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Complete financial analysis of Washington Federal, Inc. (WAFD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Washington Federal, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Washington Federal, Inc. (WAFD)
About Washington Federal, Inc.
Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, business and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; mobile and internet banking services; and debit and credit cards, as well as acts as the trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. As of September 30, 2021, the company had 219 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60.69M | 742.61M | 661.61M | 566.10M | 556.49M | 544.19M | 516.12M | 485.64M | 477.33M | 453.90M | 436.28M | 402.07M | 413.54M | 442.87M | 514.89M | 375.80M | 332.34M | 275.75M | 272.77M | 274.49M | 249.75M | 270.12M | 280.58M | 226.43M | 209.83M | 223.80M | 219.60M | 208.50M | 181.30M | 165.40M | 176.20M | 172.90M | 143.90M | 121.40M | 107.30M | 101.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -1.37B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.85M | 0.00 | 0.00 | 80.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.43B | 742.61M | 661.61M | 566.10M | 556.49M | 544.19M | 516.12M | 485.64M | 477.33M | 453.90M | 436.28M | 405.91M | 413.54M | 442.87M | 434.41M | 375.80M | 332.34M | 275.75M | 272.77M | 274.49M | 249.75M | 270.12M | 280.58M | 226.43M | 209.83M | 223.80M | 219.60M | 208.50M | 181.30M | 165.40M | 176.20M | 172.90M | 143.90M | 121.40M | 107.30M | 101.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 2,360.22% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.96% | 100.00% | 100.00% | 84.37% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 263.02M | 216.56M | 203.45M | 190.47M | 158.54M | 143.40M | 135.15M | 123.67M | 124.71M | 127.86M | 120.74M | 103.03M | 93.72M | 92.62M | 88.51M | 67.79M | 52.83M | 43.57M | 36.57M | 34.20M | 31.41M | 30.85M | 34.06M | 28.28M | 26.74M | 26.50M | 24.90M | 24.10M | 20.20M | 18.60M | 17.70M | 16.00M | 13.80M | 13.40M | 12.40M | 13.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 238.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 263.02M | 216.56M | 203.45M | 190.47M | 158.54M | 143.40M | 135.15M | 123.67M | 124.71M | 127.86M | 120.74M | 103.03M | 93.72M | 92.62M | 88.51M | 67.79M | 52.83M | 43.57M | 36.57M | 34.20M | 31.41M | 30.85M | 34.06M | 28.28M | 26.74M | 26.50M | 24.90M | 24.10M | 20.20M | 18.60M | 17.70M | 16.00M | 13.80M | 13.40M | 12.40M | 13.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 458.81M | -634.09M | -579.65M | -523.43M | -495.84M | 33.50M | 22.92M | 21.78M | 19.75M | 10.09M | 8.65M | 21.93M | -98.10M | -134.13M | -130.79M | -49.22M | 108.31M | 248.50M | 182.67M | 108.88M | 92.31M | 118.48M | 142.65M | 240.87M | 226.13M | 171.30M | 181.40M | 188.20M | 151.80M | 127.30M | 69.60M | 64.80M | 92.10M | 119.90M | 137.80M | 120.20M | 54.20M | 48.10M | 36.30M | 26.40M |
