WaFd (WAFD) Reports Q4 and Full-Year Fiscal 2026 Earnings
WaFd Inc. reported its fourth-quarter earnings for fiscal year ended September 30, 2026, with net income of $241.2 million—marking the second-highest annual result in company history. The quarter saw a rise in EPS to $0.76 from $0.72 in the prior-year period. Management highlighted strategic moves including the sale of $543 million in single-family residential loans and reclassification of multifamily loans as held for sale, aimed at improving asset yields. The company also disclosed merger-related expenses totaling $6.2 million due to its pending acquisition of EverBank, which is expected to close by early 2027 if regulatory approvals are secured. WaFd’s deposit base grew significantly in Q4 with a $389 million increase led by time deposits, while the loan portfolio declined by $977 million primarily from sales activity. Despite these strategic shifts and strong capital ratios (CET1 at 11.4%, total risk-based capital ratio of 14.4%), management noted potential challenges including inflationary pressures, energy supply shocks, and a competitive deposit market that could affect credit quality and borrower costs.
Tickers: $WAFD
Topics: deposit_growth loan_sales merger_expenses net_income
Read the full article at Motley Fool
Part of the story IRSA Inversiones y Representaciones S.A. Files Annual 20-F Form for Fiscal Year 2026 (15 articles)