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 (NASDAQ: WAFD) has signed a definitive merger agreement to acquire Luther Burbank Corporation (NASDAQ: LBC) in an all-stock transaction valued at approximately
Washington Federal, Inc. (Nasdaq: WAFD) has announced a quarterly cash dividend of
WaFd Bank has partnered with Talkdesk to enhance customer experience through innovative AI solutions. The collaboration aims to improve digital banking services using Amazon Lex for efficient voice and chat functionalities. WaFd, managing $20 billion in assets across 200+ locations, focuses on providing exceptional customer service. The new platform is expected to reduce account inquiry times by 90% and enhance self-service capabilities, ultimately driving customer satisfaction and operational efficiency.
Washington Federal, Inc. (WAFD) reported record annual earnings of $236.33 million for the fiscal year ending September 30, 2022, a 41.8% increase from $183.62 million in 2021. Net income per share rose to $3.39 from $2.39. Loan growth surged by 17% to $16.1 billion, with net interest margin improving 26% to 3.64%, the highest since 2005. The efficiency ratio also improved to 50%. However, operating expenses increased 7.9% to $359 million. Overall, the company maintained a strong credit quality, posting net recoveries for the ninth consecutive year.
Washington Federal, Inc. (Nasdaq: WAFD) announced the promotion of Dan LaCoste to lead its operations in Southern Oregon. Under his leadership, the bank's commercial loan portfolio grew by nearly $250 million, alongside a deposit increase of over $160 million. LaCoste, a seasoned banker with 25 years of experience, emphasizes a servant leadership approach. WaFd Bank's CEO, Brent Beardall, expressed confidence in LaCoste's ability to foster client relationships and drive growth in the region.
Washington Federal, Inc. (WAFD) has announced the promotion of Kelli Holz to Chief Financial Officer effective January 1, 2023. Holz, who has 34 years of finance and risk experience, takes over from retiring CFO Vincent Beatty. She previously served as controller and interim CFO at Horizon Bank before its acquisition by Washington Federal Bank in 2010. Holz aims to enhance financial reporting and controls at WaFd Bank, which operates 209 branches and reported $20.2 billion in assets as of June 30, 2022.
Washington Federal, Inc. (Nasdaq: WAFD) announced a quarterly cash dividend of 24 cents per share, payable on September 2, 2022, to shareholders of record by August 19, 2022. This marks the company's 158th consecutive quarterly cash dividend. As of June 30, 2022, Washington Federal operated 209 branches, reporting $20.2 billion in assets, $16.0 billion in deposits, and $2.2 billion in shareholders’ equity.
Washington Federal, Inc. (WAFD) reports a robust quarterly earnings of $63.3 million for Q3 2022, marking a 33.5% increase from $47.4 million in Q3 2021. Net income per diluted share rose 49.2% to $0.91. Return on equity improved to 12.50% from 8.71%. The net interest margin expanded to 3.22%. Loan originations reached a record $2.74 billion, with net loans up 15.6%. Customer deposits increased 2.7% to $16.0 billion. Despite macroeconomic challenges, the company maintains strong asset quality.
The Board of Directors of Washington Federal has declared a quarterly cash dividend of 24 cents per share, payable on June 3, 2022, to shareholders of record as of May 20, 2022. This marks the 157th consecutive quarterly cash dividend for the company. As of March 31, 2022, Washington Federal reported $20.6 billion in assets, $16.4 billion in deposits, and $2.2 billion in shareholders’ equity, reflecting its robust financial position.
Washington Federal, Inc. (Nasdaq: WAFD) has promoted Todd Gerber to lead its Arizona operations, enhancing the bank's presence in the state. Gerber joined WaFd Bank in 2019 and has significantly increased commercial loan balances by 90% from 2020 to 2021. His extensive experience spans 28 years in various industries. President Brent Beardall praised Gerber for his ability to understand and fulfill client needs in Arizona. WaFd Bank operates more than 200 branches across eight western states, focusing on customer satisfaction and tailored financial solutions.
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