WaFd Reports Fiscal 2026 Net Income of $256 Million as EPS Rises 22%
Seattle — WaFd, Inc. (Nasdaq: WAFD) on October 15 reported results for its fiscal year ended September 30, 2026: net income of $256 million and diluted earnings per share of $3.21, up 22% from the prior year, with a return on average assets of 0.94% and a return on tangible common equity of 10.68%. Fourth-quarter net income was $60 million, or $0.76 per diluted share.
Fourth-quarter net interest income was $182.4 million, compared with $181.3 million in the third quarter, and the net interest margin held at 2.81%. Non-interest income rose $13.9 million from the third quarter on a single-family loan sale, while non-interest expense rose $11.2 million on strategic investments and merger-related costs, lifting the efficiency ratio to 55.12%.
Non-performing assets fell $57 million from June to 0.32% of total assets, and delinquencies fell $56 million to 0.50% of total loans. Net charge-offs were $39 million in the quarter, including about $36 million from the resolution of one large previously classified loan.
President and CEO Brent Beardall said full-year EPS grew 22%, transaction deposit balances rose 4.6%, active loan segments grew 7.9%, and both non-performing assets and delinquencies declined 37% since June 30. The company paid a $0.27-per-share cash dividend on September 4, its 174th consecutive quarterly dividend. Its combination with EverBank, announced on September 7, remains in progress.
(Source: WaFd, Inc. fiscal 2026 earnings)
Source: WaFd, Inc. fiscal 2026 earnings
Published by GSM · USA (original Chinese edition)
Photo: 图：位于西雅图市中心第五大道的WaFd银行总部大楼，行名招牌清晰可见。Dclemens1971摄，CC BY 4.0，取自维基共享资源。 / Photo: WaFd Bank headquarters on Fifth Avenue in downtown Seattle. Photo by Dclemens1971, CC BY 4.0, via Wikimedia Commons.
