WAFD INC

For the period ended Dec 31, 2025. Filed Feb 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 4, 2026

WAFD$29.44-0.8%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows for the

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended December 31,
	2025	2024
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$64,196	$47,267
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, accretion and other, net	(1,561)	44,350
Stock-based compensation expense	2,045	1,851
Provision (release) for credit losses	3,500	—
Loss (gain) on sale of investment securities	—	(20)
Net realized (gain) loss on sales of premises, equipment, and real estate owned	(3,825)	(433)
Impairment loss on premises and equipment	—	34
Decrease (increase) in accrued interest receivable	939	(320)
Decrease (increase) in federal and state income tax receivable	8,877	8,189
Decrease (increase) in cash surrender value of bank owned life insurance	(1,962)	(1,840)
Decrease (increase) in other assets	8,127	(25,136)
Increase (decrease) in federal and state income tax liabilities	5,124	—
Increase (decrease) in accrued expenses and other liabilities	(24,980)	(24,512)
Net cash provided by (used in) operating activities	60,480	49,430
CASH FLOWS FROM INVESTING ACTIVITIES
Origination of loans and principal repayments, net	253,315	(46,171)
Loans purchased	(10,198)	(133,641)
FHLB stock purchased	(177,116)	(97,944)
FHLB stock redeemed	146,966	65,166
Available-for-sale securities purchased	(724,749)	(310,999)
Principal payments and maturities of available-for-sale securities	128,421	114,882
Proceeds from sales of available-for-sale securities	—	797
Held-to-maturity securities purchased	(141,283)	(114,182)
Principal payments and maturities of held-to-maturity securities	22,428	13,786
Proceeds from sales of real estate owned	2,963	1,846
Equity method investments purchased	—	(3,000)
Net cash received (paid) in business combinations	(2,000)	(360)
Proceeds from sales of premises and equipment	6	1,689
Premises and equipment purchased and REO improvements	(10,441)	(6,446)
Net cash provided by (used in) investing activities	(511,688)	(514,577)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in customer accounts	(20,666)	64,807
Proceeds from borrowings	3,875,750	2,168,400
Repayments of borrowings	(3,205,751)	(2,575,001)
Proceeds from stock-based awards	488	2,510
Dividends paid on common stock	(20,362)	(20,923)
Dividends paid on preferred stock	(3,656)	(3,656)
Proceeds from employee stock purchases	184	195
Treasury stock purchased	(58,017)	(3,410)
Increase (decrease) in advances payments by borrowers for taxes and insurance	(39,157)	(41,142)
Net cash provided by (used in) financing activities	528,813	(408,220)
Increase (decrease) in cash and cash equivalents	77,605	(873,367)
Cash, cash equivalents and restricted cash at beginning of period	657,310	2,381,102
Cash, cash equivalents and restricted cash at end of period	$734,915	$1,507,735

(CONTINUED)

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended December 31,
	2025	2024
(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Real estate acquired through foreclosure	$7	$—
Non-cash financing activities
Preferred stock dividend payable	3,656	3,656
Cash paid (received) during the period for
Interest	116,362	228,660
Income tax	125	200

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.