USX:WAFDP - Washington Federal, Inc Washington Federal, Inc
Sector: Financials, Industry: Regional Banks
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USD 26.17    +0.140 (+0.54%)
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23 Jul 2021


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General

CEO: Mr. Brent J. Beardall CPA

IPO: 2021-02-02

Headquarters: US

Homepage

Description

Washington Federal Inc runs more than 200 offices across eight states, primarily in the West. Key states include Washington, Oregon, and Arizona, which account for nearly 80% of loans. Profits are derived mostly from interest sources, as non-interest income makes up only about 7% of net revenue. Most of the loan book is oriented toward single-family mortgages, which account for 65% of the portfolio. Multifamily loans account for nearly 11%, and commercial real estate loans for about an additional 8%.