| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 7.67 | 2.4% | 8.6% |
| Total Income | 7.67 | 2.4% | 8.6% |
| Expenditure | -76.13 | 2.3% | 17.2% |
| PBT | 83.81 | 1.8% | 16.4% |
| Net Profit | 65.55 | 2.1% | 16.5% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.82 | 3.8% | 26.1% |
WaFd Announces Q2 2026 Earnings Per Share of $0.82
17 Apr 2026 · 17 Apr, 9:34 pm
Summary
WaFd, Inc. announced quarterly earnings of $65,548,000 for the quarter ended March 31, 2026, reflecting a 2% increase from the previous quarter and a 17% increase year-over-year. Diluted earnings per common share rose to $0.82, a 26% increase compared to the same quarter last year. The company's net interest income increased to $178 million, and asset quality metrics improved with non-performing assets and delinquencies decreasing. During the quarter, the company repurchased 3.6% of total outstanding shares.
Key Highlights
- 1
WaFd, Inc. reported quarterly earnings of $65,548,000 for the quarter ended March 31, 2026, a 2% increase from the previous quarter.
- 2
Diluted earnings per common share increased by 26% to $0.82 for the quarter ended March 31, 2026, compared to $0.65 for the same quarter last year.
- 3
Net interest income for the quarter was $178 million, compared to $171 million in Q1.
- 4
Non-performing assets decreased to 0.48% of total assets, down from 0.75% in Q1.
- 5
Delinquencies decreased to 0.78% of total loans, down from 1.07% in Q1.
- 6
The company repurchased 2,738,096 shares during the quarter at a weighted average price of $31.85 per share.
- 7
Total assets increased to $27.6 billion as of March 31, 2026, compared to $26.7 billion at September 30, 2025.
Management Comments
Brent Beardall
Uncertainty seems to be our new reality, not just in the banking sector, but also in the broader global context. Our strong foundation enabled us to deliver for our customers even during uncertain times. During the quarter, we executed on our strategic plan and grew our active loan segments by 12% annualized. Given our growth in loans, notable improvements in asset quality metrics, and a widening margin, we see a bright future in spite of current uncertainties. Our stock was trading near tangible book value for the majority of the quarter, so we aggressively bought back shares at less than 1.1x tangible book value. We were able to buy back 3.6% of total outstanding shares during the quarter. Our return on tangible common equity was 10.8% making it one of the best investment alternatives available to us. Credit goes to our amazing team of bankers that is working hard to deliver for our clients.
Informational and educational content only. Not investment advice.