WaFd Q2 EPS rises to $0.65 from $0.54 as net income climbs 19% sequentially
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.
Key points
- 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
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 April 15, 2025.
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.