WaFd (WAFDP) Financials

$16.19 -0.16 (-0.98%)

Closing price 05/19/2026 04:00 PM Eastern

Extended Trading

$16.18 -0.02 (-0.09%)

As of 05/19/2026 04:04 PM Eastern

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

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	47	55	12	61	57	44	53	58	57	61	62
Consolidated Net Income / (Loss)	50	58	16	65	61	47	56	62	61	64	66
Net Income / (Loss) Continuing Operations	50	58	16	65	61	47	56	62	61	64	66
Total Pre-Tax Income	59	72	21	83	81	60	72	80	78	82	84
Total Revenue	178	166	172	194	189	171	180	186	188	191	197
Net Interest Income / (Expense)	164	152	159	177	173	155	161	168	170	171	178
Total Interest Income	282	287	319	392	374	345	336	332	327	322	325
Loans and Leases Interest Income	241	246	274	337	309	287	282	279	272	264	262
Investment Securities Interest Income	41	41	44	55	65	59	54	52	55	58	63
Total Interest Expense	118	135	160	215	201	190	175	164	157	151	147
Deposits Interest Expense	83	97	116	154	165	162	152	147	144	136	126
Long-Term Debt Interest Expense	35	38	44	60	36	28	23	17	13	15	21
Total Non-Interest Income	14	14	13	17	16	16	19	18	18	20	20
Other Service Charges	14	14	13	17	16	16	19	18	18	20	19
Net Realized & Unrealized Capital Gains on Investments	0.07	0.19	0.10	0.13	0.16	0.03	0.07	0.06	0.03	0.02	0.43
Other Non-Interest Income	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Provision for Credit Losses	27	0.00	16	1.50	-	0.00	2.75	2.00	3.00	3.50	4.00
Total Non-Interest Expense	92	97	134	110	108	111	105	104	107	106	110
Salaries and Employee Benefits	46	50	73	57	54	60	53	53	56	54	57
Net Occupancy & Equipment Expense	23	22	24	24	25	25	26	27	27	26	28
Property & Liability Insurance Claims	7.00	6.57	7.90	7.60	6.80	4.85	5.80	5.15	4.40	5.40	5.05
Other Operating Expenses	17	18	29	21	22	22	20	19	19	21	20
Nonoperating Income / (Expense), net	-0.24	1.83	-1.32	-0.12	-0.08	0.43	-0.20	-0.18	-0.68	0.16	0.28
Income Tax Expense	8.91	13	5.07	18	20	13	16	18	17	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	$0.72	$0.85	$0.17	$0.75	$0.73	$0.54	$0.65	$0.73	$0.72	$0.79	$0.82
Weighted Average Basic Shares Outstanding	65.19M	64.30M	70.13M	81.37M	74.24M	81.29M	81.06M	79.89M	80.18M	76.97M	75.49M
Diluted Earnings per Share	$0.72	$0.85	$0.17	$0.75	$0.73	$0.54	$0.65	$0.73	$0.71	$0.79	$0.82
Weighted Average Diluted Shares Outstanding	65.26M	64.31M	70.16M	81.39M	74.29M	81.40M	81.11M	79.91M	80.26M	77.02M	75.57M
Weighted Average Basic & Diluted Shares Outstanding	64.81M	64.74M	81.41M	81.22M	81.35M	81.55M	80.16M	78.79M	76.70M	75.86M	73.89M
Cash Dividends to Common per Share	$0.25	$0.25	$0.26	$0.26	$0.26	$0.26	$0.27	$0.27	$0.27	$0.27	$0.27

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

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026
Net Change in Cash & Equivalents	-159	164	361	987	-111	-873	-276	-422	-152	78	-65
Net Cash From Operating Activities	83	110	169	63	97	49	72	58	57	60	79
Net Cash From Continuing Operating Activities	83	110	169	63	97	49	72	58	57	60	79
Net Income / (Loss) Continuing Operations	50	58	16	65	61	47	56	62	61	64	66
Consolidated Net Income / (Loss)	50	58	16	65	61	47	56	62	61	64	66
Provision For Loan Losses	27	-	16	1.50	-	0.00	-	2.00	3.00	3.50	4.00
Depreciation Expense	7.30	-22	228	-12	-60	44	-20	-14	-1.25	-1.56	8.58
Non-Cash Adjustments to Reconcile Net Income	0.27	-3.00	2.10	0.44	-0.19	-0.41	0.56	0.16	1.23	-3.74	1.43
Changes in Operating Assets and Liabilities, net	-1.41	77	-93	8.22	96	-42	32	7.41	-6.20	-1.91	-0.18
Net Cash From Investing Activities	-91	-71	480	2,515	363	-515	-214	469	-59	-512	-391
Net Cash From Continuing Investing Activities	-91	-71	480	2,515	363	-515	-214	469	-59	-512	-391
Purchase of Property, Leasehold Improvements and Equipment	-3.85	-8.20	-4.43	-4.86	-7.20	-6.45	-5.55	-4.93	-12	-10	-11
Purchase of Investment Securities	-208	-206	-371	-314	-313	-660	-647	-526	-554	-1,053	-528
Sale of Property, Leasehold Improvements and Equipment	0.14	0.42	0.92	-	-	1.69	-	-	-	0.01	3.75
Sale and/or Maturity of Investments	243	224	1,101	2,953	584	196	276	338	312	299	293
Other Investing Activities, net	-122	-82	-247	-119	99	-46	163	661	195	253	-148
Net Cash From Financing Activities	-150	125	-288	-1,592	-571	-408	-134	-949	-151	529	247
Net Cash From Continuing Financing Activities	-150	125	-288	-1,592	-571	-408	-134	-949	-151	529	247
Net Change in Deposits	-50	-32	-337	-149	193	65	-11	-41	51	-21	-293
Issuance of Debt	3,600	6,050	5,338	4,549	1,100	2,168	3,200	2,525	3,126	3,876	4,125
Issuance of Common Equity	0.05	1.22	0.75	0.52	2.70	2.51	0.44	0.62	0.37	0.49	0.48
Repayment of Debt	-3,700	-5,825	-5,300	-5,948	-1,865	-2,575	-3,301	-3,350	-3,301	-3,206	-3,500
Repurchase of Common Equity	-0.01	-17	-0.24	-9.52	-0.25	-3.41	-21	-48	-29	-58	-87
Payment of Dividends	-20	-20	-20	-25	-25	-25	-25	-25	-25	-24	-24
Other Financing Activities, Net	19	-33	30	-10	23	-41	25	-11	26	-39	25
Cash Interest Paid	121	131	180	224	204	229	178	174	166	116	159
Cash Income Taxes Paid	14	-0.74	12	3.00	6.22	0.20	23	8.10	10	0.13	21

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

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026
Total Assets	21,654	22,325	22,553	22,640	30,140	28,581	27,684	27,645	26,732	27,286	27,569
Cash and Due from Banks	646	1,119	1,140	1,145	1,506	2,493	1,508	1,231	809	735	670
Trading Account Securities	2,513	2,452	2,470	2,434	5,890	3,345	3,281	3,669	3,900	4,907	5,098
Loans and Leases, Net of Allowance	0.00	17,272	17,384	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	75	79	82	87	115	103	103	102	99	98	99
Premises and Equipment, Net	240	236	237	237	243	245	249	251	254	271	294
Intangible Assets	309	309	309	311	454	452	449	447	444	443	446
Other Assets	17,870	860	930	18,426	21,932	21,943	22,094	21,945	21,224	20,832	20,963
Total Liabilities & Shareholders' Equity	21,654	22,325	22,553	22,640	30,140	28,581	27,684	27,645	26,732	27,286	27,569
Total Liabilities	19,329	19,950	20,159	20,188	27,218	25,622	24,663	24,612	23,718	24,256	24,588
Interest Bearing Deposits	15,978	15,905	16,154	16,058	21,389	21,224	21,459	21,472	21,420	21,438	21,170
Long-Term Debt	3,075	3,800	3,750	3,875	5,490	4,079	2,915	2,815	1,991	2,488	3,115
Other Long-Term Liabilities	277	245	255	255	340	319	289	325	306	330	303
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	2,324	2,375	2,394	2,452	2,922	2,958	3,022	3,033	3,014	3,029	2,981
Total Preferred & Common Equity	2,324	2,375	2,394	2,452	2,922	2,958	3,022	3,033	3,014	3,029	2,981
Preferred Stock	300	300	300	300	300	300	300	300	300	300	300
Total Common Equity	2,024	2,075	2,094	2,152	2,622	2,658	2,722	2,733	2,714	2,729	2,681
Common Stock	1,826	1,820	1,822	1,828	2,297	2,300	2,309	2,312	2,315	2,320	2,324
Retained Earnings	1,749	1,795	1,837	1,907	1,902	1,942	2,002	2,033	2,070	2,146	2,188
Treasury Stock	-1,592	-1,584	-1,612	-1,629	-1,630	-1,639	-1,642	-1,664	-1,712	-1,799	-1,886
Accumulated Other Comprehensive Income / (Loss)	42	44	47	47	52	55	53	51	42	62	55

