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As Of Filer Filing For·On·As Docs:Size 1/15/21 Washington Federal Inc. 8-K:2,9 1/14/21 15:3.3M |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 29K 2: EX-99.1 Miscellaneous Exhibit HTML 58K 3: EX-99.2 Miscellaneous Exhibit HTML 218K 4: EX-99.3 Miscellaneous Exhibit HTML 12K 11: R1 Document and Entity Information HTML 41K 13: XML IDEA XML File -- Filing Summary XML 13K 10: XML XBRL Instance -- wfsl-20210114_htm XML 20K 12: EXCEL IDEA Workbook of Financial Reports XLSX 6K 6: EX-101.CAL XBRL Calculations -- wfsl-20210114_cal XML 7K 7: EX-101.DEF XBRL Definitions -- wfsl-20210114_def XML 10K 8: EX-101.LAB XBRL Labels -- wfsl-20210114_lab XML 61K 9: EX-101.PRE XBRL Presentations -- wfsl-20210114_pre XML 30K 5: EX-101.SCH XBRL Schema -- wfsl-20210114 XSD 12K 14: JSON XBRL Instance as JSON Data -- MetaLinks 10± 17K 15: ZIP XBRL Zipped Folder -- 0000936528-21-000019-xbrl Zip 41K
Document |
December 31, 2020 | September 30, 2020 | ||||||||||
(In thousands, except share and ratio data) | |||||||||||
ASSETS | |||||||||||
Cash and cash equivalents | $ | 1,830,722 | $ | 1,702,977 | |||||||
Available-for-sale securities, at fair value | 2,482,944 | 2,249,492 | |||||||||
Held-to-maturity securities, at amortized cost | 586,870 | 705,838 | |||||||||
Loans receivable, net of allowance for loan losses of $170,189 and $166,955 | 12,881,010 | 12,792,317 | |||||||||
Interest receivable | 52,671 | 53,799 | |||||||||
Premises and equipment, net | 256,242 | 252,805 | |||||||||
Real estate owned | 4,463 | 4,966 | |||||||||
FHLB and FRB stock | 137,991 | 141,990 | |||||||||
Bank owned life insurance | 229,175 | 227,749 | |||||||||
Intangible assets, including goodwill of $302,707 and $302,707 | 309,425 | 309,906 | |||||||||
Federal and state income tax assets, net | — | 5,708 | |||||||||
Other assets | 292,109 | 346,508 | |||||||||
$ | 19,063,622 | $ | 18,794,055 | ||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Liabilities | |||||||||||
Transaction deposits | $ | 10,381,459 | $ | 9,806,432 | |||||||
Time deposits | 3,785,082 | 3,973,192 | |||||||||
Total customer deposits | 14,166,541 | 13,779,624 | |||||||||
FHLB advances | 2,600,000 | 2,700,000 | |||||||||
Advance payments by borrowers for taxes and insurance | 15,539 | 49,462 | |||||||||
Federal and state income tax liabilities, net | 8,294 | — | |||||||||
Accrued expenses and other liabilities | 211,481 | 250,836 | |||||||||
17,001,855 | 16,779,922 | ||||||||||
Stockholders’ equity | |||||||||||
Common stock, $1.00 par value, 300,000,000 shares authorized; 135,937,934 and 135,727,237 shares issued; 75,867,105 and 75,689,364 shares outstanding | 135,938 | 135,727 | |||||||||
Additional paid-in capital | 1,680,111 | 1,678,843 | |||||||||
Accumulated other comprehensive income (loss), net of taxes | 41,435 | 16,953 | |||||||||
Treasury stock, at cost; 60,070,829 and 60,037,873 shares | (1,238,997) | (1,238,296) | |||||||||
Retained earnings | 1,443,280 | 1,420,906 | |||||||||
2,061,767 | 2,014,133 | ||||||||||
$ | 19,063,622 | $ | 18,794,055 | ||||||||
CONSOLIDATED FINANCIAL HIGHLIGHTS | |||||||||||
Common stockholders' equity per share | $ | 27.18 | $ | 26.61 | |||||||
Tangible common stockholders' equity per share | 23.10 | 22.52 | |||||||||
Stockholders' equity to total assets | 10.82 | % | 10.72 | % | |||||||
