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WaFd (WAFDP) Financials

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$16.59 +0.07 (+0.42%)
As of 09/3/2026 04:00 PM Eastern
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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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 55 12 61 57 44 53 58 57 61 62 62
Consolidated Net Income / (Loss)		 58 16 65 61 47 56 62 61 64 66 66
Net Income / (Loss) Continuing Operations		 58 16 65 61 47 56 62 61 64 66 66
Total Pre-Tax Income 		72 21 83 81 60 72 80 78 82 84 84
Total Revenue		 166 172 194 189 171 180 186 188 191 197 206
Net Interest Income / (Expense)		 152 159 177 173 155 161 168 170 171 178 181
Total Interest Income		 287 319 392 374 345 336 332 327 322 325 332
Loans and Leases Interest Income		 246 274 337 309 287 282 279 272 264 262 267
Investment Securities Interest Income		 41 44 55 65 59 54 52 55 58 63 65
Total Interest Expense		 135 160 215 201 190 175 164 157 151 147 151
Deposits Interest Expense		 97 116 154 165 162 152 147 144 136 126 123
Long-Term Debt Interest Expense		 38 44 60 36 28 23 17 13 15 21 28
Total Non-Interest Income		 14 13 17 16 16 19 18 18 20 20 24
Other Service Charges		 14 13 17 16 16 19 18 18 20 19 24
Net Realized & Unrealized Capital Gains on Investments		 0.19 0.10 0.13 0.16 0.03 0.07 0.06 0.03 0.02 0.43 0.10
Other Non-Interest Income		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00
Provision for Credit Losses		 0.00 16 1.50 - 0.00 2.75 2.00 3.00 3.50 4.00 11
Total Non-Interest Expense		 97 134 110 108 111 105 104 107 106 110 110
Salaries and Employee Benefits		 50 73 57 54 60 53 53 56 54 57 57
Net Occupancy & Equipment Expense		 22 24 24 25 25 26 27 27 26 28 28
Property & Liability Insurance Claims		 6.57 7.90 7.60 6.80 4.85 5.80 5.15 4.40 5.40 5.05 5.54
Other Operating Expenses		 18 29 21 22 22 20 19 19 21 20 19
Nonoperating Income / (Expense), net		 1.83 -1.32 -0.12 -0.08 0.43 -0.20 -0.18 -0.68 0.16 0.28 0.17
Income Tax Expense		 13 5.07 18 20 13 16 18 17 18 18 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		 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.72 $0.79 $0.82 $0.85
Weighted Average Basic Shares Outstanding		 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M 79.89M 80.18M 76.97M 75.49M 73.90M
Diluted Earnings per Share		 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.71 $0.79 $0.82 $0.84
Weighted Average Diluted Shares Outstanding		 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M 79.91M 80.26M 77.02M 75.57M 74.05M
Weighted Average Basic & Diluted Shares Outstanding		 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M 78.79M 76.70M 75.86M 73.89M 74.00M
Cash Dividends to Common per Share		 $0.25 $0.26 $0.26 $0.26 $0.26 $0.27 $0.27 $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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 164 361 987 -111 -873 -276 -422 -152 78 -65 6.67
Net Cash From Operating Activities		 110 169 63 97 49 72 58 57 60 79 70
Net Cash From Continuing Operating Activities		 110 169 63 97 49 72 58 57 60 79 70
Net Income / (Loss) Continuing Operations		 58 16 65 61 47 56 62 61 64 66 66
Consolidated Net Income / (Loss)		 58 16 65 61 47 56 62 61 64 66 66
Provision For Loan Losses		 - 16 1.50 - 0.00 - 2.00 3.00 3.50 4.00 11
Depreciation Expense		 -22 228 -12 -60 44 -20 -14 -1.25 -1.56 8.58 6.04
Non-Cash Adjustments to Reconcile Net Income		 -3.00 2.10 0.44 -0.19 -0.41 0.56 0.16 1.23 -3.74 1.43 -3.43
Changes in Operating Assets and Liabilities, net		 77 -93 8.22 96 -42 32 7.41 -6.20 -1.91 -0.18 -9.47
Net Cash From Investing Activities		 -71 480 2,515 363 -515 -214 469 -59 -512 -391 -42
Net Cash From Continuing Investing Activities		 -71 480 2,515 363 -515 -214 469 -59 -512 -391 -42
Purchase of Property, Leasehold Improvements and Equipment		 -8.20 -4.43 -4.86 -7.20 -6.45 -5.55 -4.93 -12 -10 -11 -6.91
Purchase of Investment Securities		 -206 -371 -314 -313 -660 -647 -526 -554 -1,053 -528 -420
Sale of Property, Leasehold Improvements and Equipment		 0.42 0.92 - - 1.69 - - - 0.01 3.75 7.39
Sale and/or Maturity of Investments		 224 1,101 2,953 584 196 276 338 312 299 293 443
Other Investing Activities, net		 -82 -247 -119 99 -46 163 661 195 253 -148 -65
Net Cash From Financing Activities		 125 -288 -1,592 -571 -408 -134 -949 -151 529 247 -22
Net Cash From Continuing Financing Activities		 125 -288 -1,592 -571 -408 -134 -949 -151 529 247 -22
Net Change in Deposits		 -32 -337 -149 193 65 -11 -41 51 -21 -293 -192
Issuance of Debt		 6,050 5,338 4,549 1,100 2,168 3,200 2,525 3,126 3,876 4,125 4,176
Issuance of Common Equity		 1.22 0.75 0.52 2.70 2.51 0.44 0.62 0.37 0.49 0.48 3.25
Repayment of Debt		 -5,825 -5,300 -5,948 -1,865 -2,575 -3,301 -3,350 -3,301 -3,206 -3,500 -3,976
Repurchase of Common Equity		 -17 -0.24 -9.52 -0.25 -3.41 -21 -48 -29 -58 -87 -0.32
Payment of Dividends		 -20 -20 -25 -25 -25 -25 -25 -25 -24 -24 -23
Other Financing Activities, Net		 -33 30 -10 23 -41 25 -11 26 -39 25 -9.10
Cash Interest Paid		 131 180 224 204 229 178 174 166 116 159 201
Cash Income Taxes Paid		 -0.74 12 3.00 6.22 0.20 23 8.10 10 0.13 21 17

