,494 13,519 14,440 16,958 18,441 21,870 21,061
Total Liabilities & Shareholders' Equity		 14,568 14,888 15,254 15,866 16,475 18,794 19,651 20,772 22,475 28,060 26,700
Total Liabilities		 12,613 12,912 13,248 13,869 14,442 16,780 17,525 18,498 20,048 25,060 23,660
Interest Bearing Deposits		 10,682 10,644 10,892 11,445 12,049 13,829 15,589 16,080 16,123 21,435 21,497
Long-Term Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318 1,817
Other Long-Term Liabilities		 101 189 131 94 143 251 215 293 275 306 345
Commitments & Contingencies		 - - - - 0.00 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 3,040
Total Preferred & Common Equity		 1,956 1,976 2,006 1,997 2,033 2,014 2,126 2,274 2,426 3,000 3,040
Preferred Stock		 - - - - - 0.00 300 300 300 300 300
Total Common Equity		 1,956 1,976 2,006 1,997 2,033 2,014 1,826 1,974 2,126 2,700 2,740
Common Stock		 1,777 1,783 1,796 1,802 1,808 1,815 1,815 1,823 1,824 2,305 2,318
Retained Earnings		 830 944 1,043 1,189 1,336 1,421 1,529 1,689 1,868 1,979 2,106
Treasury Stock		 -652 -740 -838 -1,002 -1,126 -1,238 -1,587 -1,590 -1,612 -1,639 -1,741
Accumulated Other Comprehensive Income / (Loss)		 0.35 -11 5.02 8.29 15 17 70 52 47 56 57

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 Q3 2025 Q1 2026
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 6/30/2025 12/31/2025
Total Assets		 20,159 21,654 22,325 22,553 22,640 30,140 28,581 27,684 27,645 26,732 27,286
Cash and Due from Banks		 607 646 1,119 1,140 1,145 1,506 2,493 1,508 1,231 809 735
Trading Account Securities		 2,629 2,513 2,452 2,470 2,434 5,890 3,345 3,281 3,669 3,900 4,907
Loans and Leases, Net of Allowance		 0.00 0.00 17,272 17,384 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 56 75 79 82 87 115 103 103 102 99 98
Premises and Equipment, Net		 244 240 236 237 237 243 245 249 251 254 271
Intangible Assets		 309 309 309 309 311 454 452 449 447 444 443
Other Assets		 16,313 17,870 860 930 18,426 21,932 21,943 22,094 21,945 21,224 20,832
Total Liabilities & Shareholders' Equity		 20,159 21,654 22,325 22,553 22,640 30,140 28,581 27,684 27,645 26,732 27,286
Total Liabilities		 17,939 19,329 19,950 20,159 20,188 27,218 25,622 24,663 24,612 23,718 24,256
Interest Bearing Deposits		 15,996 15,978 15,905 16,154 16,058 21,389 21,224 21,459 21,472 21,420 21,438
Long-Term Debt		 1,700 3,075 3,800 3,750 3,875 5,490 4,079 2,915 2,815 1,991 2,488
Other Long-Term Liabilities		 243 277 245 255 255 340 319 289 325 306 330
Commitments & Contingencies		 0.00 0.00 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 3,014 3,029
Total Preferred & Common Equity		 2,220 2,324 2,375 2,394 2,452 2,922 2,958 3,022 3,033 3,014 3,029
Preferred Stock		 300 300 300 300 300 300 300 300 300 300 300
Total Common Equity		 1,920 2,024 2,075 2,094 2,152 2,622 2,658 2,722 2,733 2,714 2,729
Common Stock		 1,821 1,826 1,820 1,822 1,828 2,297 2,300 2,309 2,312 2,315 2,320
Retained Earnings		 1,635 1,749 1,795 1,837 1,907 1,902 1,942 2,002 2,033 2,070 2,146
Treasury Stock		 -1,590 -1,592 -1,584 -1,612 -1,629 -1,630 -1,639 -1,642 -1,664 -1,712 -1,799
Accumulated Other Comprehensive Income / (Loss)		 54 42 44 47 47 52 55 53 51 42 62

