WAFD

Washington Federal, Inc.

$28.79

0.6

(2.13%)

Exchange:	NASDAQ
Market Cap:	2.308B
Shares Outstanding:	92.476M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, business and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; mobile and internet banking services; and debit and credit cards, as well as acts as the trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. As of September 30, 2021, the company had 219 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.

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Revenue Segmentation

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EPS

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Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	453,904	477,331	485,635	516,115	544,188	556,494	566,097	661,612	742,611	60,692
? Cost Of Revenue	0	0	0	0	0	0	0	0	0	-1,371,773
? Gross Profit	453,904	477,331	485,635	516,115	544,188	556,494	566,097	661,612	742,611	1,432,465
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	127,855	124,708	123,667	135,146	143,396	158,535	190,474	203,448	216,559	263,018
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	238,113	0
? Operating Expenses	137,944	144,458	145,450	209,081	176,900	-337,308	-332,959	-376,200	-417,535	721,828
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	530,553	536,793	548,918	607,083	671,466	621,265	591,610	666,359	1,042,955	1,371,710
? Interest Expense	117,072	116,544	116,992	134,944	190,406	151,757	86,501	71,770	352,721	710,878
? Depreciation And Amortization	21,217	22,988	41,680	46,735	31,058	39,912	33,914	64,050	22,970	134,103
? EBITDA	270,736	267,643	297,896	303,978	293,832.999	259,098	267,052	364,087	348,046	0
? EBIT
? Operating Income	366,591	364,678	373,208	392,187	262,775	219,186	233,138	285,412	325,076	-1,101,037
? Income Before Tax	249,519	248,134	256,216	257,243	262,775	219,186	233,138	300,037	325,076	256,056
? Income Tax Expense	89,203	84,085	82,684	53,393	52,519	45,748	49,523	63,707	67,650	56,015
? Net Income From Continuing Operations
? Net Income	160,316	164,049	173,532	203,850	210,256	173,438	183,615	236,330	257,426	200,041
? EPS (Earnings Per Share)	1.680	1.790	1.950	2.400	2.610	2.260	2.390	3.400	3.720	2.500
? EPS Diluted	1.670	1.780	1.940	2.400	2.610	2.260	2.390	3.390	3.720	2.500
? Weighted Average Shares Outstanding	95,644.639	91,399.038	88,905.457	85,008.040	80,471.316	76,721.969	72,529.188	65,287.650	65,192.510	74,244.323
? Weighted Average Shares Outstanding Diluted	96,053.959	91,912.918	89,224.207	85,109.843	80,495.163	76,731.464	72,565.920	65,404.110	65,255.283	74,290.568
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	284,049	450,368	313,070	268,650	419,158	1,702,977	2,090,809	683,965	980,649	25,966
? Short Term Investments	2,380,563	1,922,894	1,266,209	1,314,957	1,485,742	2,249,492	2,138,259	2,051,037	1,995,097	2,572,709
? Cash And Short Term Investments	2,664,612	2,373,262	1,579,279	1,583,607	1,904,900	3,952,469	4,229,068	950	2,975,746	25,966
? Net Receivables	0	0	0	0	0	0	0	0	0	0
? Accounts Receivables
? Inventory	0	-1,810,338	-1,286,086	-340,859	-474,796	-1,767,743	-2,159,718	15,292,268	-1,085,497	0
? Total Current Assets	1,634,441	1,167,596	719,175	1,632,706	1,953,757	4,011,976	4,283,581	16,113,564.950	3,071,228	25,966
? Property Plant Equipment Net	276,247	281,951	263,694	267,995	274,015	252,805	255,152	243,062	237,011	247,901
? Goodwill	291,503	291,503	293,153	301,368	301,368	302,707	303,457	303,457	304,750	411,360
? Intangible Assets	7,855	5,486	5,529	9,918	7,879	7,199	6,562	5,552	5,869	37,065
? Long Term Investments	4,023,779	3,340,493	2,913,065	2,940,377	2,929,222	2,955,330	2,504,284	2,514,336	2,418,683	3,009,681