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 3/31/2026 6/30/2026
Total Assets		 22,325 22,553 22,640 30,140 28,581 27,684 27,645 26,732 27,286 27,569 27,597
Cash and Due from Banks		 1,119 1,140 1,145 1,506 2,493 1,508 1,231 809 735 670 676
Trading Account Securities		 2,452 2,470 2,434 5,890 3,345 3,281 3,669 3,900 4,907 5,098 5,049
Loans and Leases, Net of Allowance		 17,272 17,384 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 79 82 87 115 103 103 102 99 98 99 99
Premises and Equipment, Net		 236 237 237 243 245 249 251 254 271 294 292
Intangible Assets		 309 309 311 454 452 449 447 444 443 446 444
Other Assets		 860 930 18,426 21,932 21,943 22,094 21,945 21,224 20,832 20,963 21,038
Total Liabilities & Shareholders' Equity		 22,325 22,553 22,640 30,140 28,581 27,684 27,645 26,732 27,286 27,569 27,597
Total Liabilities		 19,950 20,159 20,188 27,218 25,622 24,663 24,612 23,718 24,256 24,588 24,574
Interest Bearing Deposits		 15,905 16,154 16,058 21,389 21,224 21,459 21,472 21,420 21,438 21,170 20,968
Long-Term Debt		 3,800 3,750 3,875 5,490 4,079 2,915 2,815 1,991 2,488 3,115 3,316
Other Long-Term Liabilities		 245 255 255 340 319 289 325 306 330 303 291
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		 2,375 2,394 2,452 2,922 2,958 3,022 3,033 3,014 3,029 2,981 3,023
Total Preferred & Common Equity		 2,375 2,394 2,452 2,922 2,958 3,022 3,033 3,014 3,029 2,981 3,023
Preferred Stock		 300 300 300 300 300 300 300 300 300 300 300
Total Common Equity		 2,075 2,094 2,152 2,622 2,658 2,722 2,733 2,714 2,729 2,681 2,723
Common Stock		 1,820 1,822 1,828 2,297 2,300 2,309 2,312 2,315 2,320 2,324 2,330
Retained Earnings		 1,795 1,837 1,907 1,902 1,942 2,002 2,033 2,070 2,146 2,188 2,230
Treasury Stock		 -1,584 -1,612 -1,629 -1,630 -1,639 -1,642 -1,664 -1,712 -1,799 -1,886 -1,886
Accumulated Other Comprehensive Income / (Loss)		 44 47 47 52 55 53 51 42 62 55 48

