Trade WaFd Inc - WAFD CFD

Washington Federal Company profile

About Washington Federal Inc.

Washington Federal, Inc. is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. Washington Federal Bank has approximately 224 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. Through the Bank's subsidiaries, the Company is also engaged in insurance brokerage activities. The Bank offers various consumer checking account products, both interest bearing and non-interest bearing, and business checking accounts.

Financial summary

BRIEF: For the three months ended 31 December 2021, Washington Federal Inc. interest income increased 2% to $150.4M. Net interest income after loan loss provision increased 14% to $133.6M. Net income applicable to common stockholders increased 20% to $46.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 4% to 2.87%, Net Interest Spread, Total -% increase of 5% to 2.77%.

Equity composition

Common Stock $1 Par, 03/11, 300M auth., 129,796,749 issd., less 17,722,324 shs. in Treas. @ $219.6M. Insiders control 0.78% . Public Offering: NA. 3/92 3/90, 3-for-2 stock split; 2/05, 2/04, 2/03, 2/02, 2/01,2/99, 2/98, 2/97, 2/96, 1/94 & 2/93, 10% stock dividends.