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. reports recurring developments for WaFd Bank, a federally insured Washington state chartered commercial bank serving consumer, commercial, small- to middle-market, commercial real estate, and residential real estate customers. The bank operates in Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California and also offers insurance products through a subsidiary.
Company news commonly covers quarterly earnings, net interest income and margin, deposit mix, credit quality, dividends, share repurchase authorization, and capital returns. Updates also include board and regional leadership changes, Community Reinvestment Act matters, investor presentations, and partnerships tied to WaFd Bank’s banking infrastructure and community-focused services.
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.
Washington Federal, Inc. (NASDAQ: WAFD) has priced a public offering of 12,000,000 depositary shares, representing a 1/40th ownership interest in its 4.875% fixed-rate non-cumulative perpetual preferred stock, Series A. The aggregate offering price is $300,000,000, with expected net proceeds of approximately $293,560,000 after expenses. The offering is set to close on February 8, 2021. Proceeds will support general corporate purposes, potentially including common stock repurchases.
The Board of Directors of Washington Federal, Inc. (Nasdaq: WAFD) has declared a quarterly cash dividend of 23 cents per share, marking a $0.01 increase from the previous quarter. This dividend will be distributed on February 19, 2021, to stockholders of record as of February 5, 2021. This payment will be the company's 152nd consecutive quarterly cash dividend.
Washington Federal operates 234 branches across several states and reported $19.1 billion in assets as of December 31, 2020.
Washington Federal, Inc. (WAFD) reported Q1 2021 earnings of $38.9 million or $0.51 per diluted share, a 41% decrease from $0.86 per share a year prior. Return on equity also declined to 7.65% from 13.46%. Total assets increased to $19.1 billion, with a 2.8% rise in customer deposits to $14.2 billion. Loan originations surged 40% year-over-year to $1.92 billion. However, non-performing assets increased to 0.35% of total assets. The company declared a cash dividend of $0.22 per share, marking its 151st consecutive quarterly dividend.
Washington Federal, Inc. (Nasdaq: WAFD) has announced a regular quarterly cash dividend of 22 cents per share, set to be paid on November 20, 2020, to common stockholders of record as of November 6, 2020. This marks the company's 151st consecutive quarterly cash dividend. As of September 30, 2020, Washington Federal reported total assets of $18.8 billion, with $13.8 billion in deposits and $2.0 billion in stockholders’ equity.
Washington Federal, Inc. (Nasdaq: WAFD) reported annual earnings of $173.4 million and diluted earnings per share of $2.26 for the fiscal year ended September 30, 2020, a 13.4% decrease from $210.3 million or $2.61 per share in the prior year. The return on equity fell to 8.63% from 10.46%. Despite challenges from the COVID-19 pandemic, the bank achieved record loan production of $6.2 billion, a 51% increase, and transaction deposits rose $2.7 billion, or 38%. However, the bank's credit loss allowance increased to $192 million, reflecting economic uncertainties.