WASHINGTON FEDERAL INC WAFD Income Statement

Washington federal inc (WAFD)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Jun'09
INTEREST INCOME
Loans receivable
570,665	573,177	568,096	556,842	542,893	528,361	515,807	504,778	490,694	480,199	470,523	462,609	458,880	456,057	454,085	451,987	445,509	441,572	437,002	434,017	434,856	431,916	430,850	433,911	438,754	445,299	454,915	458,121	463,304	474,197	484,833	497,310	506,931	511,793	522,230	533,843	547,851	561,534	561,069	562,632	0	0	0
Mortgage-backed securities
65,903	70,905	74,485	75,073	74,376	72,700	70,407	68,193	66,163	64,722	60,612	58,826	58,131	58,751	62,949	66,209	67,907	69,204	71,392	73,730	77,242	80,067	80,260	75,038	66,482	56,156	48,520	50,388	63,538	81,578	96,142	107,900	113,328	110,809	108,207	101,993	93,254	88,188	91,775	98,087	0	0	0
Investment securities and cash equivalents
29,136	29,586	28,885	27,267	25,159	22,864	20,869	19,200	17,958	17,013	17,783	18,114	18,557	19,625	19,759	21,608	21,953	22,160	22,159	22,001	23,361	23,197	22,587	19,972	16,850	14,785	12,856	11,861	10,736	9,879	9,296	9,656	10,754	12,369	14,198	15,309	15,880	13,758	10,716	7,157	0	0	0
Interest and Dividend Income, Operating
665,704	673,668	671,466	659,182	642,428	623,925	607,083	592,171	574,815	561,934	548,918	539,549	535,568	534,433	536,793	539,804	535,369	532,936	530,553	529,748	535,459	535,180	533,697	528,921	522,086	516,240	516,291	520,370	537,578	565,654	590,271	505,010	521,157	468,131	416,939	332,290	270,044	333,523	394,459	599,790	0	0	0
INTEREST EXPENSE
Customer accounts
126,090	127,118	122,216	111,129	97,685	84,433	72,492	63,789	57,666	53,644	52,023	51,596	52,106	52,785	52,485	51,612	50,823	50,326	51,054	52,511	54,264	56,470	58,524	60,568	62,715	64,630	67,903	71,923	76,441	81,762	86,939	92,938	99,616	107,050	115,835	124,260	134,361	142,609	146,360	155,927	0	0	0
FHLB advances
60,479	64,957	68,190	67,914	66,418	63,936	62,452	63,062	63,066	63,781	64,969	65,644	65,528	65,116	64,059	63,905	63,934	64,443	66,018	67,216	68,460	69,219	69,553	69,167	68,748	68,600	68,256	73,103	83,974	95,150	106,310	112,559	112,431	112,002	111,861	114,095	116,681	119,443	122,741	123,606	0	0	0
Interest expense
186,569	192,075	190,406	179,043	164,103	148,369	134,944	126,851	120,732	117,425	116,992	117,240	117,634	117,901	116,544	115,517	114,757	114,769	117,072	119,727	122,724	125,689	128,077	129,735	131,463	133,230	136,159	145,026	160,415	176,912	193,249	205,497	212,047	219,052	227,696	238,355	251,042	262,052	269,101	279,533	0	0	0
Net interest income
479,135	481,593	481,060	480,139	478,325	475,556	472,139	465,320	454,083	444,509	431,926	422,309	417,934	416,532	420,249	424,287	420,612	418,167	413,481	410,021	412,735	409,491	405,620	399,186	390,623	383,010	380,132	375,344	377,163	388,742	397,022	519,225	528,822	582,759	644,635	731,645	792,884	731,385	663,560	456,429	0	0	0
Provision (release) for credit losses
3,300	-2,150	-1,650	-5,250	-4,250	-5,950	-5,450	-450	-1,450	-2,100	-2,100	-4,700	-6,350	-6,250	-6,250	-2,931	-3,213	-5,662	-11,162	-14,846	-15,914	-16,301	-15,401	-14,186	-11,186	-6,850	1,350	8,978	19,345	37,345	44,955	54,931	65,564	78,314	93,104	103,750	103,486	136,159	179,909	206,109	0	0	0
Net interest income after provision (release)
475,835	483,743	482,710	485,389	482,575	481,506	477,589	465,770	455,533	446,609	434,026	427,009	424,284	422,782	426,499	427,218	423,825	423,829	424,643	424,867	428,649	425,792	421,021	413,372	401,809	389,860	378,782	366,366	357,818	351,397	352,067	354,438	353,402	337,605	323,835	309,040	302,457	265,269	214,550	182,234	0	0	0
