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WaFd, Inc.

WAFD

Financial Services · 34.09 +0.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

Company+0.8% todayVolume comparison unavailable
Market group0 of 13 activeRegional Banks · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Financial Services · Banks - Regional

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods8
Price observations327
Usable filing statements50
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +7.8% year over year.
  • Net margin changed +35.2 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 8.0% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 1616% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

34.09
6m+11.2%12m+8.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-09-30$24.7M+4.2%$2.39-5.4%
2022-09-30$25.9M+5.1%$3.39-9.9%
2023-09-30$26.1M+0.4%$3.72-0.2%
2024-09-30$27.5M+5.6%$2.50+13.8%
2025-09-30$29.6M+7.8%$2.63+8.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
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
Demand and volumenegative · 2 filings
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
Macroeconomic conditionsmixed · 2 filings
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
Restructuring and cost reductionsnegative · 2 filings
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.

Scenario scaffold

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

34.09+0.8% today

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.