---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-23-000031"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:47:10.935206+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000936528-23-000031
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652823000031/0000936528-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652823000031/wfsl-20230112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-23-000031
- JSON: https://secwatch.observer/filing/0000936528-23-000031.json
- Plain text: https://secwatch.observer/filing/0000936528-23-000031.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652823000031/0000936528-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.