WaFd (NASDAQ:WAFD) Stock, Quote.Headers.trade-ideas

WaFd

Washington Federal

WaFd Inc is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Geographically It operates in Washington, Oregon, Arizona, Texas, Utah. New Mexico, Nevada, Idaho and others. WaFd Inc provides, Personal Banking, Business Banking, Commercial Banking and Home Loans.

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CBSH

WAFD

Shares of Commerce Bancshares Inc. (NASDAQ: CBSH) gained 3% following the release of its second-quarter 2024 results. Quarterly earnings per share of $1.07 surpassed the Zacks Consensus Estimate of 90 cents. Also, the bottom line increased 10.3% from the prior-year quarter.

Commerce Bancshares Up on Q2 Earnings Beat, Revenue Growth

WaFd, Inc.&#39;s (NASDAQ: WAFD) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially.

WAFD&#39;s Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal

Small Cap

Federal Reserve

Real Estate

FRME

FULT

Commercial real estate (&#34;CRE&#34;) continues to be an area of concern amid the high-interest-rate environment.

6 Regional Banks&#39; Ratings on Review for Downgrade by Moody&#39;s

WaFd Inc

<p>Shares of <strong>Commerce Bancshares Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbsh#NASDAQ">CBSH</a>) gained 3% following the release of its second-quarter 2024 results. Quarterly earnings per share of $1.07 surpassed the Zacks Consensus Estimate of 90 cents. Also, the bottom line increased 10.3% from the prior-year quarter.</p>
<p>Results benefited from a rise in net interest income (NII) and non-interest income. Also, lower provisions were a tailwind. The company recorded an increase in the capital ratios in the quarter. However, an increase in expenses hurt the results to some extent.</p>
<p>Net income attributable to common shareholders was $139.6 million, up 9.2% year over year. Our estimate for the metric was $110.2 million.</p>
<h3>Revenues Improve, Expenses Rise</h3>
<p>Total revenues were $414.5 million, up 4.4% year over year. The top line also beat the Zacks Consensus Estimate of $402.4 million.</p>
<p>NII was $262.2 million, up 5.1% year over year. Our estimate for NII was $252 million.</p>
<p>Net yield on interest-earning assets expanded 43 basis points (bps) from the prior-year quarter to 3.55%.</p>
<p>Non-interest income was $152.2 million, up 3.1% year over year. The rise was driven by an increase in almost all fee income components, except for bank card transaction fees, consumer brokerage services fees and other income. Our estimate for non-interest income was $144.7 million.</p>
<p>Non-interest expenses increased 2% year over year to $232.2 million. The rise was due to an increase in all cost components, except for net occupancy costs, deposit insurance costs and marketing expenses. We had projected expenses of $249.2 million.</p>
<p>Net investment securities gain was $3.23 million, down 4.7% from the prior-year quarter.</p>
<p>The efficiency ratio declined to 55.95% from 57.22% in the year-ago quarter. A fall in the efficiency ratio indicates an improvement in profitability.</p>
