WAFD's Strategic Initiatives Aid Amid Weak Asset Quality
WaFd Bank(WAFD) ZACKS·2024-08-09 22:36
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 ...