secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0000936528-23-000147
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652823000147/0000936528-23-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652823000147/wfsl-20230714.htm
  HTML page:      https://secwatch.observer/filing/0000936528-23-000147

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