WaFd (NASDAQ:WAFD) has declared that its earnings report for the quarter concluding March 31, 2024, will be disclosed after market close on Monday, April 22, 2024.
This announcement comes with a notable deviation from the company’s traditional earnings release schedule, extending it by approximately one week.
The delay is attributed to the additional time required to finalize purchase accounting entries following the merger with Luther Burbank Corporation and its subsidiary, Luther Burbank Savings, which was officially completed on March 1, 2024.
This strategic consolidation aims to enhance WaFd's operational and financial framework, necessitating meticulous accounting and reporting adjustments to accurately reflect the merger's impact on the company's quarterly financial results.