---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000031"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:22:29.498930+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WaFd Q1 EPS $0.85, down 27% YoY; net interest margin falls to 2.91%

## Summary
- Net income $58.5M, up 16% QoQ but down 26% YoY; diluted EPS $0.85 vs $1.16 YoY.
- Net interest margin 2.91% vs 3.69% YoY; net interest income $152M, down 16.7% YoY.
- Loan originations $0.9B, halved from $2.0B YoY; net recoveries of $113K vs net charge-offs in prior quarters.
- Tangible book value per share $28.65, up 2.1% QoQ; credit remains strong with NPAs at 0.24% of assets.
- Merger with Luther Burbank expected to close this quarter; share repurchases 697,893 shares at $24.45.

## SEC filing metadata
- accession: 0000936528-24-000031
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000031/0000936528-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000031/wfsl-20240116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000031
- JSON: https://secwatch.observer/filing/0000936528-24-000031.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000031.txt

## Key facts
- Earnings Releases
  WAFD INC reported the quarter ended December 31, 2023 results: net income $58,453,000, EPS $0.85 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $58,453,000
  - EPS: $0.85 per diluted share
  - Result: reported results
  source text: net income available for common shareholders was $0.85 per diluted share for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/936528/000093652824000031/0000936528-24-000031-index.htm

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