Document


	As of 06/25					As of 09/25					As of 12/25
Allowance for Credit Losses (ACL) - Total	$	219,268				$	221,220				$	221,039
ACL - Loans	198,768					199,720					199,539
ACL - Unfunded Commitments	20,500					21,500					21,500
Total ACL as a % of Gross Loans	1.03%		%			1.04%		%			1.05%		%







Active Loan Types	06/25 QTR			06/25 YTD		09/25 QTR			09/25 YTD		12/25 QTR			12/25 YTD
Originations & Advances
Multi-Family	$	5,534		$	36,386	$	67,649		$	104,035	$	131,805		$	131,805
Commercial Real Estate	44,078			174,099		210,650			384,749		123,439			123,439
Commercial & Industrial	324,898			1,159,784		507,280			1,667,064		502,134			502,134
Construction	205,809			539,815		498,368			1,038,182		276,369			276,369
Land - Acquisition & Development	18,592			51,000		43,864			94,864		18,650			18,650
Consumer	56,173			161,981		44,962			206,943		40,745			40,745
	$	655,084		$	2,123,065	$	1,372,773		$	3,495,837	$	1,093,142		$	1,093,142
Repayments & Payoffs
Multi-Family	$	158,024		$	301,615	$	74,857		$	376,472	$	169,890		$	169,890
Commercial Real Estate	153,541			373,777		187,130			560,907		191,596			191,596
Commercial & Industrial	465,037			1,279,419		408,027			1,687,446		371,788			371,788
Construction	290,942			571,440		459,122			1,030,562		220,062			220,062
Land - Acquisition & Development	21,063			76,070		40,407			116,477		19,981			19,981
Consumer	64,964			152,951		55,707			208,658		49,090			49,090
	$	1,153,571		$	2,755,272	$	1,225,250		$	3,980,522	$	1,022,407		$	1,022,407
Inactive Loan Types
Originations & Advances
Single-Family Residential	7,481			211,686		—			211,686		—			—
Construction - Custom	—			79,995		15,840			95,835		—			—
Land - Consumer Lot Loans	—			7,340		—			7,340		—			—
HELOC	34,466			119,393		26,108			145,501		25,407			25,407
	$	41,947		$	418,414	$	41,948		$	460,362	$	25,407		$	25,407
Repayments & Payoffs
Single-Family Residential	242,950			690,123		226,780			916,903		270,137			270,137
Construction - Custom	30,446			66,676		10,467			77,143		12,799			12,799
Land - Consumer Lot Loans	5,895			19,555		7,286			26,841		6,254			6,254
HELOC	46,221			112,928		30,839			143,767		32,038			32,038
	$	325,512		$	889,282	$	275,372		$	1,164,654	$	321,228		$	321,228

Purchased Loans	$3,960			$109,823		$3,246			$113,069		$9,926			$9,926

Weighted Average Rate on Originations	7.22 %		%			6.87 %		%			5.99 %		%
Weighted Average Rate on Payoffs	6.25 %		%			6.35 %		%			6.31 %		%

Net Loan Fee Accretion	$	3,093		$	9,355	$	3,515		$	12,870	$	3,267		$	3,267
Net Discount Accretion on Acquired Loans	$	6,512		$	19,889	$	5,242		$	25,131	$	6,101		$	6,101


	As of 06/25				As of 09/25				As of 12/25
Loans Receivable by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,881,996	22.8%	%	$	4,718,480	22.2 %	%	$	4,698,342	22.3%	%
Commercial Real Estate	3,615,077		17.0		3,604,600		17.0		3,561,865		17.0
Commercial & Industrial	2,295,802		10.7		2,392,685		11.2		2,530,666		12.0
Construction	1,540,474		7.2		1,756,890		8.2		1,742,158		8.3
Land - Acquisition & Development	175,643		0.8		179,099		0.8		177,768		0.8
Single-Family Residential	8,231,623		38.5		8,053,771		37.9		7,823,718		37.2
Construction - Custom	188,109		0.9		150,237		0.7		105,576		0.5
Land - Consumer Lot Loans	96,582		0.5		89,298		0.4		83,046		0.4
HELOC	272,614		1.3		267,871		1.3		261,240		1.3
Consumer	69,912		0.3		61,461		0.3		52,701		0.3
	21,367,832		100%	%	21,274,392		100%	%	21,037,080		100%	%
Less:
Loans in Process	673,338				773,606				783,233
Net Deferred Fees, Costs and Discounts	218,562				212,448				206,152
Loans at Amortized Cost	20,475,932				20,288,338				20,047,695

