Every material Form 8-K WaFd filed with the SEC in 2025, 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WaFd filing is on SEC EDGAR ↗. 8-K briefs of other companies →