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%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	75,863,334.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	75,863,334.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.86
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.35%	-15.46%	-7.09%	6.56%	5.99%	2.84%	4.54%	-4.21%	-0.21%	11.82%	9.78%
EBITDA Growth	-39.46%	-53.92%	197.80%	-23.81%	-68.94%	118.07%	-79.07%	-6.84%	272.23%	-22.64%	75.99%
EBIT Growth	-36.49%	-31.54%	-73.71%	5.19%	36.05%	-14.37%	224.14%	-3.53%	-3.03%	37.32%	15.67%
NOPAT Growth	-31.68%	-28.43%	-74.45%	5.62%	21.42%	-17.61%	234.07%	-3.97%	-0.12%	36.53%	15.82%
Net Income Growth	-31.59%	-26.48%	-75.90%	4.51%	21.77%	-19.14%	254.05%	-4.04%	-0.89%	35.82%	16.53%
EPS Growth	-32.71%	-26.72%	-82.11%	-15.73%	1.39%	-36.47%	282.35%	-2.67%	-2.74%	46.30%	26.15%
Operating Cash Flow Growth	-14.61%	66.81%	277.47%	213.35%	16.58%	-55.17%	-57.37%	-8.14%	-40.61%	22.35%	10.04%
Free Cash Flow Firm Growth	-239.32%	39.98%	-1.00%	61.67%	88.87%	150.27%	218.06%	352.65%	941.49%	10.25%	-106.98%
Invested Capital Growth	38.12%	17.18%	36.21%	14.54%	3.99%	-6.18%	-30.48%	-28.88%	-23.13%	-7.05%	4.25%
Revenue Q/Q Growth	-2.43%	-6.53%	3.36%	13.05%	-2.96%	-9.30%	5.06%	3.60%	1.09%	1.63%	3.14%
EBITDA Q/Q Growth	-28.77%	-28.34%	423.55%	-71.49%	-70.96%	403.20%	-49.76%	26.90%	16.02%	4.57%	14.30%
EBIT Q/Q Growth	-24.65%	17.71%	-68.11%	271.96%	-2.55%	-25.92%	20.71%	10.70%	-2.04%	4.91%	1.68%
NOPAT Q/Q Growth	-17.65%	13.01%	-70.36%	282.93%	-5.34%	-23.32%	20.19%	10.07%	-1.55%	4.82%	1.96%
Net Income Q/Q Growth	-18.72%	16.42%	-72.82%	306.34%	-5.30%	-22.69%	19.01%	10.13%	-2.19%	5.94%	2.11%
EPS Q/Q Growth	-19.10%	18.06%	-80.00%	341.18%	-2.67%	-26.03%	20.37%	12.31%	-2.74%	11.27%	3.80%
Operating Cash Flow Q/Q Growth	311.25%	33.04%	53.46%	-62.68%	53.00%	-48.84%	45.93%	-19.59%	-1.08%	5.40%	31.25%
Free Cash Flow Firm Q/Q Growth	24.78%	46.48%	-154.91%	62.65%	78.17%	341.84%	498.68%	-20.07%	-27.29%	-68.32%	-137.91%
Invested Capital Q/Q Growth	-1.10%	4.12%	32.94%	-16.33%	-10.22%	-6.05%	-1.49%	-14.40%	-2.97%	13.61%	10.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.44%	28.71%	145.41%	36.66%	10.97%	60.87%	29.11%	35.66%	40.92%	42.11%	46.67%
EBIT Margin	33.34%	41.98%	12.95%	42.62%	42.79%	34.96%	40.16%	42.92%	41.59%	42.93%	42.32%
Profit (Net Income) Margin	28.20%	35.13%	9.24%	33.20%	32.40%	27.62%	31.29%	33.26%	32.18%	33.55%	33.21%
Tax Burden Percent	84.93%	81.54%	75.79%	78.03%	75.79%	78.45%	78.12%	77.68%	78.07%	78.00%	78.21%
Interest Burden Percent	99.60%	102.61%	94.10%	99.85%	99.90%	100.72%	99.72%	99.78%	99.13%	100.19%	100.34%
Effective Tax Rate	15.07%	18.46%	24.21%	21.97%	24.21%	21.55%	21.88%	22.33%	21.93%	22.00%	21.79%
Return on Invested Capital (ROIC)	4.01%	4.16%	0.94%	3.59%	3.78%	3.25%	3.23%	4.02%	4.22%	4.36%	4.23%
ROIC Less NNEP Spread (ROIC-NNEP)	4.01%	4.20%	0.92%	3.58%	3.77%	3.26%	3.23%	4.01%	4.19%	4.36%	4.24%
