News about WAFD

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.

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.