| Operating Expenses | 721.83M | -417.54M | -376.20M | -332.96M | -337.31M | 176.90M | 209.08M | 145.45M | 144.46M | 137.94M | 129.39M | 124.96M | -4.38M | -41.52M | -42.29M | 18.57M | 161.14M | 292.06M | 219.25M | 143.08M | 123.72M | 149.33M | 176.71M | 269.16M | 252.87M | 197.80M | 206.30M | 212.30M | 172.00M | 145.90M | 87.30M | 80.80M | 105.90M | 133.30M | 150.20M | 133.20M | 54.20M | 48.10M | 36.30M | 26.40M |
| Cost & Expenses | 721.83M | -417.54M | -376.20M | -332.96M | -337.31M | 176.90M | 209.08M | 145.45M | 144.46M | 127.39M | 129.39M | 121.12M | -4.38M | -41.52M | 80.48M | 18.57M | 161.14M | 292.06M | 219.25M | 143.08M | 123.72M | 149.33M | 176.71M | 269.16M | 252.87M | 197.80M | 206.30M | 212.30M | 172.00M | 145.90M | 87.30M | 80.80M | 105.90M | 133.30M | 150.20M | 133.20M | 54.20M | 48.10M | 36.30M | 26.40M |
| Interest Income | 1.37B | 1.04B | 666.36M | 591.61M | 621.27M | 671.47M | 607.08M | 548.92M | 536.79M | 530.55M | 533.70M | 516.29M | 590.27M | 644.64M | 663.56M | 691.77M | 701.43M | 618.68M | 529.88M | 461.90M | 413.77M | 450.19M | 507.32M | 536.41M | 498.03M | 455.60M | 460.60M | 459.00M | 404.20M | 343.80M | 287.60M | 275.40M | 271.70M | 270.80M | 265.90M | 239.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 710.88M | 352.72M | 71.77M | 86.50M | 151.76M | 190.41M | 134.94M | 116.99M | 116.54M | 117.07M | 128.08M | 136.16M | 193.25M | 227.70M | 269.10M | 318.63M | 397.64M | 358.50M | 273.36M | 195.26M | 169.75M | 194.88M | 234.94M | 320.12M | 299.51M | 244.50M | 252.20M | 257.40M | 228.80M | 188.30M | 121.10M | 116.70M | 133.50M | 160.50M | 174.40M | 157.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 134.10M | 22.97M | 64.05M | 33.91M | 39.91M | 31.06M | 46.74M | 41.68M | 22.99M | 21.22M | 17.35M | 8.71M | 7.59M | 6.67M | 5.77M | 5.15M | 7.23M | 3.30M | 2.81M | -4.91M | -8.77M | -10.63M | -2.58M | 8.73M | -9.43M | -17.30M | -20.10M | -9.10M | 5.50M | 5.40M | 5.20M | 4.90M | 3.90M | 3.60M | 3.50M | 3.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 348.05M | 364.09M | 267.05M | 259.10M | 293.83M | 303.98M | 297.90M | 267.64M | 270.74M | 262.28M | 245.11M | 225.01M | 181.77M | 0.00 | 0.00 | 196.61M | 292.46M | 290.59M | 284.36M | 275.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 54.20M | 48.10M | 36.30M | 26.40M |
| EBITDA Ratio | 0.00% | 43.77% | 52.82% | 47.17% | 46.56% | 53.99% | 85.04% | 85.43% | 81.22% | 85.44% | 89.47% | 94.38% | 100.78% | 92.13% | 77.28% | 106.31% | 150.66% | 207.11% | 181.41% | 150.33% | 146.03% | 151.35% | 162.06% | 222.73% | 216.02% | 180.65% | 184.79% | 197.46% | 197.90% | 191.48% | 152.50% | 149.57% | 176.30% | 212.77% | 243.24% | 235.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -1.10B | 325.08M | 285.41M | 233.14M | 219.19M | 262.78M | 392.19M | 373.21M | 364.68M | 366.59M | 373.01M | 370.78M | 409.16M | 401.36M | 392.13M | 394.37M | 493.48M | 567.81M | 492.02M | 417.57M | 373.47M | 419.45M | 457.30M | 495.58M | 462.69M | 421.60M | 425.90M | 420.80M | 353.30M | 311.30M | 263.50M | 253.70M | 249.80M | 254.70M | 257.50M | 234.50M | 54.20M | 48.10M | 36.30M | 26.40M |
