Washington Federal (WAFD)
NASDAQ:WAFD
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Earnings Data
Report Date
Jul 09, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.82Last Year’s EPS
0.73Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operational and financial progress: strong loan originations and active loan portfolio growth, notable EPS and NII improvement, improving credit metrics and strong liquidity and capital. Management also highlighted strategic initiatives (Build 2030), technology and wealth momentum, and opportunistic buybacks. Key risks discussed include quarter deposit outflows and competitive pressure for low-cost deposits, margin compression from MBS purchases funded by higher borrowings, elevated noninterest expenses, and one significant commercial delinquency. Overall, the positive execution on growth, credit trends and capital initiatives outweigh the headwinds discussed.Company Guidance
Strong Net Income and EPS Growth
Net income available to common shareholders of $61.9 million and EPS of $0.82 for the quarter ended March 31, 2026, up from $0.65 in Q2 FY2025 (+26% YoY) and up $0.03 from the prior quarter (linked-quarter EPS growth of ~4%).
Robust Loan Originations and Active Portfolio Growth
Total originations in active loan types of $1.5 billion vs repayments/payoffs of $900 million; loans receivable increased $119 million during the quarter. Active portfolio grew 12% linked quarter and gross active loans outstanding (including unfunded) increased ~20% linked quarter.
Diversified Loan Production Mix
Loan production centered in C&I (37%), Construction (35%) and Commercial Real Estate (15%), achieved with consistent underwriting discipline.
Improved Credit Metrics and Loss Coverage
Adversely classified loans decreased $65 million to 2.6% of net loans (from 2.9%); criticized loans decreased $65 million to 4.2% of net loans (from 4.6%); nonperforming assets fell to $132 million (0.48% of total assets) from $203 million (0.75%); allowance for credit losses (incl. unfunded) 1.05% of gross loans (up from 1.01% YoY).
Net Interest Income and Margin Expansion
Net interest income increased $6.5 million quarter-over-quarter. Net interest margin 2.81% for the quarter (up from 2.70% in prior quarter) with yield on interest-earning assets at 5.06% and cost of interest-bearing liabilities at 2.78%.
Strong Liquidity and Capital Position
On-balance sheet liquidity of $4.2 billion, estimated CET1 ratio ~11.4% and total risk-based capital ratio ~14.4%, providing capacity for growth and returns.
Share Repurchases and Capital Return
Repurchased 2.7 million shares during the quarter at a weighted average price of $31.85 (1.05x tangible book value), representing ~3.6% of shares outstanding as of Dec 31, 2025; remaining authorization to repurchase ~8 million shares.
Strategic Progress: Build 2030 and Deposit Strategy
Reorganization into focused business lines (Business Bank, Corporate, CRE) and goal to increase noninterest-bearing deposits from 11% to 20% of total deposits by 2030. Core deposits increased to 80.4% of total deposits (up from 79.7% prior quarter).
Wealth Management and Fee Income Momentum
Wealth AUM nearly $450 million (on the path to $1 billion target in 2 years); total noninterest income ~$19.8 million with insurance commissions rising to $6.7 million (from $4.4 million prior quarter); management views ~$20 million fee run-rate as sustainable.
Technology and AI Initiatives
Launched in-house software subsidiary and next-generation mobile app (faster balance display), using AI to double developer productivity and planning an AI call center agent to improve service and banker bandwidth.
Regulatory Proposal Could Boost Capital
Federal Reserve proposed risk-weighting changes for low LTV single-family loans; WaFd estimates a potential regulatory capital benefit of approximately $400 million if finalized, enhancing strategic optionality.
Deposit Pipeline Acceleration
Deposit pipeline increased 66% linked-quarter from $264 million to $439 million, indicating traction on low-cost funding initiatives.
WAFD Earnings History
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 |
|---|---|---|---|
Apr 16, 2026 | $32.51 | $35.24 | +8.40% |
Jan 15, 2026 | $33.45 | $32.12 | -3.97% |
Oct 16, 2025 | $27.36 | $27.60 | +0.86% |
Jul 17, 2025 | $28.98 | $28.97 | -0.03% |
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 Jul 09, 2026, TBA (Confirmed).
What is Washington Federal (WAFD) earnings time?
Washington Federal (WAFD) earnings time is at Jul 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 (Q3) is 0.82.