secwatch.observer — SEC 8-K summary
======================================

Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0000936528-25-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd reports Q2 2025 net income $56.3M; NII $160.9M; NPAs at 0.26% of assets
----------------------------------------------------------------------------

- Net income $56.3M for three months ended March 31, 2025, up from $15.9M a year ago (prior quarter included merger costs).
- Net interest income $160.9M (+1% YoY); efficiency ratio improved to 58.3% from 77.74%.
- Non-performing assets $71M (0.26% of total assets); ACL $203M covers 286% of NPAs.
- Total assets $27.6B; total deposits $21.4B; net loans $20.9B as of March 31, 2025.
- Dividend $0.27/share (3.79% yield); 10.8M shares remain under buyback authorization; CET1 ratio well above minimum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000066/0000936528-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000066/wfsl-20250505.htm
  HTML page:      https://secwatch.observer/filing/0000936528-25-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer