WaFd Inc
wafdbank.comWhat Do They Do?
Accepts deposits and makes loans to consumers, businesses, and commercial real estate owners and developers; also provides insurance brokerage and wealth-management services.
10-K for FY2025, filed Nov 18, 2025WaFd Bank, a federally-insured Washington state chartered commercial bank formerly known as Washington Federal Bank (the "Bank" or "WaFd…View ↗
The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various…View ↗
Texas. The Bank delivers its financial products and services to customers through both its branch network and digital channels, including…View ↗
How Do They Make Money?
Earns interest on loans and investments; it also collects account and transaction fees when services are provided, card fees as transactions are processed, and insurer commissions on policies sold.
10-K for FY2025, filed Nov 18, 2025The principal sources of funds for the Company's activities are retained earnings, loan repayments, net deposit inflows, borrowings and…View ↗
Deposit related and other service charges (recognized in Deposit Fee Income): The Company's deposit accounts are governed by standardized…View ↗
Debit and credit card interchange fees (recognized in Deposit Fee Income): The Company receives interchange fees from the debit card and…View ↗
Bank that operates as an insurance agency, selling and marketing property and casualty insurance policies for a small number of…View ↗
$29.7M
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10-K for FY2025, filed Nov 18, 2025
$29.7M ↗
Who Are Their Customers?
Customers use the Bank’s branch network, website and mobile banking application to access its financial products and services.
10-K for FY2025, filed Nov 18, 2025States government and agency obligations and other investments permitted by applicable laws and regulations. As of September 30, 2025, WaFd…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 702 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 20% in 4 years, from $24.7M in FY2021 to $29.7M in FY2025, about 5% a year.
Consumer home lending
The latest report says the Bank will no longer originate consumer single-family home loans and home equity lines; the older report describes originating both.
10-K for FY2022, filed Nov 18, 2022 10-K for FY2025, filed Nov 18, 2025January, 2025, the Bank announced it will no longer originate consumer single family home loans and home equity lines of credit.View ↗
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