WaFd Net Income Rises 5% to $64.6 Million; EPS of $0.75 Falls From $0.89
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.