<p>As of Jun 30, 2024, total loans were $17.2 billion, down marginally from the prior-quarter end. Total deposits as of the same date were $24.3 billion, down marginally from the end of the previous quarter. Our estimates for total loans and deposits were $17.1 billion and $25.1 billion, respectively.</p>
<h3>Asset Quality: Mixed Bag</h3>
<p>Provision for credit losses was $5.5 million, which decreased 15.5% from the prior-year quarter. Our estimate for the metric was $7.2 million. Allowance for credit losses on loans to total loans was 0.92%, decreasing 2 bps year over year.</p>
<p>However, non-accrual loans to total loans were 0.11%, up 7 bps from the prior-year quarter. The ratio of annualized net loan charge-offs to total average loans was 0.23%, up from 0.16% in the year-earlier quarter.</p>
<h3>Capital Ratios Improve, Profitability Ratios Mixed</h3>
<p>As of Jun 30, 2024, the Tier I leverage ratio was 12.13%, up from 10.46% in the year-ago quarter. Tangible common equity to tangible assets ratio increased to 9.82% from the prior-year quarter&#39;s 7.70%.</p>
<p>At the end of the second quarter, the return on total average assets was 1.86%, up from the year-ago period&#39;s 1.56%. Return on average equity was 18.52% compared with 18.81% in the prior-year quarter.</p>
<h3>Share Repurchase Update</h3>
<p>In the reported quarter, the company repurchased 0.69 million shares at an average price of $55.21.</p>
<h3>Our Take</h3>
<p>Commerce Bancshares&#39; revenues are expected to be driven by decent loan demand, high interest rates and its balance sheet repositioning strategy. However, rising expenses remain a near-term headwind.</p>
<div class="chart_embed">
<h3>Commerce Bancshares, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="Commerce Bancshares, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/30/1721393543.png" style="height:265px; width:577px" title="" /></p>
<p>Commerce Bancshares, Inc. price-consensus-eps-surprise-chart | Commerce Bancshares, Inc. Quote</p>
</div>
<p>Currently, Commerce Bancshares carries a Zacks Rank #2 (Buy).</p>
<h3>Performance of Other Banks</h3>
<p><strong>Bank OZK</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ozk#NASDAQ">OZK</a>) second-quarter 2024 earnings per share of $1.52 surpassed the Zacks Consensus Estimate by a penny. The bottom line increased 3.4% from the prior-year quarter.</p>
<p>OZK&#39;s results benefited from a rise in NII, driven by higher rates, and improvements in loans and deposit balances. However, increases in expenses and provision for credit losses, rising funding costs, and lower non-interest income were the undermining factors.</p>
<p><strong>WaFd, Inc.</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially.</p>
<p>WAFD&#39;s results reflected a rise in NII and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise in expenses and a slight decline in the deposit balance acted as spoilsports.</p>
<p><a href="https://www.zacks.com/stock/news/2305531/commerce-bancshares-cbsh-up-on-q2-earnings-beat-revenue-growth?cid=CS-BENZ-FT-analyst_blog|earnings_article-2305531">To read this article on Zacks.com click here.</a></p>


