WaFd Bank reported fourth-quarter results with revenue of $188.3 million, a 7.6% year-on-year growth, but missed analyst estimates by 2.6%. Adjusted EPS was $0.75, in line with estimates, while adjusted operating income was $79.1 million, a 3.4% miss. The market reacted negatively due to margin pressure and rising nonperforming loans. Analyst questions during the earnings call focused on borrowings, nonaccrual loans, resolution plans, margin guidance, and mortgage-backed securities purchases. Looking ahead, analysts will monitor business banking growth, deposit expansion, credit quality, wealth management, and strategic goals. WaFd Bank’s stock price is currently at $32.61.
Read more at Barchart: The Top 5 Analyst Questions From WaFd Bank’s Q4 Earnings Call