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 2025
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 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.04% 2.95% 3.61% 6.63% 5.26% 2.41% 1.65% 16.85% 12.33% -2.82% 0.55%
EBITDA Growth		 -2.61% -0.20% 15.06% 2.59% -3.64% -11.59% 2.92% 36.31% -4.28% 12.07% -23.05%
EBIT Growth		 -3.01% -0.89% 6.99% 1.03% 1.80% -16.34% 6.18% 28.65% 8.52% -21.28% 13.50%
NOPAT Growth		 -3.01% 1.99% 9.60% 18.21% 2.78% -17.27% 5.69% 28.67% 9.10% -22.34% 13.39%
Net Income Growth		 1.88% 2.33% 5.78% 17.47% 3.14% -17.51% 5.87% 28.71% 8.93% -22.29% 13.01%
EPS Growth		 7.74% 6.59% 8.99% 23.71% 8.75% -13.41% 5.75% 41.84% 9.73% -32.80% 5.20%
Operating Cash Flow Growth		 -17.76% 55.19% -18.95% 6.12% 22.73% -28.82% 88.75% -14.63% -20.30% 105.29% -46.05%
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% 4,084.05%
Invested Capital Growth		 -3.01% 7.13% 4.31% 2.27% -1.01% 10.07% -18.41% 14.38% 38.12% 3.99% -23.13%
Revenue Q/Q Growth		 1.28% -0.27% 2.26% 0.55% 0.95% -1.89% 4.63% 5.95% -1.34% 1.50% -0.05%
EBITDA Q/Q Growth		 -3.97% 9.99% 16.75% 18.55% 0.45% 6.21% 28.09% 33.75% -3.10% 66.35% 23.13%
EBIT Q/Q Growth		 -0.25% 1.66% 0.33% 0.33% -0.52% -10.15% 11.80% 10.18% -9.50% 9.13% -0.84%
NOPAT Q/Q Growth		 -0.25% 3.07% 0.79% 2.91% 0.64% -9.42% 10.68% 9.53% -8.33% 5.72% -0.03%
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% -0.24%
EPS Q/Q Growth		 2.45% 1.71% 2.11% 4.80% 1.16% -7.76% 11.16% 11.88% -8.60% 0.40% -0.75%
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% -14.21%
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% -25.26%
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% -2.97%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 56.86% 55.13% 61.22% 58.91% 53.93% 46.56% 47.13% 54.99% 46.86% 54.03% 41.35%
EBIT Margin		 52.92% 50.95% 52.61% 49.85% 48.21% 39.38% 41.14% 45.30% 43.76% 35.45% 40.01%
Profit (Net Income) Margin		 35.32% 35.11% 35.84% 39.49% 38.69% 31.17% 32.46% 35.76% 34.67% 27.72% 31.16%
Tax Burden Percent		 64.25% 66.11% 67.73% 79.24% 80.01% 79.13% 78.76% 78.77% 79.19% 78.12% 78.05%
Interest Burden Percent		 103.87% 104.22% 100.59% 99.96% 100.31% 100.01% 100.18% 100.22% 100.05% 100.12% 99.78%
Effective Tax Rate		 35.75% 33.89% 32.27% 20.76% 19.99% 20.87% 21.24% 21.23% 20.81% 21.88% 21.95%
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% 4.05%
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% 4.04%
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% 3.43%
Return on Equity (ROE)		 8.16% 8.35% 8.72% 10.19% 10.43% 8.57% 8.87% 10.74% 10.95% 7.37% 7.49%
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% 30.22%
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% 1.06%
Return on Assets (ROA)		 1.09% 1.11% 1.15% 1.31% 1.30% 0.98% 0.96% 1.17% 1.19% 0.79% 0.83%
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% 6.74%
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% 7.44%
Net Operating Profit after Tax (NOPAT)		 154 157 173 204 210 173 183 236 257 200 227
NOPAT Margin		 34.00% 33.69% 35.63% 39.50% 38.58% 31.16% 32.40% 35.68% 34.65% 27.69% 31.23%
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% 0.02%
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% 45.10%
Operating Expenses to Revenue		 49.54% 50.39% 47.82% 51.20% 52.09% 56.71% 58.77% 54.25% 50.65% 62.13% 58.92%
Earnings before Interest and Taxes (EBIT)		 240 238 255 257 262 219 233 299 325 256 290
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 258 258 296 304 293 259 267 363 348 390 300
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 0.87
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 1.04
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 3.29
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 11.29
Dividend Yield		 3.04% 2.59% 2.51% 2.52% 2.50% 4.74% 2.92% 3.39% 4.00% 2.96% 3.53%
Earnings Yield		 9.66% 8.55% 7.15% 9.17% 8.39% 12.49% 8.19% 12.11% 15.16% 6.55% 8.86%
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 0.79
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 5.30
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 12.82
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 13.25
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 16.98