Less:
Allowance for Credit Losses (ACL) - Loans	198,768				199,720				199,539
Net Loans	$	20,277,164			$	20,088,618			$	19,848,156

Net Loan Portfolio by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,753,223	23.5%	%	$	4,605,368	23.0%	%	$	4,591,242	23.1%	%
Commercial Real Estate	3,550,119		17.5		3,546,962		17.7		3,505,521		17.7
Commercial & Industrial	2,235,310		11.0		2,327,200		11.6		2,462,384		12.4
Construction	1,018,588		5.0		1,086,965		5.4		1,025,434		5.2
Land - Acquisition & Development	123,627		0.6		133,027		0.6		139,326		0.7
Single-Family Residential	8,068,150		39.8		7,898,051		39.3		7,674,094		38.7
Construction - Custom	94,625		0.5		77,633		0.4		57,916		0.3
Land - Consumer Lot Loans	93,659		0.4		86,591		0.3		80,533		0.3
HELOC	273,155		1.4		268,218		1.4		261,512		1.3
Consumer	66,708		0.3		58,603		0.3		50,194		0.3
	$	20,277,164	100%	%	$	20,088,618	100%	%	$	19,848,156	100%	%


Loan Contractual Term to Maturity or Repricing1	Amount		Rate		Amount		Rate		Amount		Rate
Within 3 months	$	7,703,535	6.93%		$	7,597,733	6.74%		$	7,195,026	6.67%
From 4 to 6 months	287,877		4.63		510,018		5.22		348,029		4.39
From 7 to 9 months	401,319		4.77		458,216		4.54		549,421		4.41
From 10 to 12 months	376,346		4.46		560,805		4.37		452,195		3.95
1 to 3 years	2,728,113		4.22		2,427,306		4.30		2,210,585		4.48
3 to 5 years	1,743,810		4.98		1,790,498		5.14		1,831,468		5.17
More than 5 years	7,234,933		4.20		6,943,762		4.20		7,460,971		4.18
Total	$	20,475,933	5.32 %	%	$	20,288,338	5.28 %	%	$	20,047,695	5.20 %	%
1Includes the effect of derivatives.


	As of 06/25					As of 09/25					As of 12/25
Loans by State	Amount			%		Amount			%		Amount			%
Washington	$	5,590,478		27.3%	%	$	5,593,068		27.6%	%	$	5,483,287		27.4%	%
Idaho	927,628			4.5		916,571			4.5		889,654			4.4
Oregon	2,498,467			12.2		2,467,622			12.2		2,393,259			11.9
Utah	1,980,098			9.7		1,905,473			9.4		1,875,494			9.4
Nevada	774,624			3.8		809,737			4.0		810,694			4.0
Texas	2,390,479			11.7		2,313,800			11.4		2,323,979			11.6
Arizona	2,299,764			11.2		2,302,659			11.3		2,230,436			11.1
New Mexico	791,212			3.9		791,414			3.9		800,433			4.0
California	2,891,410			14.1		2,833,719			14.0		2,779,329			13.9
Other	331,773			1.6		354,275			1.7		461,130			2.3
Total	$	20,475,933		100%	%	$	20,288,338		100%	%	$	20,047,695		100%	%

Non-Performing Assets	Amount			%		Amount			%		Amount			%
Non-accrual loans:
Multi-Family	$	11,601		14.1%	%	$	19,121		15.0%	%	$	31,710		16.5%	%
Commercial Real Estate	46,720			56.5		69,972			54.4		68,501			35.8
Commercial & Industrial	33			—		11,047			8.6		58,180			30.4
Construction	3,400			4.1		3,400			2.6		3,400			1.8
Land - Acquisition & Development	—			—		—			—		—			—
Single-Family Residential	19,246			23.3		23,741			18.4		26,579			13.9
Construction - Custom	847			1.0		760			0.6		2,054			1.1
Land - Consumer Lot Loans	8			—		23			—		270			0.1
HELOC	662			0.8		412			0.3		481			0.3
Consumer	179			0.2		152			0.1		173			0.1
Total non-accrual loans	82,696			100%	%	128,628			100%	%	191,348			100%	%
Real Estate Owned	11,154					11,084					8,738
Other Property Owned	3,310					3,310					3,310
Total non-performing assets	$	97,160				$	143,022				$	203,396

Non-accrual loans as % of total net loans	0.41 %		%			0.64 %		%			0.96 %		%
Non-performing assets as % of total assets	0.36 %		%			0.54 %		%			0.75 %		%

