WaFd posted stronger fiscal third-quarter earnings with net income of $62.5 million, or $0.84 per diluted share, up from $0.73 a year earlier. The improvement was driven by modestly higher net interest income and non-interest income, along with controlled expenses. Loan growth returned for a second straight quarter, with active portfolios up 10% sequentially and C&I lending leading the way. Loan growth outpaced repayments, even as deposit competition remained intense and total deposits fell by $192 million. Credit quality showed some pressure but remained manageable, as criticized loans rose to 4.9% of net loans and the bank booked an $11 million provision for credit losses. WaFd also highlighted strong capital levels and said it remains disciplined on buybacks and M&A while pursuing its Build 2030 deposit and business-lending goals.
WaFd, Inc.Higher Q3 earnings with net income up to $0.84 per share from $0.73, driven by higher net interest income and controlled expenses.
ASML Holding N.V.