WaFd reports FY2026 earnings surge and announces merger with EverBank
WaFd, Inc. posted fiscal‑year 2026 net income of $255.9 million, a 13% rise year‑over‑year, and diluted EPS of $3.21, up 22%. The fourth‑quarter delivered $60 million of net income and EPS of $0.76, missing estimates. The bank disclosed a pending merger with EverBank and highlighted loan‑sale activity that reduced net loans to $19.04 billion. Management said the merger and credit‑quality improvements should drive future growth.
Why it matters
The company expects the EverBank merger to boost earnings growth. Investors will see higher earnings per share and a shift in the balance sheet as loan sales lower loan balances while assets rise to $27.2 billion.
Key facts
- 1Fiscal‑year 2026 net income was $255,865,000. tradingview.com
- 2Diluted earnings per common share for FY2026 were $3.21, a 22% increase versus the prior year. tradingview.com
- 3Q4 2026 net income was $59,991,000 and diluted EPS was $0.76. tradingview.com
- 4Total assets increased to $27.2 billion as of September 30, 2026. tradingview.com
- 5Total deposits were $21.3 billion. quiverquant.com
- 6The bank sold $543 million of single‑family residential loans in Q4 and agreed to sell $429 million of multifamily loans in early FY2027. finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.