Key Points – WaFd posted stronger fiscal Q3 earnings with net income of $62.5 million, or $0.84 per diluted share, up from $0.73 a year earlier.
The improvement was driven by modestly higher net interest income and non-interest income, along with controlled expenses. – Loan growth returned for a second straight quarter, with active portfolios up 10% sequentially and C&I lending leading the way
Loan growth outpaced repayments, even as deposit competition remained intense and total deposits fell by $192 million. – Credit quality showed some pressure but remained manageable, as criticized loans rose to 4.9% of net loans and the bank booked an $11 million provision for credit losses. WaFd also highlighted strong capital levels and said it remains disciplined on buybacks and M&A while pursuing its Build 2030 deposit and business-lending goals. WaFd (NASDAQ:WAFD) reported higher fiscal third-quarter earnings as loan growth resumed across its active portfolios, expenses remained stable and credit costs increased amid continued pressure from elevated interest rates and economic uncertainty.
The Seattle-based bank reported net income available to common shareholders of $62.5 million, or $0.84 per diluted share, for the quarter ended June 30, 2026. That compared with $0.73 per share in the same quarter a year earlier and $0.82 per share in the linked March quarter, Chief Financial Officer Kelli Holz said on the company’s earnings call. Holz said the sequential increase in earnings per share reflected “a modest increase in net interest income and non-interest income, as well as controlled expenses,” partly offset by a higher loan loss provision.