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Washington Federal, Inc. - WFSL information
Washington Federal, Inc. formed in November 1994, is a Washington corporation
headquartered in Seattle, Washington. The Company is a non-diversified unitary
savings and loan holding company within the meaning of the Home Owners’ Loan Act
(“HOLA”) that conducts its operations through a federally insured savings and
loan association subsidiary, Washington Federal Savings. As used throughout this
report, the terms “Washington Federal” or the “Company” refer to Washington
Federal, Inc. and its consolidated subsidiaries.
The Company, doing business as Washington Federal Savings, is a
federally-chartered savings and loan association that began operations in
Washington as a state-chartered mutual company in 1917. In 1935, the Company
converted to a federal charter and became a member of the Federal Home Loan Bank
(“FHLB”) system. On November 9, 1982, Washington Federal Savings converted from
a federal mutual to a federal capital stock company. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f11%2f28%2f0001193125-07-254817.html#FIS_BUSINESS" ...
www.washingtonfederal.com
1,105 Employees
Founded in 1917
WASHINGTON FEDERAL INC (WFSL:NASDAQ GS)
LAST $17.40 USD
CHANGE TODAY 0.00 0.00%
VOLUME 313.4K
As of 8:09 PM 07/30/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of WASHINGTON FEDERAL INC (WFSL)
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OPEN
$17.17
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PREVIOUS CLOSE
$17.40
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DAY HIGH
$17.46
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DAY LOW
$17.08
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52 WEEK HIGH
04/26/10 - $21.65
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52 WEEK LOW
07/31/09 - $13.71
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MARKET CAP
2.0B
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AVERAGE VOLUME 10 D
759.0K
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EPS TTM
$0.65
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SHARES OUTSTANDING
112.5M
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EX-DATE
07/7/10
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P/E TTM
26.8x
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DIVIDEND
$0.20
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DIVIDEND YIELD
1.15%
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| K = Thousands M = Millions B = Billions | ||
Key developments for WASHINGTON FEDERAL INC (WFSL)
Washington Federal Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2010
07/19/2010
Washington Federal Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2010. For the quarter, the company reported earnings of $12,668,000, or $0.11 per diluted share, compared to $2,500,000, or $0.03 per diluted share, for the same period one year ago, a 406% increase. Net interest income was $99,285,000 compared with $94,253,000 a year ago. This increase is the result of a significant decline in deposit costs and growth in the balance sheet, partially offset by reduced yield on earning assets. Interest income was $167,371,000 compared with $169,801,000 a year ago. Income before income taxes was $19,795,000 compared with $11,679,000 a year ago. Return on average assets was 0.37% compared with 0.08% a year ago. Return on average common equity was 2.77% compared with 0.71% a year ago. For the nine months, the company's earnings were $102,690,000, or $0.91 per diluted share, compared to $31,079,000, or $0.35 per diluted share, for the same period one year ago. The significant increase in year to date earnings was due primarily to the one-time after tax gain of $54.8 million related to the FDIC-assisted acquisition in the second fiscal quarter. Interest income was $498,076,000 compared with $524,508,000 a year ago. Net interest income was $294,091,000 compared with $277,748,000 a year ago. Income before income taxes was $100,426,000 compared with $62,131,000 a year ago. Return on average assets was 1.03% compared with 0.34% a year ago. Return on average common equity was 7.61% compared with 2.99% a year ago.
Washington Federal Inc. Declares Quarterly Dividend, Payable on July 23, 2010
06/28/2010
The Board of Directors of Washington Federal Inc. announced a quarterly cash dividend of 5 cents per share. The dividend will be payable on July 23, 2010 to common stockholders of record on July 9, 2010. This will be Washington Federal's 110th consecutive quarterly cash dividend.
Washington Federal Inc. expected to report Fiscal Year 2010 results on October 20, 2010. This event was calculated by Capital IQ (Created on June 27, 2010).
06/27/2010
Washington Federal Inc. expected to report Fiscal Year 2010 results on October 20, 2010. This event was calculated by Capital IQ (Created on June 27, 2010).
