WaFd, Inc Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
October 17, 2023 at 05:00 pm EDT
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WaFd Inc. reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported net interest income was USD 163.7 million compared to USD 173.62 million a year ago. Net income was USD 50.21 million compared to USD 73.4 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 1.07 a year ago.
For the full year, net interest income was USD 690.23 million compared to USD 594.59 million a year ago. Net income was USD 257.43 million compared to USD 236.33 million a year ago. Basic earnings per share from continuing operations was USD 3.72 compared to USD 3.4 a year ago. Diluted earnings per share from continuing operations was USD 3.72 compared to USD 3.39 a year ago.
WaFd, Inc. is a bank holding company that conducts its primary business through its subsidiary, Washington Federal Bank. Washington Federal Bank, a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the Bank), is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. The Bank's business consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. The Bank invests in certain United States government and agency obligations and other investments. The Bank has approximately 198 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas.
WAFD, INC 
