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	Dec 31, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	1,207	1,166	900.07	601.59	537.66	545.71
Interest Income on Investments	223.33	205.86	142.89	64.77	53.95	75.56
Total Interest Income	1,430	1,372	1,043	666.36	591.61	621.27
Interest Paid on Deposits	597.91	532.43	237.23	43.04	42.31	100.31
Interest Paid on Borrowings	168.04	178.44	115.49	28.73	44.19	51.45
Total Interest Expense	765.96	710.88	352.72	71.77	86.5	151.76
Net Interest Income	664.03	660.83	690.23	594.59	505.11	469.51
Net Interest Income Growth (YoY)	0.66%	-4.26%	16.09%	17.71%	7.58%	-2.40%
Gain (Loss) on Sale of Investments	0.28	0.34	0.03	0.1	0.01	15.03
Other Non-Interest Income	34.2	32.84	26.12	40.33	49.65	62.05
Total Non-Interest Income	62.23	60.69	52.2	66.37	74.35	100.77
Non-Interest Income Growth (YoY)	18.88%	16.27%	-21.35%	-10.73%	-26.22%	61.70%
Revenues Before Loan Losses	726.25	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	708.75	704.02	700.94	657.96	578.96	548.53
Revenue Growth (YoY)	5.31%	0.44%	6.53%	13.65%	5.55%	0.64%
Salaries and Employee Benefits	235.5	224.97	188.62	187.11	169.73	141.13
Federal Deposit Insurance	27.15	28.87	20.03	9.53	14.37	10.94
Selling, General & Administrative	106.82	104.52	98.94	96.51	88.73	98.94
Other Non-Interest Expense	79.3	81.04	68.45	65.43	59.64	64.55
Total Non-Interest Expense	449.86	439.1	375.86	357.92	332.03	315.53
EBT Excluding Unusual Items	258.89	264.93	325.08	300.04	246.93	233
Other Unusual Items	-	-	-	-	-13.79	-13.81
Pretax Income	244.62	256.06	325.08	300.04	233.14	219.19
Income Tax Expense	55.76	56.02	67.65	63.71	49.52	45.75
Net Income	188.86	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	174.23	185.42	242.8	221.71	173.58	173.44
Net Income Growth	-20.10%	-22.29%	8.93%	28.71%	5.87%	-17.51%
Basic Shares Outstanding	78	74	65	65	73	77
Diluted Shares Outstanding	79	74	65	65	73	77
Shares Change (YoY)	20.91%	13.85%	-0.23%	-9.87%	-5.43%	-4.68%
EPS (Basic)	2.22	2.50	3.72	3.40	2.39	2.26
EPS (Diluted)	2.22	2.50	3.72	3.39	2.39	2.26
EPS Growth	-34.89%	-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	2.97%	4.00%	4.17%	4.35%	4.55%	7.32%
Effective Tax Rate	22.80%	21.88%	20.81%	21.23%	21.24%	20.87%

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