WAFD INC WAFD
WaFd Bank, a federally-insured Washington state chartered commercial bank formerly known as Washington Federal Bank
lending, depository, insurance and other banking services to consumers, small, mid-sized and large businesses, and owners and
developers of commercial real estate. Effective September 25, 2025, the Bank formally changed its name from Washington Federal
Bank to WaFd Bank by filing its Second Amended and Restated Articles of Incorporation with the Washington Secretary of State.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.6M | $27.5M | $26.1M | $25.9M | $24.7M | $23.7M | $24.9M | $25.9M | $548.9M | $536.8M |
| Interest expense | $654.2M | $660.8M | $690.2M | $594.6M | $86.5M | $151.8M | $190.4M | $134.9M | $117.0M | $116.5M |
| Pre-tax income | $289.6M | $256.1M | $325.1M | $300.0M | $233.1M | $219.2M | $262.8M | $257.2M | $256.2M | $248.1M |
| Income tax | $63.6M | $56.0M | $67.7M | $63.7M | $49.5M | $45.7M | $52.5M | $53.4M | $82.7M | $84.1M |
| Net income | $226.1M | $200.0M | $257.4M | $236.3M | $183.6M | $173.4M | $210.3M | $203.8M | $173.5M | $164.0M |
| EPS, basic | 2.64 | 2.50 | 3.72 | 3.40 | 2.39 | 2.26 | 2.61 | 2.40 | 1.95 | 1.79 |
| EPS, diluted | 2.63 | 2.50 | 3.72 | 3.39 | 2.39 | 2.26 | 2.61 | 2.40 | 1.94 | 1.78 |
| Shares, diluted (wtd. avg.) | $80.3M | $74.3M | $65.3M | $65.4M | $72.6M | $76.7M | $80.5M | $85.1M | $89.2M | $91.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $657.3M | $2.38B | $980.6M | $684.0M | $2.09B | $1.70B | $419.2M | $268.6M | $313.1M | $450.4M |
| Property, plant and equipment | $261.3M | $247.9M | $237.0M | $243.1M | $255.2M | $252.8M | $274.0M | $268.0M | $263.7M | $282.0M |
| Goodwill | $414.7M | $411.4M | $304.8M | $303.5M | $303.5M | $302.7M | $301.4M | $301.4M | $293.2M | $291.5M |
| Other intangibles | $27.4M | $37.1M | $5.9M | $5.6M | $6.6M | $7.2M | $7.9M | $9.9M | $5.5M | $5.5M |
| Total assets | $26.70B | $28.06B | $22.47B | $20.77B | $19.65B | $18.79B | $16.47B | $15.87B | $15.25B | $14.89B |
| Total liabilities | $23.66B | $25.06B | $20.05B | $18.50B | $17.52B | $16.78B | $14.44B | $13.87B | $13.25B | $12.91B |
| Retained earnings | $2.11B | $1.98B | $1.87B | $1.69B | $1.53B | $1.42B | $1.34B | $1.19B | $1.04B | $943.9M |
| Total equity | $3.04B | $3.00B | $2.43B | $2.27B | $2.13B | $2.01B | $2.03B | $2.00B | $2.01B | $1.98B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $237.0M | $439.2M | $214.0M | $268.5M | $314.5M | $166.6M | $234.1M | $190.7M | $179.7M | $221.7M |
| Depreciation and amortisation | $9.7M | $134.1M | $23.0M | $64.0M | — | — | — | — | — | — |
| Stock-based compensation | $8.5M | $9.2M | $7.9M | $6.8M | $6.4M | $6.5M | $5.3M | $4.8M | $5.9M | $3.6M |
| Capital expenditure | $28.7M | $24.7M | $15.1M | $11.8M | $29.5M | $31.9M | $35.5M | $27.1M | $15.5M | $41.8M |
| Investing cash flow | -$318.4M | $3.29B | -$1.38B | -$2.49B | -$579.7M | -$921.0M | -$421.4M | -$674.4M | -$544.5M | -$131.1M |
| Financing cash flow | -$1.64B | -$2.33B | $1.46B | $817.9M | $653.1M | $2.04B | $337.8M | $439.3M | $227.5M | $75.7M |
| Dividends paid | $84.6M | $74.3M | $63.8M | $61.6M | $65.9M | $66.5M | $63.3M | $56.0M | $74.5M | $49.9M |
| Buybacks | $101.9M | $27.1M | $30.5M | $3.3M | $348.7M | $112.1M | $123.9M | $164.2M | $98.4M | $87.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000936528-25-000117.
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