Seattle, WA · Cert 28088 · Wafd Inc.
State charter, non-member · FDIC · 212 branches
Q2 2026
Market Position · Seattle-Tacoma-Bellevue, WA · 2026 SOD (annual) · 4.5% share · #7 of 43 inst. · $6.4B of $143.1B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.93% | 0.91% | 0.99% | 0.99% | 0.99% | +6 bps | |
| Return on Equity | 8.36% | 8.00% | 8.74% | 8.98% | 9.03% | +67 bps | |
| Net Interest Margin | 2.59% | 2.66% | 2.63% | 2.69% | 2.72% | +13 bps | |
| Efficiency Ratio | 54.21% | 55.01% | 52.91% | 53.36% | 51.84% | -237 bps | |
| Non-Interest Burden | 1.31% | 1.37% | 1.27% | 1.33% | 1.27% | -4 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -6.46% | -4.88% | -1.45% | -0.28% | 3.21% | +967 bps | |
| Loan Growth (YoY) | -4.96% | -3.95% | -5.74% | -4.52% | -1.20% | +376 bps | |
| Deposit Growth (YoY) | 0.70% | 0.28% | -0.28% | -1.61% | -2.15% | -285 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.40% | 0.63% | 0.95% | 0.61% | 0.63% | +23 bps | |
| Net Charge-Offs / Loans | 0.11% | 0.02% | 0.07% | 0.01% | 0.03% | -7 bps | |
| Allowance / Loans | 0.97% | 0.98% | 1.00% | 1.00% | 1.06% | +9 bps | |
| Allowance Coverage of NPLs | 2.4x | 1.6x | 1.0x | 1.6x | 1.7x | -0.7x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.49% | 9.61% | 9.55% | 9.17% | 9.21% | -28 bps | |
| Total Risk-Based Capital | 14.58% | 14.55% | 14.60% | 14.19% | 14.14% | -44 bps | |
| Equity / Assets | 11.33% | 11.40% | 11.20% | 10.88% | 10.98% | -35 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 95.20% | 94.01% | 93.24% | 94.97% | 96.13% | +92 bps | |
| Liquid Assets / Assets | 4.26% | 4.28% | 4.91% | 4.56% | 4.96% | +71 bps | |
| CRE / Total Capital | n/a | 404% | 400% | 411% | n/a | n/a | |