MARKETS / NASDAQ / WAFD

NASDAQ · NATIONAL COMMERCIAL BANKS · LARGE CAP

Wafd Inc. WAFD

18 fiscal years on record · USD · FY2025 reported · SEC filings only

7 YEARS OF DIVIDEND GROWTH

Revenue

$29.6M

▲ 7.8% YoY

Net income

$226.1M

▲ 13.0% YoY

Free cash flow

$208.2M

▼ 49.8% YoY

In brief

What this company does

The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, and business loans, including U.S. Small Business Administration (“SBA”) loans. As of September 30, 2025, WaFd Bank has 208 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California and Texas. As of September 30, 2025, we employed 2037 full and part time employees.

Written from the business description in WaFd, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 November 2025. Every sentence was checked against that document before publication.

Growth

USD 29.6M

Revenue, FY2025 · full 18-year series below

Revenue $M Net income $M

FY2025 · Revenue 29.6 · Net income 226.1

Compound annual growth

Revenue

+4.6%

Net income

−1.5%

+5.4%

+3.5%

+4.4%

EPS, diluted

−8.1%

+3.1%

+4.6%

+6.3%

Dividend / share

+4.0%

+4.2%

+7.1%

+11.8%

Returned to shareholders

+42.6%

+0.5%

+0.4%

+15.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.6% a year over five years — but profit grew faster: net income at +5.4%, earnings per share at +3.1%.

The share count rose from 0.08B to 0.08B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

762 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 976.9% · Net 762.5%

ROE

FY2025 · ROE 7.5%

Gross margin—

Operating margin976.9%

Net margin762.5%

Return on assets0.8%

EBITDAUSD 299.4M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 182.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 208.2

Net buybacks $M Dividends $M

FY2025 · Dividends 84.6 · Net buybacks 98.0

Dividends paidUSD 84.6M

Net buybacksUSD 98.0M

Share of profit80.8%

Consecutive raises7 years

USD 84.6M in dividends and USD 98.0M in buybacks — 81% of the year's profit went back to shareholders.

Total assetsUSD 26.7B

EquityUSD 3.0B

CashUSD 657.3M

DepositsUSD 21.4B

Equity funds 11% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·	·	·	·	·	·	·	·	·	·
Operating income $B	0.3	0.3	0.3	0.3	0.2	0.2	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	·	·	·	·
EBITDA $B	0.3	0.4	0.3	0.4	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Income tax $B	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0
Net income $B	0.2	0.2	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.0	0.1
Free cash flow $B	0.2	0.4	0.2	0.3	0.3	0.1	0.2	0.2	0.2	0.2	0.1	0.1	0.2	0.1	0.3	0.2	0.2	0.1
EPS, diluted $	2.63	2.50	3.72	3.39	2.39	2.26	2.61	2.40	1.94	1.78	1.67	1.55	1.45	1.29	1.00	1.05	0.46	0.71
Dividend / sh $	1.07	1.03	0.99	0.95	0.91	0.87	0.79	0.67	0.84	0.55	0.54	0.41	0.36	0.32	0.24	0.20	0.20	0.84
Payout %	37	37	25	26	36	38	30	27	43	30	32	27	25	23	23	19	39	118
ROE %	7.5	7.4	11.0	10.7	8.9	8.6	10.4	10.2	8.7	8.3	8.2	8.0	7.9	7.3	5.9	6.6	3.1	4.7
Shares out B	0.08	0.08	0.06	0.07	0.07	0.08	0.08	0.08	0.09	0.09	0.09	0.10	0.10	0.11	0.11	0.11	0.11	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNASDAQ

Incorporated inWashington

Fiscal year endsSeptember 30

Data on record since2008