Investor Presentation As of 6/30/2026

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of WaFd's management and are subject to significant risks and uncertainties. The forward-looking statements in this presentation speak only as of the date of the presentation, and WaFd assumes no duty, and does not undertake, to update them. Actual results or future events could differ, possibly materially, from those that we anticipated in these forward-looking statements. 1

Overview of WaFd Bank

Overview Geographic Overview

• Established in 1917; IPO in 1982

• Washington State Charter Commercial Bank - WA DFI, FDIC, FRB, CFPB Regulated

• Headquartered in Seattle, WA; is the second largest bank headquartered in the Pacific Northwest

• 210 branches across 9 western states

• Full-service consumer & commercial bank

• Strong capital, high asset quality, consistent results

• Profitable every year since 1965

• Interest rate risk management - well controlled

• 173rd consecutive quarterly cash dividends

• 39,081% Total shareholder return since IPO

Company Highlights1

Total Assets

$27.6B

Total Loans HFI

$20.0B

Total Investments

$5.0B

Total Deposits

$20.9B

Stockholder Equity

$3.0B

ACL

$233.8M

1 As of or for the quarter-ended June 30, 2026

WaFd Bank Executive Management Committee

Brent Beardall

President and Chief Executive Officer

Kelli Holz

EVP Chief Financial Officer

Cathy Cooper

EVP Chief Experience Officer

Kim Robison

EVP Chief Operating Officer

Ryan Mauer

EVP Chief Credit Officer

WaFd Bank Demographics

Company

Deposit Percent of

Total

Projected Population Population

Median HH

Projected HH Income

Our markets are among the most desirable in the US and create a foundation for loan growth without excessive risk

Branch count and WaFd deposit balances are as of June 30, 2026. Deposit market share and percent of national franchise are from the FDIC's Summary of Deposit reports and are as of September 30, 2025. All other data is updated as new data becomes available.

Evolution of Our Franchise

15 years of investment in our evolution to a commercial bank

Build 2030

Consumer deposits and home loans

Relationship deposits and diversified lending

Leverage data to anticipate financial needs and empower clients

Serving Businesses Concierge level service for all clients -serving

businesses wholistically alongside consumers, both in-person and digitally

5

5

Build 2030 - Plan Proforma

Business Banking, Corporate Banking and Commercial Real Estate Banking Segments have two primary objectives as a trusted advisor:

1. Deliver phenomenal, concierge-level customer service to all our clients - "everyone and every business deserves a WaFd banker".

2. Grow the business by delivering credit and treasury solutions that allow our clients to prosper.

Deposits:

Shift 20% of interest-bearing to non-interest bearing through small business focus

Loans:

Redeploy $8 billion SFR portfolio to

≥6% commercial loans

The above represents a static projection and assumes no changes other than the effect of the shifts and redeployment described and are not intended to represent a financial projection.

6

6

Net Promoter Score Approaching World Class

Our investments in customer service, usability and technology are translating into high customer satisfaction levels

58

3 5

15 18

8

Source: CustomerGauge.com and Comparably.com

1 2025 Financial Services Banking Benchmarks

A Score of 70 or higher is considered world class. A Score of 50 or higher is considered excellent. A score of 30 or higher is considered very good. A score of 0-30 is considered good

Commitment to Community

We believe our enduring franchise comes from core principles focused on helping the neighborhoods we serve.

Community Development

Over $390 million dollars invested towards community development lending including affordable housing investments

Volunteerism

WaFd employees participated in 14,649 volunteer hours in support of 1,136 community organizations and initiatives

Washington Federal Foundation The Washington Federal Foundation

awarded 206 grants to local community organizations totaling over $1.0 million for fiscal 2025

United Way Matching Campaign

WaFd matches employee contributions made to United Way agencies in all nine states. In FY 2025 pledges from colleagues were $375,525. WaFd matched $375,495 and $750,000 matched by FHLB for a total of $1,501,020

Our Corporate Social and Environmental Responsibility Policy flows from WaFd Bank's core principles, which are:

Resolve to create long-term value for all stakeholders

5

To provide commonsense banking that helps neighborhoods flourish

1

Adhere to the

2 primary corporate

4 value of integrity

Maintain transparency in its business practices

3

Exercise prudent risk management

Financial Highlights

$60.6 M

$64.2 M

$65.6 M $66.1 M

$0.72

$0.84

$0.82

$0.79

Earnings

Q4 25 Q1 26 Q2 26 Q3 26

Return on Average Tangible Common Equity

11.04%

Equity per Share

$35.04

$35.70

$36.30 $36.81

$29.38 $29.91 $30.27 $30.82

Q4 25 Q1 26 Q2 26 Q3 26

Common Equity Per Share

Tangible Common Equity Per Share

Efficiency Ratio

56.82%

Equity to Assets

11.35%

11.36%

11.38%

11.10%

10.81%

10.95%

11.77% 11.69%

9.89%

9.64%

9.35%

9.50%

Q4 25 Q1 26 Q2 26 Q3 26

Equity to Assets TCE to TA CET 1

Credit Quality as a % of Net Loans

55.66%

55.25%

53.69%

3.16% 2.94% 2.60% 2.59%

1.07% 0.78%

10.82%

10.57%

9.99%

0.60%

0.75%

Q4 25 Q1 26 Q2 26 Q3 26

Q4 25 Q1 26 Q2 26 Q3 26

Adversely Classified Delinquencies

Non-Accruals

Loan and Deposit Balances by Geographical Area

As of June 30, 2026, $ In Millions

Loan Balances by State Deposit Balances by State