WAFD INC reported the quarter ended March 31, 2026 results: net income $66 million, EPS $0.82.
“Financial Condition) of Form 8-K. --- EX-99.1 (EX-99.1) --- Thursday, April 16, 2026 FOR IMMEDIATE RELEASE WaFd Announces Quarterly Earnings Per Share Of $0.82 Q2 Highlights $66 Million $0.82 0.96% 10.8% Net Income Diluted Earnings per Common Share Return on Average Assets Return on Tangible Common Equity 1 Uncertainty seems to be our new reality, not just in”
James Endrizzi changed role as Senior Vice President and Regional Director of Commercial Real Estate Banking at WAFD INC.
“Mr. James Endrizzi, Executive Vice President and Chief Commercial Banker of WaFd, Inc. and its banking subsidiary, WaFd Bank, will be transitioning to a new role as the Senior Vice President and Regional Director of Commercial Real Estate Banking for Utah and Idaho, where he will focus on commercial real estate lending in the Utah and Idaho regions.”
M&A Transactions
WAFD INC completed a disposition involving Bank of America, N.A. for $2.6 billion (closed 2024-06-21).
“On June 21, 2024, Washington Federal Bank, dba WaFd Bank, a wholly owned subsidiary of WaFd, Inc. (the “Company”) finalized the previously announced sale to Bank of America, N.A. (the “Purchaser”) of approximately 1,800 commercial multi-family real estate loans (the “Loans”) pursuant to an Agreement for Purchase and Sale of Loans dated May 14, 2024 (the “Purchase Agreement”). The aggregate purchase price for the Loans was $2.6 billion”
Material Agreements
WAFD INC entered into Agreement for Purchase and Sale of Loans with Bank of America, N.A. valued at $3.2 billion (effective 2024-05-14).
“On May 14, 2024 Washington Federal Bank, dba WaFd Bank, (“WaFd Bank”) a wholly owned subsidiary of WaFd, Inc. (the “Company”) entered into an Agreement for Purchase and Sale of Loans (the “Purchase Agreement”), with Bank of America, N.A. (the “Purchaser”) pursuant to which the Purchaser agreed to purchase approximately 2,000 commercial multi-family real estate loans (the “Loans”) from WaFd Bank (the “Transaction”) with a current aggregate unpaid principal balance of $3.2 billion.”
Shareholder Votes
WAFD INC shareholders approved Frequency of Say on Pay Proposal at the 2024-02-13 meeting.
“the Company’s stockholders, consistent with the recommendation of the Company’s Board of Directors, expressed their preference for a Say-on-Pay Vote to be conducted every year”
Earnings Releases
WAFD INC reported the quarter ended March 31, 2024 results: net income $15,888,000, EPS $0.17 per diluted share.
“Earnings for the quarter ended March 31, 2024 were $15,888,000, a decrease of 73% from net earnings of $58,453,000 for the quarter ended December 31, 2023 and a decrease of 76% from net earnings of $65,934,000 for the quarter ended March 31, 2023. After the effect of dividends on preferred stock, net income available for common shareholders was $0.17 per diluted share for the quarter ended March 31, 2024, compared to $0.85 per diluted share for the quarter ended December 31, 2023, a $0.68 or 80% decrease, and $0.95 per diluted share for the quarter ended March 31, 2023, a $0.78 or 82% decrease in fully diluted earnings per common share.”
M&A Transactions
WAFD INC completed an acquisition involving Luther Burbank Corporation for 0.3353 shares of WaFd Common Stock per share of LBC Common Stock, totaling approximately 17,088,993 shares of WaFd Common Stock (closed 2024-03-01).
“at the Effective Time, each share of common stock, no par value, of Luther Burbank (“LBC Common Stock”) outstanding immediately prior to the Effective Time converted into 0.3353 shares of the Company’s common stock, par value $1.00 per share (“WaFd Common Stock”), with cash (without interest) paid in lieu of fractional shares (the “Merger Consideration”).”
Debt Financings
WAFD INC incurred senior notes of initial principal amount of $95,000,000 with Holders of Luther Burbank senior unsecured term notes at 6.50% maturing September 30, 2024.
