WaFd, Inc. (WAFD)

WaFd, Inc. announced solid Q2 2026 earnings with a net income of $65.5 million. The company reported Q1 CY2026 results, beating revenue expectations, but the stock declined following the announcement. WaFd, Inc. has been actively repurchasing shares and maintaining a consistent quarterly dividend of $0.27 per share. The share price increased by 19.14% over the past six months. WaFd Bank was named the Official Banking Partner of the Network of Giving Foundation, and Erin Hill was appointed to its Board of Directors.

The provided information does not explicitly detail specific seasonal patterns for WaFd, Inc.'s products and services. Demand for loans is influenced by economic cycles and interest rates. The exit from mortgage lending indicates a move away from products potentially more susceptible to seasonal patterns. The current focus on commercial real estate, owner-occupied commercial & industrial (C&I), and small business banking suggests that demand for these services is likely more tied to economic conditions and business development cycles than to calendar seasons.

WaFd, Inc. is a bank holding company operating through WaFd Bank, offering lending, depository, insurance, and banking services. Its products include various loans and deposit accounts, along with wealth management and insurance services. In January 2025, WaFd Bank exited the mortgage origination business to focus on small business and commercial lending.

WaFd, Inc. operates across nine western states, maintaining approximately 190 to 210 branches. It has a strong market presence in the Pacific Northwest and is expanding in Southwestern markets. The acquisition of Luther Burbank Corporation in March 2024 significantly increased its presence in California.

WaFd, Inc. has maintained a reputation for profitability and disciplined balance-sheet management. The company emphasizes a "relationship-first model" and its long-standing mortgage heritage. Positive events include being named the Official Banking Partner of the Network of Giving Foundation. WaFd, Inc. communicates its dedication to serving customers, strengthening communities, and delivering value to shareholders, and has increased its support for affordable housing, small business lending, and financial literacy programs. The company's "Build 2030" strategic plan is aimed at improving customer experience and operational efficiency.

WaFd, Inc.'s ownership is predominantly held by institutional investors, who collectively own 85.1% of the outstanding shares. Individual insiders hold a smaller stake of 1.17%, with CEO Brent Beardall making share purchases in November and December 2025. The general public holds 13.7% of the shares.