WFSL Competitors
| Company | Last | Change |
| Associated Banc-Corp | $13.59 USD | -0.22 |
| Astoria Financial Corp | $13.24 USD | -0.04 |
| Capitol Federal Financial | $31.43 USD | -0.13 |
| East West Bancorp Inc | $15.59 USD | -0.11 |
| NewAlliance Bancshares Inc | $12.17 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | WFSL | Industry Range |
| Price/Earnings | 16.6x |
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| Price/Sales | 8.7x |
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| Price/Book | 1.1x |
Not meaningful
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| Price/Cash Flow | 17.4x |
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| TEV/Sales | NM | Not Meaningful |
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WFSL |
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WFSL transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
Washington Federal, Inc. - WFSL news
Washington Federal Reports Quarterly Net Income of $12.7 Million
2010-07-20 05:43:05
Keywords: Washington Federal Reports Quarterly Net Income of $12.7 Million, wfsl
Quote: WFSLNews), parent company of Washington Federal, today announced earnings of $12,668,000, or $.11 per diluted share, for the quarter ended June 30, 2010, compared to $2,500,000, or $.03 per diluted share, for the same period one year ago, a 406% increase. For the nine months ended June 30, 2010, earnings were $102,690,000, or $.91 per diluted share, compared to $31,079,000, or $.35 per diluted share, for the same period one year ago. The significant increase in year to date earnings was due prim...Read article
Washington Federal 3rd-qtr profit leaps fivefold
2010-07-20 05:43:04
Keywords: Washington Federal 3rd-qtr profit leaps fivefold, wfsl,wsfl.ob
Quote: SEATTLE (AP) -- Washington Federal Inc. on Monday posted a fivefold leap in its fiscal third-quarter profit with help from revenue from a failed bank it bought early this year.For the three months that ended June 30, Washington Federal said its net income available to common shareholders rose to $12.7 million, or 11 cents per share, up from $2.5 million, or 3 cents per share, a year earlier.The bank said the increase was due primarily to a one-time gain of $54.8 million related to the Federal De...Read article
WASHINGTON FEDERAL INC Files SEC form 10-Q, Quarterly Report
2010-05-11 02:39:32
Quote: The Company
undertakes no obligation to update or revise any forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time.
GENERAL
Washington Federal, Inc. ("Company") is a savings and loan holding company. The
Company's primary operating subsidiary is Washington Federal Savings.
INTEREST RATE RISK
The Company assumes a high level of interest rate risk as a result of its policy
to originate and ho...Read article
Washington Federal Reports Quarterly Net Income of $82.1 Million
2010-04-19 05:43:08
Quote: NASDAQWFSLNews), parent
company of Washington Federal, today announced earnings of $82,111,000 or
$.73 per diluted share for the quarter ended March 31, 2010, compared to
$8,410,000 or $.10 per diluted share for the same period one year ago.
Earnings increased by $73,701,000 or 876% primarily as a result of a $55
million after tax gain on the acquisition of the former Horizon Bank and a
$39 million tax benefit related to the settlement of a contingent tax
liability.The provision for loan losses ...Read article
Washington Federal's profit up on bank acquisition
2010-04-19 05:43:07
Quote: (AP) -- Regional bank holding company Washington Federal Inc. reported a nearly tenfold profit increase in the latest quarter Thursday, driven by gains from an acquisition and tax benefits.For the three months ending March 31, the Seattle-based company earned $82.1 million, or 73 cents per share. That compared with $8.4 million, or 10 cents per share, in the year-ago period.On average, analysts polled by Thomson Reuters expected a profit of 10 cents per share. Analyst estimates do not include on...Read article
UPDATE - Washington Federal Q2 profit rises ten fold
2010-04-19 05:43:07
Keywords: United States of America,Financials,Financial service providers,Corporate Results,Debt,Mortgage-backed securities,U.S. corporate debt,Banks (industry group),Banks,Business activities,Credit Market News,Corporate debt,Company News item,Economic news, EC, b
Quote: UPDATE 1-Washington Federal Q2 profit rises ten fold
* Q2 EPS $0.73 vs $0.10 last yr * Q2 net interest income up 4 pct to $97 mln * Loan loss provisions up 17 pct to 63.4 mln April 15 (Reuters) - Washington Federal Inc (WFSL.O)
reported a ten-fold rise in quarterly profit helped by its
acquisition of the former Horizon Bank and a tax benefit. For the second quarter, the savings and loan holding
company earned $82.1 million, or 73 cents a share, compared
with $8.4 million, or 10 cents a share las...Read article
WASHINGTON FEDERAL INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, F
2010-04-19 05:43:06
Quote: WASHINGTON FEDERAL INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
WASHINGTON FEDERAL INC
16-Apr-2010Results of Operations and Financial Condition, Regulation FD Disclosure, F
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Wash. Federal Profits By Buying Failed Bank
2010-04-19 05:43:06
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Philip van Doorn ,Financial Services
Quote: SEATTLE (TheStreet) -- Illustrating just how lucrative government-assisted bank acquisitions can be, Washington Federal (WFSL) reported first-quarter net income of $82.1 million, a sevenfold increase from a year earlier.Earnings of 73 cents a share -- greatly exceeding the 10-cent consensus estimate among analysts polled by Thomson Reuters -- were padded by an after-tax gain of $55 million from the acquisition of Horizon Bank of Bellingham, Wash., which was the first bank failure of the year on...Read article
Washington Federal (WFSL) Given Buy Rating By Sterne Agee Top Ranked Banking Analyst
2010-03-19 01:25:31
Quote: Nevertheless, the opportunity for consolidators and for banks, like Umpqua (UMPQ), which is "neutral", and Washington Federal (WFSL), which is "buy"-rated, is to increase their market share and to get back to more normalized EPS sometime - if not in late 2011, during 2012 - with lower credit costs.