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 75,863,334.00 73,888,480.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 75,863,334.00 73,888,480.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.86 0.90
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -15.46% -7.09% 6.56% 5.99% 2.84% 4.54% -4.21% -0.21% 11.82% 9.78% 10.34%
EBITDA Growth		 -53.92% 197.80% -23.81% -68.94% 118.07% -79.07% -6.84% 272.23% -22.64% 75.99% 35.85%
EBIT Growth		 -31.54% -73.71% 5.19% 36.05% -14.37% 224.14% -3.53% -3.03% 37.32% 15.67% 5.31%
NOPAT Growth		 -28.43% -74.45% 5.62% 21.42% -17.61% 234.07% -3.97% -0.12% 36.53% 15.82% 6.30%
Net Income Growth		 -26.48% -75.90% 4.51% 21.77% -19.14% 254.05% -4.04% -0.89% 35.82% 16.53% 6.74%
EPS Growth		 -26.72% -82.11% -15.73% 1.39% -36.47% 282.35% -2.67% -2.74% 46.30% 26.15% 15.07%
Operating Cash Flow Growth		 66.81% 277.47% 213.35% 16.58% -55.17% -57.37% -8.14% -40.61% 22.35% 10.04% 21.15%
Free Cash Flow Firm Growth		 39.98% -1.00% 61.67% 88.87% 150.27% 218.06% 352.65% 941.49% 10.25% -106.98% -160.49%
Invested Capital Growth		 17.18% 36.21% 14.54% 3.99% -6.18% -30.48% -28.88% -23.13% -7.05% 4.25% 26.63%
Revenue Q/Q Growth		 -6.53% 3.36% 13.05% -2.96% -9.30% 5.06% 3.60% 1.09% 1.63% 3.14% 4.12%
EBITDA Q/Q Growth		 -28.34% 423.55% -71.49% -70.96% 403.20% -49.76% 26.90% 16.02% 4.57% 14.30% -2.04%
EBIT Q/Q Growth		 17.71% -68.11% 271.96% -2.55% -25.92% 20.71% 10.70% -2.04% 4.91% 1.68% 0.79%
NOPAT Q/Q Growth		 13.01% -70.36% 282.93% -5.34% -23.32% 20.19% 10.07% -1.55% 4.82% 1.96% 1.03%
Net Income Q/Q Growth		 16.42% -72.82% 306.34% -5.30% -22.69% 19.01% 10.13% -2.19% 5.94% 2.11% 0.89%
EPS Q/Q Growth		 18.06% -80.00% 341.18% -2.67% -26.03% 20.37% 12.31% -2.74% 11.27% 3.80% 2.44%
Operating Cash Flow Q/Q Growth		 33.04% 53.46% -62.68% 53.00% -48.84% 45.93% -19.59% -1.08% 5.40% 31.25% -11.47%
Free Cash Flow Firm Q/Q Growth		 46.48% -154.91% 62.65% 78.17% 341.84% 498.68% -20.07% -27.29% -68.32% -137.91% -592.48%
Invested Capital Q/Q Growth		 4.12% 32.94% -16.33% -10.22% -6.05% -1.49% -14.40% -2.97% 13.61% 10.48% 3.98%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 28.71% 145.41% 36.66% 10.97% 60.87% 29.11% 35.66% 40.92% 42.11% 46.67% 43.90%
EBIT Margin		 41.98% 12.95% 42.62% 42.79% 34.96% 40.16% 42.92% 41.59% 42.93% 42.32% 40.96%
Profit (Net Income) Margin		 35.13% 9.24% 33.20% 32.40% 27.62% 31.29% 33.26% 32.18% 33.55% 33.21% 32.18%
Tax Burden Percent		 81.54% 75.79% 78.03% 75.79% 78.45% 78.12% 77.68% 78.07% 78.00% 78.21% 78.40%
Interest Burden Percent		 102.61% 94.10% 99.85% 99.90% 100.72% 99.72% 99.78% 99.13% 100.19% 100.34% 100.20%
