Document


	As of 12/24					As of 03/25					As of 06/25
Allowance for Credit Losses (ACL) - Total	$	225,022				$	222,709				$	219,268
ACL - Loans	204,522					202,709					198,768
ACL - Unfunded Commitments	20,500					20,000					20,500
Total ACL as a % of Gross Loans	1.00		%			1.01		%			1.03		%







	12/24 QTR			12/24 YTD		03/25 QTR			03/25 YTD		06/25 QTR			06/25 YTD
Loan Originations - Total	$	930,689		$	930,689	$	913,759		$	1,844,448	$	697,031		$	2,541,479
Multi-Family	6,388			6,388		24,464			30,852		5,534			36,386
Commercial Real Estate	47,726			47,726		82,295			130,021		44,078			174,099
Commercial & Industrial	405,877			405,877		429,009			834,886		324,898			1,159,784
Construction	162,662			162,662		171,344			334,005		205,809			539,814
Land - Acquisition & Development	7,934			7,934		24,474			32,408		18,592			51,000
Single-Family Residential	156,117			156,117		48,088			204,205		7,481			211,686
Construction - Custom	51,009			51,009		28,986			79,995		—			79,995
Land - Consumer Lot Loans	4,968			4,968		2,372			7,340		—			7,340
HELOC	43,030			43,030		41,897			84,927		34,466			119,393
Consumer	44,978			44,978		60,830			105,808		56,173			161,981

Purchased Loans	$	102,016		$	102,016	$	3,847		$	105,863	$	3,960		$	109,823

Loan Repayments & Payoffs - Total	$	981,574		$	981,574	$	1,183,897		$	2,165,471	$	1,479,083		$	3,644,554
Multi-Family	63,136			63,136		80,455			143,591		158,024			301,615
Commercial Real Estate	114,179			114,179		106,057			220,236		153,541			373,777
Commercial & Industrial	338,005			338,005		476,377			814,382		465,037			1,279,419
Construction	116,331			116,331		164,167			280,498		290,942			571,440
Land - Acquisition & Development	29,960			29,960		25,047			55,007		21,063			76,070
Single-Family Residential	214,726			214,726		232,447			447,173		242,950			690,123
Construction - Custom	21,526			21,526		14,704			36,230		30,446			66,676
Land - Consumer Lot Loans	6,556			6,556		7,104			13,660		5,895			19,555
HELOC	34,048			34,048		32,659			66,707		46,221			112,928
Consumer	43,107			43,107		44,880			87,987		64,964			152,951

Weighted Average Rate on Originations	6.91		%			7.12		%			7.22		%
Weighted Average Rate on Payoffs	6.50		%			6.74		%			6.25		%

Net Loan Fee Accretion	$	3,070		$	3,070	$	3,192		$	6,262	$	3,093		$	9,355
Net Discount Accretion on Acquired Loans	$	6,930		$	6,930	$	6,447		$	13,377	$	6,512		$	19,889

MBS Repayments	$	68,287		$	68,287	$	59,306		$	127,593	$	94,310		$	221,903
MBS Net Premium Amortization	$	434		$	434	$	877		$	1,311	$	1,014		$	2,325


	As of 12/24				As of 03/25				As of 06/25
Loans Receivable by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,829,736	21.5	%	$	4,967,125	22.4	%	$	4,881,996	22.8	%
Commercial Real Estate	3,637,986		16.2		3,665,363		16.6		3,615,077		17.0
Commercial & Industrial	2,408,693		10.6		2,389,025		10.7		2,295,802		10.7
Construction	2,062,116		9.2		1,791,886		8.1		1,540,474		7.2
Land - Acquisition & Development	178,687		0.8		178,114		0.8		175,643		0.8
Single-Family Residential	8,520,833		38.0		8,401,084		37.9		8,231,623		38.5
Construction - Custom	335,715		1.5		287,461		1.3		188,109		0.9
Land - Consumer Lot Loans	107,205		0.5		102,475		0.5		96,582		0.5
HELOC	275,132		1.2		284,295		1.3		272,614		1.3
Consumer	75,933		0.3		91,899		0.4		69,912		0.3
	22,432,036		100	%	22,158,727		100	%	21,367,832		100	%
Less:
Loans in Process	903,253				798,996				673,338
Net Deferred Fees, Costs and Discounts	263,760				237,021				218,562
Loans at Amortized Cost	21,265,023				21,122,710				20,475,932