? Total Non Current Assets	4,599,384	3,919,433	3,475,441	3,519,658	3,512,484	3,518,041	3,069,455	1,155,074	2,966,313	25,452,586
? Total Assets	14,568,324	14,888,063	15,253,580	15,865,724	16,474,910	18,794,055	19,650,574	20,772,131	22,474,675	28,060,330
? Account Payables	0	0	0	0	0	0	0	0	0	0
? Short Term Debt	0	0	0	0	0	0	0	0	0	0
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	73,318	9,100,492	10,309,869	11,063,322	11,528,744	14,770,466	16,209,930	300,037	19,050,467	0
? Long Term Debt	1,830,000	2,080,000	2,225,000	650,000	2,250,000	2,700,000	1,720,000	2,125,000	3,650,000	3,318,307
? Deferred Revenue Non Current	0	12,835,605	0	13,816,891	0	2,638,747	1,646,913	2,052,903	3,582,334	0
? Deferred Tax Liabilities Non Current	0	76,727	0	51,925	0	61,253	73,087	72,097	67,666	0
? Total Non Current Liabilities	12,612,645	12,912,332	13,247,892	13,868,816	2,250,000	2,700,000	1,720,000	2,125,000	3,650,000	13,242,845
? Total Liabilities	12,612,645	12,912,332	13,247,892	13,868,816	2,250,000	2,700,000	1,720,000	300,037	3,650,000	25,060,030
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	300,000	300,000	300,000	300,000
? Common Stock	133,696	134,308	134,958	135,343	135,540	135,727	135,993	136,271	136,467	154,007
? Retained Earnings	829,754	943,877	1,042,890	1,188,971	1,335,909	1,420,906	1,528,611	1,688,740	1,867,749	1,978,898
? Additional Paid In Capital
? Total Stockholders Equity	1,955,679	1,975,731	2,005,688	1,996,908	2,032,995	2,014,133	2,126,064	2,274,260	2,426,426	3,000,300
? Total Equity	1,955,679	1,975,731	2,005,688	1,996,908	2,032,995	2,014,133	2,126,064	2,274,260	2,426,426	3,000,300
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	14,568,324	14,888,063	15,253,580	15,865,724	16,474,910	18,794,055	19,650,574	20,772,131	22,474,675	28,060,330
? Total Investments	6,404,342	5,263,387	4,179,274	4,255,334	4,414,964	5,204,822	4,642,543	3,206,111	4,413,780	5,582,390
? Total Debt	1,830,000	2,080,000	2,225,000	2,330,000	2,250,000	2,700,000	1,720,000	2,125,000	3,650,000	3,318,307
? Net Debt	1,545,951	1,629,632	1,911,930	2,061,350	1,830,842	997,023	-370,809	1,441,035	2,669,351	937,205
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	160,316	164,049	173,532	203,850	210,256	173,438	183,615	236,330	257,426	200,041
? Depreciation And Amortization	21,217	22,988	41,680	46,735	31,058	39,912	33,914	64,050	22,970	134,103
? Deferred Income Tax	-29,136	-26,289	-7,272	-6,900	0	0	14,625	0	15,217	0
? Stock Based Compensation	232	90	5,909	4,771	5,265	6,469	6,381	6,808	7,914	9,181
? Change In Working Capital	-10,478	59,153	-27,928	-56,933	1,600	-48,191	90,029	-40,894	-113,852	81,305
? Accounts Receivables	11,608	2,760	-3,974	-5,652	-1,562	-4,942	3,163	-13,236	-23,131	28,624
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	142,871	221,721	179,700	190,702	234,054	166,600	314,454	268,465	213,957	439,233
? Investments In Property Plant And Equipment	-36,860	-37,933	-15,461	-27,127	-35,530	-31,937	-29,472	-11,790	-15,063	0
? Acquisitions Net	-759,391	-652,487	-3,370	-2,211	-428,090	-2,810	-1,500	41	-2,590	623,583
? Purchases Of Investments	-574,603	-137,591	-542,425	-443,616	-363,709	-1,064,815	-530,227	-783,299	-388,981	-600,448
? Sales Maturities Of Investments	1,128,724	806,954	960,258	386,820	402,756	1,054,285	980,032	610,502	460,737	605,259
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-51,111	-49,926	-74,519	-55,997	-63,318	-66,495.999	-72,254	-76,201	-78,417	-74,267
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-350,176	75,662	227,538	439,323	337,827	2,038,198	653,123	817,855	1,460,644	-2,325,998
