WAFD INC
For the period ended Sep 30, 2025. Filed Nov 18, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 18, 2025
WAFD$29.68+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year ended September 30, | 2025 | 2024 | 2023 |
|---|---|---|---|
| (In thousands, except share data) | |||
| INTEREST INCOME | |||
| Loans receivable | $1,119,937 | $1,165,849 | $900,068 |
| Mortgage-backed securities | 103,071 | 59,782 | 43,184 |
| Investment securities and cash equivalents | 116,441 | 146,079 | 99,703 |
| 1,339,449 | 1,371,710 | 1,042,955 | |
| INTEREST EXPENSE | |||
| Customer accounts | 604,707 | 532,434 | 237,233 |
| Borrowings, senior debt and junior subordinated debentures | 80,507 | 178,444 | 115,488 |
| 685,214 | 710,878 | 352,721 | |
| Net interest income | 654,235 | 660,832 | 690,234 |
| Provision for credit losses | 7,750 | 17,500 | 41,500 |
| Net interest income after provision | 646,485 | 643,332 | 648,734 |
| NON-INTEREST INCOME | |||
| Gain on sale of investment securities | 20 | 342 | 33 |
| Gain (loss) on termination of hedging derivatives | 158 | 241 | (867) |
| Loan fee income | 6,888 | 2,745 | 3,885 |
| Deposit fee income | 29,650 | 27,507 | 26,050 |
| Other income | 34,531 | 29,857 | 23,100 |
| Total non-interest income | 71,247 | 60,692 | 52,201 |
| NON-INTEREST EXPENSE | |||
| Compensation and benefits | 222,146 | 234,148 | 196,534 |
| Occupancy | 44,937 | 42,036 | 41,579 |
| FDIC insurance premiums | 20,200 | 28,870 | 20,025 |
| Product delivery | 25,871 | 23,986 | 20,973 |
| Information technology | 60,101 | 53,306 | 49,447 |
| Other expense | 54,208 | 65,926 | 47,477 |
| Total non-interest expense | 427,463 | 448,272 | 376,035 |
| Gain (loss) on real estate owned, net | (627) | 304 | 176 |
| Income before income taxes | 289,642 | 256,056 | 325,076 |
| Income tax expense | 63,574 | 56,015 | 67,650 |
| Net income | 226,068 | 200,041 | 257,426 |
| Dividends on preferred stock | 14,625 | 14,625 | 14,625 |
| Net income available to common shareholders | $211,443 | $185,416 | $242,801 |
| PER SHARE DATA | |||
| Basic earnings per common share | $2.64 | $2.50 | $3.72 |
| Diluted earnings per common share | 2.63 | 2.50 | 3.72 |
| Dividends paid on common stock per share | 1.07 | 1.03 | 0.99 |
| Basic weighted average number of common shares outstanding | 80,184,395 | 74,244,323 | 65,192,510 |
| Diluted weighted average number of common shares outstanding | 80,255,189 | 74,290,568 | 65,255,283 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.