<p>Stephens &amp; Co.  analyst Andrew Terrell   maintains WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Equal-Weight and raises the price target from $32 to $36.</p>


Price Target

Stephens & Co. Maintains Equal-Weight on WaFd, Raises Price Target to $36

<p><strong>WaFd, Inc.</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially.</p>
<p>The quarter marked the first full quarter after the completion of the acquisition of Luther Burbank Corporation (LBC).</p>
<p>The results reflected a rise in net interest income (NII) and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise in expenses and a slight decline in the deposit balance acted as spoilsports.</p>
<p>Results in the reported quarter excluded merger-related costs and certain non-operating expenses. After considering those, net income available to common shareholders (GAAP basis) was $60.9 million or 75 cents per share, significantly up from $12.2 million or 17 cents per share in the prior quarter.</p>
<h3>Revenues Rise, Expenses Up</h3>
<p>Adjusted net revenues were $193.4 million, rising 11.2% from the prior quarter. Also, the top line surpassed the Zacks Consensus Estimate of $180.6 million.</p>
<p>NII came in at $177.2 million, growing 11.7% sequentially. The net interest margin was 2.56%, contracting 17 basis points (bps). Our estimates for NII and NIM were $166.8 million and 2.74%, respectively.</p>
<p>The total adjusted other income of $16.2 million rose 5.9%. Our estimate for the metric was $14.5 million.</p>
<p>Total adjusted other expenses were $107.8 million, up 5.9%. The rise was due to an increase in all the components. Our estimate for the metric was $114.8 million. During the reported quarter, WaFd recorded $2.3 million of merger-related expenses for the LBC deal.</p>
<p>The company&#39;s adjusted efficiency ratio was 55.7%, down from 58.5% in the prior quarter. A fall in the efficiency ratio reflects improved profitability.</p>
<p>As of Jun 30, 2024, net loans receivable were $20.9 billion, growing marginally from the prior quarter. During the quarter, the company sold $2.8 billion of acquired multifamily loans.</p>
<p>Total customer deposits were $21.2 billion, recording a slight fall.&nbsp;</p>
<p>At the end of the fiscal third quarter, the adjusted return on average common equity was 9.36%, up from 8.74% at the end of the prior quarter. Adjusted return on average assets was 0.88%, stable on a sequential basis.</p>
<h3>Credit Quality: A Mixed Bag</h3>
<p>As of Jun 30, 2024, allowance for credit losses (including reserve for unfunded commitments) was 1% of gross loans outstanding, stable from the prior quarter end.</p>
<p>In the reported quarter, the provision for credit losses was $1.5 million compared with $16 million provisions in the previous quarter.</p>
<p>The ratio of non-performing assets to total assets was 0.24%, up 1 bp.</p>
<h3>Share Repurchase Update</h3>
<p>During the quarter, WAFD repurchased 0.36 million shares at an average price of $26.63 per share.</p>
<p>In May, the company increased the buyback authorization by 10 million shares. As of Jun 30, 2024, approximately 11.5 million shares remained available under the authorization.</p>
<h3>Our Viewpoint</h3>
<p>Decent loan growth, higher interest rates and a robust balance sheet are likely to continue aiding WAFD&#39;s financials. The LBC acquisition expanded the company&#39;s presence in the lucrative California market and will be accretive to earnings in fiscal 2025. However, elevated expenses and an expected economic slowdown are near-term headwinds.</p>
<div class="chart_embed">
<h3>WaFd, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="WaFd, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/00/1721219140.png" style="height:265px; width:577px" title="" /></p>
<p><span style="font-size:13px">WaFd, Inc. price-consensus-eps-surprise-chart</span><span style="font-size:13px"> | </span><span style="font-size:13px">WaFd, Inc. Quote</span></p>
</div>
<p>Currently, WAFD carries a Zacks Rank #3 (Hold).</p>
<h3>Earnings Dates &amp; Expectations of Other Banks</h3>
<p><strong>BankUnited </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bku#NYSE">BKU</a>) is scheduled to announce second-quarter 2024 numbers on Jul 18.</p>
<p>Over the past 30 days, the Zacks Consensus Estimate for BKU&#39;s quarterly earnings has been revised 1.5% down to 65 cents, suggesting a 16.7% decline from the prior-year reported number.</p>
<p><strong>Commerce Bancshares</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbsh#NASDAQ">CBSH</a>) is also set to announce second-quarter 2024 numbers on Jul 18.</p>
<p>Over the past month, the Zacks Consensus Estimate for CBSH&#39;s quarterly earnings has moved 3.4% north to 91 cents. This implies a 6.2% decrease from the prior-year quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2303592/wafd-s-q3-earnings-beat-estimates-revenues-rise-on-lbc-deal?cid=CS-BENZ-FT-analyst_blog|earnings_article-2303592">To read this article on Zacks.com click here.</a></p>


WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal

<p>WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.57 by 31.58 percent. This is a 15.73 percent decrease over earnings of $0.89 per share from the same period last year.</p>


