WAFD INC (WAFD) FY2025 10-K Annual Report
WAFD INC (WAFD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 18, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
WAFD INC FY2025 10-K Analysis
Business Overview
- • Core business model: Commercial bank offering lending, deposit, insurance, and wealth management services across nine western states
- • Merger completion with Luther Burbank Corporation in March 2024 adds $7.7B assets and 10 California branches, expanding geographic footprint
- • Strategic exit from originating consumer single-family home loans and HELOCs effective January 2025, maintaining existing loan portfolio
- • Loan portfolio contracts 4% to $20.1B with 75.2% of assets in loans; commercial multi-family loans rise to 22.2% of portfolio
- • Stock delivers 14,253% total shareholder return over 43 years with 170 consecutive quarterly dividends since 1982 listing
Risk Factors
- • Regulatory risk: Increasing scrutiny from SEC on cybersecurity disclosure and incident reporting requirements
- • Macroeconomic threat: Potential operational impact from economic downturn affecting loan demand and credit risk
- • Operational vulnerability: Dependency on Chief Information Security Officer and team for cybersecurity incident prevention and response
- • Competitive risk: Emergence of fintech firms leveraging advanced cloud security technologies impacting market share
- • Financial risk: Concentration of technology risk oversight among four Board members with tech expertise
WAFD INC FY2025 Key Financial MetricsXBRL
Revenue
$30M
▲ +7.8% YoY
Net Income
$226M
▲ +13.0% YoY
Net Margin
762.5%
▲ +3522bp YoY
ROE
7.4%
▲ +77bp YoY
Total Assets
$26.7B
▼ -4.8% YoY
EPS (Diluted)
$2.63
▲ +5.2% YoY
Operating Cash Flow
$237M
▼ -46.1% YoY
Source: XBRL data from WAFD INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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