WAFD on Nasdaq

WaFd Bank

Logo: Washington Federal, Inc., Public domain, via Wikimedia Commons5

Seattle-based bank

WaFd Bank (formerly known as Washington Federal) is a regional bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$29.6MRevenue, fiscal 20256
$226.1MNet income, fiscal 20256
1917Founded1

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  • TickerWAFD on Nasdaq1
  • Industryeconomics of banking, financial sector, financial services1
  • HeadquartersSeattle1
  • Websitewww.wafdbank.com
  • Incorporated inWA7
  • Business address425 Pike Street, Seattle, Wa 981017
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation4
  • LEID38AC76TAMYI50NBPX334
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address425 Pike St, 98101 Seattle, United States4
  • Registered withFederal Deposit Insurance Corporation, 280884

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WaFd Bank Headquarters
Photo: Dclemens1971, CC BY 4.0, via Wikimedia Commons9

WaFd Bank (formerly known as Washington Federal) is a regional bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

762.5%Net margin6
7.8%Revenue growth, 20256
7.4%Return on equity6
$208.2MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax22¢$63.6M
  • Profit78¢$226.1M

Out of $29.6M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending12¢$28.7M
  • Dividends paid36¢$84.6M
  • Share buybacks43¢$101.9M
  • Kept or used elsewhere9¢$21.7M

Out of $237.0M of cash from operations.6

Financial statements

Revenue10111213146$29.6M in 2025+14% since 2018
0$10.0M$20.0M$30.0M2018: $25.9M$25.9M20182019: $24.9M$24.9M2019−4%2020: $23.7M$23.7M2020−5%2021: $24.7M$24.7M2021+4%2022: $25.9M$25.9M2022+5%2023: $26.1M$26.1M2023+0%2024: $27.5M$27.5M2024+6%2025: $29.6M$29.6M2025+8%
Net income10111213146$226.1M in 2025+11% since 2018
0$100.0M$200.0M$300.0M2018: $203.8M$203.8M20182019: $210.3M$210.3M2019+3%2020: $173.4M$173.4M2020−18%2021: $183.6M$183.6M2021+6%2022: $236.3M$236.3M2022+29%2023: $257.4M$257.4M2023+9%2024: $200.0M$200.0M2024−22%2025: $226.1M$226.1M2025+13%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-09-302024-09-302023-09-30
Loans receivable$1.1B$1.2B$900.1M
Mortgage-backed securities$103.1M$59.8M$43.2M
Investment securities and cash equivalents$116.4M$146.1M$99.7M
Total Income$1.3B$1.4B$1.0B
Customer accounts$604.7M$532.4M$237.2M
Borrowings, senior debt and junior subordinated debentures$80.5M$178.4M$115.5M
Total interest expense$685.2M$710.9M$352.7M
Net interest income$654.2M$660.8M$690.2M
Provision for credit losses$7.8M$17.5M$41.5M
Net interest income after provision$646.5M$643.3M$648.7M
Gain on sale of investment securities$20.0K$342.0K$33.0K
Gain (loss) on termination of hedging derivatives$158.0K$241.0K-$867.0K
Loan fee income$6.9M$2.7M$3.9M
Deposit fee income$29.6M$27.5M$26.1M
Other income$34.5M$29.9M$23.1M
Total non-interest income$71.2M$60.7M$52.2M
Compensation and benefits$222.1M$234.1M$196.5M
Occupancy$44.9M$42.0M$41.6M
FDIC insurance premiums$20.2M$28.9M$20.0M
Product delivery$25.9M$24.0M$21.0M
Information technology$60.1M$53.3M$49.4M
Other expense$54.2M$65.9M$47.5M
Total non-interest expense$427.5M$448.3M$376.0M
Gain (loss) on real estate owned, net-$627.0K$304.0K$176.0K
Income before income taxes$289.6M$256.1M$325.1M
Income tax expense$63.6M$56.0M$67.7M
Net income$226.1M$200.0M$257.4M
Dividends on preferred stock$14.6M$14.6M$14.6M
Net income available to common shareholders$211.4M$185.4M$242.8M
Basic earnings per share (in dollars per share)$2.64$2.50$3.72
Diluted earnings per share (in dollars per share)$2.63$2.50$3.72
Dividends paid on common stock per share (in dollars per share)$1.07$1.03$0.99
Basic weighted average number of common shares outstanding (in shares)80.2M shares74.2M shares65.2M shares
Diluted weighted average number of common shares outstanding (in shares)80.3M shares74.3M shares65.3M shares

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The story

The bank was founded on April 24, 1917 in Ballard, Washington as Ballard Savings and Loan by a group of businessmen. In 1958, it merged with Washington Federal Savings and Loan Association of Bothell. The bank took the name Washington Federal for "wider geographical acceptance".

