NasdaqGS:WAFDBanks
Why WaFd (WAFD) Is Up 7.7% After Beating Earnings And Returning To Loan Growth – And What's Next
In the past quarter, WaFd, Inc. reported adjusted earnings of US$0.83 per share, topping analyst estimates as higher net interest and non-interest income offset pressures from lower loans and deposits, rising expenses, and softer credit quality, while the bank also repurchased 2.74 million shares.
At the same time, WaFd posted its first quarter of net loan growth in over a year, driven by a strong rebound in its actively managed commercial and industrial portfolio, aligning with its Build...