WaFd Q3 EPS $0.84 Beats on 15% YoY Growth, NIM Steady at 2.81%, Credit Stable
WAFD sits 45% above its 52-week low of $26.31.
Summary
WaFd reported Q3 FY2026 EPS of $0.84, up 15% YoY, on net interest income of $181M and a stable 2.81% NIM. Credit quality remained manageable, and tangible book value per share rose to $30.82.
Key Events · Earnings and Guidance · WAFD
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Q3 Earnings Beat
Diluted EPS of $0.84, up 15% YoY and 2% QoQ, on net income of $66.1M. Net interest income rose 2% sequentially to $181M, with NIM holding at 2.81%.
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Efficiency Gains
Efficiency ratio improved to 53.69% from 55.66% last quarter, aided by a $3.2M gain on sale of a branch property. Adjusted efficiency ratio was 54.6%.
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Credit Quality Stable
Non-performing assets edged up to 0.49% of total assets from 0.48% QoQ. Delinquencies declined to 0.75% of loans from 0.78%. Provision for credit losses rose to $11M from $4M, driven by loan growth and classified loan concerns.
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Capital & Book Value Growth
Tangible book value per share increased to $30.82 from $29.38 at fiscal year-end 2025. CET1 ratio estimated at 11.4%, well above well-capitalized minimums.
Analysis · WAFD · Finance
WaFd delivered a solid quarter with earnings per share rising 15% year-over-year to $0.84, driven by a 2% sequential increase in net interest income to $181 million and a stable net interest margin of 2.81%. The efficiency ratio improved to 53.7% thanks to a branch property sale gain. Credit quality held up: non-performing assets ticked up slightly to 0.49% of total assets, but delinquencies declined to 0.75% of loans. The provision for credit losses jumped to $11 million from $4 million last quarter, reflecting loan growth and some caution on classified loans, though net charge-offs remained low at $1.6 million. Tangible book value per share grew to $30.82, and the company bought back a modest 8,806 shares during the quarter. The results reinforce WaFd's consistent earnings power in a challenging rate environment, with capital ratios well above regulatory minimums.
How filings like this one have moved
In the 30 days to Sep 8, 2026, 30% of the 1942 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WAFD was trading at $38.10 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $26.31 to $39.49. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.