WaFd (WAFD) reported net income of $241.2 million for the fiscal year ended September 30, 2026, its second-highest annual result, and Q4 EPS of $0.76 versus $0.72 a year earlier. In the quarter, the company sold $543 million of single-family residential loans and reclassified $429 million of multifamily loans as held for sale, replacing lower-yielding assets with higher-yielding originations, and expects a net gain of about $7 million on the multifamily sale in the first quarter of fiscal 2027. Q4 merger expenses of $6.2 million related to the pending acquisition of EverBank, which is targeted to close in the first calendar quarter of 2027. Net interest margin held at 2.81%, and non-performing assets fell to $86 million (0.32% of total assets) from $136 million. Management flagged risks from inflation, energy supply shocks tied to the Middle East war, tariffs, and a highly competitive deposit market.
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WaFd reported net income of $241.2 million for the fiscal year ended September 30, 2026, its second-highest annual result. In the fourth quarter it sold $543 million of single-family loans and reclassified $429 million of multifamily loans as held for sale, with non-interest income of $38.1 million including a $16.4 million gain on the single-family sale. Net interest margin was 2.81% and the CET1 ratio stood at 11.4%, while deposits rose $389 million. Non-performing assets fell to $86 million, or 0.32% of total assets. Management expects the EverBank merger to close in the first calendar quarter of 2027, pending regulatory and shareholder approvals.
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- ICICI Bank (IBN) Q2 2027 Earnings Call Transcript
ICICI Bank reported Q2 profit before tax of INR 199.5 billion, up 23.4% year over year excluding treasury results. The bank mobilised USD 18 billion in FCNR(B) deposits under a one-off regulatory opportunity, lifting total deposits 27.1% year over year, but its net interest margin fell to 4.18% from 4.36% in the previous quarter as overseas assets grew. Loans rose 30% year over year, with domestic corporate lending up 30.6% and retail and rural lending up 14.8%. The net NPA ratio improved to 0.30% from 0.35% a quarter earlier, and consolidated profit after tax reached INR 163.3 billion, up 22.3%. Management expects the full margin impact to show in the third quarter, before a recovery in the fourth.
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- Independent Bank ( INDB ) Q3 2026 Earnings Call Transcript
Independent Bank Corp. (INDB) reported record Q3 2026 net income of $89.7 million, with diluted earnings per share up 12% from the prior quarter and a net interest margin of 3.89%. Loans grew by $158 million, led by C&I and commercial real estate, while non-time deposits rose $230 million. The company repurchased $57.4 million of stock and booked a $6.5 million provision for loan losses, mainly for one office loan that moved to non-performing status. The core system conversion was postponed from October 2026 to February 2027, and starting November 2026 the company is consolidating its headquarters into Rockland, Massachusetts, involving nearly 400 employees.
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