WaFd Inc. Depositary Shares (WAFDP)

FairStock Score: 79/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with business quality and price. WaFd is a deposit-funded regional bank with 2,055 employees. In fiscal Q3 2026, the quarter ended 2026-06-30, it filed net income of $66.1M and diluted EPS of $0.84. For fiscal year 2025, period ended 2025-09-30, it filed $29.6M of revenue, $226.1M of net income and $2.63 of diluted EPS. That compared with fiscal year 2024, period ended 2024-09-30, revenue of $27.5M, net income of $200.0M and EPS of $2.50, and fiscal year 2023, period ended 2023-09-30, revenue of $26.1M, net income of $257.4M and EPS of $3.72. So recent profits have improved from fiscal 2024 but remain below fiscal 2023. At the 2026-10-13 close of $14.97, FairStock calculates a P/E of 5.46, P/B of 0.41, ROE of 8.50%, PEG of 0.81, a Piotroski F-Score of 5/9 and a FairStock Score of 79/100. A sub-one price-to-book and mid-single-digit P/E suggest the market doubts asset quality or future returns. The 8.14% dividend yield is attractive, but depositary distributions need to be covered by earnings and capital. CET1, net interest margin, efficiency ratio, nonperforming loans and combined ratio are not in the data, so I cannot verify credit or capital strength. FairStock's Lynch category is SLOW GROWER, with profit growth of 5.4% a year over five years and revenue growth of 4.6%. Beta of 0.88 implies below-market volatility. The price looks cheap, but the missing bank-specific metrics mean the margin of safety is not proven.

In plain English: WaFd is a regional bank holding company that takes deposits and makes loans, mostly for homes and commercial property. The business is profitable and pays a high income, but earnings have not grown smoothly and the depositary shares trade near the bottom of their 52-week range. Compared with the bank's earnings and accounting value, the price looks cheap, though missing details on loan quality and capital make that cheapness uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer