WAFD's Strategic Initiatives Aid Amid Weak Asset Quality [Yahoo! Finance]
WaFd, Inc. (WAFD)
Last wafd, inc. earnings: 4/21 07:00 pm
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US:NASDAQ Investor Relations:
washingtonfederal.com/investor-relations/overview
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Source: Yahoo! Finance
However, a rising expense base and weakening asset quality remain concerns. WaFd remains focused on its organic growth strategy. The company's revenues reflected a 7.5% compound annual growth rate (CAGR) over the last five fiscal years (2018-2023). This was primarily driven by a rise in net loan balances, which witnessed an 8.8% CAGR over the same period. During the first nine months of fiscal 2024, revenues dipped on a year-over-year basis while loan balances grew. This February, the company acquired Luther Burbank Corporation, thus entering the attractive California market. Further, WAFD entered into a commitment to sell off approximately $450 million of single-family mortgage loans, which is expected to be completed in late August. The company's top line is expected to witness growth in the light of decent loan demand, balance sheet restructuring efforts and strategic buyouts, and efforts to boost fee income sources. We project total revenues to fall 2.9% this year. Revenues
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WAFD
News
- KBRA Assigns Ratings to WaFd, Inc.Business Wire
- KBRA Initiates Ratings for WaFdBusiness Wire
- WaFd (WAFD) Down 2.2% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- WaFd, Inc. Announces Cash Dividend of 26 Cents Per ShareBusiness Wire
- Implied Volatility Surging for WaFd, Inc. (WAFD) Stock Options [Yahoo! Finance]Yahoo! Finance
WAFD
Earnings
- 7/16/24 - Beat
WAFD
Analyst Actions
- 7/18/24 - Stephens & Co.
WAFD
Sec Filings
- 9/5/24 - Form 4
- 8/29/24 - Form 8-K
- 8/23/24 - Form 8-K
- WAFD's page on the SEC website