Wafd, Inc. · NASDAQ:WAFD
Wafd — Washington Federal — Shareholder Meeting (January 2022)
27 slides from Wafd's shareholder meeting presentation, Jan 26, 2022
Slide 1: Annual Shareholder Meeting January 25, 2022
Annual Shareholder Meeting January 25, 2022
Slide 2: Executive Management Committee
Executive Management Committee 2
Slide 3: Board of Directors
Board of Directors Brent Stephen Beardall Graham Linda David Brower Grant Sean Randy Singleton Talbot , 8 WaFd Bank
Slide 4: 2022 Annual Meeting Business
4 The annual report and proxy are at www.wafdbank.com or request a physical copy by emailing info@wafd.com . Anyone who wishes to revoke their proxy or who hasn’t voted must click on the “Vote Now” screen during this meeting prior to closing of the polls. Have your 16-digit control number handy. If
Slide 5: 2022 Annual Meeting Business: Proposals
5 1. To elect four directors: three directors for a three-year term ending in 2025, and one director for a two-year term ending in 2024, or until their successors are elected and qualified; 2. To approve, by a non-binding advisory vote, the compensation of the Named Executive Officers of the Company
Slide 6: Highlights for Fiscal 2021
6 Highlights for Fiscal 2021 Record loan production of over $8 billion Eight Consecutive Years of Net Recoveries Total deposits of $15.5 billion Earnings per share growth of 6% Total shareholder return of 68% for fiscal year
Slide 7: Asset Mix
Asset Mix As of September 30, 2011 As of September 30, 2021 Cash & Investments 32% $ 13.4 Billion $ 19.6 Billion _ 8 WaFd Bank
Slide 8: Loan Originations ($ in millions)
8 Loan Originations ($ in millions)
Slide 9: Loan Repayments ($ in millions)
9 Loan Repayments ($ in millions)
Slide 10: Net Loans Outstanding ($ in millions)
10 Net Loans Outstanding ($ in millions)
Slide 11: Net Loan Charge-Offs (Recoveries)
11 Net Loan Charge-Offs (Recoveries) ($ in millions) Cumulative net charge-offs from 1982 through 2008: $72 million Net charge-offs in 2009: $111 million Net charge-offs in 2010: $184 million Net charge-offs in 2011: $98 million Net charge-offs in 2012: $82 million Net charge-offs in 2013: $18 milli
Slide 12: Total Deposits ($ in millions)
12 Total Deposits ($ in millions)
Slide 13: Deposits Mix
13 Deposits Mix Interest Checking, 23% Non Interest Checking, 20% Savings 7% Time Deposits 22% Money Market 28% As of September 30, 2021 Interest Checking 6% Non Interest Checking 3% Savings 3% Time Deposits 69% Money Market 19% As of September 30, 2011
Slide 14: Client Service Matters: Net Promoter Score
(12) (10) (5) (5) 2 3 (1) 48 75 Client Service Matters Net Promoter Score Reflects Customer Sentiment 14 Our investments in customer service, usability and technology are translating into high customer satisfaction levels Source: Customer Guru WaFdaa Net Promoter Score 1 17 34 48 51 48 2017 2018 201
Slide 15: Funding Mix
Funding Mix As of September 30, 2011 Deposits, 75% 8 WaFd Bank Other Liablilities 19% As of September 30, 2021 Deposits, 89% Other Liablilities 196 15
Slide 16: Capital Ratios
16 Capital Ratios WaFd Bank does not seek to maximize leverage. Rather, we aspire to be a bank that can weather the storm that will inevitably come. Consistency, in good times and bad, is a differentiator.
Slide 17: Total Capital Returned ($ in thousands)
17 Total Capital Returned ($ in thousands)
Slide 18: Impact of February 2021 Preferred Stock Issuance
18 Impact of February 2021 Preferred Stock Issuance
Slide 19: Net Interest Income and Rate Spread
19 Net Interest Income and Rate Spread $505 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% $0 $100 $200 $300 $400 $500 $600 Net Interest Income - $ in millions
Slide 20: Operating Expenses ($ in millions)
20 Operating Expenses ($ in millions)
Slide 21: Earnings Per Common Share
21 Earnings Per Common Share ($ in dollars) $0.46 $2.61 $2.39 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50
Slide 22: Stock Price and Book Value per Share
22 Stock Price and Book Value per Share
Slide 23: Subsequent Events
23 Subsequent Events December 17, 2021, Termination of BSA Consent Order from 2018 January 3, 2022, Application to become a Washington State chartered bank, with the FDIC as our primary federal regulator.
Slide 24: What can be expected in 2022?
24 What can be expected in 2022? Continued high quality organic growth Build on our momentum ……. “culture of regulatory compliance” Do the little things the big banks are not to serve clients Launch of WaFd developed Online Banking and MX for mobile Built software to originate and manage c
Slide 25: Thank you to our clients and bankers
25 Thank you to both our clients and the 2,100 bankers that made these results possible We believe our future is as bright today as it has ever been.
Slide 26: Q&A
Q&A Please type your questions in the chat window.
Slide 27: WaFd Bank
WaFdBank Thank you. Enjoy Forbes (2021 2 BANKS IN BESTBANS
Washington Federal — Shareholder Meeting (January 2022) on 6ix