WaFd Q3 EPS Jumps 15% to $0.84 on Higher Net Interest Income
WAFD sits 49% above its 52-week low of $26.31.
Summary
WaFd posted Q3 EPS of $0.84, up 15% year-over-year, driven by a 2% sequential increase in net interest income to $181 million. Net interest margin held steady at 2.81%, while the efficiency ratio improved to 53.7% on expense discipline. The results show a regional bank managing the rate environment well, with capital ratios expected to remain above regulatory minimums. Management flagged potential capital relief from proposed Basel III Endgame revisions, a tailwind if finalized. The stock trades near its 52-week high, and this print reinforces the positive earnings trend seen in recent quarters.
At the time of this announcement, WAFD was trading at $39.28 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $26.31 to $39.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.