Effective Tax Rate		 18.46% 24.21% 21.97% 24.21% 21.55% 21.88% 22.33% 21.93% 22.00% 21.79% 21.60%
Return on Invested Capital (ROIC)		 4.16% 0.94% 3.59% 3.78% 3.25% 3.23% 4.02% 4.22% 4.36% 4.23% 4.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.20% 0.92% 3.58% 3.77% 3.26% 3.23% 4.01% 4.19% 4.36% 4.24% 4.44%
Return on Net Nonoperating Assets (RNNOA)		 6.11% 1.61% 5.24% 4.85% 4.04% 4.50% 4.08% 3.57% 3.90% 4.18% 3.90%
Return on Equity (ROE)		 10.27% 2.55% 8.83% 8.62% 7.29% 7.73% 8.10% 7.78% 8.26% 8.41% 8.33%
Cash Return on Invested Capital (CROIC)		 -11.82% -28.12% -10.69% -0.68% 9.47% 39.18% 37.51% 30.22% 11.56% 0.07% -18.98%
Operating Return on Assets (OROA)		 1.35% 0.35% 1.18% 1.22% 1.01% 1.02% 1.13% 1.10% 1.16% 1.17% 1.18%
Return on Assets (ROA)		 1.13% 0.25% 0.92% 0.93% 0.80% 0.79% 0.87% 0.85% 0.91% 0.92% 0.93%
Return on Common Equity (ROCE)		 8.98% 2.26% 7.84% 7.67% 6.49% 6.95% 7.28% 7.01% 7.44% 7.57% 7.50%
Return on Equity Simple (ROE_SIMPLE)		 9.64% 6.38% 6.39% 0.00% 6.25% 7.56% 7.52% 0.00% 8.02% 8.46% 8.49%
Net Operating Profit after Tax (NOPAT)		 57 17 65 61 47 56 62 61 64 65 66
NOPAT Margin		 34.23% 9.82% 33.25% 32.44% 27.42% 31.37% 33.33% 32.46% 33.48% 33.10% 32.11%
Net Nonoperating Expense Percent (NNEP)		 -0.04% 0.02% 0.00% 0.00% -0.01% 0.00% 0.00% 0.02% 0.00% -0.01% 0.00%
SG&A Expenses to Revenue		 43.32% 56.37% 41.92% 41.84% 49.61% 43.77% 43.09% 44.25% 41.67% 42.94% 41.55%
Operating Expenses to Revenue		 58.02% 77.74% 56.61% 57.21% 65.04% 58.31% 56.01% 56.82% 55.25% 55.66% 53.69%
Earnings before Interest and Taxes (EBIT)		 70 22 83 81 60 72 80 78 82 84 84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 250 71 21 104 52 66 77 81 92 90
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.96 0.71 0.87 1.05 0.96 0.85 0.86 0.87 0.90 0.89 1.04
Price to Tangible Book Value (P/TBV)		 1.12 0.85 1.05 1.26 1.15 1.02 1.03 1.04 1.07 1.07 1.24
Price to Revenue (P/Rev)		 2.90 2.65 3.25 3.92 3.61 3.18 3.23 3.29 3.29 3.12 3.62
Price to Earnings (P/E)		 9.31 10.77 13.24 15.27 15.05 10.86 11.07 11.29 10.76 10.02 11.72
Dividend Yield		 3.14% 3.54% 3.60% 2.96% 3.23% 3.67% 3.62% 3.53% 3.37% 4.30% 2.81%
Earnings Yield		 10.74% 9.29% 7.55% 6.55% 6.64% 9.21% 9.03% 8.86% 9.30% 9.98% 8.53%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.73 0.60 0.64 0.73 0.72 0.76 0.79 0.82 0.84 0.91
Enterprise Value to Revenue (EV/Rev)		 7.16 8.77 5.90 5.64 5.96 5.74 5.27 5.30 6.05 6.72 7.38
Enterprise Value to EBITDA (EV/EBITDA)		 17.45 26.63 17.91 10.43 9.70 16.96 15.72 12.82 16.32 16.22 16.98
Enterprise Value to EBIT (EV/EBIT)		 17.40 26.63 17.91 15.90 17.62 14.25 13.08 13.25 14.43 15.83 17.60
