WaFd Increases Dividend Amid Strong Financial Performance and Commitment to Shareholders

WaFd Bank Maintains Strong Dividend Payout Amidst Robust Financial Performance

WaFd, Inc. announces an increase in its quarterly cash dividend to 27 cents per share, scheduled for distribution on March 7, 2025, to shareholders on record as of February 21, 2025. This increase highlights WaFd's commitment to returning value to its shareholders, marking the company’s 168th consecutive quarterly dividend. The decision reflects the bank's solid financial foundation and operational stability since its establishment in 1917. WaFd operates 210 branches across key states, including Washington, Oregon, Idaho, and California, showcasing its extensive regional footprint in the banking sector.

As of December 31, 2024, WaFd reports impressive financial metrics, with total assets amounting to $27.7 billion and deposits reaching $21.4 billion. The bank’s shareholders’ equity stands at $3.0 billion, underscoring its financial health and capacity to support growth initiatives. WaFd offers a comprehensive range of services, including consumer and commercial deposit accounts, financing for small to middle-market businesses, and both commercial and residential real estate financing. This diverse portfolio allows the bank to cater to a wide array of customer needs, further solidifying its position in the competitive banking landscape.

WaFd’s management emphasizes the importance of transparency and encourages stakeholders to review its financial statements and reports, such as the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. This focus on providing detailed insights illustrates the bank's dedication to maintaining open communication with its investors. The management also acknowledges the inherent uncertainties in forward-looking statements regarding future performance, invoking "safe harbor" protections under the Private Securities Litigation Reform Act of 1995 to mitigate potential investor concerns. With a robust operational strategy and a commitment to shareholder value, WaFd continues to strengthen its presence in the financial services industry.

In addition to its dividend announcement, WaFd Bank remains committed to its customers through a variety of financial products and services. The institution positions itself as a reliable partner for both individuals and businesses in the communities it serves. Interested parties can access further information about WaFd Bank and its financial reports on its website at www.wafdbank.com.

The bank’s proactive approach to shareholder returns combined with its emphasis on comprehensive service offerings demonstrates a strategy aimed at fostering long-term growth and stability in an evolving marketplace.