WaFd stock: Fiscal 2026 EPS climbs 22% as bank reports results

Published on 10/31/2026 at 01:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

WaFd stock draws investor attention after the bank reported fiscal 2026 results. Credit quality improved, while merger costs weighed on quarterly expenses.

Fiscal Results Point to Mixed Trends

Annual earnings improved, while fourth-quarter profit declined from the prior quarter.
Asset-quality measures improved after a large classified loan was resolved.
Merger-related expenses increased fourth-quarter costs as WaFd advances its EverBank transaction.

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WaFd announced its fiscal 2026 results on Thursday, October 15, for the year ended September 30, according to a Nasdaq publication. Diluted earnings per common share rose 22 percent year over year to 3.21 US dollars, while annual net income increased to 255.9 million US dollars from 226.1 million US dollars.

Annual Growth Meets Quarterly Pressure

Fourth-quarter net income was 60.0 million US dollars, down from 66.1 million US dollars in the June quarter. Net income available to common shareholders was 56.3 million US dollars, or 0.76 US dollars per diluted share.

Net interest income reached 182.4 million US dollars in the quarter, up slightly from the prior quarter. A 20.0 million US dollar provision for credit losses and 39.2 million US dollars in net charge-offs added pressure to quarterly profitability.

Credit Metrics Improve

WaFd said non-performing assets fell to 0.32 percent of total assets from 0.49 percent at the end of June. Delinquencies declined to 0.50 percent of loans from 0.75 percent, while the improvement followed the resolution of a 53 million US dollar loan relationship and a related 36 million US dollar charge-off.

Total assets stood at 27.2 billion US dollars at September 30. Customer deposits totaled 21.3 billion US dollars, and transaction deposits increased 4.6 percent during the fiscal year.

Merger Costs Shape The Outlook

Non-interest expenses rose by 11.2 million US dollars from the prior quarter, including 6.2 million US dollars in merger-related costs. WaFd announced its EverBank merger in September, making integration execution and regulatory progress relevant factors for the bank's next reporting periods.

WaFd Bank is headquartered in Seattle, Washington, and operates 210 branches across nine western states. The company is the parent of WaFd Bank and is listed on Nasdaq under the symbol WAFD.