“Luther Burbank’s 6.50% senior unsecured term notes maturing September 30, 2024, issued with an initial principal amount of $95,000,000 (the “Senior Debt”)”
Debt Financings
WAFD INC incurred senior notes of initial principal amount of $41,238,000 with Holders of Luther Burbank 2036 Notes at fixed/floating rate maturing June 15, 2036.
“Luther Burbank’s fixed/floating rate junior subordinated deferrable interest debentures due June 15, 2036, with an initial principal amount of $41,238,000, dated March 30, 2006 (the “2036 Notes”)”
Shareholder Votes
WAFD INC shareholders approved Non-binding advisory vote on the frequency of future advisory votes on executive compensation at the 2024-02-13 meeting.
“Non-binding advisory vote on frequency of advisory votes on exec. compensation 7,674,043 166,599 45,633,095 132,634 53,606,371”
Shareholder Votes
WAFD INC shareholders approved Ratification of the appointment of Deloitte & Touche, LLP as the independent registered public accountants for fiscal 2024 at the 2024-02-13 meeting.
WAFD INC shareholders approved Non-binding advisory vote on executive compensation at the 2024-02-13 meeting.
“Non-binding advisory vote on executive compensation 50,789,766 2,683,328 133,277 53,606,371”
Shareholder Votes
WAFD INC shareholders approved Election of Directors at the 2024-02-13 meeting.
“Election of Directors Three-year term: Brent J. Beardall 52,381,970 — 1,224,401 53,606,371 4,554,785 Sylvia R. Hampel 52,122,155 — 1,484,216 53,606,371 4,554,785 S. Steven Singh 51,017,028 — 2,589,343 53,606,371 4,554,785”
M. Max Yzaguirre was appointed as Director at WAFD INC.
“effective as of the Effective Time and subject to the closing of the Merger, the WaFd Board and the WaFd Bank Board appointed Bradley M. Shuster and M. Max Yzaguirre (the “LBC Director Appointees”), each of whom currently serve as directors of Luther Burbank and LB Savings, to serve until the next annual meeting of shareholders of WaFd at which the class of directors to which each such individual will be appointed is presented to shareholders for reelection.”
Bradley M. Shuster was appointed as Director at WAFD INC.
“effective as of the Effective Time and subject to the closing of the Merger, the WaFd Board and the WaFd Bank Board appointed Bradley M. Shuster and M. Max Yzaguirre (the “LBC Director Appointees”), each of whom currently serve as directors of Luther Burbank and LB Savings, to serve until the next annual meeting of shareholders of WaFd at which the class of directors to which each such individual will be appointed is presented to shareholders for reelection.”
Earnings Releases
WAFD INC reported the quarter ended December 31, 2023 results: net income $58,453,000, EPS $0.85 per diluted share.
“net income available for common shareholders was $0.85 per diluted share for the quarter ended December 31, 2023”
Earnings Releases
WAFD INC reported the fiscal year ended September 30, 2023 results: net income $257,426,000, EPS $3.72 per share.
“WaFd, Inc. (Nasdaq: WAFD) (the "Company"), parent company of WaFd Bank (the "Bank"), today announced record annual earnings of $257,426,000 for the fiscal year ended September 30, 2023, an increase of $21,096,000 from earnings of $236,330,000 for the year ended September 30, 2022. After the effect of dividends on preferred stock, net income available for common shareholders was $3.72 per share for the fiscal year ended September 30, 2023, a $0.33 or 9.7% increase from $3.39 for the prior fiscal year.”
Governance Changes
WAFD INC: Bylaws amended and restated to reflect name change to WaFd, Inc (effective 2023-09-29).
“The Company’s Bylaws were also amended and restated, effective September 29, 2023 to reflect the Name Change.”
Governance Changes
WAFD INC: Articles of Amendment filed to change corporate name from Washington Federal, Inc. to WaFd, Inc (effective 2023-09-29).
“On September 27, 2023 Washington Federal, Inc. (the “Company”) filed Articles of Amendment to its Restated Articles of Incorporation, as amended, with the Washington Secretary of State, to change its corporate name to WaFd, Inc, (the “Name Change”). The Articles of Amendment are effective at 12:01 a.m. on September 29, 2023.”
Earnings Releases
WAFD INC reported the quarter ended June 30, 2023 results: net income $61,775,000, EPS $0.89 per diluted share.
