WaFd Inc reported QQ2 2025 revenue of $354.701 million, up 7.19% year over year, with operating income of $72.01 million and an operating margin of 20.30%. Net income totaled $56.252 million, or $0.65 per diluted share, representing a substantial year-over-year improvement of 282.35% in EPS and 254.05% in net income, with QoQ growth of 19.01% in net income and 20.37% in diluted EPS. The year-over-year revenue increase and strong first-half cash generation reflect a balance of organic activity and strategic balance-sheet actions, even as the company deploys capital into its investment portfolio. Operating cash flow was $72.135 million, and free cash flow reached $66.581 million, underscoring durable cash generation even as investing and financing activities weighed on overall cash balance.
Key Performance Indicators
Revenue
Increasing
354.70M
QoQ: 2 158.95% | YoY: 7.19%
Operating Income
Increasing
72.01M
QoQ: 19.52% | YoY: 30.74%
Net Income
Increasing
56.25M
QoQ: 19.01% | YoY: 254.05%
EPS
Increasing
0.65
QoQ: 20.37% | YoY: 282.35%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $354.701 million; YoY +7.19%; QoQ +2,158.95% (noting the baseperiod was Q1 2025's unusually low level). - Operating Income: $72.01 million; YoY +30.74%; QoQ +19.52%. - Net Income: $56.252 million; YoY +254.05%; QoQ +19.01%. - EPS (Diluted): $0.65; YoY +282.35%; QoQ +20.37%. - Net cash from operating activities: $72.135 million; Free cash flow: $66.581 million. - Investing cash flow: -$213.969 million; Financing cash flow: -$134.44 million; Net change in cash: -$276.274 million. - Balance sheet: Total assets $27.645 billion; Total liabilities $24.612 billion; Total stockholders’ equity $3.032 billion. - Liquidity: current ratio 0.167; quick ratio 0.167; cash ratio 0.0575. - Leverage and profitability: long-term debt $2.814 billion; debt-to-capitalization 0.481; ROE 1.85%; ROA 0.203% (approx. 0.00203). - Valuation: price/earnings 10.30x; price/book 0.764x; price/sales 6.53x; dividend yield ~1.09%.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
354.70M
7.19%
2 158.95%
Operating Income
72.01M
30.74%
19.52%
Net Income
56.25M
254.05%
19.01%
EPS
0.65
282.35%
20.37%
Key Financial Ratios
Gross Profit Margin
Good
49.90%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Good
20.30%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
15.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
0.20%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.85%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.17
Current ratio below safe levels, potential liquidity risk
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