WaFd Management

Management criteria checks 2/4

WaFd's CEO is Brent Beardall, appointed in Jul 2016, has a tenure of 7.83 years. total yearly compensation is $6.31M, comprised of 15.5% salary and 84.5% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth €10.73M. The average tenure of the management team and the board of directors is 6.3 years and 4.8 years respectively.

Key information

Brent Beardall

Chief executive officer

US$6.3m

Total compensation

CEO salary percentage	15.5%
CEO tenure	7.8yrs
CEO ownership	0.5%
Management average tenure	6.3yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brent Beardall's remuneration changed compared to WaFd's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$172m
Dec 31 2023	n/a	n/a	US$222m
Sep 30 2023	US$6m	US$975k	US$243m
Jun 30 2023	n/a	n/a	US$266m
Mar 31 2023	n/a	n/a	US$268m
Dec 31 2022	n/a	n/a	US$251m
Sep 30 2022	US$4m	US$875k	US$222m
Jun 30 2022	n/a	n/a	US$201m
Mar 31 2022	n/a	n/a	US$185m
Dec 31 2021	n/a	n/a	US$181m
Sep 30 2021	US$3m	US$775k	US$174m
Jun 30 2021	n/a	n/a	US$159m
Mar 31 2021	n/a	n/a	US$150m
Dec 31 2020	n/a	n/a	US$145m
Sep 30 2020	US$2m	US$700k	US$173m
Jun 30 2020	n/a	n/a	US$191m
Mar 31 2020	n/a	n/a	US$210m
Dec 31 2019	n/a	n/a	US$225m
Sep 30 2019	US$2m	US$675k	US$210m
Jun 30 2019	n/a	n/a	US$209m
Mar 31 2019	n/a	n/a	US$207m
Dec 31 2018	n/a	n/a	US$205m
Sep 30 2018	US$2m	US$564k	US$204m
Jun 30 2018	n/a	n/a	US$198m
Mar 31 2018	n/a	n/a	US$191m
Dec 31 2017	n/a	n/a	US$184m
Sep 30 2017	US$2m	US$441k	US$174m

Compensation vs Market: Brent's total compensation ($USD6.31M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Brent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Brent Beardall (52 yo)

7.8yrs

Tenure

US$6,308,674

Compensation

Mr. Brent J. Beardall, CPA, has been the Chief Executive Officer of WaFd, Inc (formerly known as Washington Federal, Inc.) since April 1, 2017 and has been its President since July 26, 2016 and serves as i...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brent Beardall	President	7.8yrs	US$6.31m	0.50% $ 10.7m
Kelli Holz	Executive VP & CFO	1.3yrs	US$2.43m	0.052% $ 1.1m
Kim Robison	Executive VP & COO	7.1yrs	US$2.68m	0.078% $ 1.7m
Ryan Mauer	Executive VP & Chief Credit Officer	4.6yrs	US$2.83m	0.074% $ 1.6m
James Endrizzi	Executive VP & Chief Commercial Banker	8.7yrs	US$3.19m	0.068% $ 1.5m
Cathy Cooper	Executive VP	5.6yrs	US$2.23m	0.096% $ 2.1m
Blayne Sanden	Senior VP & Principal Accounting Officer	1.2yrs	no data	0.0051% $ 110.4k
Jim Motz	Chief Information Officer & Executive VP	no data	no data	no data
Brad Goode	Chief of Communications	7.7yrs	no data	no data
Lisa King	Senior Vice President of Human Resources	no data	no data	no data
Keith Taylor	Senior Vice President of Corporate Real Estate and Treasurer	no data	no data	no data
Robert Zirk	Senior VP & Controller	no data	no data	no data

6.3yrs

Average Tenure

52yo

Average Age

Experienced Management: WAO's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brent Beardall	President	7.1yrs	US$6.31m	0.50% $ 10.7m
Randall Talbot	Independent Director	11.8yrs	US$156.02k	0.074% $ 1.6m
Sudhir Singh	Independent Director	5.8yrs	US$177.51k	0.020% $ 430.5k
Bradley Shuster	Director	less than a year	no data	0.023% $ 487.9k
David Grant	Independent Director	11.7yrs	US$158.02k	0.075% $ 1.6m
W. Harris	Director Emeritus	no data	US$19.50k	no data
Mario Yzaguirre	Director	less than a year	no data	0.0040% $ 85.8k
Stephen Graham	Independent Chairman	5.1yrs	US$216.26k	0.019% $ 402.5k
Linda Brower	Independent Director	4.8yrs	US$177.51k	0.088% $ 1.9m
R. Bice	Independent Director	2.8yrs	US$151.02k	0.0075% $ 161.6k
Sean Singleton	Independent Director	2.8yrs	US$151.02k	0.0098% $ 211.5k
Sylvia Hampel	Independent Director	2.8yrs	US$177.51k	0.012% $ 267.8k

4.8yrs

Average Tenure

65yo

Average Age

Experienced Board: WAO's board of directors are considered experienced (4.8 years average tenure).