The bank demutualized in 1982 and the present holding company structure was adopted in 1995.

In 2019, the bank was rebranded as WaFd Bank (pronounced Wah-Fed), a long-used nickname for the bank.

In January 2025, WaFd Bank announced it would exit mortgage lending after more than a century in the market, citing rising regulatory burdens and limited profitability, and refocus its business model on small business banking and commercial lending.

In September 2026, WaFd, Inc. announced an agreement to merge with EverBank Financial Corp. in a deal valued at approximately US$3.9 billion. The combined bank is expected to be led by Greg Seibly as chief executive officer and Brent Beardall as president, subject to completion of the transaction and regulatory approvals.

Acquisitions

Seattle Federal Savings and Loan, 1971

First Federal Savings and Loan Association, Mount Vernon, Washington, 1978

United First Federal, Boise, Idaho, 1987

Read the full text

Provident Federal Savings and Loan, Boise, 1987

Northwest Federal Savings and Loan, Boise, 1988

Freedom Federal Savings and Loan, Corvallis, Oregon, 1988

Family Federal Savings and Loan Association, Dallas, Oregon, 1990

First Federal Savings and Loan Association, Idaho Falls, Idaho, 1991

Metropolitan Savings Association, Portland and Eugene, Oregon, 1991

First Federal Savings Bank, Salt Lake City, 1993

West Coast Mutual Savings Bank, Centralia, Washington, 1996

Metropolitan Bancorp, Seattle, November 29, 1996

United Savings and Loan Bank (4 branches, based in Seattle) for $65 million in 2003. Founded on July 6, 1960, it was the first savings and loan owned by Asian Americans.

First Mutual Bank, Bellevue, Washington, 2008

Horizon Bank (18 branches), seized by the Federal Deposit Insurance Corporation after bank failure, Bellingham, Washington, 2010

Charter Bank, 6 branches, Albuquerque, New Mexico, 2011

South Valley Bancorp Inc., Klamath Falls, Oregon, 2012

51 branches from Bank of America in Washington, Oregon, Idaho, and New Mexico, 2013

23 branches from Bank of America in Arizona and Nevada, 2014

Luther Burbank Savings in California and Washington, March 2024.

From Wikipedia’s article on WaFd Bank, shared under CC BY-SA 4.0.8

Leadership

Who has led WaFd Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Roy M. Whitehead2006–2017
  2. Diane Lea Kelleher2014
  3. Brent J. Beardall2017–now

Chair

  1. Roy M. Whitehead2006–2017

President

  1. Roy M. Whitehead2006–2015
  2. Brent J. Beardall2016–now

Chief financial officer

  1. Brent J. Beardall2006–2016
  2. Angela Dawne Veksler2010
  3. Diane Lea Kelleher2014–2015
  4. Vincent L. Beatty2016–2022
  5. Kelli Holz2023–now

Chief operating officer

  1. Mark Alan Schoonover2014
197019801990200020102020
Board members and other officers (44)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorDavid M. Grant named Feb 28, 202370
  • DirectorRandy M. Talbot named Feb 28, 202370
  • DirectorStephen M. Graham named Feb 28, 202370
  • DirectorSteve M. Singh named Feb 28, 202370

Products and brands

  • retail banking

Listed on Wikidata.1

Former names

  • WASHINGTON FEDERAL INCSep 23, 1996 to Sep 28, 20237

Timeline

  1. Nov 1, 2017New chief executive Brent J. Beardall becomes CEO18
  2. Apr 23, 2014New chief executive Diane Lea Kelleher becomes CEO19
  3. Feb 14, 2006New chief executive Roy M. Whitehead becomes CEO20
  4. 1917Founded Founded1

Filings

370 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 112 major events, 163 insider forms, 22 large holders, 1 private raises, 52 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Sep 28, 2026DEFA14A EDGAR
  3. Sep 18, 2026DEFA14A EDGAR
  4. Sep 11, 2026DEFA14A EDGAR
  5. Sep 10, 2026DEFA14A EDGAR
  6. Sep 8, 2026DEFA14A EDGAR
  7. Sep 8, 2026DEFA14A EDGAR
  8. Sep 8, 2026DEFA14A EDGAR
  9. Sep 8, 2026DEFA14A EDGAR
  10. Sep 8, 2026DEFA14A EDGAR
  11. Sep 8, 2026DEFA14A EDGAR
  12. Sep 8, 20268-K EDGAR
  13. Aug 14, 2026SCHEDULE 13G EDGAR
  14. Aug 11, 20268-K EDGAR
  15. Aug 4, 202610-Q EDGAR
  16. Jul 28, 20268-K EDGAR
  17. Jul 17, 20268-K EDGAR
  18. Jul 6, 20268-K EDGAR
  19. Jun 18, 202611-K EDGAR
  20. May 12, 20268-K EDGAR

