WAFD WaFd (WAFD) Q3 FY26 earnings call
WaFd delivered a strong quarter driven by robust growth in its active loan portfolio and improved operating efficiency. Despite facing headwinds in deposit gathering and an elevated interest rate environment, the bank maintained a solid capital position and is strategically focused on expanding its business banking segment and low-cost deposits. Management remains disciplined in capital allocation and M&A, prioritizing organic growth and shareholder returns.
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WAFD operating KPIs by quarter
| KPI | This call Jun 2026 Q3 FY26 | Sep 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|
| Net interest margin | 2.81%As a result, the net interest margin held steady at 2.81%, no change from the March 31 quarter.Source: earnings call transcript | 2.81%As a result, the net interest margin held steady at 2.81%, no change from the June 30, 2026 quarter.Source: earnings call transcript | 0 pt |
| Efficiency ratio | 53.7%The company's efficiency ratio for the June quarter was 53.7% compared to 55.7% in the prior quarter.Source: earnings call transcript | 55.12%The company's efficiency ratio for the September quarter was 55.12% compared to 53.7% in the prior quarter.Source: earnings call transcript | +1.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.