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 16.23
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 2.28
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 0.60
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 0.60
Financial Leverage		 0.96 0.99 1.08 1.14 1.14 1.22 1.07 0.87 1.23 1.28 0.85
Leverage Ratio		 7.46 7.49 7.57 7.77 8.03 8.71 9.29 9.19 9.20 9.31 9.07
Compound Leverage Factor		 7.75 7.81 7.62 7.77 8.05 8.72 9.30 9.21 9.21 9.32 9.05
Debt to Total Capital		 48.34% 51.29% 52.59% 53.85% 52.53% 57.27% 44.72% 48.30% 60.07% 52.52% 37.42%
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		 48.34% 51.29% 52.59% 53.85% 52.53% 57.27% 44.72% 48.30% 60.07% 52.52% 37.42%
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% 6.18%
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		 51.66% 48.71% 47.41% 46.15% 47.47% 42.73% 47.48% 44.88% 34.99% 42.74% 56.41%
Debt to EBITDA		 7.09 8.07 7.51 7.66 7.68 10.42 6.45 5.85 10.49 8.51 6.06
Net Debt to EBITDA		 5.99 6.33 6.45 6.78 6.25 3.85 -1.39 3.97 7.67 2.40 3.87
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 6.06
Debt to NOPAT		 11.86 13.21 12.90 11.43 10.73 15.57 9.38 9.01 14.19 16.61 8.02
Net Debt to NOPAT		 10.02 10.35 11.08 10.11 8.73 5.75 -2.02 6.11 10.38 4.69 5.12
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 8.02
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.25% 13.64% 12.76% 11.06% 9.93%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 272 -113 -2.44 108 254 -258 1,051 -317 -1,420 -42 1,688
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% 877.02%
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 2.46
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 0.35
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 0.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 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 2.85
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 4,857
Invested Capital Turnover		 0.12 0.12 0.12 0.12 0.13 0.12 0.13 0.16 0.14 0.12 0.13
Increase / (Decrease) in Invested Capital		 -118 270 175 96 -44 431 -868 553 1,677 242 -1,462
Enterprise Value (EV)		 3,206 3,548 4,339 4,285 4,337 2,386 2,048 3,571 4,570 4,068 3,847
Market Capitalization		 1,660 1,918 2,427 2,224 2,506 1,389 2,119 1,830 1,601 2,830 2,387
Book Value per Share		 $20.81 $21.83 $22.68 $23.90 $25.60 $26.60 $26.88 $30.22 $32.85 $33.25 $34.77
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 $29.16
Total Capital		 3,786 4,056 4,231 4,327 4,283 4,714 3,846 4,399 6,076 6,319 4,857
Total Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318 1,817
Total Long-Term Debt		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318 1,817
Net Debt		 1,546 1,630 1,912 2,061 1,831 997 -371 1,441 2,669 937 1,160
Capital Expenditures (CapEx)		 40 27 10 27 20 -23 26 12 14 23 27
Net Nonoperating Expense (NNE)		 -5.98 -6.64 -1.01 0.08 -0.65 -0.02 -0.34 -0.51 -0.14 -0.24 0.49
Net Nonoperating Obligations (NNO)		 1,830 2,080 2,225 2,330 2,250 2,700 1,720 2,125 3,650 3,318 1,817
Total Depreciation and Amortization (D&A)		 18 20 42 47 31 40 34 64 23 134 9.72
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 $2.64
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 80.18M
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 $2.63
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 80.26M
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 $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 76.70M
Normalized Net Operating Profit after Tax (NOPAT)		 154 157 173 204 210 173 183 236 257 200 227
Normalized NOPAT Margin		 34.00% 33.69% 35.63% 39.50% 38.58% 31.16% 32.40% 35.68% 34.65% 27.69% 31.23%
Pre Tax Income Margin		 54.97% 53.10% 52.92% 49.83% 48.36% 39.39% 41.21% 45.39% 43.79% 35.49% 39.92%
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 0.42
NOPAT to Interest Expense		 1.32 1.35 1.47 1.51 1.10 1.14 2.12 3.29 0.73 0.28 0.33
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 0.38
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 0.29
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% 43.91%
Augmented Payout Ratio		 110.93% 88.71% 99.63% 108.04% 89.02% 102.99% 229.23% 33.62% 42.30% 57.97% 89.00%

