Market Overview

Washington Federal Announces 13% Increase in Its Cash Dividend and an Increase in Share Repurchase Authorization

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Today, the Board of Directors of Washington
Federal, Inc.
(NASDAQ:WAFD) announced a regular quarterly cash
dividend of 17 cents per share, a 2 cent increase from the prior
quarter. The dividend will be paid on February 23, 2018, to common
stockholders of record as of February 9, 2018. This will be Washington
Federal's 140th consecutive quarterly cash dividend.

The Board also increased the number of shares authorized for repurchase
by 5 million, bringing the currently authorized amount up to 5.3 million
shares. Over the last three fiscal years, the Company has repurchased
13.1 million shares at a weighted average price of $24.41. This
represents 13.4% of the shares outstanding on October 1, 2014.

President and Chief Executive Officer, Brent J. Beardall commented, "The
Board's actions today reflect its confidence in Washington Federal's
future."

Washington Federal, Inc. is the parent company of Washington Federal, a
national bank that operates 237 branches in Washington, Oregon, Idaho,
Utah, Nevada, Arizona, Texas and New Mexico. Established in 1917, the
bank provides consumer and commercial deposit accounts, financing for
small to middle market businesses, commercial real estate and
residential real estate, including consumer mortgages, home equity lines
of credit and insurance products through a subsidiary. As of December
31, 2017, the Company reported $15.6 billion in assets, $11.0 billion in
deposits and $2.0 billion in stockholders' equity.

Important Cautionary Statements

The foregoing information should be read in conjunction with the
financial statements, notes and other information contained in the
Company's 2017 Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K.

This press release contains statements about the Company's future that
are not statements of historical fact. These statements are "forward
looking statements" for purposes of applicable securities laws, and are
based on current information and/or management's good faith belief as to
future events. The words "believe," "expect," "anticipate," "project,"
and similar expressions signify forward-looking statements.
Forward-looking statements should not be read as a guarantee of future
performance. By their nature, forward-looking statements involve
inherent risk and uncertainties, which change over time; and actual
performance, could differ materially from those anticipated by any
forward-looking statements. The Company undertakes no obligation to
update or revise any forward-looking statement.

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