| Operating Income Ratio | -1,814.14% | 43.77% | 43.14% | 41.18% | 39.39% | 48.29% | 75.99% | 76.85% | 76.40% | 80.76% | 85.50% | 92.22% | 98.94% | 90.63% | 76.16% | 104.94% | 148.49% | 205.92% | 180.38% | 152.12% | 149.54% | 155.28% | 162.98% | 218.87% | 220.51% | 188.38% | 193.94% | 201.82% | 194.87% | 188.21% | 149.55% | 146.73% | 173.59% | 209.80% | 239.98% | 231.49% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 1.36B | -88.30M | -74.31M | -87.37M | -89.27M | -31.06M | 0.00 | 0.00 | 0.00 | -56.23M | -52.27M | -40.69M | 0.00 | 0.00 | 0.00 | 0.00 | -87.75M | 328.00K | 0.00 | -751.00K | -4.61M | -194.88M | -234.94M | -320.12M | -299.51M | -244.50M | -252.20M | -257.40M | -228.80M | -188.30M | -121.10M | -114.60M | -133.50M | -160.50M | -174.40M | -157.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 256.06M | 325.08M | 300.04M | 233.14M | 219.19M | 262.78M | 257.24M | 256.22M | 248.13M | 249.52M | 244.93M | 234.62M | 215.91M | 173.66M | 123.03M | 75.74M | 95.84M | 209.31M | 218.66M | 222.31M | 203.71M | 224.57M | 222.35M | 175.46M | 163.18M | 177.10M | 173.70M | 163.40M | 124.50M | 123.00M | 142.40M | 139.10M | 116.30M | 94.20M | 83.10M | 77.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 421.89% | 43.77% | 45.35% | 41.18% | 39.39% | 48.29% | 49.84% | 52.76% | 51.98% | 54.97% | 56.14% | 58.35% | 52.21% | 39.21% | 23.89% | 20.15% | 28.84% | 75.91% | 80.16% | 80.99% | 81.57% | 83.13% | 79.25% | 77.49% | 77.77% | 79.13% | 79.10% | 78.37% | 68.67% | 74.37% | 80.82% | 80.45% | 80.82% | 77.59% | 77.45% | 76.21% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 56.02M | 67.65M | 63.71M | 49.52M | 45.75M | 52.52M | 53.39M | 82.68M | 84.09M | 89.20M | 87.56M | 83.11M | 77.73M | 62.52M | 4.37M | 27.57M | 33.51M | 74.30M | 75.56M | 76.42M | 71.84M | 79.02M | 78.40M | 61.85M | 57.50M | 62.80M | 61.90M | 58.30M | 44.60M | 44.70M | 49.60M | 45.80M | 34.40M | 24.90M | 20.20M | 20.00M | -54.20M | -48.10M | -36.30M | -26.40M |
| Net Income | 200.04M | 257.43M | 236.33M | 183.62M | 173.44M | 210.26M | 203.85M | 173.53M | 164.05M | 160.32M | 157.36M | 151.51M | 138.18M | 111.14M | 118.65M | 48.17M | 62.33M | 135.02M | 143.10M | 145.89M | 131.87M | 145.54M | 143.95M | 113.61M | 105.68M | 114.30M | 111.80M | 105.10M | 79.90M | 78.30M | 92.80M | 91.20M | 81.90M | 69.30M | 62.90M | 57.20M | 54.20M | 48.10M | 36.30M | 26.40M |
| Net Income Ratio | 329.60% | 34.66% | 35.72% | 32.44% | 31.17% | 38.64% | 39.50% | 35.73% | 34.37% | 35.32% | 36.07% | 37.68% | 33.41% | 25.10% | 23.04% | 12.82% | 18.76% | 48.96% | 52.46% | 53.15% | 52.80% | 53.88% | 51.31% | 50.18% | 50.37% | 51.07% | 50.91% | 50.41% | 44.07% | 47.34% | 52.67% | 52.75% | 56.91% | 57.08% | 58.62% | 56.47% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 2.50 | 3.72 | 3.40 | 2.39 | 2.26 | 2.61 | 2.40 | 1.95 | 1.79 | 1.68 | 1.56 | 1.45 | 1.29 | 1.00 | 1.06 | 0.46 | 0.71 | 1.55 | 1.64 | 1.68 | 1.53 | 1.72 | 1.75 | 1.39 | 1.25 | 1.28 | 1.20 | 1.15 | 0.88 | 0.84 | 0.99 | 0.96 | 0.87 | 1.10 | 1.01 | 1.38 | 0.59 | 0.53 | 0.40 | 0.29 |
| EPS Diluted | 2.50 | 3.72 | 3.39 | 2.39 | 2.26 | 2.61 | 2.40 | 1.94 | 1.78 | 1.67 | 1.55 | 1.45 | 1.29 | 1.00 | 1.05 | 0.46 | 0.71 | 1.54 | 1.64 | 1.67 | 1.51 | 1.71 | 1.74 | 1.38 | 1.24 | 1.27 | 1.19 | 1.14 | 0.88 | 0.84 | 0.98 | 0.96 | 0.87 | 1.10 | 1.01 | 1.38 | 0.59 | 0.53 | 0.40 | 0.29 |
