WaFd Inc. (WAFD) remains well-positioned for growth driven by higher rates, strategic acquisitions, balance sheet restructuring initiatives and decent loan demand. However, a rising expense base and weakening asset quality remain concerns. WaFd remains focused on its organic growth strategy. The company's revenues reflected a 7.5% compound annual growth rate (CAGR) over the last five fiscal years (2018-2023). This was primarily driven by a rise in net loan balances, which witnessed an 8.8% CAGR over the sam ...

资产负债表和财务状况 - 公司完成与Luther Burbank Corporation的合并，新增约77亿美元资产[276] - 合并后公司在九个西部州拥有十家加州分行[276] - 总资产增加61.06亿美元至285.808亿美元，主要由于并购LBC公司资产77.65亿美元[295] - 贷款总额增加33.97亿美元，现金及现金等价物增加15.12亿美元，投资证券增加4.58亿美元[295] - 现金及现金等价物为24.93亿美元，股东权益为29.58亿美元，为公司提供灵活的利率风险管理能力[296] - 客户存款增加51.14亿美元至211.85亿美元，主要由于并购LBC公司增加56.40亿美元[302] - 总借款增加2.84亿美元至39.35亿美元，主要由于并购LBC公司增加14.32亿美元[302] - 公司及银行均达到监管资本充足率要求，被监管机构评定为"资本充足"[308] 资产质量和贷款组合 - 公司持有的447,638,000美元按摊余成本计量的抵押贷款支持证券未实现亏损为49,633,000美元[280] - 公司持有的2,428,769,000美元按公允价值计量的可供出售证券未实现亏损为79,454,000美元[280] - 不良资产增加10,863,000美元，增幅18.8%[319] - 贷款损失准备金增加26,617,000美元，增幅15.0%[327] - 商业贷款占总贷款的61.6%，消费贷款占38.4%[318] - 不良贷款中单一家庭住宅贷款占33.3%，商业房地产贷款占43.1%[321] - 不良资产占总资产的比例为0.24%[322] - 公司已重组的贷款如果不能履约将被列为不良贷款[324] - 公司的贷款损失准备为2.25亿美元，占总贷款的1.00%，管理层认为足以覆盖贷款组合和未使用承诺中的预期损失[328] 利率风险管理 - 公司采取措施降低利率风险敞口，包括增加短期贷款和活期存款[280] - 在利率上升200个基点的情况下，公司未来一年的净利息收入预计将增加7.2%[283] - 在利率上升200个基点的情况下，公司的净资产价值预计将下降26.13%[284] - 公司期末利差从2.61%下降至2.07%，主要是由于存款利率上升超过资产利率上升[286] - 公司执行利率互换合约对冲FHLB借款的利率风险，未实现收益为151,333,000美元[280] - 在利率下降100个基点的情况下,公司的净利息收入预计将下降1.64%[283] 流动性管理 - 公司出售了25亿美元的LBC多户型贷款组合，获得10亿美元现金[301] - 公司将部分LBC单户型贷款组合划分为持有待售，预计将在2024年8月完成出售[301] - 公司利用联邦储备银行的银行期限融资计划(BTFP)获得低成本资金支持流动性[300] - 现金及现金等价物增加1,511,855,000美元，增幅154.2%[314] 并购整合 - 公司完成与Luther Burbank Corporation的合并，新增约77亿美元资产[276] - 合并后公司在九个西部州拥有十家加州分行[276] - 总资产增加61.06亿美元至285.808亿美元，主要由于并购LBC公司资产77.65亿美元[295] - 客户存款增加51.14亿美元至211.85亿美元，主要由于并购LBC公司增加56.40亿美元[302] - 总借款增加2.84亿美元至39.35亿美元，主要由于并购LBC公司增加14.32亿美元[302] - 无形资产增加至4.52亿美元，主要是由于并购带来的商誉1.07亿美元和核心存款无形资产3.75亿美元[330] - 非利息支出增加1,538万美元或16.2%，主要是由于并购带来的薪酬、信息技术和无形资产摊销成本的增加[343] 经营业绩 - 净利息收入增加8.49百万美元或5.03%，主要是由于平均生息资产增加71.85亿美元，但净息差下降71个基点至2.56%[337] - 公司计提1.5百万美元的信贷损失准备，主要是由于商业贷款组合受高利率和通胀压力的持续影响[341] - 非利息收入增加3.48百万美元或25.3%，主要是由于并购带来的佣金收入增加和某些权益投资收益的增加[342]

WaFd, Inc. Fact Sheet June 30, 2024 ($ in Thousands) Exhibit 99.2 As of 12/23 As of 03/24 As of 06/24 Allowance for Credit Losses (ACL) - | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|-------|---------|-------|---------|-------|---------| | Total | $ | 201,820 | $ | 225,077 | $ | 225,324 | | ACL - Loans | | 179,320 | | 201,577 | | 203,824 | | ACL - Unfunded Commitments | | 22,500 | | 23,500 | | 21,500 | | Total ACL as a % of Gross Loans | | 1.04 % | | 1.00 % | | 1.00 % | | - ...

WaFd, Inc.’s (WAFD) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially.The quarter marked the first full quarter after the completion of the acquisition of Luther Burbank Corporation (LBC).The results reflected a rise in net interest income (NII) and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise ...

For the quarter ended June 2024, WaFd (WAFD) reported revenue of $194.44 million, up 6.6% over the same period last year. EPS came in at $0.76, compared to $0.89 in the year-ago quarter.The reported revenue represents a surprise of +7.70% over the Zacks Consensus Estimate of $180.55 million. With the consensus EPS estimate being $0.59, the EPS surprise was +28.81%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

WaFd (WAFD) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.81%. A quarter ago, it was expected that this holding company for Washington Federal Savings Bank would post earnings of $0.31 per share when it actually produced earnings of $0.73, delivering a surprise of 135.48%.Over th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34654 WAFD, INC. (Exact name of registrant as specified in its charter) Washington 91-1661606 (State or other jurisdiction of in ...

WaFd, Inc. Fact Sheet March 31, 2024 ($ in Thousands) Exhibit 99.2 As of 09/23 As of 12/23 As of 03/24 Allowance for Credit Losses (ACL) - Total $ 201,707 $ 201,820 $ 225,077 ACL - Loans 177,207 179,320 201,577 ACL - Unfunded Commitments 24,500 22,500 23,500 Total ACL as a % of Gross Loans 1.03 % 1.04 % 1.00 % 09/23 QTR 09/23 YTD 12/23 QTR 12/23 YTD 03/24 QTR 03/24 YTD Loan Originations - Total $ 748,793 $ 4,702,156 $ 871,446 $ 871,446 $ 825,733 $ 1,697,179 Multi-Family 8,965 136,788 10,408 10,408 39,802 50 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34654 WAFD, INC. (Exact name of registrant as specified in its charter) Washington 91-1661606 (State or other jurisdiction of ...

United States Securities and Exchange Commission Washington, D.C. 20549 ____________________________________________________________ FORM 10-K ____________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34654 ______________ ...