WaFd Fiscal 2024 Net Income Falls to $200 Million, or $2.50 Per Diluted Share
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 October 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.