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WaFd, Inc. operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company provides deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It offers single-family dwellings, construction, land acquisition and development, consumer lot, multi-family residential, commercial real estate, home equity, business, and consumer loans, as well as commercial and industrial loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; 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. The company was formerly known as Washington Federal, Inc. and changed its name to WaFd, Inc. in September 2023. WaFd, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
Strategic Loan Sale | Explore WaFd's $3.2 billion LBC loan sale, enhancing balance sheet flexibility and potentially boosting the CET1 ratio by 80 basis points |
Integration Challenges | Delve into WaFd's ongoing LBC integration, a critical process that presents both growth opportunities and execution risks for the regional bank |
Valuation Insights | Learn why WaFd trades at a discount to peers, with price targets ranging from $29 to $35, reflecting varied perspectives on its growth potential |
Capital Management | Discover the implications of WaFd's expanded share repurchase program, authorizing buybacks of up to 14.5% of outstanding shares |
Metrics to compare | WAFD | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipWAFDPeersSector | |
---|---|---|---|---|
P/E Ratio | 11.1x | 16.3x | 9.5x | |
PEG Ratio | 2.09 | 0.46 | 0.03 | |
Price/Book | 0.9x | 1.2x | 1.0x | |
Price / LTM Sales | 3.3x | 3.6x | 2.8x | |
Upside (Analyst Target) | 9.2% | 12.2% | 13.1% | |
Fair Value Upside | Unlock | 12.9% | 2.1% | Unlock |