Tangible common stockholders' equity (TCE) to tangible assets (TA) | 9.34 | % | 9.22 | % | |||||||
TCE + allowance for credit losses to TA | 10.39 | % | 10.26 | % | |||||||
Weighted average rates at period end | |||||||||||
Loans and mortgage-backed securities | 3.48 | % | 3.55 | % | |||||||
Combined loans, mortgage-backed securities and investments | 2.92 | 3.03 | |||||||||
Customer accounts | 0.36 | 0.48 | |||||||||
Borrowings | 1.82 | 1.79 | |||||||||
Combined cost of customer accounts and borrowings | 0.58 | 0.69 | |||||||||
Net interest spread | 2.34 | 2.34 |
Three Months Ended December 31, | |||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||
(In thousands, except share and ratio data) | |||||||||||||||||||||||
INTEREST INCOME | |||||||||||||||||||||||
Loans receivable | $ | 133,671 | $ | 142,146 | |||||||||||||||||||
Mortgage-backed securities | 7,230 | 15,612 | |||||||||||||||||||||
Investment securities and cash equivalents | 6,921 | 7,066 | |||||||||||||||||||||
147,822 | 164,824 | ||||||||||||||||||||||
INTEREST EXPENSE | |||||||||||||||||||||||
Customer accounts | 14,110 | 31,481 | |||||||||||||||||||||
FHLB advances and other borrowings | 13,198 | 13,658 | |||||||||||||||||||||
27,308 | 45,139 | ||||||||||||||||||||||
Net interest income | 120,514 | 119,685 | |||||||||||||||||||||
Provision (release) for credit losses | 3,000 | (3,750) | |||||||||||||||||||||
Net interest income after provision (release) | 117,514 | 123,435 | |||||||||||||||||||||
OTHER INCOME | |||||||||||||||||||||||
Loan fee income | 2,392 | 1,804 | |||||||||||||||||||||
Deposit fee income | 6,026 | 6,260 | |||||||||||||||||||||
Other Income | 5,452 | 38,312 | |||||||||||||||||||||
13,870 | 46,376 | ||||||||||||||||||||||
OTHER EXPENSE | |||||||||||||||||||||||
Compensation and benefits | 42,723 | 36,631 | |||||||||||||||||||||
Occupancy | 9,592 | 10,135 | |||||||||||||||||||||
FDIC insurance premiums | 3,263 | 2,470 | |||||||||||||||||||||
Product delivery | 4,937 | 4,267 | |||||||||||||||||||||
Information technology | 11,831 | 17,107 | |||||||||||||||||||||
Other | 9,064 | 12,026 | |||||||||||||||||||||
81,410 | 82,636 | ||||||||||||||||||||||
Gain (loss) on real estate owned, net | (449) | (886) | |||||||||||||||||||||
Income before income taxes | 49,525 | 86,289 | |||||||||||||||||||||
Income tax provision | 10,574 | 18,423 | |||||||||||||||||||||
NET INCOME | $ | 38,951 | $ | 67,866 | |||||||||||||||||||
PER SHARE DATA | |||||||||||||||||||||||
Basic earnings per share | $ | 0.51 | $ | 0.86 | |||||||||||||||||||
Diluted earnings per share | 0.51 | 0.86 | |||||||||||||||||||||
Cash dividends per share | 0.22 | 0.21 | |||||||||||||||||||||
Basic weighted average shares outstanding | 75,792,995 | 78,480,264 | |||||||||||||||||||||
Diluted weighted average shares outstanding | 75,798,460 | 78,535,299 | |||||||||||||||||||||
PERFORMANCE RATIOS | |||||||||||||||||||||||
Return on average assets | 0.83 | % | 1.66 | % | |||||||||||||||||||
Return on average common equity | 7.65 | 13.46 | |||||||||||||||||||||
Net interest margin | 2.75 | 3.15 | |||||||||||||||||||||
Efficiency ratio | 60.58 | 57.05 | |||||||||||||||||||||
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed as of: | 1/15/21 | |||
Filed on / For Period end: | 1/14/21 | 8-K/A | ||
12/31/20 | 10-Q, 11-K | |||
11/20/20 | 8-K | |||
9/30/20 | 10-K | |||
12/31/19 | 10-Q, 11-K | |||
List all Filings |