Net Charge-offs (Recoveries) by Category	06/25 QTR			CO % (a)		09/25 QTR			CO % (a)		12/25 QTR			CO % (a)
Multi-Family	$	373		0.03%	%	$	182		0.02%	%	$	—		—%	%
Commercial Real Estate	5,097			0.56		—			—		(648)			(0.07)
Commercial & Industrial	(89)			(0.02)		577			0.10		4,191			0.66
Construction	—			—		—			—		—			—
Land - Acquisition & Development	(6)			(0.01)		(7)			(0.02)		(109)			(0.25)
Single-Family Residential	(105)			(0.01)		(4)			—		45			—
Construction - Custom	(2)			—		(2)			(0.01)		(2)			(0.01)
Land - Consumer Lot Loans	—			—		—			—		—			—
HELOC	(1)			—		(1)			—		—			—
Consumer	174			1.00		303			1.97		204			1.55
Total net charge-offs (recoveries)	$	5,441		0.10%	%	$	1,048		0.02%	%	$	3,681		0.07%	%


	06/25 QTR			06/25 YTD			09/25 QTR			09/25 YTD			12/25 QTR			12/25 YTD
Efficiency
Operating Expenses/Average Assets	1.56%		%	1.57%		%	1.61%		%	1.58%		%	1.57%		%	1.57%		%
Efficiency Ratio (%)	56.01%		%	59.66%		%	56.82%		%	58.92%		%	55.25%		%	55.25%		%
Amortization of Intangibles	$	2,369		$	7,677		$	2,198		$	9,875		$	2,058		$	2,058

EOP Numbers
Shares Issued and Outstanding	79,130,276						78,186,520						76,448,351

Share repurchase information
Remaining shares authorized for repurchase	9,129,488						8,162,654						6,256,136
Shares repurchased	1,662,508			2,478,118			969,653			3,447,771			1,950,013			1,950,013
Average share repurchase price	$	29.08		$	29.49		$	29.74		$	29.56		$	29.75		$	29.75


	As of 06/25					As of 09/25					As of 12/25
Deposits & Branches by State	Amount		%		#	Amount		%		#	Amount		%		#
Washington	$	8,716,662	40.8%	%	73	$	8,685,124	40.5%	%	73	$	8,479,452	39.6%	%	73
Idaho	933,759		4.4		21	935,047		4.4		21	936,443		4.4		21
Oregon	2,779,995		13.0		36	2,724,526		12.7		36	2,926,616		13.7		36
Utah	619,203		2.9		9	601,054		2.8		9	550,998		2.6		9
Nevada	547,488		2.5		8	559,906		2.5		8	532,178		2.5		8
Texas	524,380		2.4		5	760,636		3.6		5	1,171,402		5.4		5
Arizona	1,666,381		7.8		28	1,641,460		7.7		28	1,651,572		7.7		28
New Mexico	1,711,722		8.0		18	1,802,886		8.4		18	1,675,873		7.8		18
California	3,886,981		18.2		10	3,726,997		17.4		10	3,492,436		16.3		10
Total	$	21,386,571	100%	%	208	$	21,437,636	100%	%	208	$	21,416,970	100%	%	208

Deposits by Type	Amount		%			Amount		%			Amount		%
Non-Interest Checking	$	2,487,816	11.6%	%		$	2,567,539	12.0%	%		$	2,692,680	12.6%	%
Interest Checking	4,705,457		22.0			4,865,808		22.7			5,187,008		24.2
Savings	703,085		3.4			701,558		3.3			722,188		3.5
Money Market	4,072,766		19.0			4,171,627		19.4			4,264,098		19.9
Time Deposits	9,417,447		44.0			9,131,104		42.6			8,550,996		39.8
Total	$	21,386,571	100%	%		$	21,437,636	100%	%		$	21,416,970	100%	%

Deposits Uninsured & Non-collateralized - EOP	$	5,094,400	23.8%	%		$	5,302,026	24.7%	%		$	5,607,476	26.2%	%

Time Deposit Repricing	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	3,287,622	4.21%	%		$	3,426,185	3.79%	%		$	2,427,461	3.77%	%
From 4 to 6 months	3,340,791		3.79%	%		2,367,760		3.82%	%		4,007,405		3.71%	%
From 7 to 9 months	1,157,423		3.73%	%		2,426,103		3.85%	%		1,185,086		3.43%	%
From 10 to 12 months	1,253,435		3.73%	%		507,109		3.54%	%		558,606		3.25%	%

