WaFd Inc.: Business Overview, Financials & Competitive Analysis
WaFd Inc. scores 7/10 on the AskCyborg Cyborg Score (Strong). Well-capitalized regional bank delivering strong earnings growth with strategic balance sheet optimization and emerging wealth management opportunities, offset by rising credit stress. WaFd reported net income of $64.2 million in Q1 2026, a 6% increase from the previous quarter and 36% increase year-over-year. The company maintains a healthy net margin.
What is WaFd Inc.'s industry? WaFd Inc. (wafdbank.com) operates in Regional Banking / Financial Services. AskCyborg classifies WaFd Inc. under Regional Banking / Financial Services in its company registry.
WaFd Inc operates through subsidiary WaFd Bank, providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and commercial real estate developers. The bank is head...
Cyborg Score thesis
Well-capitalized regional bank delivering strong earnings growth with strategic balance sheet optimization and emerging wealth...
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Get Current Report FreeWaFd Inc. Overview
Pro stress-test →WaFd Inc operates through subsidiary WaFd Bank, providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and commercial real estate developers. The bank is headquartered in Seattle, Washington, with 208 branches across nine western states. The company is marking a robust start to fiscal 2026 with a 10% increase in earnings per share compared to the previous quarter and a 46% rise from the same period last year.
Strategic Profile
Pro stress-test →WaFd Bank's total assets increased to $27.3 billion as of December 31, 2025, primarily due to purchases of investment securities. The company has made significant progress in reducing its loan-to-deposit ratio from over 110% two years ago to 92.7% this quarter. WaFd has launched WaFd Wealth Management, which has already reached over $400 million in assets under management, aiming for $1 billion in the first two years.
Competitive Landscape
Pro stress-test →WaFd operates across nine states including Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California, and Texas. As a regional bank with $27.3 billion in assets, WaFd competes with larger national banks and other regional banking institutions in commercial lending, consumer banking, and wealth management.
Industry Context
WaFd Inc. operates in Regional Banking / Financial Services.
Key facts
Founded: 1917 · Headquarters: Seattle, Washington · Employees: 2,018 · Revenue: $717.73M · Market cap: $2.37B