WaFd, Inc. (WAFD)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$36.30+0.89%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
Intact: The reason to own it still holds.
WaFd is growing net income, up from $60.6M to $65.5M in recent quarters. Operating income rose from $77.6M to $83.8M, showing better profit. Cash from operations increased from $57.4M to $79.4M, supporting stable business activities.
Revenue is expected to decline sharply by about 32% next year. If this happens, it could hurt earnings and cash flow. Also, management changes may disrupt execution.
The market price is about 7% above our estimate of intrinsic value. Analysts expect revenue to fall about 32% next year, which is a significant headwind. Our view is more optimistic on earnings and cash flow growth.
Breaks if: Cash from operations falls below $57.4M in any quarter after Q2 2026
Breaks if: Net income falls below $60.6M in any quarter after Q2 2026
Focus on increasing net income through operational efficiencies and revenue growth.
Breaks if: Operating income falls below $77.6M in any quarter after Q2 2026
Breaks if: Revenue declines more than 10% YoY in FY27
Focus on increasing net income through operational efficiencies and revenue growth.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady growth. The current thesis state is intact, supported by recent financial performance and management priorities.
The market currently prices WAFD as cheap compared to its peers, with a low expectations gap. There is a justified valuation, indicating that the stock is not overly sensitive to short-term fluctuations.
Fundamentals are likely to remain stable due to management's focus on increasing net income and enhancing operating efficiency. Recent results show positive trends in net income and operating income, although there is a moderate risk of earnings misses.
The long-term thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to perform well, WAFD may benefit from the overall momentum in the Financials sector.
Overall, WAFD's fundamentals and sector conditions support a stable outlook for the next 1 to 3 years. Not investment advice.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved view. There are no current threats impacting the thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.