Every material Form 8-K WaFd has filed with the SEC since June 21, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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
WaFd, Inc. appointed Erin Hill as a director effective March 2, 2026, filling a vacancy left when David K. Grant's term expired at the 2026 Annual Meeting. She also joins the Audit Committee and the board of subsidiary WaFd Bank, and the board has determined she is independent under Nasdaq rules. The filing describes a board addition without financial results or changes to company operations.
Erin Hill appointed to the Board effective March 2, 2026, filling the vacancy created by David K. Grant's term expiring at the 2026 Annual Meeting
Hill will serve in the class of directors with terms expiring in 2027 and has been appointed to the Audit Committee
Hill previously served as Chief Administrative Officer at BNY Mellon and Head of Consumer Banking and Wealth Management at JP Morgan Chase & Co.
Hill receives director compensation on the same basis as other non-employee directors, as described in the 2026 proxy statement
At its February 3, 2026 annual meeting, WaFd shareholders elected four directors to three-year terms and approved the advisory vote on executive compensation and the ratification of Deloitte & Touche, LLP as auditor for fiscal 2026. Director Steven Singh also notified the company that he will resign from the board effective May 13, 2026, for personal reasons, and director David Grant retired after the meeting, with Bradley Shuster named Audit Committee chair.
Four directors elected for three-year terms, with Stephen M. Graham receiving 56,759,261 votes for and Randall H. Talbot receiving 49,773,954 votes for
Executive compensation advisory vote passed with 56,263,771 votes for and 2,300,778 against
Director Steven Singh resigns from the board effective May 13, 2026; he had served since 2018 and sat on the Technology Committee
Bradley Shuster succeeds David Grant as Audit Committee chair
WaFd, Inc. reported net income of $64.2 million, or $0.79 per diluted common share, for the quarter ended December 31, 2025, up from $0.72 in the prior quarter and $0.54 a year earlier. Non-performing assets and delinquencies also rose, and the company recorded a $3.5 million provision for credit losses, so shareholders face higher credit-quality risk alongside the earnings gain.
Net income of $64.2 million, up 6% from $60.6 million in the prior quarter and 36% from $47.3 million a year earlier
Diluted EPS of $0.79, compared with $0.72 in the prior quarter and $0.54 a year earlier
Non-performing assets rose to $203 million, or 0.75% of total assets, from $143 million, or 0.54%, at September 30, 2025
Company repurchased 1,950,013 shares at a weighted average price of $29.75 during the quarter
WaFd reported fourth-quarter fiscal 2025 net income of $60.6 million, or $0.72 per diluted share, down from $0.73 in the prior quarter. For the full fiscal year, net income rose 13% to $226.1 million, or $2.63 per diluted share, compared with $2.50 in fiscal 2024. Non-performing assets rose sharply in the quarter, which investors will want to track.
Q4 net income $60.6 million and diluted EPS $0.72, versus $60.6 million... prior quarter diluted EPS of $0.73
Fiscal 2025 net income $226.1 million, up 13%; diluted EPS $2.63 versus $2.50 in fiscal 2024
Non-performing assets rose to $143 million (0.54% of total assets) from $97 million at June 30, 2025
Net interest margin 2.71% versus 2.69% in the prior quarter; efficiency ratio rose to 56.82% from 56.01%
WaFd reported net income of $61.952 million and diluted earnings of $0.73 per share for the quarter ended June 30, 2025, up from $56.252 million and $0.65 in the March quarter. Compared with the June 30, 2024 quarter, net income fell 4% and EPS fell 3%, from $0.75. Shareholders benefit from the sequential gain in earnings, net interest margin and share repurchases, but non-performing assets rose.
Net interest income was $168 million, up $7.1 million or 4% from the prior quarter, and net interest margin rose to 2.69% from 2.55%.
The efficiency ratio improved to 56.0% from 58.3% in the prior quarter.
The company repurchased 1,662,508 shares at a weighted average price of $29.08 per share during the quarter.
Non-performing assets rose to $97 million, or 0.36% of total assets, from 0.26% in the prior quarter.
WaFd, Inc. reported net income of $56.3 million for the quarter ended March 31, 2025, up 19% from the prior quarter and up from $15.9 million a year earlier. Diluted earnings per share were $0.65, compared with $0.54 in the December 2024 quarter and $0.17 in the March 2024 quarter. The results reflect a higher net interest margin and lower non-interest expense, which fell 5.8% after the prior quarter's $5.4 million in restructuring costs, and the filing shows the company repurchased 726,082 shares during the quarter.
