WaFd, Inc. (WAFD) Q3 2026 Earnings Call Transcript
WaFd NASDAQ: WAFD reported higher fiscal third-quarter earnings as loan growth resumed across its active portfolios, expenses remained stable and credit costs increased amid continued pressure from elevated interest rates and economic uncertainty.
WaFd's fiscal Q3 earnings miss estimates by a penny as provisions and expenses rise, despite higher net interest income, margins and non-interest income.
The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
WaFd (WAFD) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.73 per share a year ago.
Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1), the oil and gas company with production and development assets in Texas, said its proved reserves rose 18% in an independent review tied to its bank credit facility. The update was carried out in connection with the company's borrowing base with WAFD Bank, formerly Washington Federal Savings and Loan.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does WaFd (WAFD) have what it takes?
WaFd preferred shares now offer a 7.5% yield, trading at a 35% discount to par, presenting an attractive entry for income investors. WAFD's net interest income has risen for five consecutive quarters, supported by consistent declines in interest expense and stabilization of the loan-to-deposit ratio at 93%. Loan growth remains sluggish post-merger, but Q1 saw a modest 0.6% uptick; deposits are stable, with minimal quarterly fluctuations.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does WaFd (WAFD) have what it takes?
WaFd receives a reaffirmed soft ‘buy' rating, reflecting solid fundamentals despite recent underperformance versus the S&P 500. WAFD's net interest margin expanded to 2.76%, supporting higher net interest income and profitability amid modest declines in deposits and loans. The bank trades at a forward P/E of 9.8, below most peers, and at a discount to book value, enhancing its relative valuation appeal.
WaFd (WAFD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does WaFd (WAFD) have what it takes?