WaFd, Inc. (WAFD)

WaFd, Inc. Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	1,166	1,166	900.07	601.59	537.66	545.71
Interest Income on Investments	205.86	205.86	142.89	64.77	53.95	75.56
Total Interest Income	1,372	1,372	1,043	666.36	591.61	621.27
Interest Paid on Deposits	532.43	532.43	237.23	43.04	42.31	100.31
Interest Paid on Borrowings	178.44	178.44	115.49	28.73	44.19	51.45
Total Interest Expense	710.88	710.88	352.72	71.77	86.5	151.76
Net Interest Income	660.83	660.83	690.23	594.59	505.11	469.51
Net Interest Income Growth (YoY)	-4.26%	-4.26%	16.09%	17.71%	7.58%	-2.40%
Gain (Loss) on Sale of Investments	0.34	0.34	0.03	0.1	0.01	15.03
Other Non-Interest Income	32.84	32.84	26.12	40.33	49.65	62.05
Total Non-Interest Income	60.69	60.69	52.2	66.37	74.35	100.77
Non-Interest Income Growth (YoY)	16.27%	16.27%	-21.35%	-10.73%	-26.22%	61.70%
Revenues Before Loan Losses	721.52	721.52	742.44	660.96	579.46	570.28
Provision for Loan Losses	17.5	17.5	41.5	3	0.5	21.75
Revenue	704.02	704.02	700.94	657.96	578.96	548.53
Revenue Growth (YoY)	0.44%	0.44%	6.53%	13.65%	5.55%	0.64%
Salaries and Employee Benefits	224.97	224.97	188.62	187.11	169.73	141.13
Federal Deposit Insurance	28.87	28.87	20.03	9.53	14.37	10.94
Selling, General & Administrative	104.52	104.52	98.94	96.51	88.73	98.94
Other Non-Interest Expense	81.04	81.04	68.45	65.43	59.64	64.55
Total Non-Interest Expense	439.1	439.1	375.86	357.92	332.03	315.53
EBT Excluding Unusual Items	264.93	264.93	325.08	300.04	246.93	233
Other Unusual Items	-	-	-	-	-13.79	-13.81
Pretax Income	256.06	256.06	325.08	300.04	233.14	219.19
Income Tax Expense	56.02	56.02	67.65	63.71	49.52	45.75
Net Income	200.04	200.04	257.43	236.33	183.62	173.44
Preferred Dividends & Other Adjustments	14.63	14.63	14.63	14.63	10.03	-
Net Income to Common	185.42	185.42	242.8	221.71	173.58	173.44
Net Income Growth	-22.29%	-22.29%	8.93%	28.71%	5.87%	-17.51%
Basic Shares Outstanding	74	74	65	65	73	77
Diluted Shares Outstanding	74	74	65	65	73	77
Shares Change (YoY)	13.85%	13.85%	-0.23%	-9.87%	-5.43%	-4.68%
EPS (Basic)	2.50	2.50	3.72	3.40	2.39	2.26
EPS (Diluted)	2.50	2.50	3.72	3.39	2.39	2.26
EPS Growth	-32.87%	-32.87%	9.73%	41.84%	5.75%	-13.41%
Dividend Per Share	1.040	1.040	1.000	0.960	0.920	0.880
Dividend Growth	4.00%	4.00%	4.17%	4.35%	4.55%	7.32%
Effective Tax Rate	21.88%	21.88%	20.81%	21.23%	21.24%	20.87%

Source: S&P Capital IQ. Banks template. Financial Sources.