Oct 16, 4:34 PM ET
WaFd reported fiscal 2026 net income of $255.9 million, up 13% from the prior year, with diluted earnings per share up 22% to $3.21. Fourth-quarter results were weaker than the prior quarter, with net income of $60.0 million, down 9%, as merger costs and a $36 million charge-off weighed on earnings, though asset quality measures improved.
- Fiscal 2026 net income was $255.9 million versus $226.1 million in fiscal 2025; diluted EPS was $3.21 versus $2.63.
- Fourth-quarter diluted EPS was $0.76, down from $0.84 in the June 2026 quarter and up from $0.72 a year earlier.
- Non-performing assets fell to $86 million, or 0.32% of total assets, from $136 million, or 0.49%, at June 30, 2026, after a $53 million loan relationship was resolved with a $36 million charge-off.
- Fourth-quarter non-interest expense included $6 million in merger-related costs tied to the EverBank merger announced September 7, 2026.
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Sep 8, 6:05 AM ET
On September 6, 2026, WaFd entered a merger agreement under which EverBank Financial Corp will merge into WaFd, with WaFd surviving and renamed EverBank Financial Corp. EverBank shareholders would receive WaFd shares, leaving EverBank holders with about 59.175% of the combined company and WaFd holders with about 40.825%, and the deal requires WaFd shareholder and regulatory approvals. WaFd expects approximately 29% EPS accretion in 2027, but its current shareholders would own a smaller share of the company.
- Merger agreement dated September 6, 2026; EverBank shareholders approved it by written consent.
- About 107.7 million WaFd shares estimated to be issued at closing; ownership split is fixed at 59.175% EverBank holders and 40.825% WaFd holders.
- WaFd would pay a $101,060,629 cash termination fee in certain circumstances; either party may terminate if the merger is not completed by September 6, 2027.
- Greg Seibly to serve as CEO and Brent Beardall as president; Robert Radway to be chairman; 13-member board. Closing expected in early 2027.
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Jul 17, 1:03 PM ET
WaFd, Inc. reported net income of $66 million, or $0.84 per diluted share, for the quarter ended June 30, 2026, up from $0.82 in the March quarter and $0.73 a year earlier. Net interest income rose to $181 million, and the company said its efficiency ratio fell to 53.69% from 55.66%, partly helped by a $3.2 million gain on the sale of a branch property. Shareholders also received a $0.27 quarterly dividend and the company repurchased 4.7 million shares in the first two quarters of fiscal 2026, per the CEO's statement.
- Net income was $66.1 million for the quarter, up 1% from $65.5 million in the March 2026 quarter and up 7% from $62.0 million a year earlier.
- Diluted EPS was $0.84, up 15% year over year from $0.73 and up from $0.82 in the prior quarter.
- Net interest income was $181 million, compared with $178 million in the prior quarter; net interest margin was 2.81%, unchanged.
- Provision for credit losses rose to $11.0 million from $4.0 million in the prior quarter, and non-performing assets were 0.49% of total assets.
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Apr 17, 12:04 PM ET
WaFd, Inc. reported net income of $65.5 million, or $0.82 per diluted share, for the quarter ended March 31, 2026, up from $0.79 per diluted share in the December 2025 quarter and $0.65 a year earlier. Net interest income rose to $178 million and net interest margin widened to 2.81%, while the company repurchased 2,738,096 shares at a weighted average price of $31.85.
- Net income of $65.5 million, up 2% from $64.2 million in the prior quarter and up 17% from $56.3 million a year earlier
- Diluted EPS of $0.82, compared with $0.79 in the prior quarter and $0.65 in the year-earlier quarter
- Net interest income of $178 million and net interest margin of 2.81%, compared with $171 million and 2.70% in the prior quarter
- Non-performing assets fell to 0.48% of total assets from 0.75% in the prior quarter; non-interest expense rose $4.1 million to $109.9 million
Read the filing on SEC.gov ↗
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