WaFd posted net income of USD 66.13 million for the quarter ended June 30, 2026, up 6.74% from a year earlier.
Net interest income rose 7.95% to USD 181.34 million; net interest margin widened 12 basis points to 2.81%.
Provision for credit losses more than doubled to USD 11 million, driven by C&I and construction growth and concerns on adversely classified loans.
Non-interest income climbed 32.31% to USD 24.18 million, helped by about USD 3.2 million of gains on bank real estate sales.
Non-interest expense increased 5.76% to USD 110.33 million on higher compensation and technology spending tied to merit increases and efficiency investment.
WAFD•
