Stock Data
$1.30 (3.31%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
WaFd Inc, originally known as Washington Federal, is a comprehensive banking institution based in Seattle, Washington, with a history dating back to 1917. This bank offers a wide range of services including personal and business checking accounts, savings products, and various loan options like home equity, commercial real estate, and business loans. Beyond traditional banking, WaFd also provides insurance brokerage services and has a hand in real estate. It caters to individuals, businesses, and real estate developers, emphasizing its role in the community as a trusted financial partner.
WaFd cleared both top and bottom line estimates as active loan portfolios grew 10.4% annualized and the bank squeezed its efficiency ratio to 53.7%, signaling disciplined expense management. CEO Brent Beardall flagged 15% year-over-year EPS growth and a 11% return on tangible common equity, while the stock is up 19% since March.
Washington Federal reports after the close with the regional banking sector watching for signals on deposit flows and where loan demand heads if rates start falling.
0 Articles
No articles found for Washington Federal.
Our top personal finance-related articles today. Your wallet will thank you later.
