Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- WaFd's Q2 earnings of 73 cents/share exceeded estimates, but down 13.1% sequentially. - Acquisition of Luther Burbank Corporation contributed to higher loan and deposit balances. - Revenues rose 4.1% from the prior quarter, beating estimates, NII grew 4.2%. - Expenses rose 6.6%, efficiency ratio increased to 58.5% sequentially. - Credit quality showed mixed results, with a decrease in provisions and allowance for credit losses. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- WaFd's Q2 earnings of 73 cents/share exceeded estimates, but down 13.1% sequentially.
- Acquisition of Luther Burbank Corporation contributed to higher loan and deposit balances.
- Revenues rose 4.1% from the prior quarter, beating estimates, NII grew 4.2%.
- Expenses rose 6.6%, efficiency ratio increased to 58.5% sequentially.
- Credit quality showed mixed results, with a decrease in provisions and allowance for credit losses.
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