Borrowings (Effective Maturity)1	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	925,000	4.49%	%		$	730,000	4.30%	%		$	800,000	3.70%	%
From 4 to 6 months	—		—%	%		100,000		1.46%	%		—		—%	%
From 7 to 9 months	100,000		1.60%	%		—		—%	%		117,970		4.52%	%
From 10 to 12 months	—		—%	%		117,041		4.64%	%		150,000		3.81%	%
1 to 3 years	96,112		4.66%	%		—		—%	%		225,000		3.41%	%
3 to 5 years	18,564		0.04%	%		18,563		0.04%	%		993,562		1.06%	%
More than 5 years	851,411		0.86%	%		851,645		0.83%	%		201,879		4.57%	%
Total	$	1,991,087				$	1,817,249				$	2,488,411
1Includes junior subordinated debentures


			Balance				Cumulative Maturity/Repricing Through:
December 31, 2025			Fixed		Variable		3 Months				6 Months				12 Months				24 Months
Assets
Cash	$	734,915	— %	%	100 %	%	$	734,915	100 %	%	$	734,915	100 %	%	$	734,915	100 %	%	$	734,915	100 %	%
Investments	4,907,079		52 %	%	48 %	%	2,035,011		41 %	%	2,036,796		42 %	%	2,052,901		42 %	%	2,053,442		42 %	%
Loans	20,047,695		48 %	%	52 %	%	7,195,026		36 %	%	7,543,055		38 %	%	8,544,671		43 %	%	10,002,256		50 %	%
	$	25,689,689					$	9,964,952	39 %	%	$	10,314,766	40 %	%	$	11,332,487	44 %	%	$	12,790,613	50 %	%
Liabilities
Deposits	$	21,416,970	40 %	%	60 %	%	$	15,293,435	71 %	%	$	19,300,840	90 %	%	$	21,044,532	98 %	%	$	21,348,106	100 %	%
Borrowings	2,488,411		98 %	%	2 %	%	851,879		34 %	%	851,879		34 %	%	1,119,849		45 %	%	1,344,849		54 %	%
	$	23,905,381					$	16,145,314	68 %	%	$	20,152,719	84 %	%	$	22,164,381	93 %	%	$	22,692,955	95 %	%
1Includes the effect of derivatives.


	Quarter Ended
	June 30, 2025						September 30, 2025						December 31, 2025
	Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
Assets
Loans receivable	$	20,592,807	$	279,476	5.44%	%	$	20,143,956	$	271,787	5.35%	%	$	19,919,355	$	264,206	5.26%	%
Mortgage-backed securities	2,708,789		27,855		4.12		3,095,991		32,953		4.22		3,649,588		38,902		4.23
Cash & investments	1,683,378		21,544		5.13		1,506,416		19,284		5.08		1,443,462		17,290		4.75
FHLB Stock	106,816		2,839		10.66		89,504		2,510		11.13		104,133		2,097		7.99

Total interest-earning assets	25,091,790		331,714		5.30%	%	24,835,867		326,534		5.22%	%	25,116,538		322,495		5.09%	%
Other assets	1,721,710						1,704,915						1,735,851
Total assets	$	26,813,500					$	26,540,782					$	26,852,389

Liabilities and Shareholders' Equity
Interest-bearing customer accounts	$	18,769,137	146,735		3.14%	%	$	18,749,992	143,874		3.04%	%	$	18,676,059	136,214		2.89%	%
Borrowings	2,226,086		16,991		3.06		1,848,601		12,754		2.74		2,174,736		15,171		2.77


Total interest-bearing liabilities	20,995,223		163,726		3.13%	%	20,598,593		156,628		3.02%	%	20,850,795		151,385		2.88%	%
Noninterest-bearing customer accounts	2,493,365						2,605,377						2,636,122
Other liabilities	294,167						313,714						331,539
Total liabilities	23,782,755						23,517,684						23,818,456
Shareholders’ equity	3,030,745						3,023,098						3,033,933
Total liabilities and equity	$	26,813,500					$	26,540,782					$	26,852,389

Net interest income/interest rate spread			$	167,988	2.17%	%			$	169,906	2.20%	%			$	171,110	2.21%	%

