Business
WaFd Announces Fourth Quarter and Fiscal 2025 Results
SEATTLE--(BUSINESS WIRE)-- WaFd, Inc. (Nasdaq: WAFD): Fiscal Year Highlights $226 Million $2.63 0.84% 9.20% Net Income Diluted Earnings per Common Share
About this update from Wafd, Inc.
[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nWaFd, Inc. (Nasdaq: WAFD):\n\n\n\n\nFiscal Year Highlights\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n$226 Million\n\n\n\n\n\n\n \n\n\n\n\n\n\n$2.63\n\n\n\n\n\n\n \n\n\n\n\n\n\n0.84%\n\n\n\n\n\n\n \n\n\n\n\n\n\n9.20%\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n \n\n\n\n\n\n\nDiluted Earnings per Common Share\n\n\n\n\n\n\n \n\n\n\n\n\n\nReturn on Average Assets\n\n\n\n\n\n\n \n\n\n\n\n\n\nReturn on Tangible Common Equity (1)\n\n\n\n\n\n\n\n\n\nFourth Quarter Highlights\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n$61 Million\n\n\n\n\n\n\n \n\n\n\n\n\n\n$0.72\n\n\n\n\n\n\n \n\n\n\n\n\n\n0.91%\n\n\n\n\n\n\n \n\n\n\n\n\n\n9.99%\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n \n\n\n\n\n\n\nDiluted Earnings per Common Share\n\n\n\n\n\n\n \n\n\n\n\n\n\nReturn on Average Assets\n\n\n\n\n\n\n \n\n\n\n\n\n\nReturn on Tangible Common Equity (1)\n\n\n\n\n\n\n\n\n\n\"We finished Fiscal 2025 trending in the right direction with an improving margin, a significant increase in loan originations and an improving deposit mix. The margin increased to 2.71% from 2.69% in the 3rd quarter and 2.62% in the same quarter one year ago, driven by decreasing cost of deposits and borrowings. Importantly, we experienced a 103% increase in new loan originations over the 3rd quarter, signaling that our clients are now starting to come off of the sidelines. Our loan pipeline has now been building in each of the last three quarters, a promising sign for growth over the next year. It would be hard to overstate the magnitude of the shift in our business model undertaken in 2025, moving from mortgage lending to providing solutions for businesses. While this is a long-term shift we are very pleased with the early results, specifically the changing mix of our deposits with checking accounts going from 33% of deposits up to 35% of deposits over the year. We are convinced that focusing on businesses will increase the relevancy of our branches and improve long-term shareholder returns.\" \n\n\n\n\n\n\n\n \n\n\nBrent BeardallPresident and CEO of WaFd Bank\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Interest Income and NIM\n\n\n\n\n\n\n\n$169.9 million net interest income for the quarter compared to $168.0 million in Q3.\n\n\n\n\n\nNet interest margin at 2.71% for the quarter compared to 2.69% for Q3.\n\n\n\n\n\n\n \n\n\n...