| Weighted Avg Shares Out | 74.24M | 65.19M | 65.29M | 72.53M | 76.72M | 80.47M | 85.01M | 88.91M | 91.40M | 95.64M | 101.15M | 104.68M | 107.11M | 111.38M | 112.44M | 88.69M | 87.68M | 87.36M | 87.15M | 87.48M | 87.13M | 84.98M | 84.79M | 81.74M | 85.22M | 89.88M | 93.66M | 91.54M | 89.41M | 93.46M | 94.04M | 95.42M | 94.26M | 62.73M | 62.56M | 41.33M | 91.93M | 91.18M | 91.39M | 92.48M |
| Weighted Avg Shares Out (Dil) | 74.29M | 65.26M | 65.40M | 72.57M | 76.73M | 80.50M | 85.11M | 89.22M | 91.91M | 96.05M | 101.59M | 104.84M | 107.15M | 111.46M | 112.75M | 88.71M | 87.82M | 87.70M | 87.47M | 87.48M | 87.33M | 84.98M | 85.28M | 82.33M | 85.22M | 89.97M | 93.78M | 92.54M | 91.77M | 93.46M | 94.64M | 95.42M | 94.26M | 62.73M | 62.56M | 41.33M | 91.93M | 91.18M | 91.39M | 92.48M |
WaFd (WAFD) Q2 Earnings & Revenues Beat, LBC Deal Boosts Loans
WaFd's (WAFD) fiscal second-quarter earnings beat estimates on the back of higher revenues and loan balance. However, high costs and provisions turn out to be headwinds.
WaFd Reports Second Quarter Fiscal 2024 Results Following Completion of Merger of Luther Burbank Corporation
SEATTLE--(BUSINESS WIRE)---- $wafd #earnings--WaFd, Inc. (Nasdaq: WAFD) (the "Company"), parent company of Washington Federal Bank ("WaFd Bank" or the "Bank"), today announced quarterly earnings after successfully completing the merger of California-based Luther Burbank Corporation ("LBC"). Earnings for the quarter ended...
Stay Ahead of the Game With WaFd (WAFD) Q2 Earnings: Wall Street's Insights on Key Metrics
Besides Wall Street's top -and-bottom-line estimates for WaFd (WAFD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Analysts Estimate WaFd (WAFD) to Report a Decline in Earnings: What to Look Out for
WaFd (WAFD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WAFD Rides on Loans & High Rates Amid Weak Asset Quality
WAFD benefits from growth in revenues and loan balance as well as high interest rates. Yet, mounting operating expenses and poor asset quality are major near-term headwinds.
WAFD Rewards its Shareholders With a 4% Dividend Increase
WAFD announces a quarterly dividend hike of 4% to 26 cents per share. Given the strong liquidity and balance sheet position, this looks sustainable.
WaFd, Inc. Announces Increase in its Cash Dividend to 26 Cents Per Share
SEATTLE--(BUSINESS WIRE)---- $wafd #banking--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the “Company”), announced an increase to the regular quarterly cash dividend to 26 cents per share. The dividend will be paid March 8, 2024, to common shareholders...
WaFd (WAFD)-Luther Burbank (LBC) Merger Gets Regulatory Nod
The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.
WAFD's Q1 Earnings Surpass Estimates, Expenses Rise Y/Y
A decent rise in other income and loan balance offers support to WAFD's fiscal Q1 earnings. However, a fall in NII and an increase in expenses are headwinds.
WaFd (WAFD) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for WaFd (WAFD) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Source: https://incomestatements.info
Category: Stock Reports
What were Washington Federal’s net earnings for 2024?
Net Income was $200 million or $2.50 per diluted share for fiscal 2024 compared to $257 million or $3.72 per diluted share for 2023.