)
Overview
<ul>
<li>U.S. bank’s fiscal Q1 EPS rose 46% yr/yr, driven by steady margin and lower expenses</li>
<li>Company repurchased 1.95 mln shares at average price of $29.75 per share</li>
<li>Fiscal Q1 net interest income increased to $171 mln</li>
</ul>
Outlook
<ul>
<li>Company expects stronger loan production in coming months</li>
</ul>
Result Drivers
<ul>
<li>EARNINGS GROWTH - Driven by steady net interest margin, increased non-interest income, and lower expenses</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 EPS $0.79</h3>
Q1 Net $171 mln
Interest
Income
Q1 Net 2.70%
Interest
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 4 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for WaFd Inc is $32.25, about 2.4% below its January 14 closing price of $33.04</li>
<li>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Regional bank Washington Federal's Q1 EPS rises