Wafd, Inc. · NASDAQ:WAFD
Wafd — Shareholder Meeting (February 2024)
21 slides from Wafd's shareholder meeting presentation, Feb 14, 2024
Slide 1: Annual Shareholder Meeting February 13, 2024
Annual Shareholder Meeting February 13, 2024
Slide 2: Executive Management Committee
Executive Management Committee 2 Kelli Holz Executive Vice President Chief Financial Officer Brent Beardall President and Chief Executive Officer Ryan Mauer Executive Vice President Chief Credit Officer Cathy Cooper Executive Vice President Chief Consumer Banker Kim Robison Executive Vice President
Slide 3: Board of Directors
Board of Directors Brent Beardall Stephen M. Graham David Grant Mark N. Tabbutt Randy H. Talbot Steve Singh Linda Brower Sylvia Hampel Sean Singleton Shawn Bice 3
Slide 4: 2024 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: 2024 Annual Meeting Business: Proposals
5 1. To elect three directors for a three-year term ending in 2027, 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; 3. To ratify the appointment of Deloitte & Touche LLP as the Compan
Slide 6: Highlights for Fiscal 2023
Highlights for Fiscal 2023 Record annual earnings to common shareholders of $257 million - 9.7% EPS growth Total deposits of $16.1 billion Insured or collateralized Deposits of 74% 10% Growth in tangible book value per share Net Promoter Score – all time high of 57 6
Slide 7: Banking Turmoil of Spring 2023
Banking Turmoil of Spring 2023 2nd and 3rd Largest Failures in US banking History Questions about deposit insurance Questions about asset quality, specifically office exposure Segmentation of banks WaFd Response Listen to our clients and respond accordingly Actions and results speak louder
Slide 8: Net Loans Outstanding
Net Loans Outstanding $ in millions 8
Slide 9: Non-Performing Assets Near Record Lows
Non-Performing Assets Near Record Lows Delinquent Loans $63 million or 0.36% of Net Loans as of 9/30/2023Non-Performing Assets to Total Assets and ACL to Total Loans 1 9
Slide 10: Total Deposits
Total Deposits $ in millions 10
Slide 11: Net Promoter Score Approaching Best in Class
Net Promoter Score Approaching Best in Class 11 Our investments in customer service, usability and technology continue to translate into high customer satisfaction levels 11
Slide 12: Capital Ratios
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. 12
Slide 13: Net Interest Income and Rate Spread
Net Interest Income and Rate Spread Net Interest Income - $ in millions 13
Slide 14: Earnings Per Common Share
Earnings Per Common Share re 28 WaFdBank
Slide 15: Stock Price and Book Value per Share
Stock Price and Book Value per Share 15
Slide 16: Subsequent Events
Subsequent Events WA ie, * Li uther Burbank Q8WaFdBank + 7 Luther é OR Tuesday, January 30, 2024 Pe FOR IMMEDIATE RELEASE NV WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation ur AZ NM ™ wa Ls We ‘6
Slide 17: What To Expect in 2024?
What To Expect in 2024? Challenging interest rate environment Focus on deposits growth and on small business banking Foundational Credit quality Intentionally tempering loan growth Create raving fans - client experience Integration of Luther Burbank and growth in California Learning from 2
Slide 18: Thank you to our clients and bankers
Thank you to our clients and the 2,100 bankers that made these results possible. Earning your trust is foundational to our success. We believe our future is as bright today as it has ever been. 18
Slide 19: Preliminary Results of Shareholder Voting
Preliminary Results of Shareholder Voting: 1. To elect three directors for a three-year term ending in 2027, 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; 3. To ratify the appointme
Slide 20: Q&A
Q&A Please type your questions in the chat window.
Slide 21: Thank you. Enjoy 2024.
WaFd Bank Thank you. Enjoy 2024. PY etal) Oe >* sonmicn AS | sions Forbes [2022 SES , S | BES!) BEST |3ES AMERICA'S ngs S Bs ae EMPLOYERS WY