Less:
Allowance for Credit Losses (ACL) - Loans	204,522				202,709				198,768
Net Loans	$	21,060,501			$	20,920,001			$	20,277,164

Net Loan Portfolio by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,714,800	22.4	%	$	4,840,784	23.2	%	$	4,753,223	23.5	%
Commercial Real Estate	3,572,885		17.0		3,601,008		17.2		3,550,119		17.5
Commercial & Industrial	2,343,246		11.1		2,324,598		11.1		2,235,310		11.0
Construction	1,362,145		6.5		1,191,930		5.7		1,018,588		5.0
Land - Acquisition & Development	139,388		0.7		129,358		0.6		123,627		0.6
Single-Family Residential	8,320,765		39.5		8,223,356		39.3		8,068,150		39.8
Construction - Custom	154,495		0.7		136,424		0.7		94,625		0.5
Land - Consumer Lot Loans	103,961		0.4		99,370		0.4		93,659		0.4
HELOC	275,880		1.3		284,970		1.4		273,155		1.4
Consumer	72,936		0.3		88,203		0.4		66,708		0.3
	$	21,060,501	100	%	$	20,920,001	100	%	$	20,277,164	100	%


Loan Contractual Term to Maturity or Repricing1	Amount		Rate		Amount		Rate		Amount		Rate
Within 3 months	$	5,612,092	7.12%		$	5,577,953	6.98%		$	5,613,535	6.92%
From 4 to 6 months	372,974		5.83		410,864		5.69		287,877		4.63
From 7 to 9 months	328,727		3.19		341,198		4.70		401,319		4.77
From 10 to 12 months	371,071		4.90		377,179		4.76		376,346		4.46
1 to 3 years	3,070,702		4.04		3,063,242		4.22		2,728,113		4.22
3 to 5 years	1,850,505		4.95		1,811,205		4.94		1,743,810		4.98
More than 5 years	9,658,951		4.19		9,541,069		4.22		9,324,933		4.20
Total	$	21,265,022	5.04	%	$	21,122,710	5.06	%	$	20,475,933	5.04	%
1Includes the effect of derivatives.


	As of 12/24					As of 03/25					As of 06/25
Loans by State	Amount			%		Amount			%		Amount			%
Washington	$	5,857,840		27.5	%	$	5,726,161		27.1	%	$	5,590,478		27.3	%
Idaho	940,094			4.4		935,583			4.4		927,628			4.5
Oregon	2,477,443			11.7		2,505,629			11.9		2,498,467			12.2
Utah	2,114,388			9.9		2,129,700			10.1		1,980,098			9.7
Nevada	773,271			3.6		786,919			3.6		774,624			3.8
Texas	2,500,824			11.8		2,417,928			11.4		2,390,479			11.7
Arizona	2,333,725			11.0		2,355,148			11.1		2,299,764			11.2
New Mexico	766,170			3.6		802,884			3.8		791,212			3.9
California	3,037,930			14.3		2,979,107			14.1		2,891,410			14.1
Other	463,337			2.2		483,651			2.3		331,773			1.6
Total	$	21,265,022		100	%	$	21,122,710		100	%	$	20,475,933		100	%

Non-Performing Assets	Amount			%		Amount			%		Amount			%
Non-accrual loans:
Multi-Family	$	24,077		33.2	%	$	10,477		17.5	%	$	11,601		14.1	%
Commercial Real Estate	26,292			36.3		29,320			49.0		46,720			56.5
Commercial & Industrial	1,963			2.7		—			—		33			—
Construction	624			0.9		—			—		3,400			4.1
Land - Acquisition & Development	—			—		—			—		—			—
Single-Family Residential	17,440			24.1		18,734			31.3		19,246			23.3
Construction - Custom	848			1.2		847			1.4		847			1.0
Land - Consumer Lot Loans	8			—		8			—		8			—
HELOC	786			1.1		300			0.5		662			0.8
Consumer	449			0.6		200			0.3		179			0.2
Total non-accrual loans	72,487			100	%	59,886			100	%	82,696			100	%
Real Estate Owned	3,316					7,688					11,154
Other Property Owned	3,310					3,310					3,310
Total non-performing assets	$	79,113				$	70,884				$	97,160