WaFd Q3 EPS $0.75 Beats $0.57 Estimate

<p>Commercial real estate (&quot;CRE&quot;) continues to be an area of concern amid the high-interest-rate environment. Because of their significant exposure to CRE loans, the long-term ratings of at least six regional banks in the United States have been placed under review for downgrade by <strong>Moody&#39;s Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mco#NYSE">MCO</a>).<br />
The banks are <strong>Old National Bancorp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/onb#NASDAQ">ONB</a>), <strong>Fulton Financial Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fult#NASDAQ">FULT</a>), <strong>F.N.B. Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnb#NYSE">FNB</a>), <strong>WaFd, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>), <strong>First Merchants Corp.</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frme#NASDAQ">FRME</a>) and <strong>Peapack-Gladstone Financial Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgc#NASDAQ">PGC</a>).<br />
Notably, at the time when interest rates were low in the United States, various regional banks increased their concentrations in CRE, which, by nature, is a volatile asset class.<br />
Now, amid the higher interest rate environment (the Federal Reserve increased interest rates last year at the fastest pace in decades to contain the stubborn inflation, which slowed down credit demand), banks with a substantial concentration in CRE loans face ongoing credit quality and profitability issues. This is because higher rates have increased the longstanding risks of CRE for banks&#39; creditworthiness, particularly during cycle downturns.<br />
Moreover, unlike the largest regional banks, the above-mentioned banks are not subject to heightened prudential regulatory standards. Thus, these banks&#39; credit weaknesses are enlarged by lower regulatory requirements in relation to the larger banks.<br />
Accordingly, since CRE loans have a lower value now amid higher rates, these banks face heightened risks.<br />
According to Moody&#39;s, bank funding is under pressure now because depositors continue to switch to accounts with higher interest rates, which has been leading to a compression in banks&#39; net interest margins.<br />
Moody&#39;s said that its review for downgrade will focus on the extent to which the above-mentioned regional banks can maintain sufficient qualitative and quantitative risk mitigants to offset the dangers associated with their CRE loan exposures, especially with respect to their policy toward the amount of capital and liquidity that they retain.<br />
Particularly for FULT, Moody&#39;s will also consider the impact that the recent acquisition of Republic Bank will have on the bank&#39;s creditworthiness.<br />
Likewise, for WAFD, Moody&#39;s will consider the impact that the bank&#39;s loan sale (WAFD recently entered an agreement to sell a large pool of multi-family loans that it acquired as part of its acquisition of Luther Burbank) will have on its capital, liquidity and profitability profiles.<br />
Currently, WAFD, ONB, and FULT carry a Zacks Rank #3 (Hold). FNB carries a Zacks Rank #4 (Sell).<br />
<a href="https://www.zacks.com/stock/news/2285392/6-regional-banks-ratings-on-review-for-downgrade-by-moody-s?cid=CS-BENZ-FT-analyst_blog|industry_focus-2285392">To read this article on Zacks.com click here.</a></p>


6 Regional Banks' Ratings on Review for Downgrade by Moody's

<p>Piper Sandler  analyst Kashy Harrison   maintains WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Neutral and raises the price target from $29 to $31.</p>


Piper Sandler Maintains Neutral on WaFd, Raises Price Target to $31

Buybacks

WaFd Board Increased Number Of Shares Authorized For Repurchase By 10M

<p>Stephens &amp; Co.  analyst Andrew Terrell   reiterates WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Equal-Weight and maintains $32 price target.</p>


Reiteration

Stephens & Co. Reiterates Equal-Weight on WaFd, Maintains $32 Price Target

<p>Washington Federal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.60 by 21.67 percent. This is a 13.1 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $171.99 million which beat the analyst consensus estimate of $151.64 million by 13.42 percent. This is a 7.09 percent decrease over sales of $185.11 million the same period last year.</p>


Washington Federal Q2 Adj EPS $0.73 Beats $0.60 Estimate, Sales $171.99M Beat $151.64M Estimate

<p><strong>Sierra Bancorp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsrr#NASDAQ">BSRR</a>) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.</p>
<p>This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this parent company of Bank of the Sierra would post earnings of $0.70 per share when it actually produced earnings of $0.43, delivering a surprise of -38.57%.</p>
<p>Over the last four quarters, the company has surpassed consensus EPS estimates two times.</p>
<p>Sierra Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $37.31 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.89%. This compares to year-ago revenues of $34.71 million. The company has topped consensus revenue estimates four times over the last four quarters.</p>
<p>The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.</p>
<p>Sierra Bancorp shares have lost about 16.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 4.1%.</p>
<p><strong>What&#39;s Next for Sierra Bancorp?</strong></p>
<p>While Sierra Bancorp has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?</p>
<p>There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.</p>
<p>Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.</p>
<p>Ahead of this earnings release, the estimate revisions trend for Sierra Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.</p>
<p>It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $35.6 million in revenues for the coming quarter and $2.33 on $143.9 million in revenues for the current fiscal year.</p>
<p>Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p>One other stock from the same industry, <strong>WaFd</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>), is yet to report results for the quarter ended March 2024.</p>
<p>This holding company for Washington Federal Savings Bank is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -67.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.</p>
<p>WaFd&#39;s revenues are expected to be $168.22 million, down 9.1% from the year-ago quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2259045/sierra-bancorp-bsrr-surpasses-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2259045">To read this article on Zacks.com click here.</a></p>


BSRR

Sierra Bancorp Surpasses Q1 Earnings and Revenue Estimates

<p>DA Davidson  analyst Jeff Rulis   maintains WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Buy and maintains $35 price target.</p>


DA Davidson Maintains Buy on WaFd, Maintains $35 Price Target

<p>Investors eagerly anticipate the dividend payout from <b>Washington Federal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>)</b> on March 08, 2024. With a payout of $0.26 per share and an annualized dividend yield of 3.60%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 22, 2024</p>
<h3>Washington Federal Recent Dividend Payouts</h3>
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<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-22</td>
<td style="text-align: right;">4</td>
<td>$0.26</td>
<td>3.6%</td>
<td>2024-02-13</td>
<td>2024-02-23</td>
<td>2024-03-08</td>
</tr>
<tr>
<td>2023-11-22</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.96%</td>
<td>2023-11-14</td>
<td>2023-11-24</td>
<td>2023-12-08</td>
</tr>
<tr>
<td>2023-08-24</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.33%</td>
<td>2023-08-15</td>
<td>2023-08-25</td>
<td>2023-09-08</td>
</tr>
<tr>
<td>2023-05-18</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.91%</td>
<td>2023-05-09</td>
<td>2023-05-19</td>
<td>2023-06-02</td>
</tr>
<tr>
<td>2023-02-23</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>2.78%</td>
<td>2023-02-14</td>
<td>2023-02-24</td>
<td>2023-03-10</td>
</tr>
<tr>
<td>2022-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.52%</td>
<td>2022-11-08</td>
<td>2022-11-18</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.79%</td>
<td>2022-08-09</td>
<td>2022-08-19</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-05-19</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>3.11%</td>
<td>2022-05-10</td>
<td>2022-05-20</td>
<td>2022-06-03</td>
</tr>
<tr>
<td>2022-02-03</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.7%</td>
<td>2022-01-25</td>
<td>2022-02-04</td>
<td>2022-02-18</td>
</tr>
<tr>
<td>2021-11-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.55%</td>
<td>2021-10-26</td>
<td>2021-11-05</td>
<td>2021-11-19</td>
</tr>
<tr>
<td>2021-08-05</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.88%</td>
<td>2021-07-27</td>
<td>2021-08-06</td>
<td>2021-08-20</td>
</tr>
<tr>
<td>2021-05-06</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.8%</td>
<td>2021-04-27</td>
<td>2021-05-07</td>
<td>2021-05-21</td>
</tr>
</tbody>
</table>
<p>When comparing Washington Federal's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>)</b> having the highest annualized dividend yield at 7.05%.</p>
<h3>Analyzing Washington Federal Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709910314_0.png" alt="dividend chart graph" /></p>
<p>During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.88 to $1.00, reflecting the company's focus on providing greater returns to its shareholders.</p>
<h3>YoY Earnings Growth For Washington Federal</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709910314_1.png" alt="earning chart graph" /></p>
<p>From 2020 to 2023, Washington Federal has demonstrated an upward trend in earnings, with earnings per share rising from $1.98 to $3.72. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.</p>
<h3>Recap</h3>
<p>In this article, we delve into Washington Federal's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.26 per share today, resulting in an annualized dividend yield of 3.60%.</p>
<p>When comparing Washington Federal's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer First Interstate BancSys having the highest annualized dividend yield at 7.05%.</p>
<p>Given that Washington Federal has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[Track real-time stock fluctuations for Washington Federal on Benzinga.](https://www.benzinga.com/quote/<b>Washington Federal (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