Quarterly Metrics And Ratios for WaFd

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.78% -5.35% -15.46% -7.09% 6.56% 5.99% 2.84% 4.54% -4.21% -0.21% 11.82%
EBITDA Growth		 -3.21% -39.46% -53.92% 197.80% -23.81% -68.94% 118.07% -79.07% -6.84% 272.23% -22.64%
EBIT Growth		 -2.02% -36.49% -31.54% -73.71% 5.19% 36.05% -14.37% 224.14% -3.53% -3.03% 37.32%
NOPAT Growth		 -2.75% -31.68% -28.43% -74.45% 5.62% 21.42% -17.61% 234.07% -3.97% -0.12% 36.53%
Net Income Growth		 -2.40% -31.59% -26.48% -75.90% 4.51% 21.77% -19.14% 254.05% -4.04% -0.89% 35.82%
EPS Growth		 -2.20% -32.71% -26.72% -82.11% -15.73% 1.39% -36.47% 282.35% -2.67% -2.74% 46.30%
Operating Cash Flow Growth		 -77.14% -14.61% 66.81% 277.47% 213.35% 16.58% -55.17% -57.37% -8.14% -40.61% 22.35%
Free Cash Flow Firm Growth		 -775.70% -239.32% 39.98% -1.00% 61.67% 88.87% 150.27% 218.06% 352.65% 941.49% 10.25%
Invested Capital Growth		 56.73% 38.12% 17.18% 36.21% 14.54% 3.99% -6.18% -30.48% -28.88% -23.13% -7.05%
Revenue Q/Q Growth		 -1.43% -2.43% -6.53% 3.36% 13.05% -2.96% -9.30% 5.06% 3.60% 1.09% 1.63%
EBITDA Q/Q Growth		 11.43% -28.77% -28.34% 423.55% -71.49% -70.96% 403.20% -49.76% 26.90% 16.02% 4.57%
EBIT Q/Q Growth		 -7.03% -24.65% 17.71% -68.11% 271.96% -2.55% -25.92% 20.71% 10.70% -2.04% 4.91%
NOPAT Q/Q Growth		 -7.38% -17.65% 13.01% -70.36% 282.93% -5.34% -23.32% 20.19% 10.07% -1.55% 4.82%
Net Income Q/Q Growth		 -6.31% -18.72% 16.42% -72.82% 306.34% -5.30% -22.69% 19.01% 10.13% -2.19% 5.94%
EPS Q/Q Growth		 -6.32% -19.10% 18.06% -80.00% 341.18% -2.67% -26.03% 20.37% 12.31% -2.74% 11.27%
Operating Cash Flow Q/Q Growth		 -55.04% 311.25% 33.04% 53.46% -62.68% 53.00% -48.84% 45.93% -19.59% -1.08% 5.40%
Free Cash Flow Firm Q/Q Growth		 1.57% 24.78% 46.48% -154.91% 62.65% 78.17% 341.84% 498.68% -20.07% -27.29% -68.32%
Invested Capital Q/Q Growth		 -0.50% -1.10% 4.12% 32.94% -16.33% -10.22% -6.05% -1.49% -14.40% -2.97% 13.61%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 51.28% 37.44% 28.71% 145.41% 36.66% 10.97% 60.87% 29.11% 35.66% 40.92% 42.11%
EBIT Margin		 43.17% 33.34% 41.98% 12.95% 42.62% 42.79% 34.96% 40.16% 42.92% 41.59% 42.93%
Profit (Net Income) Margin		 33.85% 28.20% 35.13% 9.24% 33.20% 32.40% 27.62% 31.29% 33.26% 32.18% 33.55%
Tax Burden Percent		 77.71% 84.93% 81.54% 75.79% 78.03% 75.79% 78.45% 78.12% 77.68% 78.07% 78.00%
Interest Burden Percent		 100.92% 99.60% 102.61% 94.10% 99.85% 99.90% 100.72% 99.72% 99.78% 99.13% 100.19%
Effective Tax Rate		 22.29% 15.07% 18.46% 24.21% 21.97% 24.21% 21.55% 21.88% 22.33% 21.93% 22.00%
