WASHINGTON FEDERAL INC WAFD Income Statement

Washington federal inc (WAFD)

Income statement / Yearly

Sep'19	Sep'18	Sep'17	Sep'16	Sep'15	Sep'14	Sep'13	Sep'12	Sep'11	Sep'10	Sep'09	Sep'08
INTEREST INCOME
Loans receivable
568,096	515,807	470,523	454,085	437,002	430,850	454,915	484,833	522,230	561,069	579,244	599,878
Mortgage-backed securities
74,485	70,407	60,612	62,949	71,392	80,260	48,520	96,142	108,207	91,775	109,486	88,425
Investment securities and cash equivalents
28,885	20,869	17,783	19,759	22,159	22,587	12,856	9,296	14,198	10,716	3,044	13,125
Interest and Dividend Income, Operating
671,466	607,083	548,918	536,793	530,553	533,697	516,291	590,271	416,939	394,459	373,147	701,428
INTEREST EXPENSE
Customer accounts
122,216	72,492	52,023	52,485	51,054	58,524	67,903	86,939	115,835	146,360	191,435	259,769
FHLB advances
68,190	62,452	64,969	64,059	66,018	69,553	68,256	106,310	111,861	122,741	127,192	137,872
Interest expense
190,406	134,944	116,992	116,544	117,072	128,077	136,159	193,249	227,696	269,101	318,627	397,641
Net interest income
481,060	472,139	431,926	420,249	413,481	405,620	380,132	397,022	644,635	663,560	691,774	303,787
Provision (release) for credit losses
-1,650	-5,450	-2,100	-6,250	-11,162	-15,401	1,350	44,955	93,104	179,909	193,000	60,516
Net interest income after provision (release)
482,710	477,589	434,026	426,499	424,643	421,021	378,782	352,067	323,835	214,550	180,147	243,271
OTHER INCOME
Gain (loss) on sale of investment securities
-9	0	3,499	0	9,641	0	0	95,234	8,147	22,409	0	-
Other than temporary impairment charge
-	-	-	-	-	-	-	-	-	-	-	87,747
FDIC loss share termination valuation adjustments
0	-8,550	0	0	-	-	-	-	-	-	-	-
Loan fee income
3,941	3,804	4,290	5,548	8,788	7,706	8,585	7,221	-	-	-	-
Prepayment penalty on long-term debt
-	-	-	-	10,554	0	0	-95,565	0	-8,150	0	-
Gain on FDIC-assisted transaction
-	-	-	-	-	-	-	-	-	85,608	0	-
Gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	13,123
Other income
33,504	22,920	21,783	19,750	10,089	8,647	8,333	6,584	17,786	20,563	19,009	15,433
Other income, total
62,318	44,078	52,215	47,036	40,423	30,659	21,933	16,517	25,933	120,430	19,009	-59,191
OTHER EXPENSE
Compensation and benefits
133,588	123,554	112,257	112,884	119,939	109,730	90,815	77,628	72,034	69,879	57,097	52,832
Occupancy
38,579	36,453	35,260	33,568	33,956	30,452	23,597	20,257	14,480	13,933	13,049	11,213
FDIC insurance premiums
9,808	11,592	11,410	11,824	7,916	11,009	12,214	16,093	20,582	18,626	10,688	792
Product delivery
15,934	16,372	13,972	17,060	22,325	14,973	4,414	3,518	1,447	2,140	3,331	2,441
Information technology
38,955	34,643	28,859	30,982	15,976	14,303	10,999	9,376	-	-	-	-
Other expense
46,199	41,708	29,761	29,129	24,739	23,542	22,201	15,982	29,496	28,830	25,105	22,945
Deferred loan origination costs
-	-	-	-	-	-	-	-	1,980	1,928	2,210	3,003
Other expense, total
283,063	264,322	231,519	235,447	224,851	204,009	164,240	142,854	136,059	131,480	107,060	87,220
Gain (loss) on real estate owned, net
810	-102	1,494	10,046	9,304	-2,743	-1,859	-9,819	-40,050	-80,475	-16,354	-1,021
Income before income taxes
262,775	257,243	256,216	248,134	249,519	244,928	234,616	215,911	173,659	123,025	75,742	95,839
Current Income Tax Expense (Benefit)
50,933	44,557	92,795	60,773	86,477	75,784	71,969	61,138	88,373	-19,890	56,075	81,158
Deferred Income Tax Expense (Benefit)
1,586	8,836	-10,111	23,312	2,726	11,780	11,142	16,590	-25,855	24,262	-28,505	-47,651
Income tax expense
52,519	53,393	82,684	84,085	89,203	87,564	83,111	77,728	62,518	4,372	27,570	33,507
NET INCOME
210,256	203,850	173,532	164,049	160,316	157,364	151,505	138,183	111,141	118,653	48,172	62,332
PER SHARE DATA
Preferred dividends accrued
-	-	-	-	-	-	-	-	-	0	7,488	-
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	118,653	40,684	62,332
Basic earnings per share (in dollars per share)
2.61	2.40	1.95	1.79	1.68	1.56	1.45	1.29	1.00	1.06	0.46	0.71
Diluted earnings per share (in dollars per share)
2.61	2.40	1.94	1.78	1.67	1.55	1.45	1.29	1.00	1.05	0.46	0.71
Dividends paid on common stock per share (in dollars per share)
0.79	0.67	0.84	0.55	0.54	0.41	-	-	0.24	0.20	0.20	0.84
Basic weighted average number of shares outstanding (in shares)
80,471	85,008	88,905	91,399	95,644	101,154	104,684	107,108	111,383	112,438	88,689	87,675
Diluted weighted average number of shares outstanding (in shares)
80,495	85,109	89,224	91,912	96,053	101,590	104,837	107,149	111,460	112,745	88,711	87,818
Deposit Account
Deposit fee income
24,882	25,904	22,643	21,738	22,459	14,306	5,015	3,043	-	-	-	-