Pricing Log in Create free account
Saturday 17 October 2026 Export WAFD’s income statement to Excel — free account

WaFd, Inc.

WAFD Financial Banks Regional

WaFd, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $1.4 billion, down 1.52% from fiscal 2024. In the quarter to June 2026, revenue grew 1.80%, EPS grew 16.4%, free cash flow grew 33.9% and total debt rose 68.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

29.10 0.35 −1.19%
Market cap
$2.2B
P/E
9.1×
Fwd P/E
10.9×
Dividend yield
3.71%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

WaFd, Inc. (WAFD) Business Profile

Updated before January 2025

Company Overview

WaFd, Inc. (WAFD), also known as Washington Federal, Inc., is a publicly traded financial institution headquartered in Seattle, Washington. Established in 1917, WaFd has grown from a small local bank to a regional powerhouse, serving clients across eight western states in the United States, including Washington, Oregon, Idaho, Utah, Nevada, Arizona, New Mexico, and Texas. The company operates under the brand name WaFd Bank and is listed on the NASDAQ stock exchange under the ticker symbol “WAFD.”

WaFd’s leadership team is spearheaded by Brent Beardall, who serves as the President and Chief Executive Officer. Under his guidance, the company has focused on modernizing its banking services while maintaining its commitment to personalized customer service. The executive team also includes key leaders in finance, operations, and technology, ensuring a well-rounded approach to business growth and innovation.

Core Business Segments

WaFd operates through several core business segments, offering a wide range of financial products and services tailored to meet the needs of individuals, businesses, and communities. These segments include:

Retail Banking

WaFd provides traditional banking services such as checking and savings accounts, certificates of deposit (CDs), and money market accounts. These products are designed to help individuals and families manage their finances effectively.

Commercial Banking

The commercial banking segment focuses on serving small to medium-sized businesses. WaFd offers business checking and savings accounts, commercial loans, and lines of credit. The bank also provides treasury management services to help businesses optimize their cash flow and financial operations.

Mortgage Lending

WaFd is a significant player in the mortgage lending market, offering a variety of home loan products, including fixed-rate and adjustable-rate mortgages, FHA loans, and VA loans. The bank also provides refinancing options to help homeowners lower their monthly payments or access equity.

Construction and Real Estate Lending

WaFd specializes in construction loans for residential and commercial projects. These loans are tailored to meet the unique needs of builders and developers, providing flexible terms and competitive rates.

Wealth Management

Through its wealth management services, WaFd helps clients plan for their financial futures. The bank offers investment advisory services, retirement planning, and estate planning solutions.

Digital Banking

Recognizing the importance of technology in modern banking, WaFd has invested heavily in its digital banking platform. Customers can access their accounts, transfer funds, pay bills, and apply for loans through the bank’s user-friendly mobile app and online banking portal.

Business Model

WaFd’s business model is centered around providing comprehensive financial solutions while maintaining a strong focus on customer service. The bank generates revenue primarily through interest income from loans and investments, as well as fees from banking services. By integrating traditional banking products with modern digital tools, WaFd aims to offer a seamless and convenient banking experience.

The company also emphasizes community involvement, supporting local initiatives and charitable organizations. This approach not only strengthens its brand reputation but also fosters customer loyalty.

Strategic Direction

WaFd has outlined several strategic priorities to drive future growth:

  1. Digital Transformation: The bank is committed to enhancing its digital banking capabilities, including the development of new features for its mobile app and online platform.
  2. Geographic Expansion: WaFd plans to expand its presence in existing markets and explore opportunities in new regions.
  3. Sustainability Goals: The company is focused on reducing its environmental footprint by adopting sustainable practices in its operations and investing in green initiatives.
  4. Product Innovation: WaFd aims to introduce new financial products and services to meet the evolving needs of its customers.

Competitive Landscape

WaFd operates in a highly competitive industry, facing competition from both traditional banks and fintech companies. Key competitors include:

  • Traditional Banks: Regional and national banks such as Wells Fargo, U.S. Bank, and Bank of America.
  • Credit Unions: Local credit unions that offer similar products and services.
  • Fintech Companies: Online lenders and digital banks that provide innovative financial solutions.

Despite the competition, WaFd differentiates itself through its personalized customer service, community involvement, and robust digital platform.

Risk Factors

Like any financial institution, WaFd faces several risks that could impact its operations and profitability:

  1. Economic Conditions: The bank’s performance is closely tied to the health of the economy. Economic downturns can lead to higher loan defaults and reduced demand for financial products.
  2. Regulatory Changes: Changes in banking regulations could increase compliance costs and limit the bank’s ability to operate efficiently.
  3. Competition: Intense competition from traditional banks and fintech companies could pressure margins and market share.
  4. Cybersecurity Threats: As a provider of digital banking services, WaFd is vulnerable to cyberattacks and data breaches.

Recent Developments

WaFd has made significant strides in enhancing its digital banking platform, introducing features such as mobile check deposit, real-time account alerts, and enhanced security measures. The bank has also launched new loan products to support small businesses during the COVID-19 pandemic.

In addition, WaFd has been recognized for its community involvement, receiving awards for its charitable contributions and support for local businesses.

Investment Considerations

Strengths

  • Strong regional presence with a loyal customer base.
  • Comprehensive product portfolio catering to diverse customer needs.
  • Commitment to digital transformation and innovation.
  • Solid financial performance and consistent dividend payouts.

Risks

  • Exposure to economic fluctuations and interest rate changes.
  • Intense competition from traditional and non-traditional players.
  • Regulatory and cybersecurity risks.

Conclusion

WaFd, Inc. is a well-established financial institution with a strong regional presence and a commitment to innovation and customer service. While the company faces challenges from economic conditions and competition, its strategic initiatives and focus on digital transformation position it for long-term growth. Investors seeking exposure to the financial sector may find WaFd an attractive option, given its solid fundamentals and growth potential.