Return on Invested Capital (ROIC)		 5.02% 4.01% 4.16% 0.94% 3.59% 3.78% 3.25% 3.23% 4.02% 4.22% 4.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.04% 4.01% 4.20% 0.92% 3.58% 3.77% 3.26% 3.23% 4.01% 4.19% 4.36%
Return on Net Nonoperating Assets (RNNOA)		 5.95% 4.92% 6.11% 1.61% 5.24% 4.85% 4.04% 4.50% 4.08% 3.57% 3.90%
Return on Equity (ROE)		 10.97% 8.94% 10.27% 2.55% 8.83% 8.62% 7.29% 7.73% 8.10% 7.78% 8.26%
Cash Return on Invested Capital (CROIC)		 -38.62% -27.11% -11.82% -28.12% -10.69% -0.68% 9.47% 39.18% 37.51% 30.22% 11.56%
Operating Return on Assets (OROA)		 1.52% 1.14% 1.35% 0.35% 1.18% 1.22% 1.01% 1.02% 1.13% 1.10% 1.16%
Return on Assets (ROA)		 1.19% 0.97% 1.13% 0.25% 0.92% 0.93% 0.80% 0.79% 0.87% 0.85% 0.91%
Return on Common Equity (ROCE)		 9.54% 7.79% 8.98% 2.26% 7.84% 7.67% 6.49% 6.95% 7.28% 7.01% 7.44%
Return on Equity Simple (ROE_SIMPLE)		 11.72% 0.00% 9.64% 6.38% 6.39% 0.00% 6.25% 7.56% 7.52% 0.00% 8.02%
Net Operating Profit after Tax (NOPAT)		 61 50 57 17 65 61 47 56 62 61 64
NOPAT Margin		 33.55% 28.31% 34.23% 9.82% 33.25% 32.44% 27.42% 31.37% 33.33% 32.46% 33.48%
Net Nonoperating Expense Percent (NNEP)		 -0.02% 0.01% -0.04% 0.02% 0.00% 0.00% -0.01% 0.00% 0.00% 0.02% 0.00%
SG&A Expenses to Revenue		 39.77% 38.39% 43.32% 56.37% 41.92% 41.84% 49.61% 43.77% 43.09% 44.25% 41.67%
Operating Expenses to Revenue		 51.90% 51.78% 58.02% 77.74% 56.61% 57.21% 65.04% 58.31% 56.01% 56.82% 55.25%
Earnings before Interest and Taxes (EBIT)		 79 59 70 22 83 81 60 72 80 78 82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 94 67 48 250 71 21 104 52 66 77 81
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.80 0.75 0.96 0.71 0.87 1.05 0.96 0.85 0.86 0.87 0.90
Price to Tangible Book Value (P/TBV)		 0.94 0.88 1.12 0.85 1.05 1.26 1.15 1.02 1.03 1.04 1.07
Price to Revenue (P/Rev)		 2.22 2.16 2.90 2.65 3.25 3.92 3.61 3.18 3.23 3.29 3.29
Price to Earnings (P/E)		 6.27 6.59 9.31 10.77 13.24 15.27 15.05 10.86 11.07 11.29 10.76
Dividend Yield		 3.86% 4.00% 3.14% 3.54% 3.60% 2.96% 3.23% 3.67% 3.62% 3.53% 3.37%
Earnings Yield		 15.94% 15.16% 10.74% 9.29% 7.55% 6.55% 6.64% 9.21% 9.03% 8.86% 9.30%
Enterprise Value to Invested Capital (EV/IC)		 0.75 0.75 0.81 0.73 0.60 0.64 0.73 0.72 0.76 0.79 0.82
Enterprise Value to Revenue (EV/Rev)		 6.09 6.16 7.16 8.77 5.90 5.64 5.96 5.74 5.27 5.30 6.05
Enterprise Value to EBITDA (EV/EBITDA)		 12.76 13.14 17.45 26.63 17.91 10.43 9.70 16.96 15.72 12.82 16.32
Enterprise Value to EBIT (EV/EBIT)		 12.76 14.07 17.40 26.63 17.91 15.90 17.62 14.25 13.08 13.25 14.43
Enterprise Value to NOPAT (EV/NOPAT)		 16.32 17.76 21.71 33.05 22.21 20.36 22.82 18.39 16.89 16.98 18.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.07 21.36 19.74 16.03 9.86 9.26 11.44 14.98 13.86 16.23 18.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 7.46 1.51 1.70 2.28 6.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.57 1.50 1.58 1.88 1.38 1.11 0.96 0.93 0.66 0.60 0.82
