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.
WaFd, Inc. (Nasdaq: WAFD) is the parent company of WaFd Bank, a Washington state chartered commercial bank headquartered in Seattle and operating branches across nine western states. The WAFD news feed on Stock Titan aggregates company press releases and other coverage so readers can follow developments affecting this regional banking organization and its customers.
Company news often centers on financial performance, with quarterly and annual earnings releases detailing net income, net interest income, net interest margin, non-interest income and expense, loan originations, deposit trends, and credit quality metrics such as non-performing assets and delinquency ratios. These updates also highlight balance sheet composition, including loans, deposits, borrowings, and investment securities, as well as capital measures like tangible common equity per share.
WaFd regularly announces board-approved cash dividends on its common stock and on its 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock through press releases and related Form 8-K filings. News items also cover share repurchase activity, changes in dividend levels, and other capital management actions that may be relevant to shareholders and prospective investors.
Beyond earnings and capital actions, WaFd news includes strategic and operational updates. Recent communications describe a shift in the bank’s business model away from originating new single-family mortgage loans and toward business banking and commercial real estate lending, as well as the build-out of small business and SBA lending capabilities. The bank has also announced its designation as a Preferred Lender with the U.S. Small Business Administration, leadership appointments in key regions, and organizational changes intended to support business and commercial real estate divisions.
Regulatory and compliance developments can also appear in WAFD news, such as disclosures about Community Reinvestment Act evaluations or the termination of historical consent orders. For readers tracking WAFD stock, this news page provides a centralized view of the company’s earnings, dividends, strategic direction, and regulatory disclosures over time.
Washington Federal, Inc. (WAFD) reported annual earnings of $183.6 million for FY ended September 30, 2021, up 5.8% from $173.4 million in FY 2020. Net income per share increased to $2.39, and return on shareholders' equity rose to 8.69%. Total assets grew 4.6% to $19.7 billion, with customer deposits rising 12.8% to $15.5 billion. The bank achieved record loan originations of $8.2 billion and reduced Federal Home Loan Bank borrowings by 36.3%. Despite strong performance, management remains cautious about potential economic downturns.
Washington Federal Bank, known as WaFd Bank, has agreed to pay a $2.5 million civil money penalty to the Office of the Comptroller of the Currency (OCC) for anti-money laundering deficiencies stemming from a February 2018 Consent Order. This payment is seen as a significant step towards resolving the Consent Order, which remains active. WaFd Bank has expressed its commitment to enhancing its AML/BSA program, emphasizing compliance and cooperation with the OCC.
Washington Federal, Inc. (Nasdaq: WAFD) has announced a quarterly cash dividend of 23 cents per share, payable on August 20, 2021, to shareholders of record by August 6, 2021. This marks the 154th consecutive quarterly cash dividend for the company. As of June 30, 2021, Washington Federal operates 224 branches across several states, reporting $19.6 billion in assets, $15.2 billion in deposits, and $2.2 billion in shareholders’ equity. The bank, founded in 1917, offers a range of consumer and commercial banking services.
Washington Federal, Inc. (WAFD) reported quarterly earnings of $47.42 million for the period ending June 30, 2021, a 36% increase from $34.85 million year-over-year. Net income per diluted share rose to $0.61, up from $0.46, reflecting a 33% increase. Return on equity improved to 8.71% from 7.01%, and assets reached $19.6 billion. Deposits grew by $1.5 billion or 10.6%, with transaction accounts rising 19.3%. Operating expenses increased due to higher compensation costs, but the bank's net interest margin improved to 2.82%. Credit quality remained stable with low non-performing assets.
Washington Federal, Inc. (Nasdaq: WAFD) announces board succession planning, with Chair Thomas Kelley and Dr. Barbara Smith not seeking re-election in January 2022. Stephen Graham will become Chairman after the annual meeting. The board expands to 12 members, adding Sylvia Hampel, Sean Singleton, and Shawn Bice, effective July 1, 2021. Bice, with over 20 years in tech leadership, aims to enhance WaFd's digital-first strategy. Hampel brings extensive business experience, while Singleton's capital markets background strengthens the bank's strategy for improved client experiences.
Washington Federal, Inc. (Nasdaq: WAFD) announced a quarterly cash dividend of 23 cents per share, to be paid on May 21, 2021. This marks the company's 153rd consecutive quarterly dividend. As of March 31, 2021, the bank reported $19.5 billion in assets, $14.8 billion in deposits, and $2.3 billion in shareholders’ equity. The bank operates 232 branches across several states, focusing on consumer and commercial financial services.
Washington Federal reported quarterly earnings of $44.87 million for the quarter ending March 31, 2021, a 23% increase from $36.38 million the previous year. Net income per diluted share rose 19% to $0.56. The bank grew loans outstanding by 9%, totaling $1.1 billion, with a 60% increase in loan originations. Total deposits surged 22.6% to $14.8 billion. The bank also issued $300 million in preferred stock and recorded net recoveries of $2.5 million, reflecting strong asset quality. Return on equity improved to 8.17%.
Washington Federal (NASDAQ: WAFD) announced the completion of its modified Dutch auction tender offer to buy up to $290 million of its common stock. The offer, which concluded on March 9, 2021, accepted a total of 1,715,335 shares at $31.00 per share, totaling approximately $53.2 million. This repurchase represents about 2.26% of the outstanding shares. The company may consider further stock purchases in the future based on market conditions and financial performance. Goldman Sachs acted as the dealer manager for this tender offer.
Washington Federal (NASDAQ: WAFD) announced preliminary results from its modified Dutch auction tender offer to buy back up to $290 million of its common stock. The tender offer expired on March 9, 2021, with approximately 1.7 million shares tendered at a price of $31.00 each, totaling about $53.2 million. This acquisition represents around 2.26% of the company's outstanding shares. The final number and purchase price are subject to confirmation. Future share repurchases may occur based on market conditions and company performance.
Washington Federal (NASDAQ: WAFD) has launched a modified Dutch auction tender offer to purchase up to $290 million of its common stock, with prices ranging from $26.50 to $31.00 per share. This offer represents an 11.75% premium over the recent 5-day Volume Weighted Average Price. If fully subscribed, the company could buy between 9.35 million and 10.94 million shares, equating to 12.3% to 14.4% of its outstanding stock. The tender offer expires on March 9, 2021, and shareholders are encouraged to review the offer documents for detailed information.