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. (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.
Washington Federal, Inc. (Nasdaq: WAFD) has partnered with Plaid to enhance financial solutions for its clients. This collaboration allows WaFd Bank customers to securely access their banking data across over 6,000 applications through Plaid's API integration. The initiative aims to provide a seamless banking experience, empowering customers to manage their finances confidently. CEO Brent Beardall emphasized the bank's commitment to reliable digital tools, showcasing this partnership as part of their ongoing investment in modern banking capabilities.
Washington Federal, Inc. (Nasdaq: WAFD) reported quarterly earnings of $49.4 million for the quarter ended March 31, 2022, reflecting a 10% increase from the previous year. Net income per diluted share rose 25% to $0.70 compared to $0.56 in 2021. Total assets grew to $20.6 billion due to a $2 billion increase in loans. Customer deposits reached $16.4 billion, up 5.5%. The company noted concerns over inflation and potential credit cycles but remains optimistic about its position. The efficiency ratio improved to 58.7%, and net interest margin rose to 2.90%.
Washington Federal, Inc. (Nasdaq: WAFD) has announced the promotion of Doron Joseph to Regional President for Nevada, marking a significant leadership change aimed at expanding the bank's commercial banking presence. Joseph, who joined WaFd Bank in 2019, has a proven track record, with 25 years of experience in finance and a notable increase in loans (193%) and deposits (54%) in Nevada over the last five years. The bank's CEO praised Joseph's contributions and anticipates continued growth under his leadership.
Washington Federal Bank has successfully transitioned from a national bank charter to a Washington state chartered commercial bank. The change allows for primary supervision by the Washington State Department of Financial Institutions and the FDIC. The bank, now legally named Washington Federal Bank, aims to save approximately $500,000 in operating expenses annually. CEO Brent J. Beardall emphasized the benefits of local regulation for community support and shareholder returns, noting that daily operations will remain unaffected.
Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 24 cents per share, scheduled for payment on February 18, 2022, to shareholders of record as of February 4, 2022. This dividend marks the company's 156th consecutive quarterly cash dividend. In board changes following the recent Annual Meeting, Stephen Graham has been appointed as Chairman, with Brent Beardall becoming Vice-Chairman. As of December 31, 2021, Washington Federal reported $20.0 billion in assets and $2.1 billion in shareholders’ equity.
Washington Federal reported a net income of $50.3 million for Q1 2022, a 29% increase from the previous year. The earnings per share rose by 39% to $0.71 compared to $0.51 in Q1 2021. Strong performance was driven by a robust loan growth of $759 million, totaling $2.13 billion in originations. The bank exited a BSA Consent Order with regulators and launched improved digital banking platforms. Total assets climbed to $20 billion, and customer deposits increased by $360 million.
Washington Federal Bank, also known as WaFd Bank, announced that the Office of the Comptroller of the Currency (OCC) has terminated the February 2018 consent order related to Anti-Money Laundering and Bank Secrecy Act deficiencies, effective December 17, 2021. CEO Brent Beardall highlighted the achievement as a validation of the team's efforts to enhance their compliance program. The bank operates 219 branches across several states, primarily engaging in deposit acceptance and various loan types.
Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 23 cents per share, set to be paid on November 19, 2021, to shareholders on record as of November 5, 2021. This marks the 155th consecutive quarterly dividend for the company. As of September 30, 2021, Washington Federal reported $19.7 billion in assets, $15.5 billion in deposits, and $2.1 billion in shareholders’ equity. The dividend reflects the company's ongoing commitment to returning capital to its investors.
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