Long-Term Debt to Equity		 1.57 1.50 1.58 1.88 1.38 1.11 0.96 0.93 0.66 0.60 0.82
Financial Leverage		 1.18 1.23 1.46 1.75 1.46 1.28 1.24 1.39 1.02 0.85 0.89
Leverage Ratio		 9.26 9.20 9.27 9.90 9.55 9.31 9.19 9.70 9.26 9.07 9.08
Compound Leverage Factor		 9.34 9.16 9.52 9.32 9.54 9.30 9.26 9.68 9.24 8.99 9.10
Debt to Total Capital		 61.03% 60.07% 61.25% 65.26% 57.96% 52.52% 49.10% 48.14% 39.78% 37.42% 45.10%
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		 61.03% 60.07% 61.25% 65.26% 57.96% 52.52% 49.10% 48.14% 39.78% 37.42% 45.10%
Preferred Equity to Total Capital		 4.88% 4.94% 4.74% 3.57% 4.26% 4.75% 5.05% 5.13% 5.99% 6.18% 5.44%
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		 34.08% 34.99% 34.01% 31.17% 37.77% 42.74% 45.85% 46.73% 54.23% 56.41% 49.47%
Debt to EBITDA		 10.45 10.49 13.27 23.84 17.41 8.51 6.53 11.33 8.17 6.06 9.00
Net Debt to EBITDA		 7.27 7.67 9.35 17.30 6.77 2.40 3.15 6.37 4.85 3.87 6.34
Long-Term Debt to EBITDA		 10.45 10.49 13.27 23.84 17.41 8.51 6.53 11.33 8.17 6.06 9.00
Debt to NOPAT		 13.36 14.19 16.51 29.59 21.59 16.61 15.36 12.28 8.79 8.02 10.21
Net Debt to NOPAT		 9.30 10.38 11.63 21.47 8.40 4.69 7.42 6.91 5.21 5.12 7.20
Long-Term Debt to NOPAT		 13.36 14.19 16.51 29.59 21.59 16.61 15.36 12.28 8.79 8.02 10.21
Noncontrolling Interest Sharing Ratio		 13.00% 12.76% 12.56% 11.33% 11.21% 11.06% 10.96% 10.08% 10.05% 9.93% 9.92%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,163 -1,627 -871 -2,219 -829 -181 438 2,620 2,094 1,523 483
Operating Cash Flow to CapEx		 340.14% 2,238.16% 1,418.32% 4,823.32% 1,299.65% 1,342.14% 1,039.10% 1,298.79% 1,176.37% 487.26% 579.59%
Free Cash Flow to Firm to Interest Expense		 -20.84 -13.78 -6.47 -13.85 -3.86 -0.90 2.31 14.96 12.79 9.72 3.19
Operating Cash Flow to Interest Expense		 0.19 0.70 0.82 1.06 0.29 0.48 0.26 0.41 0.35 0.37 0.40
Operating Cash Flow Less CapEx to Interest Expense		 0.14 0.67 0.76 1.03 0.27 0.44 0.24 0.38 0.32 0.29 0.33
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 3.13 3.09 2.98 2.92 2.95 2.98 2.99 2.97 2.91 2.85 2.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,144 6,076 6,327 8,411 7,038 6,319 5,936 5,848 5,005 4,857 5,518
Invested Capital Turnover		 0.15 0.14 0.12 0.10 0.11 0.12 0.12 0.10 0.12 0.13 0.13
Increase / (Decrease) in Invested Capital		 2,224 1,677 928 2,236 894 242 -391 -2,564 -2,032 -1,462 -418
Enterprise Value (EV)		 4,579 4,570 5,095 6,132 4,197 4,068 4,330 4,214 3,829 3,847 4,510