TWST: As you move down to California and into the Southwest, is it the same type of situation there?
Mr. Rabatin: Yes, it's an economy that's not very good right now. California obviously has a big ec...Read article
WASHINGTON FEDERAL INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2010-03-16 03:12:39
Quote: Department of the Treasury (the "Treasury") sold, in
a secondary public offering, 1,707,456 warrants (the "Warrant Offering"), each
representing the right to purchase one share of the common stock, par value
$1.00 per share, of Washington Federal, Inc. ("Washington Federal" or the
"Company"), at an exercise price of $9.15 per warrant (the "Warrants"), pursuant
to an underwriting agreement dated March 9, 2010 (the "Underwriting Agreement"...Read article
Texas Capital Bancshares warrants bring $6.56M
2010-03-15 06:04:05
Quote: Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.The auction was the third and final auction this week and followed one last week that raised a record $1.54 billion from the sale of warrants the government had received from Bank of America Corp.The auction for Texas Capital Bancshares followed auctions this week that raised $11.15 million for warrants of New York's Signature Bank and $15.39 million for warrants of Seattle's Washington Federal I...Read article
Washington Federal warrants bring $15.39 million
2010-03-12 02:23:28
Quote: WASHINGTON (AP) -- The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's $700 billion bailout program.The Treasury said Wednesday that it sold 1.71 million warrants in an auction that took place the previous day. Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.The auction for the Seattle-based bank followed one held last we...Read article
UPDATE - US Treasury to net $11.15 mln on Signature warrants
2010-03-12 02:23:27
Keywords: United States of America,Government debt (national),Debt,Regulation and enforcement,Banks (industry group),Financials,Washington / US Government News,Domestic Politics,Banks,Business activities,General News,Politics International Affairs and Law,Sports In
Quote: Read article
UPDATE - U.S. Treasury prices Washington Federal warrants
2010-03-11 07:34:23
Keywords: Banks,
Quote: Treasury prices Washington Federal warrants
(Adds detail on closing date) WASHINGTON, March 10 (Reuters) - The U.S. Treasury
Department said on Wednesday it has priced a secondary public
offering of 1.71 million government warrants to purchase common
stock of Washington Federal (WFSL.O) at $9.15 per warrant. It estimated aggregate net proceeds from the offering at
about $15.4 million. "These proceeds provide an additional return to the
American taxpayer from Treasury's investment in the company...Read article
U.S. makes $15.4 million from Wash. Fed. warrants
2010-03-11 07:34:23
Keywords: , WFSL, Washington Federal Inc
Quote: WASHINGTON (MarketWatch) -- The Treasury Department announced Wednesday that it received net proceeds of $15.39 million from its sale of warrants to purchase common stock of Washington Federal Inc. Treasury said it sold 1.71 million warrants at $9.15 per warrant. The offerings were priced through a modified Dutch auction. The minimum bid was $5 per warrant. Treasury acquired the Washington Federal/quotes/comstock/15*!wfsl(WFSL19.88,+0.50,+2.58%) warrants in return for taxpayer assistance under t...Read article
Washington Federal warrants bring $15.39 million
2010-03-11 07:34:21
Quote: WASHINGTON (AP) -- The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's $700 billion bailout program.The Treasury said Wednesday that it sold 1.71 million warrants in an auction that took place the previous day. Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.The auction for the Seattle-based bank followed one held last we...Read article
Treasury announces 4 more warrant auctions
2010-02-23 01:29:34
Quote: The government received the warrants in return for the financial support provided from the $700 billion bailout fund.Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.In addition to Bank of America, headquartered in Charlotte, N.C., the new auctions will cover Washington Federal Inc. of Seattle; Texas Capital Bancshares Inc., based in Dallas, and Signature Bank, headquartered in New York City.The administration last month said in a report to Con...Read article
Treasury announces 4 more warrant auctions
2010-02-23 01:29:34
Quote: The government received the warrants in return for the financial support provided from the $700 billion bailout fund.Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.In addition to Bank of America, headquartered in Charlotte, N.C., the new auctions will cover Washington Federal Inc. of Seattle; Texas Capital Bancshares Inc., based in Dallas, and Signature Bank, headquartered in New York City.The administration last month said in a report to Con...Read article