---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-23-000147"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T08:01:40.415206+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000936528-23-000147
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652823000147/0000936528-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652823000147/wfsl-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-23-000147
- JSON: https://secwatch.observer/filing/0000936528-23-000147.json
- Plain text: https://secwatch.observer/filing/0000936528-23-000147.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652823000147/0000936528-23-000147-index.htm

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