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-497,794	166,319	-137,298	-44,420	150,508	1,283,819	387,832	-1,406,844	296,684	1,400,453
? Cash At End Of Period	284,049	450,368	313,070	268,650	419,158	1,702,977	2,090,809	683,965	980,649	2,381,102
? Cash At Beginning Of Period	781,843	284,049	450,368	313,070	268,650	419,158	1,702,977	2,090,809	683,965	980,649
? Operating Cash Flow	142,871	221,721	179,700	190,702	234,054	166,600	314,454	268,465	213,957	439,233
? Capital Expenditure	-36,860	-37,933	-15,461	-27,127	-35,530	-31,937	-29,472	-11,790	-15,063	0
? Free Cash Flow	106,011	183,788	164,239	163,575	198,524	134,663	284,982	256,675	198,894	439,233
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	468,857.175	513,353.192	530,949.098	527,254.614	548,913.634	457,189.781	747,425	725,547.471	707,879.217	773,171.299
Estimated Revenue (High)	489,331.220	535,770.288	554,134.572	550,278.756	572,883.582	685,784.673	748,575	727,478.028	714,189.966	780,064.127
Estimated Revenue (Avg)	476,960	522,225	540,125	536,366.667	558,400	571,487.227	748,000	726,512.750	711,206.750	776,805.750
Estimated Ebitda (Low)	308,735.237	354,604.003	400,747.124	248,184.539	249,758.434	257,056.266	282,761.891	283,879.742	276,966.812	302,513.175
Estimated Ebitda (High)	463,102.854	531,906.004	601,120.686	372,276.809	374,637.653	385,584.401	424,142.839	284,635.097	279,435.973	305,210.082
Estimated Ebitda (Avg)	385,919.046	443,255.004	500,933.905	310,230.674	312,198.044	321,320.334	353,452.366	284,257.420	278,268.752	303,935.201
Estimated Net Income (Low)	135,425.056	161,262.740	175,300.231	104,118.754	137,110.566	156,463.268	177,395.997	183,489.533	168,528.898	212,133.005
Estimated Net Income (High)	203,137.587	241,894.112	262,950.346	156,178.133	205,665.852	234,694.905	266,094.001	185,227.189	193,571.506	236,582.031
Estimated Net Income (Avg)	169,281.322	201,578.426	219,125.289	130,148.444	171,388.209	195,579.087	221,745	184,358.361	181,050.202	224,357.518
Estimated SGA Expense (Low)	126,351.029	150,654.873	164,223.390	163,943.363	179,857.613	203,497.385	223,847.122	805,956.174	786,329.838	858,857.907
Estimated SGA Expense (High)	189,526.544	225,982.309	246,335.085	245,915.045	269,786.421	305,246.079	335,770.686	808,100.685	793,339.975	866,514.631
Estimated SGA Expense (Avg)	157,938.787	188,318.591	205,279.238	204,929.204	224,822.017	254,371.732	279,808.904	807,028.430	790,026.145	862,895.145
Estimated EPS (Avg)	1.910	2.390	2.600	2.210	2.310	2.500	3.930	2.480	2.430	3.020
Estimated EPS (High)	1.970	2.470	2.690	2.290	2.380	3.010	3.950	2.490	2.610	3.180
Estimated EPS (Low)	1.870	2.340	2.550	2.160	2.250	1.990	3.910	2.470	2.270	2.860
Number of Analysts (Estimated Revenue)	4	4	4	1	1	7	1	3	3	3
Number of Analysts (Estimated EPS)	3	3	5	1	1	7	1	3	4	4

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Current Key Metrics

?	Revenue (TTM) :	1.433B	?	P/S (TTM) :	1.49
?	Net Income (TTM) :	200.041M	?	P/E (TTM) :	9.97
?	Enterprise Value (TTM) :	3.843B	?	EV/FCF (TTM) :	14.94
?	Dividend Yield (TTM) :	0.04	?	Payout Ratio (TTM) :	0.43
?	ROE (TTM) :	0.08	?	ROIC (TTM) :	0.04
?	Net Debt (TTM) :	1.407B	?	Debt/Equity (TTM) :	0.93
?	P/B (TTM) :	0.75	?	Current Ratio (TTM) :	0.17

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
15.07	12.05	11.07	13.03	12.46

SWOT Analysis

No SWOT analysis available for this stock.

WAFD

2.13

4.43

1.12

4.09

-11.42

7.75

10.1

Trading Metrics:

Open:	28.13	Previous Close:	28.19
Day Low:	28.13	Day High:	28.81
Year Low:	23.75	Year High:	38.62
Price Avg 50:	28.44	Price Avg 200:	31.59
Volume:	378066	Average Volume:	549725