WaFd Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

WaFd and WaFd Bank Appoints Bradley M. Shuster and M. Max Yzaguirre to Serve as Directors

WaFd, Inc and Washington Federal Bank Announces Board Appointments

Independent Director recently bought €115k worth of stock

Washington Federal, Inc. Announces Not Stand for Reelection of Mark Tabbutt as Director

Independent Director recently bought €102k worth of stock

Recent updates

Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.95 in 2Q 2023)

High number of new directors

New minor risk - Shareholder dilution

WaFd and WaFd Bank Appoints Bradley M. Shuster and M. Max Yzaguirre to Serve as Directors

First quarter dividend of US$0.26 announced

WaFd, Inc. Announces Quarterly Cash Dividend, Payable on March 8, 2024

WaFd, Inc and Washington Federal Bank Announces Board Appointments

First quarter 2024 earnings released: EPS: US$0.85 (vs US$1.16 in 1Q 2023)

Full year 2023 earnings released: EPS: US$3.72 (vs US$3.40 in FY 2022)

WaFd, Inc Announces Regular Quarterly Cash Dividend, Payable on December 8, 2023

Full year 2023 earnings released: EPS: US$3.72 (vs US$3.40 in FY 2022)

Washington Federal, Inc. Announces Quarterly Cash Dividend, Payable on September 8, 2023

Third quarter 2023 earnings released: EPS: US$0.89 (vs US$0.91 in 3Q 2022)

Independent Director recently bought €115k worth of stock

Washington Federal, Inc. Announces Not Stand for Reelection of Mark Tabbutt as Director

Washington Federal, Inc. Announces Quarterly Cash Dividend, Payable on June 2, 2023

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.70 in 2Q 2022)

Independent Director recently bought €102k worth of stock

Washington Federal, Inc. Announces Quarterly Cash Dividend, Payable on March 10, 2023

Washington Federal, Inc. and Washington Federal Bank President Brent Beardall Expected to Return Soon to Full-Time Duties from February 13, 2023

Chief Consumer Banker recently sold €475k worth of stock

First quarter 2023 earnings released: EPS: US$1.16 (vs US$0.71 in 1Q 2022)

Washington Federal, Inc. Announces CEO Changes

Full year 2022 earnings released: EPS: US$3.40 (vs US$2.39 in FY 2021)

Washington Federal, Inc. Announces Cash Dividend, Payable on December 2, 2022

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: US$3.40 (vs US$2.39 in FY 2021)

WaFd Bank Promotes Banker Dan LaCoste to Regional President for Southern Oregon

Washington Federal, Inc. Promotes Kelli Holz to Chief Financial Officer

Washington Federal, Inc. Announces Quarterly Cash Dividend, Payable on September 2, 2022

Third quarter 2022 earnings released: EPS: US$0.91 (vs US$0.61 in 3Q 2021)

High number of new directors

Upcoming dividend of US$0.24 per share

Washington Federal, Inc. Announces Regular Quarterly Cash Dividend, Paid June 3, 2022

Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.56 in 2Q 2021)

Washington Federal, Inc. Promotes Todd Gerber to Lead the Bank in Arizona

High number of new directors

Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.56 in 2Q 2021)

Washington Federal, Inc. Promotes Banking Veteran Doron Joseph to Regional President for Nevada

Executive VP & CFO recently sold €498k worth of stock

Independent Chairman of the Board recently sold €556k worth of stock

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings released: EPS US$2.39 (vs US$2.26 in FY 2020)

Full year 2021 earnings released: EPS US$2.39 (vs US$2.26 in FY 2020)

High number of new directors

Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.46 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.56 (vs US$0.47 in 2Q 2020)

Washington Federal, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 21, 2021

Second quarter 2021 earnings released: EPS US$0.56 (vs US$0.49 in 2Q 2020)

New 90-day high: €25.20

New 90-day high: €24.80

First quarter 2021 earnings released: EPS US$0.51 (vs US$0.84 in 1Q 2020)

Revenue beats expectations

Revenue beats expectations

Revenue beats expectations

Revenue beats expectations

Revenue beats expectations

First quarter 2021 earnings released: EPS US$0.51

New 90-day high: €22.20

Revenue beats expectations

Full year 2020 earnings released: EPS US$2.26

New 90-day high: €21.00

Full year earnings released - EPS €2.26

Annual earnings released: Revenue beats expectations

New 90-day low - €18.80

Third quarter earnings released

New 90-day low - €19.80

CEO Compensation Analysis

CEO