Short answer
WAFD INC (WAFD) filed its fiscal 2025 10-K annual report with the SEC on Nov 18, 2025. It reported revenue of $30M (+7.8% year over year) and net income of $226M.
- Top risk flagged: Regulatory risk: Increasing scrutiny from SEC on cybersecurity disclosure and incident reporting requirements
FY2025 key financial metrics · XBRL
- Revenue
- $30M
- +7.8% YoY
- Net income
- $226M
- +13.0% YoY
- EPS (diluted)
- $2.63
- +5.2% YoY
- ROE
- 7.4%
- +0.8 pp YoY
- Operating cash flow
- $237M
- −46.1% YoY
Source: XBRL data from the WAFD INC (WAFD) FY2025 10-K on SEC EDGAR. USD.
WAFD INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.