WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal
WaFd Bank(WAFD) ZACKS·2024-07-17 23:45
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 ...