WAFD's Q4 Earnings Beat on Nil Provisions, Revenues Rise on LBC Deal
WaFd Bank(WAFD) ZACKS·2024-10-18 21:30
WaFd, Inc.'s (WAFD) fourth-quarter fiscal 2024 (ended Sept. 30) earnings of 71 cents per share surpassed the Zacks Consensus Estimate of 68 cents. Also, the bottom line declined 1.4% year over year. See the Zacks Earnings Calendar to stay ahead of market-making news. The results reflected a rise in net interest income (NII) and non-interest income, driven by the acquisition of Luther Burbank Corporation ("LBC") In February. This supported WAFD's top line. Higher loan balances and nil provisions were other p ...