The 370 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 9 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 24, 2026Robison Kim EEVP & Chief Operations OfficerSale22,000$35.28$776.2KForm 4
Feb 6, 2026Cooper Cathy EEVP & Chief Consumer BankerSale5,300$33.77$179.0KForm 4
Dec 3, 2025BEARDALL BRENT JPresident & CEOBuy3,000$16.85$50.5KForm 4
Nov 26, 2025BEARDALL BRENT JPresident & CEOBuy3,000$16.55$49.6KForm 4
Sep 17, 2025Singleton SeanDirectorSale1,004$31.71$31.8KForm 4
Nov 4, 2024Mauer RyanEVP & Chief Credit OfficerSale12,132$33.33$404.4KForm 4
Nov 4, 2024Cooper Cathy EEVP & Chief Consumer BankerSale7,500$32.53$244.0KForm 4
May 21, 2024Cooper Cathy EEVP & Chief Consumer BankerSale14,000$28.52$399.3KForm 4
May 15, 2023GRANT DAVID KDirectorBuy5,000$13.72$68.6KForm 4
May 11, 2023GRANT DAVID KDirectorBuy15,000$13.35$200.2KForm 4
May 11, 2023Endrizzi JamesSVP & Regional DirectorBuy748$13.31$10.0KForm 4
May 11, 2023TALBOT RANDALL HDirectorBuy5,000$25.18$125.9KForm 4
May 11, 2023GRANT DAVID KDirectorBuy10,000$24.94$249.4KForm 4
Mar 13, 2023BEARDALL BRENT JPresident & CEOBuy1,600$30.20$48.3KForm 4
Mar 10, 2023TALBOT RANDALL HDirectorBuy3,500$31.10$108.8KForm 4
Jan 23, 2023Robison Kim EEVP & Chief Operations OfficerSale7,148$34.00$243.0KForm 4
Jan 19, 2023Robison Kim EEVP & Chief Operations OfficerSale1,311$34.09$44.7KForm 4
Jan 18, 2023Cooper Cathy EEVP & Chief Consumer BankerSale15,000$34.25$513.8KForm 4
Jan 18, 2023Robison Kim EEVP & Chief Operations OfficerSale5,230$34.91$182.6KForm 4
Feb 10, 2022Bice ShawnDirectorSale3,812$35.27$134.4KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 15, 2023Raised $11.7 million in a private offering of equity Form D: 6 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.10,774,309$413.4M0.0%−269,887
Dimensional Fund Advisors LP4,964,442$190.5M0.0%+18,918
Vanguard Portfolio Management LLC4,755,020$182.5M0.0%−65,525
State Street Corp4,345,763$166.7M0.0%+130,140
Vanguard Capital Management LLC3,324,356$127.6M0.0%−102,919
Fuller & Thaler Asset Management, Inc.3,142,312$120.6M0.3%−112,275
Alliancebernstein L.P.3,807,514$119.6M0.0%+232,940
American Century Companies Inc2,416,568$92.7M0.0%+206,221
Geode Capital Management, LLC1,987,447$76.3M0.0%+35,117
Systematic Financial Management LP1,558,139$59.8M1.2%+19,788
Ameriprise Financial Inc1,094,307$42.0M0.0%+243,460
Charles Schwab Investment Management Inc1,020,988$39.2M0.0%−37,778
Frontier Capital Management Co LLC951,677$36.5M0.3%−122,875
Bank Of America Corp /de/903,179$34.7M0.0%−2,684
Northern Trust Corp831,630$31.9M0.0%+46,033
D. E. Shaw & Co., Inc.790,567$30.3M0.0%+238,720
Goldman Sachs Group Inc759,092$29.1M0.0%+263,308
Morgan Stanley736,410$28.3M0.0%−42,160
Wells Fargo & Company/mn690,969$26.5M0.0%−73,173
Bank of New York Mellon Corp690,349$26.5M0.0%+14,515
Two Sigma Investments, LP566,391$21.7M0.0%+14,690
Millennium Management LLC556,257$21.3M0.0%+348,330
Bridgeway Capital Management, LLC538,077$20.6M0.4%+13,926
Hotchkis & Wiley Capital Management LLC533,521$20.5M0.1%+1,520
Victory Capital Management Inc521,358$20.0M0.0%+28,328

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+173.6%Report
Mar 6, 2019Donna Shalala, HouseBuy$1,001 - $15,000−180.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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