Quarterly ResultOct 16, 2026, 04:36 PM
WAFD Reports 22% EPS Growth for FY26; Full-Year Net Income Up 13%
AI Summary
WAFD, Inc. reported its fiscal year and fourth quarter results for the period ending September 30, 2026. The company announced a 22% increase in full-year diluted EPS to $3.21, and full-year net income rose 13% to $255.87 million. However, fourth-quarter net income and EPS saw a sequential decrease. Key highlights include improved asset quality with a significant reduction in non-performing assets and the sale of single-family residential loans. The company also announced a merger with EverBank and continued its consistent dividend payments.
Key Highlights
- Fiscal year 2026 diluted EPS increased 22% to $3.21 from $2.63 in fiscal year 2025.
- Fourth quarter net income was $59.99 million, or $0.76 per diluted share, down from $66.13 million, or $0.84 per diluted share, in the prior quarter.
- Full fiscal year 2026 net income was $255.87 million, up 13% from $226.07 million in fiscal year 2025.
- Total assets grew to $27.2 billion as of September 30, 2026, up from $26.7 billion at September 30, 2025.
- Net loans decreased $1.0 billion to $19.0 billion due to loan sale activity, including $543 million of single-family residential loans sold.
- Non-performing assets decreased to $86 million (0.32% of total assets) from $136 million (0.49% of total assets) at June 30, 2026.
- The company announced a merger with EverBank on September 7, 2026.
- The company paid a cash dividend of $0.27 per share on September 4, 2026, marking the 174th consecutive quarterly dividend.
Price Impact
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