WaFd FY26 Q3 net income rises 6.74% to $66.13 million; net interest margin widens 12 basis points to 2.81%
Reuters2026/08/04 17:58Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- WaFd posted net income of USD 66.13 million for the quarter ended June 30, 2026, up 6.74% from a year earlier.
- Net interest income rose 7.95% to USD 181.34 million; net interest margin widened 12 basis points to 2.81%.
- Provision for credit losses more than doubled to USD 11 million, driven by C&I and construction growth and concerns on adversely classified loans.
- Non-interest income climbed 32.31% to USD 24.18 million, helped by about USD 3.2 million of gains on bank real estate sales.
- Non-interest expense increased 5.76% to USD 110.33 million on higher compensation and technology spending tied to merit increases and efficiency investment.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WaFd Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000936528-26-000061), on August 04, 2026, and is solely responsible for the information contained therein.
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