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FINANCIAL INFORMATION – WAFD, INC. | 12 Months Ended
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Sep. 30, 2025
Condensed Financial Information Disclosure [Abstract] |
FINANCIAL INFORMATION – WAFD, INC. | FINANCIAL INFORMATION – WAFD, INC. 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, 2025 | September 30, 2024
| (In thousands)
Assets |  |
Cash | $35,447 | $25,966
Other assets | 13,588 | 18,024
Investment in statutory trust | 1,857 | 1,857
Investment in WaFd Wealth, Inc. | 2,836 | —
Investment in WaFd Bank | 3,042,944 | 3,009,845
Total assets | $3,096,672 | $3,055,692
Liabilities |  |
Dividend payable on preferred stock | $3,656 | $3,656
Junior subordinated deferrable debentures | 51,645 | 50,718
Other liabilities | 1,796 | 1,018
Total liabilities | 57,097 | 55,392
Shareholders’ equity |  |
Total shareholders’ equity | 3,039,575 | 3,000,300
Total liabilities and shareholders’ equity | $3,096,672 | $3,055,692
Condensed Statements of Operations |  |  |
Twelve Months Ended September 30, | 2025 | 2024 | 2023
| (In thousands)
Income |  |  |
Dividends from WaFd Bank | $200,000 | $140,000 | $56,490
Interest income | 116 | 78 | —
Total Income | 200,116 | 140,078 | 56,490
Expense |  |  |
Miscellaneous expense | 7,256 | 11,341 | 2,214
Total expense | 7,256 | 11,341 | 2,214
Net income (loss) before equity in undistributed net income (loss) of subsidiary | 192,860 | 128,737 | 54,276
Equity in undistributed net income (loss) of subsidiaries | 31,496 | 68,628 | 202,643
Income before income taxes | 224,356 | 197,365 | 256,919
Income tax benefit (expense) | 1,712 | 2,676 | 507
Net income | 226,068 | 200,041 | 257,426
Dividends on preferred stock | 14,625 | 14,625 | 14,625
Net income available to common shareholders | $211,443 | $185,416 | $242,801
Condensed Statements of Cash Flows |  |  |
Twelve Months Ended September 30, | 2025 | 2024 | 2023
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $226,068 | $200,041 | $257,426
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Undistributed earnings from investments in subsidiaries | (31,496) | (68,628) | (202,643)
Stock based compensation expense | 8,521 | 9,181 | 7,914
Net changes in other assets and liabilities | 2,801 | 2,531 | 1,365
Net cash provided by operating activities | 205,894 | 143,125 | 64,062
Cash Flows From Investing Activities |  |  |
Net cash received in business combinations | — | 16,173 | —
Equity method investments purchased | — | (3,000) | (12,500)
Net cash provided by (used in) investing activities | — | 13,173 | (12,500)
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 3,942 | 5,187 | 1,089
Proceeds from the purchase of common stock through the Employee Stock Purchase Program | 842 | 992 | 177
Repayment of long term senior debt | — | (95,000) | —
Treasury stock purchased | (101,931) | (27,069) | (30,463)
Dividends on preferred stock | (14,625) | (14,625) | (14,625)
Dividends on common stock | (84,639) | (74,267) | (63,792)
Net cash provided by (used in) financing activities | (196,411) | (204,782) | (107,614)
Increase (decrease) in cash | 9,483 | (48,484) | (56,052)
Cash at beginning of year | 25,966 | 74,450 | 130,502
Cash at end of year | $35,449 | $25,966 | $74,450

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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