secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000936528-24-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd Q2 net income drops 73% QoQ to $15.9M; EPS $0.17, merger costs $51.1M
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- Net income $15.9M, down 73% from $58.5M in prior quarter; diluted EPS $0.17 vs $0.85.
- Merger-related and non-operating costs totaled $51.1M; adjusted ROE 8.7% vs 10.21% prior quarter.
- Net interest margin fell to 2.73% from 2.91%; average interest-earning assets $23.3B.
- Completed merger with Luther Burbank Corporation; loans added $6.4B, total loans $20.8B net.
- Fact sheet: total assets $24.9B, deposits $21.3B, non-performing assets $68.4M (0.23% of assets).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000067/0000936528-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000067/wfsl-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000936528-24-000067

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