earnings
confidence high
sentiment neutral
materiality 0.75
WaFd Q3 EPS $0.75; net income $64.6M up 306% QoQ but diluted EPS down 16% YoY
WAFD INC
2024-Q3 EPS reported
$1.78
revenue$20,460,000
- Net income $64.56M, diluted EPS $0.75; up 341% from $0.17 prior quarter, down 16% from $0.89 year ago.
- Net interest margin 2.56%, compressed from 2.73% (Q2) and 2.91% (Q1) amid higher deposit costs.
- Acquisition-related costs $2.3M; adjusted ROE 9.4% vs 8.7% prior quarter and 11.1% year ago.
- First full quarter after Luther Burbank acquisition; total loans $22.5B, deposits $21.2B.
- Mortgage productions $972.5M in quarter; non-performing assets $68.8M (0.24% of assets).