“After the effect of dividends on preferred stock, net income available for common shareholders was $0.89 per diluted share for the quarter ended June 30, 2023”
Mark Tabbutt departed as Director at WAFD INC.
“On May 5, 2023, Mark Tabbutt notified Washington Federal, Inc. (the “Company”) that he will not stand for reelection as a director of the Company upon the expiration of his current term.”
Shareholder Votes
WAFD INC shareholders approved Approval of the Issuance of Shares of Washington Federal Common Stock in connection with the merger at the 2023-05-04 meeting.
“A proposal to approve the issuance of shares of Washington Federal common stock in connection with the merger as consideration to the shareholders of Luther Burbank Corporation pursuant to the merger agreement (the “Washington Federal share issuance proposal”) was approved upon the following votes: Votes for Votes Against Abstentions Broker Non-Votes 53,299,406 403,160 212,943 0”
Earnings Releases
WAFD INC reported financial results for quarter ended March 31, 2023.
“On April 13, 2023, Washington Federal, Inc. (the "Company") announced by press release its earnings for the quarter ended March 31, 2023. A copy of the press release is attached to this filing as Exhibit 99.1.”
Blayne Sanden was appointed as Senior Vice President, Principal Accounting Officer at WAFD INC.
“Effective March 15, 2023, Washington Federal, Inc. (the “Company”) appointed Blayne Sanden as the Company’s Senior Vice President, Principal Accounting Officer.”
Shareholder Votes
WAFD INC shareholders approved Ratify appointment of Deloitte & Touche LLP as the independent registered public accountants for fiscal 2023 at the 2023-02-14 meeting.
WAFD INC shareholders approved Non-binding advisory vote on executive compensation at the 2023-02-14 meeting.
“Non-binding advisory vote on executive compensation 48,593,024 3,533,836 227,994 52,354,854”
Shareholder Votes
WAFD INC shareholders approved Approval of Amendment No. 1 to the WAFD Bank Deferred Compensation Plan at the 2023-02-14 meeting.
“Approval of Amendment No. 1 to the WAFD Bank Deferred Compensation Plan 51,817,598 452,901 84,355 52,354,854”
Shareholder Votes
WAFD INC shareholders approved Approval of adoption of the Non-Qualified Employee Stock Purchase Plan at the 2023-02-14 meeting.
“Approval of adoption of the Non-Qualified Employee Stock Purchase Plan 52,099,557 207,025 48,272 52,354,854”
Shareholder Votes
WAFD INC shareholders approved Election of Directors Three-year term: Stephen M. Graham, David K. Grant, Randall H. Talbot at the 2023-02-14 meeting.
“Annual Meeting of Shareholders of Washington Federal, Inc. (the "Company") was held on February 14, 2023. The five items voted upon by shareholders included 1) the election of three directors for a three-year term; 2) the approval of the adoption of a non-qualified employee stock purchase program; 3) the approval of an amendment to the WAFD Bank Deferred Compensation Plan; 4) the approval of a non-binding, advisory vote on the compensation of Washington Federal named executive officers; and 5) the ratification of the appointment of Deloitte & Touche LLP as the independent registered public accountants for fiscal 2023. The results of the voting were as follows: 4 Votes Cast Votes Total Broker For Against Withheld Votes Cast Non-votes Election of Directors Three-year term: Stephen M. Graham 50,639,890 — 1,714,964 52,354,854 4,713,438 David K. Grant 51,087,036 — 1,267,818 52,354,854 4,713,438 Randall H. Talbot 43,254,849 — 9,100,005 52,354,854 4,713,438”
Cathy Cooper changed role as Executive Vice President and Chief Consumer Banker at WAFD INC.
“Ms. Cooper will return to her role as Executive Vice President and Chief Consumer Banker.”
Brent Beardall was appointed as President and Chief Executive Officer at WAFD INC.
“Effective February 13, 2023, Mr. Beardall will return from his leave of absence and resume his duties and responsibilities as President and Chief Executive Officer of the Company and WaFd Bank.”
Earnings Releases
WAFD INC reported quarter ended December 31, 2022 results: net income $79,509,000, EPS $1.16 per diluted share.