Enterprise Value to NOPAT (EV/NOPAT)		 21.71 33.05 22.21 20.36 22.82 18.39 16.89 16.98 18.51 20.29 22.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.74 16.03 9.86 9.26 11.44 14.98 13.86 16.23 18.19 20.09 21.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 7.46 1.51 1.70 2.28 6.81 1,179.04 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.58 1.88 1.38 1.11 0.96 0.93 0.66 0.60 0.82 1.04 1.10
Long-Term Debt to Equity		 1.58 1.88 1.38 1.11 0.96 0.93 0.66 0.60 0.82 1.04 1.10
Financial Leverage		 1.46 1.75 1.46 1.28 1.24 1.39 1.02 0.85 0.89 0.99 0.88
Leverage Ratio		 9.27 9.90 9.55 9.31 9.19 9.70 9.26 9.07 9.08 9.18 9.00
Compound Leverage Factor		 9.52 9.32 9.54 9.30 9.26 9.68 9.24 8.99 9.10 9.21 9.02
Debt to Total Capital		 61.25% 65.26% 57.96% 52.52% 49.10% 48.14% 39.78% 37.42% 45.10% 51.09% 52.31%
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		 61.25% 65.26% 57.96% 52.52% 49.10% 48.14% 39.78% 37.42% 45.10% 51.09% 52.31%
Preferred Equity to Total Capital		 4.74% 3.57% 4.26% 4.75% 5.05% 5.13% 5.99% 6.18% 5.44% 4.92% 4.73%
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		 34.01% 31.17% 37.77% 42.74% 45.85% 46.73% 54.23% 56.41% 49.47% 43.99% 42.95%
Debt to EBITDA		 13.27 23.84 17.41 8.51 6.53 11.33 8.17 6.06 9.00 9.85 9.75
Net Debt to EBITDA		 9.35 17.30 6.77 2.40 3.15 6.37 4.85 3.87 6.34 7.73 7.76
Long-Term Debt to EBITDA		 13.27 23.84 17.41 8.51 6.53 11.33 8.17 6.06 9.00 9.85 9.75
Debt to NOPAT		 16.51 29.59 21.59 16.61 15.36 12.28 8.79 8.02 10.21 12.33 12.93
Net Debt to NOPAT		 11.63 21.47 8.40 4.69 7.42 6.91 5.21 5.12 7.20 9.68 10.29
Long-Term Debt to NOPAT		 16.51 29.59 21.59 16.61 15.36 12.28 8.79 8.02 10.21 12.33 12.93
Noncontrolling Interest Sharing Ratio		 12.56% 11.33% 11.21% 11.06% 10.96% 10.08% 10.05% 9.93% 9.92% 9.98% 9.94%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -871 -2,219 -829 -181 438 2,620 2,094 1,523 483 -183 -1,267
Operating Cash Flow to CapEx		 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% 1,036.27% 0.00%
Free Cash Flow to Firm to Interest Expense		 -6.47 -13.85 -3.86 -0.90 2.31 14.96 12.79 9.72 3.19 -1.24 -8.40
Operating Cash Flow to Interest Expense		 0.82 1.06 0.29 0.48 0.26 0.41 0.35 0.37 0.40 0.54 0.47
Operating Cash Flow Less CapEx to Interest Expense		 0.76 1.03 0.27 0.44 0.24 0.38 0.32 0.29 0.33 0.49 0.47
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		 2.98 2.92 2.95 2.98 2.99 2.97 2.91 2.85 2.87 2.80 2.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,327 8,411 7,038 6,319 5,936 5,848 5,005 4,857 5,518 6,096 6,338
Invested Capital Turnover		 0.12 0.10 0.11 0.12 0.12 0.10 0.12 0.13 0.13 0.13 0.14
