WaFd Bank Increases Dividend Amid Strong Financial Performance and Commitment to Shareholders

WaFd Bank Announces Increased Dividend Amid Strong Financial Performance

WaFd, Inc. (Nasdaq: WAFD), the parent company of Washington Federal Bank, has declared an increase in its regular quarterly cash dividend to 27 cents per share, effective March 7, 2025. This marks a significant milestone as it represents the company's 168th consecutive quarterly cash dividend, underscoring its commitment to delivering value to shareholders. Shareholders of record as of February 21, 2025, will be eligible to receive this distribution, reflecting the company's robust financial health and operational stability.

Established in 1917, WaFd Bank operates 210 branches across a diverse range of states, including Washington, Oregon, Idaho, Utah, Nevada, Arizona, Texas, New Mexico, and California. As of December 31, 2024, the company reports substantial financial metrics, boasting total assets of $27.7 billion, deposits of $21.4 billion, and shareholders’ equity amounting to $3.0 billion. This solid financial standing enables WaFd to enhance its dividend while continuing to invest in growth and expansion across its service areas.

WaFd Bank offers a comprehensive suite of financial services tailored to meet the needs of both individual and business customers. Its offerings include consumer and commercial deposit accounts, financing solutions for small to middle-market businesses, as well as commercial and residential real estate financing. Additionally, the company provides insurance products through its subsidiary, further diversifying its service portfolio. WaFd’s management emphasizes the importance of transparency and encourages stakeholders to review their financial statements and risk factors as outlined in their SEC filings, ensuring informed decision-making.

In line with its tradition of financial prudence, WaFd, Inc. relies on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 to protect forward-looking statements regarding its future performance. Management stresses that these projections are based on reasonable assumptions and current information, but actual outcomes may significantly differ. Stakeholders are advised to refer to the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for a comprehensive understanding of potential risks that could impact future performance.

With a legacy spanning over a century, WaFd Bank continues to uphold its commitment to providing quality banking services while delivering consistent shareholder returns through regular dividends. For more information about WaFd Bank and access to its financial reports, interested parties can visit its official website at www.wafdbank.com.