Washington Federal Q3 EPS beats expectations on improved margins

WaFd

17/07/2025 22:12

Overview

Washington Federal fiscal Q3 EPS of $0.73 beats analyst expectations, per LSEG data

Net interest income rises to $168 mln, driven by improved margins

Co repurchased 1.66 mln shares during quarter

Outlook

Company notes tepid loan demand amid economic uncertainty

Washington Federal anticipates continued cautious borrower behavior

Result Drivers

IMPROVED MARGINS - Strong core earnings driven by improved net interest margin

COST REDUCTION - Decreased cost of funds due to lower deposit rates and reduced borrowings

SHARE REPURCHASE - Aggressive share repurchase contributed to EPS increase and tangible book value growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
Beat
$0.73
$0.68 (4 Analysts)
Q3 Net Interest Income
$168 mln
Q3 Net Interest Margin
2.7%


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 $29.50, about 0.2% above its July 16 closing price of $29.45

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

Press Release: ID:nBw6PDPyca

(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.)