Washington Federal Q3 net income falls 2.4% to $61.8M; EPS $0.89, NPA jumps to $67M

WAFD INC

2023-Q3 EPS reported $3.00 revenue$19,201,000

Net income $61.8M ($0.89 diluted EPS) vs $63.3M ($0.91) YoY, down 2.4% and 2.1%.
Net interest margin 3.27% vs 3.22% YoY; net interest income up 11.2% to $168.7M.
Non-performing assets rose to $67M (0.3% of assets) from $46.8M at Mar 31 due to one large commercial loan.
Net charge-offs $10.4M vs net recoveries $0.6M in prior year quarter; provision $9M.
Tangible book value per share up 8.2% to $27.58; repurchased 1.1M shares at avg $25.62.

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 the quarter ended June 30, 2023 results: net income $61,775,000, EPS $0.89 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $61,775,000
EPS: $0.89 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 $0.89 per diluted share for the quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000936528-23-000147

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