FIBK

Surpassing Expectations: Washington Federal Unleashes Growth Potential and Rewards Investors

WaFd Increases Quarterly Dividend From $0.25 To $0.26

WaFd Secures Regulatory Approval For Acquisition Of Luther Burbank Corporation

<p>Keefe, Bruyette &amp; Woods  analyst Kelly Motta   maintains WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Outperform and lowers the price target from $37 to $35.</p>


Keefe, Bruyette & Woods Maintains Outperform on WaFd, Lowers Price Target to $35-Report Released on 17 January 2024

<p>Stephens &amp; Co.  analyst Andrew Terrell   reiterates WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Equal-Weight and maintains $35 price target.</p>


Stephens & Co. Reiterates Equal-Weight on WaFd, Maintains $35 Price Target

WaFd Q1 2023 EPS $0.85 Down From $1.16 YoY

<p>Stephens &amp; Co.  analyst Andrew Terrell   initiates coverage on WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Equal-Weight rating.</p>


Initiation

Stephens & Co. Initiates Coverage On WaFd with Equal-Weight Rating

<p>At the end of December 08, 2023, <b>WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>)</b> will reward its shareholders with a dividend payout of $0.25 per share, demonstrating an annualized dividend yield of 3.96%. Remember, only investors who held the stock before the ex-dividend date on November 22, 2023 will receive this payout.</p>
<h3>WaFd Recent Dividend Payouts</h3>
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            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
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            background-color: #f2f4f8;
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        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-22</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.96%</td>
<td>2023-11-14</td>
<td>2023-11-24</td>
<td>2023-12-08</td>
</tr>
<tr>
<td>2023-08-24</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.33%</td>
<td>2023-08-15</td>
<td>2023-08-25</td>
<td>2023-09-08</td>
</tr>
<tr>
<td>2023-05-18</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>3.91%</td>
<td>2023-05-09</td>
<td>2023-05-19</td>
<td>2023-06-02</td>
</tr>
<tr>
<td>2023-02-23</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>2.78%</td>
<td>2023-02-14</td>
<td>2023-02-24</td>
<td>2023-03-10</td>
</tr>
<tr>
<td>2022-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.52%</td>
<td>2022-11-08</td>
<td>2022-11-18</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.79%</td>
<td>2022-08-09</td>
<td>2022-08-19</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-05-19</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>3.11%</td>
<td>2022-05-10</td>
<td>2022-05-20</td>
<td>2022-06-03</td>
</tr>
<tr>
<td>2022-02-03</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.7%</td>
<td>2022-01-25</td>
<td>2022-02-04</td>
<td>2022-02-18</td>
</tr>
<tr>
<td>2021-11-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.55%</td>
<td>2021-10-26</td>
<td>2021-11-05</td>
<td>2021-11-19</td>
</tr>
<tr>
<td>2021-08-05</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.88%</td>
<td>2021-07-27</td>
<td>2021-08-06</td>
<td>2021-08-20</td>
</tr>
<tr>
<td>2021-05-06</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.8%</td>
<td>2021-04-27</td>
<td>2021-05-07</td>
<td>2021-05-21</td>
</tr>
<tr>
<td>2021-02-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.24%</td>
<td>2021-01-26</td>
<td>2021-02-05</td>
<td>2021-02-19</td>
</tr>
</tbody>
</table>
<p>In terms of dividend yield, WaFd finds itself in the middle ground among its industry peers, while <b>Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>)</b> takes the lead with the highest annualized dividend yield at 5.05%.</p>
<h3>Analyzing WaFd Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702047927_0.png" alt="dividend chart graph" /></p>
<p>During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.82 to $0.96, reflecting the company's focus on providing greater returns to its shareholders.</p>
<h3>YoY Earnings Growth For WaFd</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702047927_1.png" alt="earning chart graph" /></p>
<p>The earnings chart illustrates an increase in WaFd's earnings per share, from $2.62 in 2019 to $3.39 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.</p>
<h3>Recap</h3>
<p>In this article, we delve into WaFd's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.25 per share today, resulting in an annualized dividend yield of 3.96%.</p>
<p>In terms of dividend yield, WaFd finds itself in the middle ground among its industry peers, while Wesbanco takes the lead with the highest annualized dividend yield at 5.05%.</p>
<p>With an increase in dividend per share and earnings per share from 2019 to 2022, WaFd demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.</p>
<p>Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.</p>
<p>\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