OTHER INCOME
Gain (loss) on sale of investment securities
15,028	0	-9	-9	-9	-9	0	2,531	2,531	2,531	3,499	968	968	968	0	9,639	0	0	-	0	-	-	-	0	-	-	-	-	-	-	95,234	0	8,147	0	-	0	0	-	22,409	21,387	0	0	0
Prepayment penalty on long-term debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC loss share termination valuation adjustments
-	-	-	0	-	-	-8,550	-8,550	-8,550	-8,550	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan fee income
7,156	4,775	3,941	3,866	3,626	3,739	3,804	3,889	3,684	3,991	4,290	5,074	5,286	5,365	5,548	6,544	7,358	8,240	8,788	8,067	8,449	7,725	7,706	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment penalty on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on FDIC-assisted transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0
Other income
59,629	60,011	33,504	29,458	27,954	27,101	22,920	23,884	26,257	24,998	21,783	24,121	20,890	20,958	19,750	17,823	16,777	15,952	10,089	6,641	5,338	3,947	8,647	0	0	0	-	-	-	-	6,584	17,982	18,669	18,005	17,786	19,220	20,097	21,179	20,563	18,796	0	0	0
Other income, total
93,116	89,685	62,318	58,106	56,515	56,292	44,078	48,094	49,565	47,114	52,215	51,140	47,704	48,297	47,036	44,241	45,566	45,678	40,423	38,129	34,390	30,251	30,659	26,433	23,420	22,764	21,933	19,316	17,847	16,829	16,517	17,982	18,669	26,152	25,933	21,198	22,075	100,618	120,430	125,791	0	0	0
OTHER EXPENSE
Compensation and benefits
142,179	136,336	133,588	132,041	128,967	127,818	123,554	119,950	117,674	114,882	112,257	111,442	109,828	110,179	112,884	116,702	119,193	120,478	119,939	117,275	116,397	113,764	109,730	103,992	99,628	94,869	90,815	88,218	82,917	80,025	77,628	76,157	75,347	72,986	72,034	69,326	67,611	73,965	69,879	69,093	0	0	0
Occupancy
40,529	39,446	38,579	38,456	37,867	37,050	36,453	35,669	35,403	35,481	35,260	33,862	33,548	33,426	33,568	35,166	35,143	34,413	33,956	33,454	32,430	31,537	30,452	31,660	28,722	26,201	23,597	22,081	21,503	20,772	20,257	15,678	15,354	14,896	14,480	14,353	14,436	14,199	13,933	13,574	0	0	0
FDIC insurance premiums
9,908	9,416	9,808	10,369	10,760	11,634	11,592	11,441	11,333	11,391	11,410	12,172	12,199	12,074	11,824	10,728	10,236	9,831	7,916	7,761	8,362	8,749	11,009	11,613	11,466	11,806	12,214	12,830	13,999	15,242	16,093	17,826	18,926	19,676	20,582	20,613	20,387	20,161	18,626	20,091	0	0	0
Product delivery
16,532	16,180	15,934	15,873	16,317	16,437	16,372	15,853	14,743	14,567	13,972	13,517	14,093	14,898	17,060	18,742	21,095	22,221	22,325	20,623	19,025	17,671	14,973	14,601	10,684	6,989	4,414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Information technology
49,768	47,022	38,955	35,545	35,728	35,754	34,643	35,933	32,432	30,337	28,859	26,904	27,956	28,723	30,982	28,113	24,227	20,656	15,976	17,244	16,966	17,015	14,303	12,092	10,958	9,879	10,999	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
46,577	45,627	46,199	47,870	46,594	45,360	41,708	38,508	35,854	32,461	29,761	26,380	25,896	25,979	29,129	27,797	27,768	28,161	24,739	25,823	25,574	24,753	23,542	18,682	19,499	20,318	22,201	11,719	13,813	15,064	15,982	32,295	30,540	29,118	29,496	28,935	29,496	30,245	28,830	27,990	0	0	0
Other expense, total
