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WaFd Announces Quarterly Earnings Per Share of $0.73

1. WaFd, Inc. reported strong Q3 earnings with $62 million net income. 2. Reduced borrowing costs and improved margins boosted net interest income.

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FAQ

Why Bullish?

Strong earnings and reduced costs indicate robust financial health, similar to positive reactions in previous earnings announcements.

How important is it?

The reported earnings and cost efficiency directly relate to investor confidence and future growth potential.

Why Short Term?

Earnings reports typically influence stock prices immediately post-announcement, as observed historically with other banks.

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BANCKEYWFC
SEATTLE--(BUSINESS WIRE)---- $wafd #banking--WaFd, Inc. (Nasdaq: WAFD): Q3 Highlights   $62 Million   $0.73   0.92%   10.2% Net Income   Diluted Earnings per Common Share   Return on Average Assets   Return on Tangible Common Equity   "The third quarter delivered strong core earnings driven by improved margin and resultant net interest income. Our cost of funds in dollars decreased 6.5% on a linked quarter basis, benefiting from lower rates on deposits and reduced borrowings as we chose to shrink the balance shee.

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