Non-accrual loans as % of total net loans	0.34		%			0.29		%			0.41		%
Non-performing assets as % of total assets	0.29		%			0.26		%			0.36		%

Net Charge-offs (Recoveries) by Category	12/24 QTR			CO % (a)		03/25 QTR			CO % (a)		06/25 QTR			CO % (a)
Multi-Family	$	—		—	%	$	—		—	%	$	—		—	%
Commercial Real Estate	163			0.02		4,223			0.46		5,470			0.61
Commercial & Industrial	353			0.06		198			0.03		(89)			(0.02)
Construction	—			—		—			—		—			—
Land - Acquisition & Development	(12)			(0.03)		(8)			(0.02)		(6)			(0.01)
Single-Family Residential	(456)			(0.02)		331			0.02		(105)			(0.01)
Construction - Custom	—			—		—			—		(2)			—
Land - Consumer Lot Loans	—			—		—			—		—			—
HELOC	(1)			—		—			—		(1)			—
Consumer	184			0.97		319			1.39		174			1.00
Total net charge-offs (recoveries)	$	231		—	%	$	5,063		0.09	%	$	5,441		0.10	%


	12/24 QTR			12/24 YTD			03/25 QTR			03/25 YTD			06/25 QTR			06/25 YTD
Efficiency
Operating Expenses/Average Assets	1.62		%	1.62		%	1.53		%	1.58		%	1.56		%	1.57		%
Efficiency Ratio (%)	65.04		%	65.04		%	58.31		%	61.59		%	56.01		%	59.66		%
Amortization of Intangibles	$	2,755		$	2,755		$	2,553		$	5,308		$	2,369		$	7,677

EOP Numbers
Shares Issued and Outstanding	81,373,760						80,758,674						79,130,276

Share repurchase information
Remaining shares authorized for repurchase	11,501,005						10,777,898						9,129,488
Shares repurchased	89,528			89,528			726,082			815,610			1,662,508			2,478,118
Average share repurchase price	$	38.09		$	38.09		$	29.39		$	30.35		$	29.08		$	29.49


	As of 12/24					As of 03/25					As of 06/25
Deposits & Branches by State	Amount		%		#	Amount		%		#	Amount		%		#
Washington	$	8,589,398	40.1	%	73	$	8,723,693	40.7	%	73	$	8,716,662	40.8	%	73
Idaho	946,554		4.4		22	949,570		4.4		21	933,759		4.4		21
Oregon	2,704,966		12.6		36	2,798,850		13.1		36	2,779,995		13.0		36
Utah	573,469		2.7		9	601,503		2.8		9	619,203		2.9		9
Nevada	531,383		2.5		8	538,439		2.5		8	547,488		2.5		8
Texas	683,513		3.2		5	398,210		1.9		5	524,380		2.4		5
Arizona	1,628,742		7.6		28	1,676,939		7.8		28	1,666,381		7.8		28
New Mexico	1,568,788		7.3		19	1,666,280		7.8		19	1,711,722		8.0		18
California	4,211,964		19.6		10	4,073,942		19.0		10	3,886,981		18.2		10
Total	$	21,438,777	100	%	210	$	21,427,426	100	%	209	$	21,386,571	100	%	208

Deposits by Type	Amount		%			Amount		%			Amount		%
Non-Interest Checking	$	2,489,394	11.6	%		$	2,400,172	11.2	%		$	2,487,816	11.6	%
Interest Checking	4,554,922		21.2			4,625,596		21.6			4,705,457		22.0
Savings	714,755		3.4			715,199		3.4			703,085		3.4
Money Market	4,094,788		19.1			4,113,017		19.2			4,072,766		19.0
Time Deposits	9,584,918		44.7			9,573,442		44.7			9,417,447		44.0
Total	$	21,438,777	100	%		$	21,427,426	100	%		$	21,386,571	100	%

Deposits Uninsured & Non-collateralized - EOP	$	5,317,511	24.8	%		$	5,490,142	25.6	%		$	5,094,400	23.8	%