“After the effect of dividends on preferred stock, net income available for common shareholders was $1.16 per diluted share for the quarter ended December 31, 2022”
Vincent Beatty departed as Executive Vice President and Senior Advisor to the Chief Financial Officer at WAFD INC.
“It is anticipated that Mr. Beatty will remain in this role until his retirement on March 31, 2023.”
Vincent Beatty changed role as Executive Vice President and Senior Advisor to the Chief Financial Officer at WAFD INC.
“Mr. Beatty will remain employed by the Company on an at-will basis and at his current annual base salary in the role of Executive Vice President and Senior Advisor to the Chief Financial Officer.”
Kelli Holz was appointed as Executive Vice President and Chief Financial Officer at WAFD INC.
“effective January 1, 2023, Ms. Kelli Holz assumed the role of Executive Vice President and Chief Financial Officer for Washington Federal, Inc.”
Cathy Cooper was appointed as President and CEO at WAFD INC.
“Effective January 3, 2023, Executive Vice President and Chief Consumer Banker, Cathy Cooper, will temporarily assume Mr. Beardall’s duties as President and CEO during his recovery.”
Brent Beardall changed role as President and CEO at WAFD INC.
“Mr. Beardall will take a temporary leave of absence from his duties as President and CEO while he recovers from his injuries.”
Cory D. Stewart resigned as Senior Vice President and Principal Accounting Officer at WAFD INC.
“On December 15, 2022, Cory D. Stewart, Senior Vice President and Principal Accounting Officer of Washington Federal Bank ("WaFd Bank"), (the "Bank"), the wholly owned subsidiary of Washington Federal, Inc. (the "Company") notified the Bank of his intended resignation, effective January 2, 2023.”
Material Agreements
WAFD INC entered into Agreement and Plan of Reorganization with Luther Burbank Corporation (effective 2022-11-13).
“On November 13, 2022, Washington Federal, Inc., a Washington corporation (“ WAFD ”), and Luther Burbank Corporation, a California corporation (“ Luther Burbank ”), entered into an Agreement and Plan of Reorganization (the “ Merger Agreement ”)”
Vincent L. Beatty departed as Chief Financial Officer at WAFD INC.
“The Company's current Chief Financial Officer, Vincent L. Beatty, will relinquish his responsibilities with that role upon his retirement at the end of December 2022, as previously disclosed.”
Kelli Holz was appointed as Chief Financial Officer at WAFD INC.
“announced the appointment of Kelli Holz to serve as both the Company's and the Bank's Chief Financial Officer, effective January 1, 2023.”
Vincent Beatty departed as Executive Vice President and Chief Financial Officer at WAFD INC.
“On January 25, 2022 Executive Vice President and Chief Financial Officer, Vincent Beatty informed the Board of his intent to retire effective in early 2023.”
Brent Beardall was appointed as Vice-Chairman of the Board at WAFD INC.
“and Director Brent Beardall was appointed Vice-Chairman of the Board”
Stephen Graham was appointed as Chairman of the Board at WAFD INC.
“Concurrent to Chairman Kelley's retirement, Director Stephen Graham was appointed as successor to the role of Chairman of the Board”
Barbara Smith retired as Director at WAFD INC.
“both Chairman Thomas Kelley and Director Barbara Smith were not nominated for re-election to the board and retired following the January 25, 2022 annual shareholder meeting, consistent with the Company's director retirement policy.”
Thomas Kelley retired as Chairman of the Board at WAFD INC.
“both Chairman Thomas Kelley and Director Barbara Smith were not nominated for re-election to the board and retired following the January 25, 2022 annual shareholder meeting, consistent with the Company's director retirement policy.”
Shawn Bice was appointed as Director at WAFD INC.
“appointed Ms. Sylvia Hampel, Mr. Sean Singleton and Mr. Shawn Bice to the Board to fill the vacancies created by such increase, effective July 1, 2021.”
Sean Singleton was appointed as Director at WAFD INC.
“appointed Ms. Sylvia Hampel, Mr. Sean Singleton and Mr. Shawn Bice to the Board to fill the vacancies created by such increase, effective July 1, 2021.”
Sylvia Hampel was appointed as Director at WAFD INC.
“appointed Ms. Sylvia Hampel, Mr. Sean Singleton and Mr. Shawn Bice to the Board to fill the vacancies created by such increase, effective July 1, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.