Return on Net Nonoperating Assets (RNNOA)	4.92%	6.11%	1.61%	5.24%	4.85%	4.04%	4.50%	4.08%	3.57%	3.90%	4.18%
Return on Equity (ROE)	8.94%	10.27%	2.55%	8.83%	8.62%	7.29%	7.73%	8.10%	7.78%	8.26%	8.41%
Cash Return on Invested Capital (CROIC)	-27.11%	-11.82%	-28.12%	-10.69%	-0.68%	9.47%	39.18%	37.51%	30.22%	11.56%	0.07%
Operating Return on Assets (OROA)	1.14%	1.35%	0.35%	1.18%	1.22%	1.01%	1.02%	1.13%	1.10%	1.16%	1.17%
Return on Assets (ROA)	0.97%	1.13%	0.25%	0.92%	0.93%	0.80%	0.79%	0.87%	0.85%	0.91%	0.92%
Return on Common Equity (ROCE)	7.79%	8.98%	2.26%	7.84%	7.67%	6.49%	6.95%	7.28%	7.01%	7.44%	7.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.64%	6.38%	6.39%	0.00%	6.25%	7.56%	7.52%	0.00%	8.02%	8.46%
Net Operating Profit after Tax (NOPAT)	50	57	17	65	61	47	56	62	61	64	65
NOPAT Margin	28.31%	34.23%	9.82%	33.25%	32.44%	27.42%	31.37%	33.33%	32.46%	33.48%	33.10%
Net Nonoperating Expense Percent (NNEP)	0.01%	-0.04%	0.02%	0.00%	0.00%	-0.01%	0.00%	0.00%	0.02%	0.00%	-0.01%
SG&A Expenses to Revenue	38.39%	43.32%	56.37%	41.92%	41.84%	49.61%	43.77%	43.09%	44.25%	41.67%	42.94%
Operating Expenses to Revenue	51.78%	58.02%	77.74%	56.61%	57.21%	65.04%	58.31%	56.01%	56.82%	55.25%	55.66%
Earnings before Interest and Taxes (EBIT)	59	70	22	83	81	60	72	80	78	82	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	48	250	71	21	104	52	66	77	81	92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.75	0.96	0.71	0.87	1.05	0.96	0.85	0.86	0.87	0.90	0.89
Price to Tangible Book Value (P/TBV)	0.88	1.12	0.85	1.05	1.26	1.15	1.02	1.03	1.04	1.07	1.07
Price to Revenue (P/Rev)	2.16	2.90	2.65	3.25	3.92	3.61	3.18	3.23	3.29	3.29	3.12
Price to Earnings (P/E)	6.59	9.31	10.77	13.24	15.27	15.05	10.86	11.07	11.29	10.76	10.02
Dividend Yield	4.00%	3.14%	3.54%	3.60%	2.96%	3.23%	3.67%	3.62%	3.53%	3.37%	4.30%
Earnings Yield	15.16%	10.74%	9.29%	7.55%	6.55%	6.64%	9.21%	9.03%	8.86%	9.30%	9.98%
Enterprise Value to Invested Capital (EV/IC)	0.75	0.81	0.73	0.60	0.64	0.73	0.72	0.76	0.79	0.82	0.84
Enterprise Value to Revenue (EV/Rev)	6.16	7.16	8.77	5.90	5.64	5.96	5.74	5.27	5.30	6.05	6.72
Enterprise Value to EBITDA (EV/EBITDA)	13.14	17.45	26.63	17.91	10.43	9.70	16.96	15.72	12.82	16.32	16.22
Enterprise Value to EBIT (EV/EBIT)	14.07	17.40	26.63	17.91	15.90	17.62	14.25	13.08	13.25	14.43	15.83
Enterprise Value to NOPAT (EV/NOPAT)	17.76	21.71	33.05	22.21	20.36	22.82	18.39	16.89	16.98	18.51	20.29
Enterprise Value to Operating Cash Flow (EV/OCF)	21.36	19.74	16.03	9.86	9.26	11.44	14.98	13.86	16.23	18.19	20.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	7.46	1.51	1.70	2.28	6.81	1,179.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.50	1.58	1.88	1.38	1.11	0.96	0.93	0.66	0.60	0.82	1.04
Long-Term Debt to Equity	1.50	1.58	1.88	1.38	1.11	0.96	0.93	0.66	0.60	0.82	1.04
Financial Leverage	1.23	1.46	1.75	1.46	1.28	1.24	1.39	1.02	0.85	0.89	0.99
Leverage Ratio	9.20	9.27	9.90	9.55	9.31	9.19	9.70	9.26	9.07	9.08	9.18
