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$29.44-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year ended September 30, | 2025 | 2024 | 2023 |
|---|---|---|---|
| (In thousands) | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $226,068 | $200,041 | $257,426 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, accretion and other, net | 9,718 | 134,103 | 22,970 |
| Stock-based compensation expense | 8,519 | 9,181 | 7,914 |
| Provision (release) for credit losses | 7,750 | 17,500 | 41,500 |
| Loss (gain) on sale of investment securities | (20) | (342) | (33) |
| Gain on settlements of bank owned life insurance | — | — | (821) |
| Impairment loss on premises and equipment | 992 | — | 6 |
| Net realized (gain) loss on sales of premises, equipment and real estate owned | (419) | (2,555) | (1,153) |
| Decrease (increase) in accrued interest receivable | 4,238 | 9,873 | (23,131) |
| Decrease (increase) in federal and state income tax receivable | 6,124 | 18,751 | (6,650) |
| Decrease (increase) in cash surrender value of bank owned life insurance | (7,526) | (6,933) | (5,976) |
| Decrease (increase) in other assets | (27,885) | 148,001 | (67,342) |
| Increase (decrease) in federal and state income tax liabilities | — | — | (3,306) |
| Increase (decrease) in accrued expenses and other liabilities | 9,393 | (88,387) | (7,447) |
| Net cash provided by (used in) operating activities | 236,952 | 439,233 | 213,957 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Origination of loans and principal repayments, net | 973,280 | (348,528) | (1,330,399) |
| Loans purchased | (143,605) | — | (79,965) |
| FHLB & FRB stock purchase | (496,542) | (602,941) | (654,805) |
| FHLB & FRB stock redeemed | 504,092 | 669,975 | 623,058 |
| Available-for-sale securities purchased | (1,482,058) | (549,159) | (376,481) |
| Principal payments and maturities of available-for-sale securities | 561,808 | 386,564 | 420,154 |
| Proceeds from sales of available-for-sale investment securities | 797 | 182,682 | 1,169 |
| Held-to-maturity securities purchased | (261,842) | (47,092) | — |
| Principal payments and maturities of held-to-maturity securities | 53,030 | 36,013 | 39,414 |
| Proceeds from sales of real estate owned | 2,865 | 6,802 | 7,192 |
| Proceeds from settlements of bank owned life insurance | — | — | 1,809 |
| Equity method investments purchased | (2,861) | (4,197) | (12,500) |
| Net cash received (paid) in business combinations | (360) | 623,583 | (2,590) |
| Proceeds from sales of loans | — | 2,956,856 | — |
| Proceeds from sales of premises and equipment | 1,689 | 1,341 | 1,090 |
| Premises and equipment purchased and REO improvements | (28,707) | (24,681) | (15,063) |
| Net cash provided by (used in) investing activities | (318,414) | 3,287,218 | (1,377,917) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net increase (decrease) in customer accounts | 63,666 | (324,506) | 40,759 |
| Proceeds from borrowings | 11,019,793 | 17,037,035 | 17,175,000 |
| Repayments of borrowings | (12,527,894) | (18,842,525) | (15,650,000) |
| Principal payments and maturities of senior debt | — | (95,000) | — |
| Proceeds from stock-based awards | 3,943 | 5,187 | 1,089 |
| Dividends paid on common stock | (84,639) | (74,267) | (63,792) |
| Dividends paid on preferred stock | (14,625) | (14,625) | (14,625) |
| Proceeds from employee stock purchase | 842 | 992 | 177 |
| Treasury stock purchased | (101,931) | (27,069) | (30,463) |
| Increase (decrease) in advance payments by borrowers for taxes and insurance | (1,485) | 8,780 | 2,499 |
| Net cash provided by (used by) financing activities | (1,642,330) | (2,325,998) | 1,460,644 |
| Increase (decrease) in cash and cash equivalents | (1,723,792) | 1,400,453 | 296,684 |
| Cash and cash equivalents at beginning of year | 2,381,102 | 980,649 | 683,965 |
| Cash and cash equivalents at end of year | $657,310 | $2,381,102 | $980,649 |
| Year ended September 30, | 2025 | 2024 | 2023 |
|---|---|---|---|
| (In thousands) | |||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Non-cash investing activities | |||
| Real estate acquired through foreclosure | $5,873 | $681 | $121 |
| Non-cash financing activities | |||
| Preferred stock dividend payable | 3,656 | 3,656 | 3,656 |
| Cash paid during the year for | |||
| Interest | 746,932 | 739,076 | 364,386 |
| Income taxes | 41,647 | 20,283 | 61,245 |
| Summary of non-cash activities related to acquisitions | |||
| Fair value of assets and intangibles acquired | $— | $7,677,177 | $— |
| Fair value of liabilities assumed | — | (7,316,380) | — |
| Net fair value of acquired assets (liabilities) | $— | $360,797 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.