NASDAQ$WAFD

WaFd Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced quarterly earnings with an increase compared to the same quarter last year.

Washington Federal announced quarterly earnings of $49,359,000 for the quarter ended March 31, 2022, an increase of 10.0% from $44,871,000 for the quarter ended March 31, 2021. Net income available to common shareholders was $0.70 per diluted share, compared to $0.56 per diluted share for the quarter ended March 31, 2021.

  • Quarterly earnings increased by 10.0% compared to the same quarter last year.
  • Net loans grew by $2 billion, or 16%, in the last year.
  • Customer deposits increased by $1.6 billion, or 11%, over the last year.
  • Net interest margin improved and credit quality continued to improve.

Headline financials

Total Revenue

$151M

Previous: $139M+8.8%
EPS (adj)

$0.70

Previous: $0.56+25.0%
Net Interest Margin

2.9%

No prior period
Non-perf. Assets to Assets

0.2%

No prior period
Return on Avg. Assets

1.0%

Previous: 0.9%+5.4%
Efficiency Ratio

58.6%

Previous: 59.0%-0.6%
ROACE

9.8%

Previous: 8.2%+20.0%
Free Cash Flow

$49.4M

Previous: $44.9M+10.0%
Net Income

$49.4M

Previous: $44.9M+10.0%
Operating Income

$118M

Previous: $102M+15.7%
Gross Profit

$150M

Previous: $139M+8.5%
Cash & Equivalents

$1.95B

Previous: $2.32B-16.0%
Total Assets

$20.6B

Previous: $19.5B+5.3%
Stock-Based Comp

$2.46M

Previous: $2.08M+18.2%

Revenue & EPS history

WaFd · Revenue · Quarterly

$151M

Q2 2022+8.8%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WaFd · $13.9M total across 3 segments · Q1 2021

  • Deposit Fee Income
    $6.03M
  • Other Income
    $5.45M
  • Loan Fee Income
    $2.39M

Forward guidance

The Company is optimistic that it is well positioned to withstand potential market volatility and continue its organic growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.2%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+9.9%

Q4 2022

Best reaction

-5.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.4%+7.8%+5.5%
Q1 2026-4.0%-1.8%-7.9%
Q4 2025+0.9%+4.6%+9.8%
Q3 2025-1.6%-1.3%+0.6%
Q2 2025+0.1%+1.3%+0.9%
Q1 2025-5.7%-6.9%-7.2%
Q4 2024-1.6%-7.7%+0.5%
Q3 2024+7.8%+9.1%+8.6%
Q2 2024+2.5%+0.0%+2.9%
Q1 2024-5.7%-3.5%-5.1%
Q4 2023-3.3%-5.5%+5.4%
Q3 2023+2.0%+9.6%+8.5%
Q2 2023-2.4%-0.1%-14.0%
Q1 2023+4.5%+3.5%+2.8%
Q4 2022+9.9%+17.9%+19.7%
Q3 2022+1.1%+5.0%+15.6%
Q2 2022+1.8%+3.1%-0.7%
Q1 2022+3.5%+3.2%-1.9%
Q4 2021+3.7%+2.6%+2.6%
Q3 2021+0.5%+1.9%+7.2%
Q2 2021+1.1%+5.2%+6.5%
Q1 2021+1.3%+2.6%+6.7%
Q4 2020-0.8%-3.7%+5.6%
Q3 2020-0.5%-6.7%-3.9%
Q2 2020-0.6%+1.3%+1.5%
Q1 2020+0.2%-0.1%-2.1%
Q4 2019-2.2%-1.5%+0.5%
Q3 2019+0.5%+1.1%-1.9%
Q2 2019+4.3%+6.2%+3.6%
Q1 2019+2.2%+6.2%+6.6%
Q4 2018+0.6%-0.9%-5.7%
Q3 2018+1.4%+3.6%+5.5%
Q2 2018-4.7%-4.2%-5.3%
Q1 2018+2.9%+4.9%+2.1%
Q4 2017+2.6%+2.6%-1.3%
Q3 2017+0.6%+1.1%-4.7%
Q2 2017+1.5%+1.4%-1.1%
Q1 2017-2.5%-1.8%+1.0%
Q4 2016+2.2%+2.5%+18.4%
Q3 2016-0.4%-1.3%+0.5%
Q2 2016+2.6%
Q1 2016-1.9%
Q4 2015+4.2%
Q3 2015-0.5%
Q2 2015+2.6%
Q4 2014-4.5%
Q1 2015-4.5%
Q3 2014-1.7%
Q2 2014-2.4%
Q1 2014-2.5%
Q4 2013+5.2%
Q3 2013+6.9%
Q2 2013-2.5%
Q1 2013+0.5%
Q4 2012+3.1%
Q3 2012-3.4%
Q2 2012-0.2%
Q1 2012+3.4%
Q4 2011-2.9%
Q3 2011+0.6%
Q4 2010+0.6%
Q2 2011-0.2%
Q1 2010-0.5%
Q1 2011-0.6%
Q2 2010-1.2%
Q4 2008-1.2%
Q3 2009-3.6%
Q4 2009-3.6%
Q3 2010-3.6%

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