Company Overview
WaFd, Inc. operates as the bank holding company for Washington Federal Bank, delivering a comprehensive suite of lending, depository, insurance, and other banking services across the United States. The company functions within the Financial Services sector, specifically classified under the Banks - Regional industry, positioning it as a specialized financial institution serving localized markets rather than a national conglomerate. With a reported employee count of 1,979, the organization maintains a significant operational footprint while managing an annual revenue of $734.47 million. Although the market cap is listed as N/A, the combination of its $734.47 million in revenue and nearly 2,000 employees suggests a substantial regional presence with a solidified operational scale that supports its diverse product offerings.
Financial Health
WaFd, Inc. reported revenue of $734.47 million and net income of $228.37 million over the trailing twelve months, while the EBITDA metric is not available in the current data. The substantial gap between the total revenue of $734.47 million and the net income of $228.37 million reveals a cost structure where non-interest expenses, such as salaries and overhead, consume a significant portion of top-line growth before reaching the bottom line. Regarding cash flow, the specific figure for free cash flow is not disclosed, which limits the ability to quantify immediate financial flexibility for capital allocation. The company holds $767.08 million in cash against $2.56 billion in debt, creating a leverage profile where liabilities significantly exceed liquid assets on a gross basis. Profitability analysis shows a gross margin of 0.0%, an operating margin of 46.6%, and a profit margin of 33.1%; the zero gross margin is characteristic of banking operations where the primary cost of funds is interest-bearing debt, while the high operating and profit margins indicate strong control over operational costs relative to revenue. The current ratio is not provided, preventing a direct assessment of short-term liquidity relative to short-term obligations. Management effectiveness is highlighted by a return on equity of 8.0% and a return on assets of 0.9%, metrics that demonstrate the efficiency of deploying shareholder capital and utilizing the asset base to generate profits.
Valuation Assessment
The trailing twelve-month P/E ratio stands at 6.06, whereas the forward P/E ratio is not available, implying that market expectations for future earnings growth are either not priced in or cannot be quantified with a standard forward multiple at this time. The price-to-book ratio is 0.46, indicating that the market values the company at less than half of its tangible book value, which suggests a deep discount relative to the net assets recorded on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio and EV/EBITDA are both listed as N/A, meaning these specific valuation lenses cannot be applied to compare the stock against peers using those specific multiples. The stock has traded between a 52-week low of $15.25 and a 52-week high of $17.49, and without a specific current share price provided in the facts, the exact percentage distance from these bounds cannot be calculated, though the range indicates a relatively tight trading band of roughly 2.24 dollars. The beta value of 0.85 suggests that the stock price is less volatile than the broader market, moving with a dampened sensitivity to general market fluctuations compared to an index beta of 1.0.
Growth & Income
Revenue growth year-over-year is 9.8%, while earnings growth year-over-year is 46.6%, indicating that profitability is expanding at a rate nearly five times faster than the top line. This divergence implies that the company is successfully passing on costs or leveraging its existing asset base more efficiently, allowing net income to accelerate significantly as revenue grows. The dividend yield is 7.3%, providing a substantial income component to the total return, while the payout ratio is listed as N/A, preventing a direct calculation of the sustainability percentage relative to current earnings. Despite the lack of a specific payout ratio figure, the high dividend yield combined with the robust earnings growth of 46.6% suggests a strong capacity to fund these distributions without compromising operational stability. The overall growth and income profile is characterized by high earnings expansion and a high-yield dividend structure, presenting a unique combination of capital appreciation potential and income generation within the regional banking sector.