Washington Federal reports record Q1 EPS of $1.16, net income up 58% YoY

WAFD INC

2023-Q1 EPS reported $1.16 revenue$6,353,000

Diluted EPS $1.16 vs $0.71 prior year; net income $79.5M, up 58% YoY.
Net interest margin expanded to 3.69% from 2.87% YoY; net interest income $183M, up 36.3%.
Loan portfolio grew $880M (5.5%) to $17.0B; non-performing assets at 0.18% of assets.
Efficiency ratio improved to 46.8% from 58.6%; total other expense up 3% YoY.
CEO Brent Beardall on leave after Jan 2 injuries; acting CEO Cathy Cooper continues.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WAFD INC reported quarter ended December 31, 2022 results: net income $79,509,000, EPS $1.16 per diluted share.

Period: quarter ended December 31, 2022
Net income: $79,509,000
EPS: $1.16 per diluted share
Result: reported results

Exact text from the filing

After the effect of dividends on preferred stock, net income available for common shareholders was $1.16 per diluted share for the quarter ended December 31, 2022

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Source: SEC EDGAR

accession 0000936528-23-000031

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