WaFd, Inc. (WAFD)

In October 2025, WaFd's stock fell due to Q4 earnings missing estimates and declining revenues, but edged up slightly in regular trading. In January 2025, WaFd exited residential mortgage lending, incurring a $5.4 million restructuring expense and job cuts, but expects $17 million in annual savings. In June 2024, WaFd sold $2.8 billion of multi-family commercial real estate loans to Bank of America, following the acquisition of Luther Burbank Corp and Luther Burbank Savings. WaFd also announced cash dividends and was approved for SBA Preferred Lender Status.

While specific seasonality details are not provided, the banking industry can experience seasonal fluctuations in loan demand influenced by economic cycles and consumer behavior. WaFd's shift away from mortgage lending suggests adaptation to broader industry trends. The company has noted "tepid" loan demand, indicating that overall economic conditions and interest rate environments play a more significant role than inherent seasonality.

WaFd, Inc. operates as the bank holding company for Washington Federal Bank, offering a range of financial services to individuals, small businesses, and commercial enterprises. Its products include deposit accounts, various loans, insurance brokerage services, and debit/credit cards. In January 2025, WaFd Bank exited mortgage lending to focus on small business banking and commercial lending.

WaFd, Inc. has a significant market presence across the Western United States, operating through 210 branches in nine states: Washington, Oregon, Idaho, Utah, Arizona, Nevada, California, New Mexico, and Texas. The company is headquartered in Seattle, Washington.

WaFd Bank has a strong brand reputation, achieving its highest net promoter score (NPS) of 57 in a customer survey in July 2023 and has been awarded "America's Best Big Bank" for three consecutive years. However, it received a "Needs to Improve" Community Reinvestment Act (CRA) rating, which it plans to appeal.

As of October 2025, institutional investors and hedge funds hold 83.71% of WaFd, Inc.'s stock, while insider ownership is 1.46%. Insiders have sold more stock than they have bought in the past three months. Davidson Investment Advisors increased its holdings by 8,732 shares in the last quarter.