---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000079"
form_type: "8-K/A"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:08:31.686316+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WaFd completes merger with Luther Burbank; acquired bank had $8.2B assets, net income down 80% in 2023

## Summary
- Merger closed effective March 1, 2024; Luther Burbank merged into WaFd, bank subsidiary merged into WaFd Bank.
- Luther Burbank's 2023 net income fell to $16.2M from $80.2M in 2022; provision for credit losses jumped to $7.6M from $1.2M.
- Acquired institution had $8.2B total assets, $5.8B deposits, $6.8B loans net of allowance as of Dec 31, 2023.
- Pro forma financial info for FY Sep 30, 2023 and six months ended Mar 31, 2024 filed as Exhibit 99.2.

## SEC filing metadata
- accession: 0000936528-24-000079
- form_type: 8-K/A
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000079/0000936528-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000079/wfsl-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000079
- JSON: https://secwatch.observer/filing/0000936528-24-000079.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000079.txt

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