secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000936528-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd Q1 EPS $0.54 (down 24% QoQ); net income $47.3M; exits single-family mortgage origination
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- Net income $47.3M, down 23% from $61.1M in Q4 FY24; diluted EPS $0.54 vs $0.71.
- Net interest margin fell to 2.39% from 2.62% QoQ; net interest income $155M (down 10% QoQ).
- Adjusted EPS $0.62 excluding $5.4M restructuring charges related to mortgage exit and other items.
- EVP James Endrizzi transitions to non-executive role; forfeits 37,841 RSUs and FY25 bonus.
- Bank stops originating single-family mortgages and HELOCs; will continue to hold existing loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000031/0000936528-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000031/wfsl-20250116.htm
  HTML page:      https://secwatch.observer/filing/0000936528-25-000031

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