Washington Fed Pref Share WAFDP 4.875 Perp 04/15/26 | 10-Q: FY2025 Q2 EPS: USD 0.65

EPS: As of FY2025 Q2, the actual value is USD 0.65.

EBIT: As of FY2025 Q2, the actual value is USD 72.01 M.

Commercial Loans

Multi-family

• Net Loans: $4,867,340 as of March 31, 2025.
• Non-accrual Loans: $10,477 as of March 31, 2025.
• Allowance for Credit Losses: $26,556 as of March 31, 2025.

Commercial Real Estate

• Net Loans: $3,639,477 as of March 31, 2025.
• Non-accrual Loans: $29,320 as of March 31, 2025.
• Allowance for Credit Losses: $38,469 as of March 31, 2025.

Commercial & Industrial

• Net Loans: $2,384,745 as of March 31, 2025.
• Allowance for Credit Losses: $60,147 as of March 31, 2025.

Construction

• Net Loans: $1,211,336 as of March 31, 2025.
• Allowance for Credit Losses: $19,406 as of March 31, 2025.

Land - Acquisition & Development

• Net Loans: $136,061 as of March 31, 2025.
• Allowance for Credit Losses: $6,703 as of March 31, 2025.

Consumer Loans

Single-family Residential

• Net Loans: $8,264,318 as of March 31, 2025.
• Non-accrual Loans: $18,734 as of March 31, 2025.
• Allowance for Credit Losses: $40,963 as of March 31, 2025.

Construction - Custom

• Net Loans: $137,501 as of March 31, 2025.
• Non-accrual Loans: $847 as of March 31, 2025.
• Allowance for Credit Losses: $1,076 as of March 31, 2025.

Land - Consumer Lot Loans

• Net Loans: $101,784 as of March 31, 2025.
• Non-accrual Loans: $8 as of March 31, 2025.
• Allowance for Credit Losses: $2,415 as of March 31, 2025.

HELOC

• Net Loans: $288,228 as of March 31, 2025.
• Non-accrual Loans: $300 as of March 31, 2025.
• Allowance for Credit Losses: $3,257 as of March 31, 2025.

Consumer

• Net Loans: $91,920 as of March 31, 2025.
• Non-accrual Loans: $200 as of March 31, 2025.
• Allowance for Credit Losses: $3,717 as of March 31, 2025.

Cash Flow

• Net Cash Provided by Operating Activities: $121,565 for the six months ended March 31, 2025.
• Net Cash Used in Investing Activities: -$728,546 for the six months ended March 31, 2025.
• Net Cash Used in Financing Activities: -$542,660 for the six months ended March 31, 2025.

Future Outlook and Strategy

• The company recorded a provision for credit losses of $2,750,000 for the three months ended March 31, 2025, primarily due to a stable loan receivable balance offset by net charge-offs taken during the quarter.
• Non-performing assets were $70,884,000, or 0.26% of total assets, at March 31, 2025, compared to $77,418,000, or 0.28% of total assets, at September 30, 2024.