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WAFD — WaFd News Story

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FinancialsBalancedMid CapNeutral

Regional bank Washington Federal's Q1 EPS rises

Overview

U.S. bank's fiscal Q1 EPS rose 46% yr/yr, driven by steady margin and lower expenses

Company repurchased 1.95 mln shares at average price of $29.75 per share

Fiscal Q1 net interest income increased to $171 mln

Outlook

Company expects stronger loan production in coming months

Result Drivers

EARNINGS GROWTH - Driven by steady net interest margin, increased non-interest income, and lower expenses

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$0.79
Q1 Net Interest Income$171 mln
Q1 Net Interest Margin2.70%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy." Wall Street's median 12-month price target for WaFd Inc is $32.25, about 2.4% below its January 14 closing price of $33.04 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw3KbnF7a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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