WAFD INC
For the period ended Dec 31, 2025. Filed Feb 4, 2026.
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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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Consolidated Statements of Operations for the three months ended
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands, except share data) | ||
| INTEREST INCOME | ||
| Loans receivable | $264,207 | $286,597 |
| Mortgage-backed securities | 38,902 | 18,337 |
| Investment securities and cash equivalents | 19,387 | 40,183 |
| 322,496 | 345,117 | |
| INTEREST EXPENSE | ||
| Customer accounts | 136,214 | 162,150 |
| Borrowings and junior subordinated debentures | 15,171 | 27,536 |
| 151,385 | 189,686 | |
| Net interest income | 171,111 | 155,431 |
| Provision for credit losses | 3,500 | — |
| Net interest income after provision | 167,611 | 155,431 |
| NON-INTEREST INCOME | ||
| Gain on sale of investment securities | — | 20 |
| Gain on termination of hedging derivatives | 24 | 5 |
| Loan fee income | 1,354 | 1,345 |
| Deposit fee income | 7,858 | 7,046 |
| Other income | 11,019 | 7,286 |
| Total non-interest income | 20,255 | 15,702 |
| NON-INTEREST EXPENSE | ||
| Compensation and benefits | 54,190 | 59,927 |
| Occupancy | 11,170 | 10,788 |
| FDIC insurance premiums | 5,400 | 4,850 |
| Product delivery | 6,574 | 5,785 |
| Information technology | 14,384 | 14,192 |
| Other expense | 14,003 | 15,769 |
| Total non-interest expense | 105,721 | 111,311 |
| Gain (loss) on real estate owned, net | 156 | 429 |
| Income before income taxes | 82,301 | 60,251 |
| Income tax expense | 18,105 | 12,984 |
| Net income | 64,196 | 47,267 |
| Dividends on preferred stock | 3,656 | 3,656 |
| Net income available to common shareholders | $60,540 | $43,611 |
| PER SHARE DATA | ||
| Basic earnings per common share | $0.79 | $0.54 |
| Diluted earnings per common share | 0.79 | 0.54 |
| Dividends paid on common stock per share | 0.27 | 0.26 |
| Basic weighted average shares outstanding | 76,969,729 | 81,294,227 |
| Diluted weighted average shares outstanding | 77,015,554 | 81,401,599 |
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