| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 8.14 | 6.1% | 7.3% |
| Total Income | 8.14 | 6.1% | 7.3% |
| Expenditure | -76.21 | 0.1% | 5.6% |
| PBT | 84.35 | 0.6% | 5.8% |
| Net Profit | 66.13 | 0.9% | 6.8% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.85 | 3.7% | 16.4% |
WaFd Announces Q3 2026 Earnings Per Share of $0.84
17 Jul 2026 · 17 Jul, 10:41 pm
Summary
WaFd, Inc. reported net income of $66.1 million for the third quarter of fiscal 2026, a 7% increase year-over-year. Diluted earnings per share rose 15% to $0.84 compared to the same period last year. The company saw a 2% increase in net interest income to $181 million, while the efficiency ratio improved to 53.69%. Management highlighted strong results with healthy growth in earnings, loans, and equity, and noted the stock price increase and share repurchases.
Key Highlights
- 1
WaFd announced quarterly earnings of $66,130,000 for the quarter ended June 30, 2026, an increase of 1% from the prior quarter and 7% year-over-year.
- 2
Diluted earnings per common share were $0.84 for the quarter ended June 30, 2026, a 15% increase compared to $0.73 per diluted share for the quarter ended June 30, 2025.
- 3
Net interest income for the third fiscal quarter of 2026 was $181 million, an increase of 2% from the prior quarter.
- 4
The efficiency ratio improved to 53.69% for the quarter ended June 30, 2026, compared to 55.66% in the prior quarter.
- 5
Return on tangible common equity was 11.04% for the quarter ended June 30, 2026, up from 10.82% in the prior quarter.
- 6
The Company paid its 173rd consecutive quarterly dividend of $0.27 per share on June 5, 2026.
- 7
Non-performing assets were 0.49% of total assets as of June 30, 2026, a slight increase from 0.48% at March 31, 2026.
Management Comments
Brent Beardall
WaFd delivered strong results in the third quarter of fiscal 2026, with healthy growth in earnings, loans, and equity. Earnings per share increased 15% year-over-year and 2% compared to the March quarter. While overall loans outstanding grew modestly for the quarter, net loans in our active loan portfolios grew at an annualized rate of 10.4%. Growth in net interest income, combined with disciplined expense management, drove our efficiency ratio to 53.7%, and we delivered an 11.0% return on tangible common equity for the quarter. We believe that the market is beginning to recognize WaFd's consistent earnings power — our stock price is up 19% from March 31, with 4.7 million shares repurchased in the first two quarter of the fiscal year. I want to thank our team of bankers for their continued dedication to delivering for our clients and shareholders.
Informational and educational content only. Not investment advice.