WaFd, Inc Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 23, 2024 at 02:30 am IST
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WaFd, Inc reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported net interest income was USD 158.6 million compared to USD 175.04 million a year ago. Net income was USD 15.89 million compared to USD 65.93 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.95 a year ago.
For the six months, net interest income was USD 310.83 million compared to USD 357.84 million a year ago. Net income was USD 74.34 million compared to USD 145.44 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 2.11 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 2.11 a year ago.
WaFd, Inc. is a bank holding company that conducts its primary business through its subsidiary, Washington Federal Bank. Washington Federal Bank, a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the Bank), 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. The Bank's business consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. The Bank invests in certain United States government and agency obligations and other investments. The Bank has approximately 198 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas.
WAFD, INC 
