---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000075"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T08:16:53.977823+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WaFd Q2 FY2024 net income $15.9M, down 76% YoY; merger costs pressure earnings

## Summary
- Net income available to common $12.2M ($0.14 diluted EPS) vs $62.3M prior year, down 80.4%.
- Net interest income fell 9.4% to $158.6M as deposit costs surged 123% to $116.2M.
- Completed Luther Burbank merger on March 1, adding $6.2B loans, $5.6B deposits; $25M merger-related expenses incurred.
- Provision for credit losses of $16M, primarily due to merger-related ACL build; total ACL $201M (295% of NPAs).
- Non-performing assets 0.23% of total assets; 164 consecutive quarterly dividends maintained at $0.26/share.

## SEC filing metadata
- accession: 0000936528-24-000075
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000075/0000936528-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000075/wfsl-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000075
- JSON: https://secwatch.observer/filing/0000936528-24-000075.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000075.txt

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