secwatch.observer — SEC 8-K summary
======================================

Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0000936528-23-000107
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652823000107/0000936528-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652823000107/wfsl-20230413.htm
  HTML page:      https://secwatch.observer/filing/0000936528-23-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer