WAFD INC
For the period ended Sep 30, 2024. Filed Nov 20, 2024.
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FY2024 · Filed Nov 20, 2024
WAFD$29.68+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended September 30, | 2024 | 2023 | 2022 |
|---|---|---|---|
| (In thousands, except share data) | |||
| INTEREST INCOME | |||
| Loans receivable | $1,165,849 | $900,068 | $601,592 |
| Mortgage-backed securities | 59,782 | 43,184 | 26,332 |
| Investment securities and cash equivalents | 146,079 | 99,703 | 38,435 |
| 1,371,710 | 1,042,955 | 666,359 | |
| INTEREST EXPENSE | |||
| Customer accounts | 532,434 | 237,233 | 43,041 |
| Borrowings, senior debt and junior subordinated debentures | 178,444 | 115,488 | 28,729 |
| 710,878 | 352,721 | 71,770 | |
| Net interest income | 660,832 | 690,234 | 594,589 |
| Provision for credit losses | 17,500 | 41,500 | 3,000 |
| Net interest income after provision | 643,332 | 648,734 | 591,589 |
| NON-INTEREST INCOME | |||
| Gain (loss) on sale of investment securities | 342 | 33 | 99 |
| Gain (loss) on termination of hedging derivatives | 241 | (867) | — |
| Loan fee income | 2,745 | 3,885 | 7,168 |
| Deposit fee income | 27,507 | 26,050 | 25,942 |
| Other income | 29,857 | 23,100 | 33,163 |
| Total non-interest income | 60,692 | 52,201 | 66,372 |
| NON-INTEREST EXPENSE | |||
| Compensation and benefits | 234,148 | 196,534 | 193,917 |
| Occupancy | 42,036 | 41,579 | 42,499 |
| FDIC insurance premiums | 28,870 | 20,025 | 9,531 |
| Product delivery | 23,986 | 20,973 | 19,536 |
| Information technology | 53,306 | 49,447 | 47,202 |
| Other expense | 65,926 | 47,477 | 45,890 |
| Total non-interest expense | 448,272 | 376,035 | 358,575 |
| Gain on real estate owned, net | 304 | 176 | 651 |
| Income before income taxes | 256,056 | 325,076 | 300,037 |
| Income tax expense | 56,015 | 67,650 | 63,707 |
| Net income | 200,041 | 257,426 | 236,330 |
| Dividends on preferred stock | 14,625 | 14,625 | 14,625 |
| Net income available to common shareholders | $185,416 | $242,801 | $221,705 |
| PER SHARE DATA | |||
| Basic earnings per common share | $2.50 | $3.72 | $3.40 |
| Diluted earnings per common share | 2.50 | 3.72 | 3.39 |
| Dividends paid on common stock per share | 1.03 | 0.99 | 0.95 |
| Basic weighted average number of common shares outstanding | 74,244,323 | 65,192,510 | 65,287,650 |
| Diluted weighted average number of common shares outstanding | 74,290,568 | 65,255,283 | 65,404,110 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.