Market Capitalization		 1,669 1,601 2,064 1,849 2,310 2,830 2,623 2,331 2,347 2,387 2,457
Book Value per Share		 $31.83 $32.85 $33.47 $40.50 $32.65 $33.25 $33.45 $33.51 $33.86 $34.77 $35.59
Tangible Book Value per Share		 $27.13 $28.05 $28.63 $33.50 $27.10 $27.73 $27.93 $28.03 $28.32 $29.16 $29.81
Total Capital		 6,144 6,076 6,327 8,411 7,038 6,319 5,936 5,848 5,005 4,857 5,518
Total Debt		 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488
Total Long-Term Debt		 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488
Net Debt		 2,610 2,669 2,730 3,984 1,587 937 1,407 1,583 1,182 1,160 1,753
Capital Expenditures (CapEx)		 5.93 3.70 7.77 3.51 4.86 7.20 4.76 5.55 4.93 12 10
Net Nonoperating Expense (NNE)		 -0.56 0.20 -1.49 1.00 0.10 0.06 -0.34 0.16 0.14 0.53 -0.12
Net Nonoperating Obligations (NNO)		 3,750 3,650 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488
Total Depreciation and Amortization (D&A)		 15 7.30 -22 228 -12 -60 44 -20 -14 -1.25 -1.56
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.72 $0.79
Adjusted Weighted Average Basic Shares Outstanding		 65.19M 65.19M 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M 79.89M 80.18M 76.97M
Adjusted Diluted Earnings per Share		 $0.89 $0.72 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.71 $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 65.21M 65.26M 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M 79.91M 80.26M 77.02M
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		 64.73M 64.81M 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M 78.79M 76.70M 75.86M
Normalized Net Operating Profit after Tax (NOPAT)		 61 50 57 17 65 61 47 56 62 61 64
Normalized NOPAT Margin		 33.55% 28.31% 34.23% 9.82% 33.25% 32.44% 27.42% 31.37% 33.33% 32.46% 33.48%
Pre Tax Income Margin		 43.57% 33.21% 43.08% 12.19% 42.55% 42.75% 35.21% 40.05% 42.82% 41.22% 43.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.76 0.50 0.52 0.14 0.39 0.40 0.32 0.41 0.49 0.50 0.54
NOPAT to Interest Expense		 0.59 0.43 0.42 0.11 0.30 0.30 0.25 0.32 0.38 0.39 0.42
EBIT Less CapEx to Interest Expense		 0.70 0.47 0.46 0.12 0.36 0.37 0.29 0.38 0.46 0.42 0.47
NOPAT Less CapEx to Interest Expense		 0.53 0.40 0.37 0.08 0.28 0.27 0.22 0.29 0.35 0.32 0.35
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 27.80% 30.46% 33.35% 42.43% 44.42% 44.44% 49.68% 43.17% 43.81% 43.91% 40.62%
Augmented Payout Ratio		 38.67% 42.30% 52.72% 67.08% 58.61% 57.97% 56.78% 58.23% 76.17% 89.00% 105.04%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from WaFd (WAFD) using the last four years of quarterly statements. Items are ordered with positive items first, then neutral, and finally negative items.

