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WAFDWaFd, Inc.
$37.65$2.8B
Overview & Verdict
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WAFD logoWaFd, Inc.(WAFD)Earnings, Financials & Key Ratios

WAFD•NASDAQ•Banking & Credit
$37.65
14.3× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial real estate and multifamily lenders
AboutWaFd, Inc. engages in the provision of lending, depository, insurance, and other banking services to consumers. It also offers banking services to mid-sized to large businesses, and owners and developers of commercial real estate. The company was founded on November 15, 1994 and is headquartered in Seattle, WA.Show more
  • Net Interest Income$654M-1.0%
  • Total Revenue$1.41B-1.6%
  • Net Income$226M+13.0%
  • Return on Equity7.49%+1.5%
  • Net Interest Margin2.45%+4.0%
  • Efficiency Ratio30.32%-3.1%
  • ROA0.83%+4.3%
  • Equity / Assets11.38%+6.5%
  • Book Value per Share37.87-6.2%

WAFD Price & Volume

WaFd, Inc. (WAFD) stock price & volume — 10-year historical chart

Loading chart...

Post-Merger Integration Stabilizes Operational Efficiency Metrics

Investment Thesis • Updated 2026Q2

VerdictNeutral: While the bank shows operational discipline with a 31.9% efficiency ratio
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:CRE and construction concentration

Key Thesis Takeaways

  • WaFd is currently navigating a transition phase following the Luther Burbank Savings acquisition, characterized by a recovery in net interest income to $177.6 million as of 2026Q2.
  • While the bank maintains a solid capital cushion with an equity-to-assets ratio of 0.11, investors should monitor the persistent 0.6% net interest margin, which suggests ongoing pressure from elevated deposit funding costs.
  • The long-term outlook remains contingent on the bank's ability to manage concentration risks within its commercial real estate and construction loan portfolios while sustaining its current 31.9% efficiency ratio.

Verdict Logic

the 14.43 P/E TTM and stagnant 0.6% NIM suggest that significant valuation upside may be limited until margin expansion materializes.

WAFD Growth Metrics

WaFd, Inc. (WAFD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.28%
5 Years14.77%
3 Years24.35%
TTM-

Profit CAGR

10 Years3.5%
5 Years5.44%
3 Years-1.47%
TTM10.07%

EPS CAGR

10 Years4.65%
5 Years3.08%
3 Years-8.11%
TTM17.36%

Return on Capital

10 Years5.75%
5 Years5.68%
3 Years5.27%
Last Year5.68%

WAFD Recent Earnings

WaFd, Inc. (WAFD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 16, 2026
Metric
Actual
Est
EPS
$0.83+10.7%
$0.75
Rev
$197M+3.7%
$190M
Q1 2026
Jan 15, 2026
Metric
Actual
Est
EPS
$0.75-1.3%
$0.76
Rev
$191M-0.8%
$193M
Q4 2025
Oct 16, 2025
Metric
Actual
Est
EPS
$0.72-5.9%
$0.77
Rev
$188M-1.5%
$191M
Q3 2025
Jul 17, 2025
Metric
Actual
Est
EPS
$0.73+9.0%
$0.67
Rev
$186M+1.1%
$184M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 16, 2026
$0.83vs $0.75+10.7%
$197Mvs $190M+3.7%
Q1 2026Jan 15, 2026
$0.75vs $0.76-1.3%
$191Mvs $193M-0.8%
Q4 2025Oct 16, 2025
$0.72vs $0.77-5.9%
$188Mvs $191M-1.5%
Q3 2025Jul 17, 2025
$0.73vs $0.67+9.0%
$186Mvs $184M+1.1%
Based on last 12 quarters of dataView full earnings history →

Latest WAFD News

Recent stock market news and headlines for WaFd, Inc. (WAFD)

Proactive Investors·Jun 24, 2026
Buccaneer Energy reserves rise 18% as bank lifts oil price assumption

Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1), the oil and gas company with production and development assets in Texas, said its proved reserves rose 18% in an independent review tied to its bank credit facility. The update was carried out in connection with the company's borrowing base with WAFD Bank, formerly Washington Federal Savings and Loan.

Peers Comparison

Key metrics vs top competitors for WaFd, Inc. (WAFD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WAFD logoWAFDWaFd, Inc.Current
$37.65$2.78B14.32-1.58%16.03%7.49%2.8%
COLB logoCOLBColumbia Banking System, Inc.
$32.12$7.65B13.978.35%19.56%9.16%—
BANR logoBANRBanner Corporation
$67.33$2.29B11.94-0.95%24.82%10.66%—
HOMB logoHOMBHome Bancshares, Inc.
$28.66$5.77B11.89-5.35%34.84%11.29%—
GBCI logoGBCIGlacier Bancorp, Inc.
$51.97$6.76B26.1214.48%17.67%6.83%—
CVBF logoCVBFCVB Financial Corp.
$22.58$3.06B14.86-2.33%32.4%9.16%—

Compare WAFD vs Peers

WaFd, Inc. (WAFD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COLB

Most directly comparable listed peer for WAFD.

Scale Benchmark

vs ICE

Larger-name benchmark to compare WAFD against a more recognizable public peer.

Peer Set

Compare Top 5

vs COLB, BANR, HOMB, GBCI

WAFD SEC Filings & Documents

WaFd, Inc. (WAFD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 6, 2026·SEC

Material company update

May 12, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 18, 2025·SEC

FY 2024

Nov 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2026

Feb 4, 2026·SEC

FY 2025

Aug 5, 2025·SEC

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WAFD Frequently Asked Questions

WaFd, Inc. (WAFD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is WaFd, Inc. growing?

WaFd, Inc. (WAFD) saw revenue decline by 1.6% over the past year.

Is WAFD profitable?

Yes, WaFd, Inc. (WAFD) is profitable, generating $252.3M in net income for fiscal year 2025 (16.0% net margin).

Dividend & Returns
Does WAFD pay dividends?

Yes, WaFd, Inc. (WAFD) pays a dividend with a yield of 2.80%. This makes it attractive for income-focused investors.

What is WAFD's return on equity?

WaFd, Inc. (WAFD) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Industry Metrics
What is WaFd, Inc.'s net interest margin?

WaFd, Inc. (WAFD) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

What is WaFd, Inc.'s efficiency ratio?

WaFd, Inc. (WAFD) has an efficiency ratio of 30.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in WAFD back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →