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

Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0000936528-25-000090
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd Q3 FY2025 net income $62M, down 4% YoY; loan growth slows, NIM compressed
------------------------------------------------------------------------------

- Net income $61.95M for quarter ended June 30, 2025 vs $64.56M YoY; EPS available to common $0.66 (implied).
- Net interest margin narrowed to ~2.59% (estimated) as net interest income fell 5% to $168M.
- Non-performing assets $97M (0.36% of total assets); allowance for credit losses $199M covers 205% of NPAs.
- Deposits $21.4B, uninsured/uncollateralized at 23.8%; cost of deposits 2.77% vs Fed funds 4.50%.
- YTD share buybacks 2.48M shares at $29.49; $0.27 quarterly dividend yield 3.63%; 9.1M shares remain authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000090/0000936528-25-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652825000090/wfsl-20250822.htm
  HTML page:      https://secwatch.observer/filing/0000936528-25-000090

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