Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
09 November 1982Website:
http://www.wafdbank.comNext earnings report:
16 January 2025Last dividends:
23 August 2024Next dividends:
22 November 2024Price
after hours | Fri, 15 Nov 2024 21:07:02 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
WAFD Latest News
SEATTLE--(BUSINESS WIRE)---- $WAFD #dividend--Today, the Board of Directors of WaFd, Inc. (Nasdaq: WAFD) (the “Company”), announced a regular cash dividend of 26 cents per share. The dividend will be paid December 6, 2024, to common shareholders of record as of November 22, 2024. This will be the Company's 167th consecutive quarterly cash dividend. WaFd, Inc. is the parent company of Washington Federal Bank, a federally insured Washington state chartered commercial bank dba WaFd Bank that operates branches in Wash.
WaFd's merger with Luther Burbank Corporation has improved its loan-to-deposit ratio and reduced external borrowing, enhancing future net interest income and earnings potential. Despite the positive merger impact, WaFd faces risks from high loan-to-deposit ratios and lower-than-average allowance for credit losses, which could pressure earnings. WaFd's preferred shares offer an attractive 6.7% yield and trade at 73% of their call price, providing income and potential capital appreciation.
The acquisition of LBC leads to higher NII and non-interest income and a rise in loan balance. These, along with nil provisions, aid WAFD's fiscal Q4 earnings.
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?
The headline numbers for WaFd (WAFD) give insight into how the company performed in the quarter ended September 2024, 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 $0.70 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.72 per share a year ago.
SEATTLE--(BUSINESS WIRE)---- $WAFD #banking--WaFd, Inc. (Nasdaq: WAFD) (the "Company"), parent company of Washington Federal Bank ("WaFd Bank" or the "Bank"), today announced annual earnings of $200,041,000 for the fiscal year ended September 30, 2024, including the effects of the acquisition of California-based Luther Burbank Corporation ("LBC"). After the effect of dividends on preferred stock, net income available for common shareholders was $2.50 per share for the year. These results reflect acquisition relat.
Does WaFd (WAFD) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.
The LBC acquisition drives revenues and loan balance, which, along with lower provisions, aid WAFD's fiscal Q3 earnings.
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What type of business is Washington Federal?
Washington Federal, Inc. is an American banking holding company. It provides a wide range of banking services, including depositary, insurance, lending to private consumers and medium and large businesses, as well as owners and developers of commercial real estate. Founded in 1917 in Ballard, Washington state. Washington accepts deposits from the public and invests funds in various loans, including first-lien mortgages on single-family homes, construction loans, land acquisition loans, multi-family and commercial real estate loans, real estate-secured loans, and business loans. The issuer also invests in certain obligations of the U.S. government and agencies. The bank has 234 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas.
What sector is Washington Federal in?
Washington Federal is in the Financial Services sector
What industry is Washington Federal in?
Washington Federal is in the Banks - Regional industry
What country is Washington Federal from?
Washington Federal is headquartered in United States
When did Washington Federal go public?
Washington Federal initial public offering (IPO) was on 09 November 1982
What is Washington Federal website?
https://www.wafdbank.com
Is Washington Federal in the S&P 500?
No, Washington Federal is not included in the S&P 500 index
Is Washington Federal in the NASDAQ 100?
No, Washington Federal is not included in the NASDAQ 100 index
Is Washington Federal in the Dow Jones?
No, Washington Federal is not included in the Dow Jones index
When was Washington Federal the previous earnings report?
No data
When does Washington Federal earnings report?
The next expected earnings date for Washington Federal is 16 January 2025