Compound Leverage Factor	9.16	9.52	9.32	9.54	9.30	9.26	9.68	9.24	8.99	9.10	9.21
Debt to Total Capital	60.07%	61.25%	65.26%	57.96%	52.52%	49.10%	48.14%	39.78%	37.42%	45.10%	51.09%
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	60.07%	61.25%	65.26%	57.96%	52.52%	49.10%	48.14%	39.78%	37.42%	45.10%	51.09%
Preferred Equity to Total Capital	4.94%	4.74%	3.57%	4.26%	4.75%	5.05%	5.13%	5.99%	6.18%	5.44%	4.92%
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	34.99%	34.01%	31.17%	37.77%	42.74%	45.85%	46.73%	54.23%	56.41%	49.47%	43.99%
Debt to EBITDA	10.49	13.27	23.84	17.41	8.51	6.53	11.33	8.17	6.06	9.00	9.85
Net Debt to EBITDA	7.67	9.35	17.30	6.77	2.40	3.15	6.37	4.85	3.87	6.34	7.73
Long-Term Debt to EBITDA	10.49	13.27	23.84	17.41	8.51	6.53	11.33	8.17	6.06	9.00	9.85
Debt to NOPAT	14.19	16.51	29.59	21.59	16.61	15.36	12.28	8.79	8.02	10.21	12.33
Net Debt to NOPAT	10.38	11.63	21.47	8.40	4.69	7.42	6.91	5.21	5.12	7.20	9.68
Long-Term Debt to NOPAT	14.19	16.51	29.59	21.59	16.61	15.36	12.28	8.79	8.02	10.21	12.33
Noncontrolling Interest Sharing Ratio	12.76%	12.56%	11.33%	11.21%	11.06%	10.96%	10.08%	10.05%	9.93%	9.92%	9.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,627	-871	-2,219	-829	-181	438	2,620	2,094	1,523	483	-183
Operating Cash Flow to CapEx	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%	1,036.27%
Free Cash Flow to Firm to Interest Expense	-13.78	-6.47	-13.85	-3.86	-0.90	2.31	14.96	12.79	9.72	3.19	-1.24
Operating Cash Flow to Interest Expense	0.70	0.82	1.06	0.29	0.48	0.26	0.41	0.35	0.37	0.40	0.54
Operating Cash Flow Less CapEx to Interest Expense	0.67	0.76	1.03	0.27	0.44	0.24	0.38	0.32	0.29	0.33	0.49
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	3.09	2.98	2.92	2.95	2.98	2.99	2.97	2.91	2.85	2.87	2.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,076	6,327	8,411	7,038	6,319	5,936	5,848	5,005	4,857	5,518	6,096
Invested Capital Turnover	0.14	0.12	0.10	0.11	0.12	0.12	0.10	0.12	0.13	0.13	0.13
Increase / (Decrease) in Invested Capital	1,677	928	2,236	894	242	-391	-2,564	-2,032	-1,462	-418	248
Enterprise Value (EV)	4,570	5,095	6,132	4,197	4,068	4,330	4,214	3,829	3,847	4,510	5,127
Market Capitalization	1,601	2,064	1,849	2,310	2,830	2,623	2,331	2,347	2,387	2,457	2,382
Book Value per Share	$32.85	$33.47	$40.50	$32.65	$33.25	$33.45	$33.51	$33.86	$34.77	$35.59	$35.34
Tangible Book Value per Share	$28.05	$28.63	$33.50	$27.10	$27.73	$27.93	$28.03	$28.32	$29.16	$29.81	$29.47
Total Capital	6,076	6,327	8,411	7,038	6,319	5,936	5,848	5,005	4,857	5,518	6,096
Total Debt	3,650	3,875	5,490	4,079	3,318	2,915	2,815	1,991	1,817	2,488	3,115
Total Long-Term Debt	3,650	3,875	5,490	4,079	3,318	2,915	2,815	1,991	1,817	2,488	3,115
Net Debt	2,669	2,730	3,984	1,587	937	1,407	1,583	1,182	1,160	1,753	2,445
Capital Expenditures (CapEx)	3.70	7.77	3.51	4.86	7.20	4.76	5.55	4.93	12	10	7.66
Net Nonoperating Expense (NNE)	0.20	-1.49	1.00	0.10	0.06	-0.34	0.16	0.14	0.53	-0.12	-0.22