  • Rising net income from continuing operations: Net income from continuing operations rose to $64,196,000 in Q1 2026, up from $47,267,000 in Q1 2025 (restated), reflecting improved profitability over the period.
  • Top-line growth: Total revenue increased to $191,366,000 in Q1 2026 from $171,133,000 in Q1 2025, indicating solid top-line expansion.
  • Strengthening net interest income: Net interest income reached $171,111,000 in Q1 2026, up from $160,910,000 in Q4 2025 and $167,988,000 in Q3 2025, signaling healthy core lending margins.
  • Consistent operating cash flow generation: Net cash provided by continuing operating activities was $60,480,000 in Q1 2026, underscoring ongoing cash generation.
  • Solid liquidity and capitalization: Balance-sheet liquidity is strong with cash and due from banks at $734,915,000 and trading account securities near $4.91 billion; Total common equity around $2.73 billion and total equity roughly $3.03 billion provide a healthy capital base.
  • Large, diversified balance-sheet assets: The balance sheet shows a very large “Other Assets” position (about $20.8–$21.9 billion in recent quarters), which dominates asset mix and may warrant closer look at composition and risk without more detail.
  • Non-interest income remains a smaller, variable contributor: Non-interest income trends are modest relative to total revenue and exhibit quarter-to-quarter fluctuations without a clear, sustained driver.
  • Modest but variable credit reserves: Provision for credit losses is relatively small (roughly $3.0–$3.5 million per quarter) with occasional upticks, indicating ongoing reserve management.
  • Financing activity can be lumpy: Net cash from continuing financing activities has swung into negative territory in some quarters (e.g., about $-150.6 million in Q3 2025), highlighting reliance on capital-market activity at times.
  • Significant investing outlays press cash flow: Substantial net purchases of investment securities (for example, about $1.054 billion in Q1 2026) have contributed to investing-cash outflows and could pressure near-term liquidity if market conditions tighten.
05/06/26 12:48 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About WaFd's Financials

When does WaFd's financial year end?

According to the most recent income statement we have on file, WaFd's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

How has WaFd's net income changed over the last 10 years?

WaFd's net income appears to be on an upward trend, with a most recent value of $226.07 million in 2025, rising from $160.32 million in 2015. The previous period was $200.04 million in 2024. Find out what analysts predict for WaFd in the coming months.

How has WaFd's revenue changed over the last 10 years?

Over the last 10 years, WaFd's total revenue changed from $453.90 million in 2015 to $725.48 million in 2025, a change of 59.8%.

How much debt does WaFd have?

WaFd's total liabilities were at $23.66 billion at the end of 2025, a 5.6% decrease from 2024, and a 87.6% increase since 2015.

How much cash does WaFd have?

In the past 10 years, WaFd's cash and equivalents has ranged from $268.65 million in 2018 to $2.38 billion in 2024, and is currently $657.31 million as of their latest financial filing in 2025.

How has WaFd's book value per share changed over the last 10 years?

Over the last 10 years, WaFd's book value per share changed from 20.81 in 2015 to 34.77 in 2025, a change of 67.1%.


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Financial statements for NASDAQ:WAFD last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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