Washington Federal (WAFD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 09, 2026

TBA (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.75

Last Year’s EPS

0.65

Same Quarter Last Year

Analyst Consensus

Hold

Based on 3 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Jan 15, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mix of solid operating and capital results alongside emerging credit and margin headwinds. Positive elements include strong EPS growth (40% YoY), active loan production ($1.1B) and a 28% increase in the lending pipeline, improved deposit composition (core deposits 79.7%) and a tighter efficiency ratio (55.3%). Offsetting these strengths are meaningful increases in nonaccrual loans and NPAs (nonaccruals +49%), higher delinquencies, a modest level of net charge-offs, near-term margin pressure from MBS purchases and nonaccrual reversals, and increased borrowings to fund the investment portfolio. Management emphasized capital adequacy, strategic shift to business banking (Build 2030), and confidence in loan pipeline conversion, but also acknowledged regulatory (CRA) limitations and deposit challenges. Overall, the positives and negatives are balanced — the company is executing strategic initiatives and returning capital while navigating elevated credit migration and margin pressure.

Company Guidance

Management's guidance focused on margin and loan growth: they target lifting net interest margin to ~3.0% within the next two years (current quarter NIM 2.70%, spot margin 2.77%; yield on interest‑earning assets 5.05%, cost of interest‑bearing liabilities 2.76%), while flagging near‑term headwinds from mortgage‑backed security purchases (securities +$728M this quarter, effective yield 4.93%, contributed ~$1.2M this quarter and ~1.03% annualized on balances) and a ~$5M nonaccrual interest reversal. They expect active loan growth of 8–12% over 1–2 years (management noted 6–10% for FY26) with a $3.2B lending pipeline (up $697M, +28% QoQ), plan to increase noninterest‑bearing deposits to 20% of total by 2030 (currently 12.6%; NIB +$125M, +4.9% QoQ; NIB accounts +5,800 or +2.5% YoY), target operating efficiency near the ~55% top end (current 55.3%) and higher return on tangible common equity (10.6% today; ~12.9% at a 3% margin), while maintaining strong liquidity and capital (loan‑to‑deposit 92.7%, core deposits 79.7%) and continuing opportunistic buybacks (≈1.95–2.0M shares repurchased at $29.75; 6.3M shares remaining authorization; stock ~1.1x tangible book).

Strong EPS and Net Income Growth

Net income available to common shareholders of $60.5 million, or $0.79 diluted EPS for the quarter (vs $0.54 in Q1 FY2025 and $0.72 in prior quarter) — management cited 40% year-over-year EPS growth and 10% linked-quarter EPS growth.

Active Loan Production and Expanding Pipeline

Active loan originations of $1.1 billion in the quarter (outpacing $1.0 billion of repayments/payoffs). Production mix: 46% C&I, 23% commercial real estate, 25% construction. Total lending pipeline increased $697 million (28% quarter-over-quarter) to $3.2 billion (from $2.5 billion).

Deposit Composition and Liquidity Improvements

Noninterest-bearing deposits increased $125 million (+4.9% QoQ). Interest-bearing deposits increased $434 million (+4.5% QoQ) while time deposits decreased $580 million (-6.4% QoQ). Core deposits rose to 79.7% of total deposits (from 77.9% prior quarter). Loan-to-deposit ratio improved to 92.7% (down materially from >110% two years ago).

Investment Strategy Producing Incremental NII

Purchased discount-priced agency mortgage-backed securities (MBS) with an effective yield of 4.93%, increasing investment securities and MBS by $728 million during the quarter; these purchases generated approximately $1.2 million of net interest income in the quarter and are being used to offset single-family mortgage runoff.

Improved Expense Efficiency

Total noninterest expense decreased $1.3 million (-1.2% QoQ) due to reduced compensation and technology expenses. Efficiency ratio improved to 55.3% from 56.8% in the prior quarter.

Capital Strength and Share Repurchase Activity

All capital ratios exceed regulatory well-capitalized levels. Repurchased 1.95 million shares at a weighted average price of $29.75 this quarter (2.0 million cited), adding ~ $0.02 to EPS for the quarter; remaining repurchase authorization for ~6.3 million shares. Management views stock at ~1.1x tangible book value and continues opportunistic buybacks.

New Wealth Management Channel and Early AUM Traction

Launched WaFd Wealth Management on August 31; AUM reached just over $400 million at quarter end with a target of $1 billion within two years — management described early indications as positive for noninterest income diversification.

Allowance Coverage and Reserve Position

Allowance for credit losses (including reserve for unfunded commitments) of 1.05% of gross loans (up from 1.00% year-over-year). For commercial loans, allowance is 1.33% of net loans (up from 1.26% year-over-year), supporting credit coverage amid rising stressed credits.

Washington Federal (WAFD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WAFD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 09, 2026	2026 (Q2)	0.75 / -	0.65	―	―	―
Jan 15, 2026	2026 (Q1)	0.76 / 0.79	0.54	46.30% (+0.25)	―
Oct 16, 2025	2025 (Q4)	0.77 / 0.72	0.71	1.41% (+0.01)	―
Jul 17, 2025	2025 (Q3)	0.68 / 0.73	0.75	-2.67% (-0.02)	―	―
Apr 11, 2025	2025 (Q2)	0.58 / 0.65	0.17	282.35% (+0.48)	―	―
Jan 16, 2025	2025 (Q1)	0.65 / 0.54	0.85	-36.47% (-0.31)	―	―
Oct 17, 2024	2024 (Q4)	0.70 / 0.71	0.72	-1.39% (-0.01)	―	―
Jul 16, 2024	2024 (Q3)	0.61 / 0.75	0.89	-15.73% (-0.14)	―	―
Apr 22, 2024	2024 (Q2)	0.40 / 0.17	0.95	-82.11% (-0.78)	―	―
Jan 16, 2024	2024 (Q1)	0.77 / 0.85	1.16	-26.72% (-0.31)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WAFD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 15, 2026	$33.73	$32.39	-3.97%
Oct 16, 2025	$27.59	$27.83	+0.87%
Jul 17, 2025	$29.22	$29.21	-0.03%
Apr 11, 2025	$23.89	$26.03	+8.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Washington Federal (WAFD) report earnings?

Washington Federal (WAFD) is schdueled to report earning on Apr 09, 2026, TBA (Confirmed).

What is Washington Federal (WAFD) earnings time?

Washington Federal (WAFD) earnings time is at Apr 09, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WAFD EPS forecast?

WAFD EPS forecast for the fiscal quarter 2026 (Q2) is 0.75.