WaFd reports 22% annual earnings per share growth
- WaFd reported a 22% increase in fiscal 2026 earnings per share, with full-year net income reaching $256 million.
- Fourth-quarter adjusted earnings of $0.85 per share beat the $0.84 Zacks estimate, while revenue of $220.44 million exceeded expectations.
- WaFd reported 4.6% growth in transaction deposits and a 7.9% increase in active loan segments, while management expects rising interest rates to support its margins.
WaFd (NASDAQ:WAFD) reported a 22% increase in fiscal 2026 earnings per share to $3.21, with annual net income reaching $256 million.
Fourth-quarter adjusted earnings of $0.85 per share exceeded Zacks' $0.84 estimate, while revenue reached $220.44 million against expectations of approximately $201.5 million.
Quarterly net income totaled $60 million, with reported diluted earnings of $0.76 per share, net interest income of $182.4 million and a $36 million charge-off linked to resolving a classified loan.
WaFd said it expects rising interest rates to support its net interest margin as assets reprice faster than liabilities.
During fiscal 2026, WaFd increased transaction deposit balances by 4.6% and active loan segments by 7.9%, while non-performing assets and delinquencies each declined 37% during the fourth quarter.
The bank also announced a $3.9 billion reverse merger agreement with EverBank in September 2026 and paid a $0.27-per-share quarterly dividend that month, marking its 174th consecutive quarterly dividend.
