WaFd (WAFD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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, Inc. (WAFD) Q2 2026 Earnings Call Transcript
WaFd beats fiscal Q2 earnings estimates on higher revenues, but loan and deposit declines, rising expenses and weaker credit quality temper the upbeat quarter.
WaFd (WAFD) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.65 per share a year ago.
Over the past three months, WaFd, Inc. WAFD shares have declined 7.8%. In comparison, the industry fell 9.9% and the S&P 500 Index slipped 2%.
WaFd's preferred shares offer a compelling 7.3% yield, now more attractive for income investors amid recent price declines. Net interest income has gradually risen for four consecutive quarters, supported by improved net interest spreads and benefits from the Luther Burbank merger. Loan balances declined 5.8% in 2025, while deposits remained essentially flat; the loan-to-deposit ratio has improved but remains elevated at 93%.
WaFd, Inc. delivered Q1 2026 net income of $60.5M, with stable net interest income and a boost from noninterest income, including property sale gains. Margins remain under pressure from nonaccrual loans and higher funding costs, partially offset by hedging; agency MBS purchases support liquidity but limit yield. Credit quality is deteriorating, with rising criticized and nonperforming assets, especially in manufacturing, energy, and office CRE, driven by higher rates and tariffs.
WaFd, Inc. (WAFD) Q1 2026 Earnings Call Transcript
WAFD posts a 46% earnings surge in fiscal Q1 on rising NII, robust non-interest income and reduced expenses.
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 (WAFD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.