WAFD INC

WaFd, Inc. (NASDAQ: WAFD) operates as a bank holding company headquartered in Seattle, Washington, with its primary business conducted through its wholly-owned subsidiary WaFd Bank, a federally-insured Washington state chartered commercial bank. The company website is www.wafd.com.

Founded in 1917, WaFd Bank provides comprehensive lending, depository, insurance, and wealth management services to consumers, small and mid-sized businesses, and commercial real estate developers across nine western states. As of September 30, 2025, the company operated 208 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California, and Texas, serving customers through both traditional branch networks and digital channels including mobile banking applications.

The company's core business centers on its lending activities, with a net loan portfolio of approximately $20.1 billion representing 75.2 percent of total assets. The loan portfolio comprises commercial loans including multi-family residential, commercial real estate, commercial and industrial, construction, and land acquisition and development loans, which collectively represent 59.5 percent of gross loans. Consumer loans, including single-family residential mortgages, construction loans, and home equity lines of credit, comprise 40.5 percent of gross loans. In January 2025, the company announced its exit from originating consumer single-family home loans and home equity lines of credit, though existing consumer home loans remain a significant portfolio component.

Beyond traditional banking, WaFd operates through subsidiary companies including WaFd Insurance Group, Inc., which offers individual and business insurance policies, and WaFd Wealth, Inc., which provides personalized financial guidance and investment services. The company also owns Pike Street Labs, Inc., providing technology and data services.

As of September 30, 2025, WaFd employed 2,037 full and part-time employees. The company's principal sources of revenue derive from interest on loans and investments, while primary expenses include interest paid on deposits, credit costs, and general administrative expenses. The company has maintained profitable operations every year since going public in 1982 and has paid 170 consecutive quarterly cash dividends.