Net income of $56.3 million, up from $47.3 million in the December 31, 2024 quarter and $15.9 million in the March 31, 2024 quarter
Diluted earnings per share of $0.65, versus $0.54 in the prior quarter and $0.17 a year earlier
Net interest margin of 2.55%, up from 2.39% in the prior quarter; efficiency ratio improved to 58.31% from 65.04%
Repurchased 726,082 shares at a weighted average price of $29.39; cash dividend of $0.27 per share paid March 7, 2025
WaFd shareholders approved the 2025 Stock Incentive Plan at the February 11, 2025 Annual Meeting, replacing the 2020 Incentive Stock Plan, which expired January 22, 2025. The plan reserves 3,250,000 shares of common stock for stock options, restricted stock, restricted stock units, performance awards and other stock-based awards, and it will expire February 11, 2030. Shareholders also elected five directors, approved a non-binding advisory vote on executive compensation, and ratified Deloitte & Touche, LLP as auditor for fiscal 2025.
3,250,000 shares of common stock reserved under the 2025 Plan, subject to adjustment provisions
2025 Plan approval vote: 67,031,380 for, 3,540,529 against, 101,363 abstained
Plan replaces the 2020 Incentive Stock Plan, which expired January 22, 2025; the 2025 Plan expires February 11, 2030
Deloitte & Touche, LLP ratified as independent registered public accountants for fiscal 2025 with 74,122,496 votes for
WaFd reported diluted earnings of $0.54 per share for the quarter ended December 31, 2024, down from $0.71 in the prior quarter and $0.85 a year earlier. The company said it will stop originating single-family mortgages and home equity lines of credit, recording $5.4 million in restructuring charges and expecting an 8% workforce reduction, which it estimates will save about $17 million in annual expenses by the end of June 2025.
Diluted EPS was $0.54 versus $0.71 for the prior quarter and $0.85 a year earlier; net income was $47.3 million, down 23% from the prior quarter.
Net interest income fell 10% to $155 million, and net interest margin dropped to 2.39% from 2.62%.
The company recorded $5.4 million in restructuring charges and expects annual expense savings of about $17 million by the end of June 2025.
Executive Vice President James Endrizzi moved to a Senior Vice President role effective January 16, 2025, and forfeits unvested awards of 37,841 restricted and performance shares.
WaFd, Inc. reported fiscal 2024 net income of $200 million, or $2.50 per diluted share, down from $257 million, or $3.72, in fiscal 2023. The results include $26.3 million of acquisition-related expenses and the February 29, 2024 Luther Burbank Corporation acquisition, which the company says makes year-over-year comparisons not directly comparable. For shareholders, the headline earnings measures declined for the year, and the company's non-GAAP adjusted EPS of $3.02 excludes those costs.
Fiscal 2024 net income was $200 million, or $2.50 per diluted share, versus $257 million, or $3.72, in fiscal 2023.
Fourth-quarter net income was $61.1 million, or $0.71 per diluted share, versus $50.2 million, or $0.72, a year earlier.
Acquisition-related expenses were $26.3 million; non-GAAP adjusted EPS for the year was $3.02.
Net interest income was $660.8 million, down 4.3% from the prior year, and total assets were $28.1 billion as of September 30, 2024.
WaFd reported net income of $64.6 million for the quarter ended June 30, 2024, up 5% from $61.8 million a year earlier, and up sharply from $15.9 million in the March 2024 quarter. Diluted earnings per share were $0.75, down from $0.89 a year earlier but up from $0.17 in the prior quarter, the first full quarter after the Luther Burbank acquisition.
Net income was $64.56 million versus $61.78 million for the June 30, 2023 quarter, and $15.89 million for the March 31, 2024 quarter.
Diluted EPS was $0.75, compared with $0.89 a year earlier and $0.17 in the March 2024 quarter.
Net interest margin fell to 2.56% from 3.27% a year earlier; net interest income rose 5.0% to $177 million.
Acquisition-related costs were $2.3 million for the quarter, and the company reported non-performing assets of $69 million.
WaFd Bank, a subsidiary of WaFd, Inc., closed its previously announced sale of about 1,800 commercial multifamily real estate loans to Bank of America on June 21, 2024, for an aggregate purchase price of $2.6 billion. The price equals 91.96% of the $2.8 billion unpaid principal balance, and the company says the sale was executed at no loss and provides immediate liquidity for shareholders to weigh.
Purchase price of $2.6 billion, or 91.96% of the $2.8 billion unpaid principal balance of about 1,800 loans
Loans originated through the Luther Burbank Savings acquisition by WaFd Bank in March 2024; the sale was not a condition of that merger
Bank of America is reselling the loans to funds managed by Pacific Investment Management Company LLC (PIMCO), according to the press release
Management said the proceeds give the bank options to pay down debt, originate new loans, buy back stock, or a combination of these
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