WaFd Announces Fiscal 2026 Earnings and 22% Increase in EPS
WaFd reported fiscal 2026 net income of $255.9 million, up 13%, with fully diluted EPS up 22% to $3.21 from $2.63. The fiscal Q4 was softer sequentially: net income of $60 million fell 9% versus Q3, weighed by a $36 million charge-off on a resolved classified loan, a $20 million provision, and $6 million of EverBank merger costs. Asset quality improved markedly, with non-performing assets down 37% to 0.32% of assets and delinquencies down to 0.50% of loans.
Key figures
- Eps
- 0.76
- Revenue
- 712372000
- Nim
- 2.81%
- Loan sale
- $543 million single-family residential loans sold; $429 million multifamily held for sale
- Npa ratio
- 0.32%
- Fy eps yoy
- 22%
- Provision q4
- $20.0 million
- Total assets
- $27.2 billion
- Fy net income
- 255865000
- Q4 net income
- 59991000
- Fy eps diluted
- 3.21
- Total deposits
- $21.3 billion
- Efficiency ratio
- 55.12%
- Fy net income yoy
- 13%
- Net chargeoffs q4
- $39.2 million
AI analysis
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