Washington Federal Q2 EPS $0.95, up 35.7% YoY; net interest margin compresses to 3.51%

WAFD INC

2023-Q2 EPS reported $2.11 revenue$12,541,000

Diluted EPS $0.95 vs $0.70 prior year; net income $65.9M, +33.6% YoY.
Net interest margin 3.51% (down 18 bp from Dec quarter, but up from 2.90% prior year).
First quarterly net charge-off in nearly a decade: $5.9M; provision for credit losses $3.5M.
Net deposit outflows $99M (0.6% of total) in quarter; uninsured deposits fell to 27% from 31%.
Loan originations $1.0B, down 55% from $2.2B prior year quarter.

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 0.95

WAFD INC reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 13, 2023, Washington Federal, Inc. (the "Company") announced by press release its earnings for the quarter ended March 31, 2023. A copy of the press release is attached to this filing as Exhibit 99.1.

View on SEC.gov

Browse all earnings releases →

WAFD INC filing history →

Source: SEC EDGAR

accession 0000936528-23-000107

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.