Business UpdateMay 5, 2026, 05:02 PM
WaFd Inc. Q2 2026 Net Income $65.6M; EPS $0.82
AI Summary
WaFd Inc. furnished an investor presentation detailing its financial performance as of March 31, 2026, and strategic initiatives. The company reported Q2 2026 net income of $65.6 million and EPS of $0.82, with a Net Interest Margin of 2.81%. The presentation highlighted strong capital, high asset quality, and consistent results, along with its "Build 2030" plan to shift deposits and redeploy loan portfolios.
Key Highlights
- Q2 2026 Net Income was $65.6 million, with Diluted EPS of $0.82.
- Net Interest Margin increased to 2.81% in Q2 2026, up from 2.70% in Q1 2026.
- Total Assets stood at $27.6 billion and Total Deposits at $21.1 billion as of March 31, 2026.
- Non-performing assets were $132 million, representing 0.48% of Total Assets.
- Allowance for Credit Losses (ACL) was $202 million, covering 163% of non-performing loans.
- The company repurchased 4,688,109 shares YTD fiscal 2026 at a weighted price of $30.98.
- 8.0 million shares remain authorized for buyback as of March 31, 2026.
- Common Equity Tier 1 Ratio was 11.35% as of March 31, 2026.