Time Deposit Repricing	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	3,744,158	4.59	%		$	3,380,830	4.31	%		$	3,287,622	4.21	%
From 4 to 6 months	2,655,054		4.38	%		3,153,646		4.23	%		3,340,791		3.79	%
From 7 to 9 months	1,538,725		4.49	%		1,412,021		3.86	%		1,157,423		3.73	%
From 10 to 12 months	836,930		3.41	%		962,710		3.39	%		1,253,435		3.73	%

Borrowings (Effective Maturity)	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	1,850,825	4.84	%		$	1,750,000	4.50	%		$	925,000	4.49	%
From 4 to 6 months	—		—	%		—		—	%		—		—	%
From 7 to 9 months	—		—	%		—		—	%		100,000		1.60	%
From 10 to 12 months	—		—	%		100,000		1.67	%		—		—	%
1 to 3 years	194,284		3.14	%		95,193		4.66	%		96,112		4.66	%
3 to 5 years	18,400		—	%		18,565		0.04	%		18,564		0.04	%
More than 5 years	851,118		1.15	%		851,180		0.95	%		851,411		0.86	%
Total	$	2,914,627				$	2,814,938				$	1,991,087


	Quarter Ended
	December 31, 2024						March 31, 2025						June 30, 2025
	Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
Assets
Loans receivable	$	20,954,663	$	286,597	5.43	%	$	20,918,986	$	282,077	5.47	%	$	20,592,807	$	279,476	5.44	%
Mortgage-backed securities	1,882,688		18,337		3.86		2,369,535		23,926		4.10		2,708,789		27,855		4.12
Cash & investments	2,855,030		37,941		5.27		2,216,944		27,631		5.05		1,683,378		21,544		5.13
FHLB Stock	106,062		2,242		8.39		123,346		2,450		8.06		106,816		2,839		10.66

Total interest-earning assets	25,798,443		345,117		5.31	%	25,628,811		336,084		5.32	%	25,091,790		331,714		5.30	%
Other assets	1,706,133						1,742,509						1,721,710
Total assets	$	27,504,576					$	27,371,320					$	26,813,500

Liabilities and Shareholders' Equity
Interest-bearing customer accounts	$	18,743,048	162,150		3.43	%	$	18,881,290	151,948		3.26	%	$	18,769,137	146,735		3.14	%
Borrowings	2,899,012		27,536		3.77		2,723,664		23,226		3.46		2,226,086		16,991		3.06


Total interest-bearing liabilities	21,642,060		189,686		3.48	%	21,604,954		175,174		3.29	%	20,995,223		163,726		3.13	%
Noninterest-bearing customer accounts	2,523,510						2,448,965						2,493,365
Other liabilities	323,809						278,380						294,167
Total liabilities	24,489,379						24,332,299						23,782,755
Stockholders’ equity	3,015,197						3,039,021						3,030,745
Total liabilities and equity	$	27,504,576					$	27,371,320					$	26,813,500

Net interest income/interest rate spread			$	155,431	1.83	%			$	160,910	2.03	%			$	167,988	2.17	%

Net interest margin(1)					2.39	%					2.55	%					2.69	%


						# of Loans
Type of Loans	#Loans	AVG Size	Loans Amortized Cost			30	60	90	Total	% Based on #		$ Delinquent			% Based on #
June 30, 2025
Multi-Family	1,872	2,553		$	4,780,029	1	2	4	7	0.37	%		$	9,605	0.20	%
Commercial Real Estate	1,276	2,815		3,592,395		3	1	4	8	0.63			4,743		0.13
Commercial & Industrial	5,338	429		2,292,082		10	16	22	48	0.90			835		0.04
Construction	371	2,792		1,035,701		—	—	—	—	—			—		—
Land - Acquisition & Development	77	1,689		130,035		—	—	—	—	—			—		—
Single-Family Residential	21,172	383		8,108,147		51	13	54	118	0.56			34,933		0.43
Construction - Custom	191	499		95,372		—	—	2	2	1.05			848		0.89
Land - Consumer Lot Loans	925	104		95,935		3	—	2	5	0.54			298		0.31
HELOC	4,314	64		276,278		11	2	4	17	0.39			2,182		0.79
Consumer	6,300	11		69,959		22	9	40	71	1.13			344		0.49
	41,836	489		$	20,475,933	101	43	132	276	0.66	%		$	53,788	0.26	%