Net interest margin(1)					2.69%	%					2.71%	%					2.70%	%


						# of Loans
Type of Loans	#Loans	AVG Size	Loans Amortized Cost			30	60	90	Total	% Based on #		$ Delinquent			% Based on #
December 31, 2025
Multi-Family	1,851	2,494		$	4,617,085	12	3	7	22	1.19%	%		$	37,609	0.81%	%
Commercial Real Estate	1,226	2,894		3,547,626		1	2	6	9	0.73			66,631		1.88
Commercial & Industrial	5,844	432		2,524,486		40	8	13	61	1.04			60,799		2.41
Construction	374	2,791		1,043,910		1	—	1	2	0.53			3,673		0.35
Land - Acquisition & Development	87	1,684		146,548		—	—	—	—	—			—		—
Single-Family Residential	20,355	379		7,709,942		45	16	67	128	0.63			40,712		0.53
Construction - Custom	89	656		58,371		—	—	2	2	2.25			2,055		3.52
Land - Consumer Lot Loans	827	100		82,490		2	2	4	8	0.97			415		0.50
HELOC	4,053	65		264,462		14	4	4	22	0.54			2,090		0.79
Consumer	6,954	8		52,775		35	19	36	90	1.29			406		0.77
	41,660	481		$	20,047,695	150	54	140	344	0.83%	%		$	214,390	1.07%	%

September 30, 2025
Multi-Family	1,851	2,502		$	4,631,321	—	3	4	7	0.38 %	%		$	20,644	0.45%	%
Commercial Real Estate	1,251	2,869		3,588,950		2	1	6	9	0.72			51,041		1.42
Commercial & Industrial	5,537	431		2,386,363		5	12	35	52	0.94			1,185		0.05
Construction	358	3,087		1,105,101		—	—	—	—	—			—		—
Land - Acquisition & Development	84	1,666		139,922		—	—	—	—	—			—		—
Single-Family Residential	20,773	382		7,936,931		55	20	65	140	0.67			46,088		0.58
Construction - Custom	134	584		78,243		—	—	1	1	0.75			760		0.97
Land - Consumer Lot Loans	874	101		88,696		2	1	3	6	0.69			332		0.37
HELOC	4,166	65		271,286		12	5	5	22	0.53			2,182		0.80
Consumer	6,620	9		61,525		25	14	45	84	1.27			353		0.57
	41,648	487		$	20,288,338	101	56	164	321	0.77%	%		$	122,585	0.60%	%

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%	%


Tangible Common Shareholders' Book Value	As of 06/25		As of 09/25		As of 12/25
$ Amount	$	2,270,034	$	2,297,482	$	2,286,322
Per Share	28.69		29.38		29.91

# of Employees	2,004		1,979		1,980

Investments
Available-for-sale:
Agency MBS	$	2,411,707	$	2,603,153	$	3,236,388
Other	975,790		930,048		905,897
	$	3,387,497	$	3,533,201	$	4,142,285
Held-to-maturity:
Agency MBS	$	512,854	$	645,802	$	764,794
	$	512,854	$	645,802	$	764,794


	06/25 QTR		06/25 YTD		09/25 QTR		09/25 YTD		12/25 QTR		12/25 YTD
MBS Repayments	$	94,310	$	221,903	$	113,640	$	335,543	$	117,282	$	117,282
MBS Net Premium Amortization	$	1,014	$	2,325	$	2,796	$	5,121	$	3,276	$	3,276


	06/25 QTR		06/25 YTD		09/25 QTR		09/25 YTD		12/25 QTR		12/25 YTD
Net Premium(Discount) Amortization on Acquired Deposits and Borrowings	$	(1,149)	$	(5,880)	$	(1,162)	$	(7,042)	$	(1,162)	$	(1,162)


Interest Rate Risk(b)	As of 06/25			As of 09/25			As of 12/25

NPV post up 100 bps shock		10.6%	%		10.9%	%		10.7%	%
NPV post down 100 bps shock		12.6%	%		12.9%	%		12.8%	%
Change in NII after up 100 bps shock		1.1%	%		(0.1%)	%)		(0.2%)	%)
Change in NII after down 100 bps shock		4.0%	%		4.8%	%		4.8%	%
(b)Assumes no balance sheet management actions taken.


Historical CPR Rates (c)
Average for Quarter Ended:	WAFD SFR Mortgages		WAFD GSE MBS
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%	%
9/30/2025	7.5%	%	13.7%	%
12/31/2025	9.6 %	%	13.3 %	%


			WaFd Fact Sheet Q1 2026			1


			WaFd Fact Sheet Q1 2026			2


			WaFd Fact Sheet Q1 2026			3


			WaFd Fact Sheet Q1 2026			4