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Financial Information - WAFD, Inc.. (Tables) | 12 Months Ended
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Sep. 30, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Information of Parent Company | The following WaFd, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements.
Condensed Statements of Financial Condition |  |
| September 30, 2023 | September 30, 2022
| (In thousands)
Assets |  |
Cash | $ | 74,450 |  | $ | 130,502 |
Other assets | 16,171 |  | 5,000 |
Investment in subsidiary | 2,340,199 |  | 2,143,116 |
Total assets | $ | 2,430,820 |  | $ | 2,278,618 |
Liabilities |  |
Dividend payable on preferred stock | $ | 3,656 |  | $ | 3,656 |
Other liabilities | 738 |  | 702 |
Total liabilities | 4,394 |  | 4,358 |
Shareholders’ equity |  |
Total shareholders’ equity | 2,426,426 |  | 2,274,260 |
Total liabilities and shareholders’ equity | $ | 2,430,820 |  | $ | 2,278,618 |
Condensed Statements of Operations |  |  |
Twelve Months Ended September 30, | 2023 | 2022 | 2021
| (In thousands)
Income |  |  |
Dividends from subsidiary | $ | 56,490 |  | $ | 172,850 |  | $ | 92,400 |
Total Income | 56,490 |  | 172,850 |  | 92,400 |
Expense |  |  |
Miscellaneous expense | 2,214 |  | 619 |  | 626 |
Total expense | 2,214 |  | 619 |  | 626 |
Net income (loss) before equity in undistributed net income (loss) of subsidiary | 54,276 |  | 172,231 |  | 91,774 |
Equity in undistributed net income (loss) of subsidiaries | 202,643 |  | 63,956 |  | 91,697 |
Income before income taxes | 256,919 |  | 236,187 |  | 183,471 |
Income tax benefit (expense) | 507 |  | 143 |  | 144 |
Net income | 257,426 |  | 236,330 |  | 183,615 |
Dividends on preferred stock | 14,625 |  | 14,625 |  | 10,034 |
Net income available to common shareholders | $ | 242,801 |  | $ | 221,705 |  | $ | 173,581 |
Condensed Statements of Cash Flows |  |  |
Twelve Months Ended September 30, | 2023 | 2022 | 2021
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $ | 257,426 |  | $ | 236,330 |  | $ | 183,615 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Undistributed earnings from investments in subsidiaries | (202,643) |  | (63,956) |  | (91,697) |
Distributions in excess of earnings from investments in subsidiaries | — |  | — |  | — |
Stock based compensation expense | 7,914 |  | 6,808 |  | 6,381 |
Decrease in other assets | 1,329 |  | — |  | — |
Increase in other liabilities | 36 |  | 262 |  | 440 |
Net cash provided by operating activities | 64,062 |  | 179,444 |  | 98,739 |
Cash Flows From Investing Activities |  |  |
Purchase of strategic investments | (12,500) |  | — |  | — |
Net cash provided by (used in) investing activities | (12,500) |  | — |  | — |
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 1,089 |  | 1,823 |  | 339 |
Proceeds from issuance of preferred stock, net | — |  | — |  | 293,325 |
Proceeds from the purchase of common stock through the Employee Stock Purchase Program | 177 |  | — |  | — |
Treasury stock purchased | (30,463) |  | (3,260) |  | (348,651) |
Dividends on preferred stock | (14,625) |  | (14,625) |  | (6,378) |
Dividends on common stock | (63,792) |  | (61,576) |  | (65,876) |
Net cash provided by (used in) financing activities | (107,614) |  | (77,638) |  | (127,241) |
Increase (decrease) in cash | (56,052) |  | 101,806 |  | (28,502) |
Cash at beginning of year | 130,502 |  | 28,696 |  | 57,198 |
Cash at end of year | $ | 74,450 |  | $ | 130,502 |  | $ | 28,696 |

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