March 31, 2025
Multi-Family	1,901	2,560		$	4,867,340	12	—	3	15	0.79	%		$	15,220	0.31	%
Commercial Real Estate	1,288	2,826		3,639,477		2	1	2	5	0.39			3,821		0.10
Commercial & Industrial	2,057	1,159		2,384,745		10	1	10	21	1.02			53		—
Construction	370	3,274		1,211,336		—	—	—	—	—			—		—
Land - Acquisition & Development	70	1,944		136,061		—	—	—	—	—			—		—
Single-Family Residential	21,516	384		8,264,318		46	15	60	121	0.56			34,312		0.42
Construction - Custom	266	517		137,501		—	—	2	2	0.75			848		0.62
Land - Consumer Lot Loans	976	104		101,784		1	—	2	3	0.31			175		0.17
HELOC	4,473	64		288,228		12	6	6	24	0.54			2,835		0.98
Consumer	8,463	11		91,920		22	18	42	82	0.97			683		0.74
	41,380	510		$	21,122,710	105	41	127	273	0.66	%		$	57,947	0.27	%

December 31, 2024
Multi-Family	1,922	2,467		$	4,740,797	10	3	10	23	1.20	%		$	23,504	0.50	%
Commercial Real Estate	1,282	2,817		3,610,758		1	1	3	5	0.39			670		0.02
Commercial & Industrial	1,792	1,341		2,403,719		12	5	9	26	1.45			2,246		0.09
Construction	389	3,555		1,383,048		2	1	2	5	1.29			4,495		0.33
Land - Acquisition & Development	78	1,880		146,609		—	—	—	—	—			—		—
Single-Family Residential	21,643	386		8,362,881		34	17	59	110	0.51			29,597		0.35
Construction - Custom	308	506		155,714		—	—	2	2	0.65			848		0.54
Land - Consumer Lot Loans	998	107		106,489		2	—	2	4	0.40			333		0.31
HELOC	4,466	62		279,039		9	3	10	22	0.49			2,037		0.73
Consumer	7,947	10		75,969		16	15	70	101	1.27			712		0.94
	40,825	521		$	21,265,023	86	45	167	298	0.73	%		$	64,442	0.30	%


Tangible Common Shareholders' Book Value	As of 12/24		As of 03/25		As of 06/25
$ Amount	$	2,272,423	$	2,285,960	$	2,270,034
Per Share	27.93		28.31		28.69

# of Employees	2,175		2,018		2,004

Investments
Available-for-sale:
Agency MBS	$	1,600,089	$	2,074,672	$	2,411,707
Other	1,143,642		1,068,091		975,790
	$	2,743,731	$	3,142,763	$	3,387,497
Held-to-maturity:
Agency MBS	$	537,348	$	526,502	$	512,854
	$	537,348	$	526,502	$	512,854


	12/24 QTR		12/24 YTD		03/25 QTR		03/25 YTD		06/25 QTR		06/25 YTD
Net Premium(Discount) Amortization on Acquired Deposits and Borrowings	$	(2,920)	$	(2,920)	$	(1,811)	$	(4,731)	$	(1,149)	$	(5,880)


Historical CPR Rates (c)
Average for Quarter Ended:	WAFD SFR Mortgages		WAFD GSE MBS
6/30/2023	7.9	%	11.8	%
9/30/2023	7.0	%	14.5	%
12/31/2023	6.6	%	9.7	%
3/31/2024	4.8	%	8.7	%
6/30/2024	6.6	%	12.0	%
9/30/2024	8.6	%	12.9	%
12/31/2024	8.1	%	12.7	%
3/31/2025	8.1	%	9.1	%
6/30/2025	9.0	%	12.5	%


Interest Rate Risk(b)	As of 12/24			As of 03/25			As of 06/25

NPV post up 100 bps shock		10.2	%		10.0	%		10.6	%
NPV post down 100 bps shock		12.2	%		12.2	%		12.6	%
Change in NII after up 100 bps shock		1.4	%		0.5	%		1.1	%
Change in NII after down 100 bps shock		2.0	%		4.4	%		4.0	%
(b)Assumes no balance sheet management actions taken.


			WaFd Fact Sheet Q3 2025			1


			WaFd Fact Sheet Q3 2025			2


			WaFd Fact Sheet Q3 2025			3


			WaFd Fact Sheet Q3 2025			4