Net Nonoperating Obligations (NNO)	3,650	3,875	5,490	4,079	3,318	2,915	2,815	1,991	1,817	2,488	3,115
Total Depreciation and Amortization (D&A)	7.30	-22	228	-12	-60	44	-20	-14	-1.25	-1.56	8.58
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.85	$0.17	$0.75	$0.73	$0.54	$0.65	$0.73	$0.72	$0.79	$0.82
Adjusted Weighted Average Basic Shares Outstanding	65.19M	64.30M	70.13M	81.37M	74.24M	81.29M	81.06M	79.89M	80.18M	76.97M	75.49M
Adjusted Diluted Earnings per Share	$0.72	$0.85	$0.17	$0.75	$0.73	$0.54	$0.65	$0.73	$0.71	$0.79	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	65.26M	64.31M	70.16M	81.39M	74.29M	81.40M	81.11M	79.91M	80.26M	77.02M	75.57M
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	64.81M	64.74M	81.41M	81.22M	81.35M	81.55M	80.16M	78.79M	76.70M	75.86M	73.89M
Normalized Net Operating Profit after Tax (NOPAT)	50	57	17	65	61	47	56	62	61	64	65
Normalized NOPAT Margin	28.31%	34.23%	9.82%	33.25%	32.44%	27.42%	31.37%	33.33%	32.46%	33.48%	33.10%
Pre Tax Income Margin	33.21%	43.08%	12.19%	42.55%	42.75%	35.21%	40.05%	42.82%	41.22%	43.01%	42.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.50	0.52	0.14	0.39	0.40	0.32	0.41	0.49	0.50	0.54	0.57
NOPAT to Interest Expense	0.43	0.42	0.11	0.30	0.30	0.25	0.32	0.38	0.39	0.42	0.44
EBIT Less CapEx to Interest Expense	0.47	0.46	0.12	0.36	0.37	0.29	0.38	0.46	0.42	0.47	0.52
NOPAT Less CapEx to Interest Expense	0.40	0.37	0.08	0.28	0.27	0.22	0.29	0.35	0.32	0.35	0.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.46%	33.35%	42.43%	44.42%	44.44%	49.68%	43.17%	43.81%	43.91%	40.62%	38.54%
Augmented Payout Ratio	42.30%	52.72%	67.08%	58.61%	57.97%	56.78%	58.23%	76.17%	89.00%	105.04%	126.70%

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.

05/20/26 12:30 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%.

Related Companies

Financial statements for NASDAQ:WAFDP last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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WaFd (WAFDP) Financials

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WaFd Financials - Frequently Asked Questions

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WaFd (WAFDP) Financials

Annual Income Statements for WaFd

Quarterly Income Statements for WaFd

Annual Cash Flow Statements for WaFd

Quarterly Cash Flow Statements for WaFd

Annual Balance Sheets for WaFd

Quarterly Balance Sheets for WaFd

Annual Metrics And Ratios for WaFd

Quarterly Metrics And Ratios for WaFd

Financials Breakdown Chart

Key Financial Trends

WaFd Financials - Frequently Asked Questions

When does WaFd's financial year end?

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

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

How much debt does WaFd have?

How much cash does WaFd have?

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

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