---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-25-000045"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:42:18.637619+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WaFd Q1 net income $47.3M, down 19% YoY; NPA ratio 0.29%; dividend $0.26 quarterly

## Summary
- Q1 FY2025 net income $47.3M ($43.6M to common), down from $58.5M in prior-year quarter.
- Efficiency ratio 65.04% (adjusted 60.4%), impacted by restructuring costs from LBC merger.
- Non-performing assets 0.29% of total assets; ACL covers 259% of NPAs.
- Total deposits $21.4B, uninsured/uncollateralized deposits at 24.8%; cash & securities 17% of assets.
- Common dividend $0.26/share (3.42% yield); 1.07M shares repurchased in FY24 at avg $25.29.

## SEC filing metadata
- accession: 0000936528-25-000045
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652825000045/0000936528-25-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652825000045/wfsl-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-25-000045
- JSON: https://secwatch.observer/filing/0000936528-25-000045.json
- Plain text: https://secwatch.observer/filing/0000936528-25-000045.txt

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