Quarterly ResultMay 5, 2026, 12:26 PM
WaFd Q1 EPS Jumps 26% to $0.82; Net Income Up 17.7%
AI Summary
WaFd Inc. reported strong financial results for the first quarter ended March 31, 2026, with basic earnings per common share increasing by 26.15% to $0.82 and net income available to common shareholders rising 17.7% year-over-year to $61.89 million. The company also saw a 10.35% increase in net interest income and a 4.94% rise in non-interest income. Additionally, WaFd continued its common stock dividend, repurchased 2.74 million shares, and increased its share repurchase authorization to 10 million shares.
Key Highlights
- Basic EPS for Q1 2026 was $0.82, a 26.15% increase from $0.65 in Q1 2025.
- Net income available to common shareholders for Q1 2026 rose 17.7% YoY to $61.89 million.
- Net interest income for Q1 2026 increased 10.35% YoY to $177.57 million.
- Total non-interest income for Q1 2026 was $19.81 million, up 4.94% from Q1 2025.
- Common stock dividend was maintained at $0.27 per share for the quarter.
- The company repurchased 2.74 million common shares at an average of $31.85 in Q1 2026.
- Board increased share repurchase authorization to 10 million shares in February 2026.
- Total assets grew to $27.57 billion as of March 31, 2026, up 3.26% from September 2025.
Price Impact
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