WSBC

Overcoming Challenges and Adapting: WaFd Navigates to Reward InvestorsDriving Profitability and Investor Rewards: WaFd Delivers Strong Performance and Growing Profits

<p>Tuesday marks the last chance for investors to receive the next  dividend payout from <strong>WaFd</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Wednesday, WaFd will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own WAFD as of the end of Tuesday's session are eligible to receive the 25 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on December 08, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


Tuesday Is Your Last Chance To Buy WaFd Before The Dividend Payout

The latest update is out from Washington Federal (WAFD). WaFd Inc. is set to unveil its earnings for the quarter ending June 30, 2024, after the ma...

Washington Federal to Announce Quarterly Earnings Results

WaFd GAAP EPS of $0.75 beats by $0.20, revenue of $194.44M beats by $8.53M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>WaFd</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/wafd-stock-quote/"><strong>WAFD</strong></a></span>) just reported results for the third quarter of 2024.</p><ul><li>WaFd reported earnings per share of 76 cents. This was above the analyst estimate for EPS of 57 cents.</li><li>The company reported revenue of $194.44 million.</li><li>This was 13.05% better than the analyst estimate for revenue of $171.99 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/07/wafd-stock-earnings-wafd-for-q3-of-2024/">WAFD Stock Earnings: WaFd Beats EPS, Beats Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

WAFD Stock Earnings: WaFd Beats EPS, Beats Revenue for Q3 2024

KBW analyst Kelly Motta maintained a Buy rating on Washington Federal (WAFD – Research Report) yesterday and set a price target of $35.00. The comp...

KBW Sticks to Its Buy Rating for Washington Federal (WAFD)

Piper Sandler analyst Matthew Clark maintained a Hold rating on Washington Federal (WAFD – Research Report) today and set a price target of $29.00....

Piper Sandler Reaffirms Their Hold Rating on Washington Federal (WAFD)

WaFd: Regional Bank Offering 7.6% Yielding Preferred Dividend

WaFd declares $0.26 dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of August 18

Washington Federal (WAFD) has provided an update. WaFd, Inc. is sharing a slide presentation aimed at investors and analysts, highlighting future p...

Washington Federal Presents Future Financial Projections

Dividend Champion, Contender, And Challenger Highlights: Week Of September 1

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Press Releases

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

WaFd, Inc. Announces Increase in its Cash Dividend to 26 Cents Per Share

WaFd Reports Second Quarter Fiscal 2024 Results Following Completion of Merger of Luther Burbank Corporation

WaFd, Inc. Announces Cash Dividend of 26 Cents Per Share and Increase in Share Repurchase Authorization

WaFd Bank Completes Sale of $2.8 Billion in Multi-Family Loans

WaFd Continues Tracking to Plan Post-Acquisition; Announces Quarterly Earnings Per Share of $0.75

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WaFd

WaFd (WAFD) Forecast

WaFd (NASDAQ:WAFD) Stock, Quote.Headers.trade-ideas