WaFd, Inc. faces current challenges with high deposit beta, a heavy reliance on time deposits, and a high loan/deposit ratio.

The decision, announced with the bank's fiscal first quarter 2025 earnings report, will result in layoffs to 8% of the bank's ...

Our aim is to always offer products and services to our customers where WaFd Bank can add value, and we have concluded that ...

Seattle-based WaFd Bank announced Thursday in an earnings report that it will exit the single-family mortgage lending ...

Commoditization of mortgages, plus technology that eases the refinance process and the regulatory environment, all ...

Analysts at DA Davidson issued their Q2 2025 EPS estimates for WaFd in a research report issued to clients and investors on ...

The Seattle-based bank will close up shop on originations by mid-March, concluding more than 100 years in the industry.

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Looking ahead, ...

SEATTLE (AP) — SEATTLE (AP) — WaFd, Inc (WAFD) on Thursday reported fiscal first-quarter net income of $47.3 million. The bank, based in Seattle, said it had earnings of 54 cents per share. Earnings, ...

The exit from mortgage lending and right sizing other support areas will result in an 8% reduction in workforce, the company said. WaFd also said it recorded a restructuring expense of $5.4 million ...