Welcome to our dedicated page for Washington Fed news (Ticker: WAFD), a resource for investors and traders seeking the latest updates and insights on Washington Fed stock.
Washington Federal (WAFD) delivers essential financial services through its network of branches across nine Western states, maintaining a century-long commitment to community-focused banking. This news hub provides investors and stakeholders with authoritative updates on the institution's strategic developments.
Access real-time press releases covering earnings reports, leadership changes, and regulatory filings alongside analysis of commercial lending trends and deposit service innovations. Our curated collection enables efficient tracking of dividend announcements, merger activity, and risk management practices central to WAFD's disciplined operations.
Key updates include quarterly financial disclosures, real estate financing initiatives, and insurance brokerage expansions. Bookmark this page for direct access to primary source materials from one of the West's most stable regional banking institutions, eliminating the need to monitor multiple news channels.
Washington Federal, Inc. (WAFD) reported a robust quarterly earnings increase of 33.6%, totaling $65.93 million for the quarter ending March 31, 2023, compared to $49.36 million a year prior. Net income per diluted share rose to $0.95, a 35.7% increase year-over-year. The company achieved a return on common equity of 12.0% and improved its return on assets to 1.2%. Despite facing challenges from bank failures in March 2023, WaFd Bank recorded net deposit inflows of $25 million during the month and maintained a solid capital position with only 27% of deposits uninsured. However, the bank's net interest margin declined to 3.51% from 3.69%, and it experienced its first quarterly net charge-off in nearly a decade. Overall, total assets increased to $22.3 billion driven by a 7.2% rise in net loans.
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