Increase / (Decrease) in Invested Capital		 928 2,236 894 242 -391 -2,564 -2,032 -1,462 -418 248 1,333
Enterprise Value (EV)		 5,095 6,132 4,197 4,068 4,330 4,214 3,829 3,847 4,510 5,127 5,774
Market Capitalization		 2,064 1,849 2,310 2,830 2,623 2,331 2,347 2,387 2,457 2,382 2,835
Book Value per Share		 $33.47 $40.50 $32.65 $33.25 $33.45 $33.51 $33.86 $34.77 $35.59 $35.34 $36.85
Tangible Book Value per Share		 $28.63 $33.50 $27.10 $27.73 $27.93 $28.03 $28.32 $29.16 $29.81 $29.47 $30.84
Total Capital		 6,327 8,411 7,038 6,319 5,936 5,848 5,005 4,857 5,518 6,096 6,338
Total Debt		 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488 3,115 3,316
Total Long-Term Debt		 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488 3,115 3,316
Net Debt		 2,730 3,984 1,587 937 1,407 1,583 1,182 1,160 1,753 2,445 2,639
Capital Expenditures (CapEx)		 7.77 3.51 4.86 7.20 4.76 5.55 4.93 12 10 7.66 -0.47
Net Nonoperating Expense (NNE)		 -1.49 1.00 0.10 0.06 -0.34 0.16 0.14 0.53 -0.12 -0.22 -0.13
Net Nonoperating Obligations (NNO)		 3,875 5,490 4,079 3,318 2,915 2,815 1,991 1,817 2,488 3,115 3,316
Total Depreciation and Amortization (D&A)		 -22 228 -12 -60 44 -20 -14 -1.25 -1.56 8.58 6.04
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.72 $0.79 $0.82 $0.85
Adjusted Weighted Average Basic Shares Outstanding		 64.30M 70.13M 81.37M 74.24M 81.29M 81.06M 79.89M 80.18M 76.97M 75.49M 73.90M
Adjusted Diluted Earnings per Share		 $0.85 $0.17 $0.75 $0.73 $0.54 $0.65 $0.73 $0.71 $0.79 $0.82 $0.84
Adjusted Weighted Average Diluted Shares Outstanding		 64.31M 70.16M 81.39M 74.29M 81.40M 81.11M 79.91M 80.26M 77.02M 75.57M 74.05M
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		 64.74M 81.41M 81.22M 81.35M 81.55M 80.16M 78.79M 76.70M 75.86M 73.89M 74.00M
Normalized Net Operating Profit after Tax (NOPAT)		 57 17 65 61 47 56 62 61 64 65 66
Normalized NOPAT Margin		 34.23% 9.82% 33.25% 32.44% 27.42% 31.37% 33.33% 32.46% 33.48% 33.10% 32.11%
Pre Tax Income Margin		 43.08% 12.19% 42.55% 42.75% 35.21% 40.05% 42.82% 41.22% 43.01% 42.46% 41.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.52 0.14 0.39 0.40 0.32 0.41 0.49 0.50 0.54 0.57 0.56
NOPAT to Interest Expense		 0.42 0.11 0.30 0.30 0.25 0.32 0.38 0.39 0.42 0.44 0.44
EBIT Less CapEx to Interest Expense		 0.46 0.12 0.36 0.37 0.29 0.38 0.46 0.42 0.47 0.52 0.56
NOPAT Less CapEx to Interest Expense		 0.37 0.08 0.28 0.27 0.22 0.29 0.35 0.32 0.35 0.39 0.44
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.35% 42.43% 44.42% 44.44% 49.68% 43.17% 43.81% 43.91% 40.62% 38.54% 37.30%
Augmented Payout Ratio		 52.72% 67.08% 58.61% 57.97% 56.78% 58.23% 76.17% 89.00% 105.04% 126.70% 105.29%

