secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0000936528-25-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000045/0000936528-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000045/wfsl-20250211.htm
  HTML page:      https://secwatch.observer/filing/0000936528-25-000045

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