WaFd reported third-quarter fiscal 2026 net income of $66.13 million and diluted earnings per common share of $0.84, up 15% year-over-year in EPS. Return on tangible common equity was 11.0% for the quarter and net interest income was $181.3 million with a net interest margin of 2.81%. The company repurchased shares and paid a quarterly cash dividend of $0.27 per share.
Financial Highlights
- Net income: $66,130,000 for the quarter ended June 30, 2026.
- Diluted earnings per common share: $0.84 for the quarter (compared with $0.82 in prior quarter, $0.73 year-ago).
- Net interest income: $181,338,000 for the quarter; net interest margin: 2.81%.
- Net income available to common shareholders: $62,474,000 for the quarter.
- Return on tangible common equity: 11.04% for the quarter; efficiency ratio: 53.69%.
Business Highlights
- Total assets: $27.6 billion at June 30, 2026, up from $26.7 billion at September 30, 2025, driven primarily by investment securities purchases.
- Investment securities increased by $870 million over nine months, largely purchases of discount-priced 30-year mortgage-backed securities at ~5% expected yield to maturity.
- Net loans (loans receivable, net) were $20.02 billion at quarter end; net originations in active loan portfolios grew at an annualized rate of 10.4%.
- Customer deposit mix shifted toward transaction accounts (60.9% of deposits) with time deposits down $945 million (10.3%) over nine months; core deposits comprised 80.6% of total deposits.
- Borrowings increased to $3.3 billion as of June 30, 2026 from $1.8 billion at September 30, 2025 to support asset and liquidity positioning.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.