“Non-Interest Expense - Non-interest expense was $110,334,000 for the three months ended June 30, 2026, an increase of $6,007,000 from $104,327,000 for the prior year quarter, largely a result of increased compensation and technology expenses, reflecting annua…”10-Q · Aug 4, 2026 ↗
WaFd, Inc.
WAFD
Market read
WaFd, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- WaFd's NIM rose to 2.77%, while management attributed lower interest-earning-asset yields to falling rates and related hedge and cash effects.
- Net interest margin reported at 2.76% (prior 2.47%); monitor NIM and net interest income for changes tied to rates and volume.
Invalidation: The isolated read changes if WAFD's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- WaFd's NIM rose to 2.77%, while management attributed lower interest-earning-asset yields to falling rates and related hedge and cash effects.
- Net interest margin reported at 2.76% (prior 2.47%); monitor NIM and net interest income for changes tied to rates and volume.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +7.8% year over year.
- Net margin changed +35.2 percentage points in the latest annual period.
- Diluted shares increased 8.0% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- EV/sales is 1616% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
34.09Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“In addition, the Bank was previously subject to two Consent Orders for violations of the reporting requirements under the Home Mortgage Disclosure Act (“HMDA”) which included a total of $234,000 in civil money penalties.”10-K · Nov 18, 2025 ↗
“In 2024 , the provision included the initial provision of $16,000,000 recorded on LBC loans acquired, as well as adjustments resulting from qualitative considerations such as prolonged and intensified borrower sensitivity to high interest rates and operating…”10-K · Nov 18, 2025 ↗
“Compensation and benefits costs decreased $12,002,000 or 5.1% year-over-year as a result of Merger- related retention, severance and change-in-control expenses booked in 2024 and $5,400,000 in restructuring costs arising from the shift in strategy and exit fr…”10-K · Nov 18, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 92.3× · EV/sales 70.1×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WAFD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for WAFD. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind WAFD
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WAFD is currently a Follower in the organic co-movement group Regional Banks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.