Financials Breakdown Chart

Key Financial Trends

WaFd’s latest statements show a business with improving quarterly earnings momentum, although the balance sheet and cash-flow data require some caution because several historical figures have been restated and the standardized statements report zero net loans and leases in recent quarters.

  • Quarterly revenue is trending higher. Total revenue increased from $191.4 million in Q1 2026 to $197.4 million in Q2 and $205.5 million in Q3. Q3 revenue was approximately 10% above the restated Q3 2025 figure of $186.3 million.
  • Net interest income continues to recover. Net interest income rose to $181.3 million in Q3 2026 from $177.6 million in Q2 and $171.1 million in Q1. It was also up from $168.0 million in Q3 2025, as lower deposit interest expense more than offset weaker loan-interest income.
  • Net income and earnings per share are improving. Q3 2026 consolidated net income was $66.1 million, compared with $62.0 million in Q3 2025. Diluted EPS increased to $0.84 from $0.73, helped by higher earnings and a lower diluted share count of 74.0 million versus 79.9 million a year earlier.
  • Operating cash flow remains consistently positive. WaFd generated $70.3 million of operating cash flow in Q3 2026, following $79.3 million in Q2 and $60.5 million in Q1. The latest figure was higher than the $58.0 million generated in the restated Q3 2025 period.
  • Cash-flow pressure eased in the latest quarter. Net cash increased by $6.7 million in Q3 2026, compared with a $65.1 million decline in Q2 and a $151.9 million decline in Q4 2025. Financing outflows narrowed to $21.6 million, while investing outflows were $42.0 million.
  • Capital returned to common shareholders remains meaningful. The common dividend was $0.27 per share in each quarter of fiscal 2026, up from $0.26 in fiscal 2024. Q3 dividend payments totaled $23.3 million, while common-stock repurchases were relatively modest at $319,000.
  • Shareholder equity has held relatively steady. Total equity increased to $3.02 billion at June 30, 2026, from $3.01 billion a year earlier. Retained earnings also rose to $2.23 billion from $2.07 billion, partially offsetting the impact of dividends and share repurchases.
  • Investment securities have become a larger part of the reported asset base. Trading account securities were $5.05 billion at June 30, 2026, up from $3.90 billion a year earlier but below the $5.90 billion reported in Q2 2024. This shift may provide interest income and liquidity, but it also increases sensitivity to market valuations and interest rates.
  • Funding remains heavily dependent on interest-bearing deposits and debt. Interest-bearing deposits totaled $21.0 billion and long-term debt totaled $3.32 billion at the latest quarter. Long-term debt was up substantially from $1.99 billion a year earlier, which could increase funding costs and balance-sheet risk if market rates remain elevated.
  • Credit costs increased in Q3. The provision for credit losses rose to $11.0 million from $4.0 million in Q2 and $3.5 million in Q1. Although the provision remains below the $16.0 million reported in Q2 2024, the latest increase reduced the benefit from stronger pre-provision earnings and could signal rising credit risk.

Non-interest income also improved, reaching $24.2 million in Q3 2026 versus $18.3 million in the restated year-ago quarter. However, non-interest expense increased to $110.3 million from $104.3 million, led by higher occupancy and equipment costs, salaries, and other operating expenses. This means continued revenue growth will need to outpace expense growth to produce further margin expansion.

The statements do not permit a clean assessment of loan growth because net loans and leases are reported as zero in the 2025 and 2026 balance sheets, despite loans being reported at $17.4 billion in Q3 2023. That discontinuity likely reflects a classification, transaction, or standardization issue rather than an actual disappearance of the lending portfolio. Investors should review WaFd’s filed reports for reported loan balances, credit quality, net interest margin, and regulatory capital ratios before drawing conclusions about the company’s underlying banking performance.

09/04/26 02:12 AM ETAI Generated. May Contain Errors.

WaFd Financials - Frequently Asked Questions

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.

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.

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%.

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.

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.

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:WAFDP last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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