305,493	294,027	283,063	280,154	276,233	274,053	264,322	257,354	247,439	239,119	231,519	224,277	223,520	225,279	235,447	237,248	237,662	235,760	224,851	222,180	218,754	213,489	204,009	192,640	180,957	170,062	164,240	156,788	151,141	146,789	142,854	141,423	139,634	136,143	136,059	133,439	132,142	138,782	131,480	130,748	0	0	0
Gain (loss) on real estate owned, net
-1,173	-396	810	1,443	1,258	172	-102	361	69	1,142	1,494	714	5,925	9,024	10,046	14,729	12,830	10,409	9,304	5,687	443	-477	-2,743	1,833	4,065	-491	-1,859	-5,959	-4,989	-2,568	-9,819	-22,687	-32,004	-40,067	-40,050	-48,458	-71,318	-78,308	-80,475	-65,172	0	0	0
Income before income taxes
262,285	279,005	262,775	264,784	264,115	263,917	257,243	256,871	257,728	255,746	256,216	254,586	254,393	254,824	248,134	248,940	244,559	244,156	249,519	246,503	244,728	242,077	244,928	248,998	248,337	242,071	234,616	222,935	219,535	218,869	215,911	208,310	200,433	187,547	173,659	148,341	121,072	148,797	123,025	112,105	0	0	0
Income tax expense
52,416	55,988	52,519	55,375	57,166	58,795	53,393	58,432	66,571	71,790	82,684	82,934	83,849	84,627	84,085	86,617	86,190	87,149	89,203	88,124	87,489	86,542	87,564	89,288	89,199	85,612	83,111	78,806	77,581	78,822	77,728	74,992	72,157	67,518	62,518	51,903	42,087	13,525	4,372	3,382	0	0	0
NET INCOME
209,869	223,017	210,256	209,409	206,949	205,122	203,850	198,439	191,157	183,956	173,532	171,652	170,544	170,197	164,049	162,323	158,369	157,007	160,316	158,379	157,239	155,535	157,364	159,710	159,138	156,459	151,505	144,129	141,954	140,047	138,183	133,318	128,276	120,029	111,141	96,438	78,985	135,272	118,653	108,723	0	0	0
PER SHARE DATA
Preferred dividends accrued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Basic earnings per share (in dollars per share)
0.49	0.84	0.66	0.67	0.63	0.65	0.62	0.61	0.58	0.59	0.53	0.49	0.47	0.46	0.49	0.47	0.45	0.38	0.46	0.41	0.42	0.39	0.41	0.38	0.38	0.39	0.42	0.36	0.34	0.33	0.33	0.33	0.32	0.31	0.28	0.27	0.23	0.22	0.14	0.11	0.73	0.08	0.03
Diluted earnings per share (in dollars per share)
0.49	0.84	0.66	0.67	0.63	0.65	0.63	0.61	0.57	0.59	0.52	0.49	0.47	0.46	0.48	0.47	0.45	0.38	0.45	0.41	0.42	0.39	0.41	0.37	0.38	0.39	0.42	0.36	0.34	0.33	0.33	0.33	0.32	0.31	0.28	0.27	0.23	0.22	0.14	0.11	0.73	0.07	0.03
Dividends paid on common stock per share (in dollars per share)
0.22	0.21	0.21	0.20	0.20	0.18	0.18	0.17	0.17	0.15	0.15	0.15	0.40	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.15	0.11	0.10	0.10	0.10	-	-	-	-	-	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05
Basic weighted average number of shares outstanding (in shares)
76,987	78,480	79,148	79,976	80,968	81,791	83,277	84,168	85,647	86,938	87,728	89,199	89,382	89,310	89,903	90,928	91,777	92,986	93,590	94,466	96,373	98,147	99,293	100,979	102,013	102,329	103,390	104,143	105,206	105,998	106,513	106,877	107,198	107,845	109,599	111,158	112,278	112,499	112,478	112,470	112,450	112,353	88,047
Diluted weighted average number of shares outstanding (in shares)
77,007	78,535	79,166	79,992	80,990	81,831	83,357	84,252	85,747	87,082	87,932	89,497	89,736	89,731	90,457	91,468	92,147	93,577	94,061	94,904	96,725	98,524	99,665	101,393	102,488	102,813	103,855	104,192	105,258	106,043	106,537	106,926	107,237	107,894	109,678	111,248	112,411	112,502	112,894	112,705	112,798	112,583	88,082
Deposit Account
Deposit fee income
25,112	24,899	24,882	24,791	24,944	25,461	25,904	26,340	25,643	24,144	22,643	20,977	20,560	21,006	21,738	22,485	22,344	22,399	22,459	21,723	20,603	18,579	14,306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-