WaFd Q2 diluted EPS jumps

WaFd

16/04/2026 22:16

Overview

US regional bank's fiscal Q2 diluted EPS rose 26% yr/yr to $0.82

Net interest income grew 4% from prior quarter, margin improved to 2.81%

Company repurchased 3.6% of total outstanding shares during the quarter

Outlook

Company cites ongoing uncertainty in banking sector and global environment impacting outlook

Washington Federal sees a bright future despite current uncertainties, citing loan growth and asset quality

Result Drivers

NET INTEREST MARGIN - Higher rates on interest-earning assets and lower rates on interest-bearing liabilities drove a wider margin and increased net interest income q-o-q

CREDIT QUALITY - Non-performing assets and delinquencies declined, reflecting improved asset quality metrics

LOAN GROWTH - Active loan segments grew 12% annualized, led by commercial originations

Company press release: ID:nBw1Rh9lKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.82
Q2 Net Interest Income
$178 mln
Q2 Net Interest Margin
2.81%


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 $34.00, about 4.7% above its April 15 closing price of $32.48

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)