Document


	As of 09/25					As of 12/25					As of 03/26
Allowance for Credit Losses (ACL) - Total	$	221,220				$	221,039				$	224,450
ACL - Loans	199,720					199,539					201,950
ACL - Unfunded Commitments	21,500					21,500					22,500
Total ACL as a % of Gross Loans	1.04		%			1.05		%			1.05		%







Active Loan Types	09/25 QTR			09/25 YTD		12/25 QTR			12/25 YTD		03/26 QTR			03/26 YTD
Originations & Advances
Multi-Family	$	67,649		$	104,035	$	131,805		$	131,805	$	114,375		$	246,180
Commercial Real Estate	210,650			384,749		123,439			123,439		229,982			353,421
Commercial & Industrial	507,280			1,667,064		502,134			502,134		564,961			1,067,095
Construction	498,368			1,038,182		276,369			276,369		533,444			809,813
Land - Acquisition & Development	43,864			94,864		18,650			18,650		37,748			56,398
Consumer	44,962			206,943		40,745			40,745		41,550			82,295
	$	1,372,773		$	3,495,837	$	1,093,142		$	1,093,142	$	1,522,060		$	2,615,202
Repayments & Payoffs
Multi-Family	$	74,857		$	376,472	$	169,890		$	169,890	$	144,320		$	314,210
Commercial Real Estate	187,130			560,907		191,596			191,596		132,833			324,429
Commercial & Industrial	408,027			1,687,446		371,788			371,788		297,043			668,831
Construction	459,122			1,030,562		220,062			220,062		230,260			450,322
Land - Acquisition & Development	40,407			116,477		19,981			19,981		18,473			38,454
Consumer	55,707			208,658		49,090			49,090		36,475			85,565
	$	1,225,250		$	3,980,522	$	1,022,407		$	1,022,407	$	859,404		$	1,881,811
Inactive Loan Types
Originations & Advances
Single-Family Residential	—			211,686		—			—		30			30
Construction - Custom	15,840			95,835		—			—		—			—
Land - Consumer Lot Loans	—			7,340		—			—		—			—
HELOC	26,108			145,501		25,407			25,407		20,566			45,973
	$	41,948		$	460,362	$	25,407		$	25,407	$	20,596		$	46,003
Repayments & Payoffs
Single-Family Residential	226,780			916,903		270,137			270,137		232,157			502,294
Construction - Custom	10,467			77,143		12,799			12,799		8,628			21,427
Land - Consumer Lot Loans	7,286			26,841		6,254			6,254		5,702			11,956
HELOC	30,839			143,767		32,038			32,038		29,496			61,534
	$	275,372		$	1,164,654	$	321,228		$	321,228	$	275,983		$	597,211

Purchased Loans	$3,246			$113,069		$9,926			$9,926		$0			$9,926

Weighted Average Rate on Originations	6.87		%			5.99		%			6.22		%
Weighted Average Rate on Payoffs	6.35		%			6.31		%			6.12		%

Net Loan Fee Accretion	$	3,515		$	12,870	$	3,267		$	3,267	$	4,104		$	7,371
Net Discount Accretion on Acquired Loans	$	5,242		$	25,131	$	6,101		$	6,101	$	5,764		$	11,865

($ in Thousands)


	As of 09/25				As of 12/25				As of 03/26
Loans Receivable by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,718,480	22.2	%	$	4,698,342	22.3	%	$	4,750,092	22.2	%
Commercial Real Estate	3,604,600		17.0		3,561,865		17.0		3,670,285		17.0
Commercial & Industrial	2,392,685		11.2		2,530,666		12.0		2,798,568		13.1
Construction	1,756,890		8.2		1,742,158		8.3		1,955,180		9.1
Land - Acquisition & Development	179,099		0.8		177,768		0.8		197,044		0.9
Consumer	61,461		0.3		52,701		0.3		54,649		0.3
Total Active	12,713,215		59.8		12,763,500		60.7		13,425,818		62.6
Single-Family Residential	8,053,771		37.9		7,823,718		37.2		7,618,273		35.5
Construction - Custom	150,237		0.7		105,576		0.5		69,520		0.3
Land - Consumer Lot Loans	89,298		0.4		83,046		0.4		77,275		0.4
HELOC	267,871		1.3		261,240		1.3		252,319		1.2
Total Inactive	8,561,177		40.2		8,273,580		39.3		8,017,387		37.4
	21,274,392		100	%	21,037,080		100	%	21,443,205		100	%
Less:
Loans in Process	773,606				783,233				1,063,129
Net Deferred Fees, Costs and Discounts	212,448				206,152				211,143
Loans at Amortized Cost	20,288,338				20,047,695				20,168,933

Less:
Allowance for Credit Losses (ACL) - Loans	199,720				199,539				201,950
Net Loans	$	20,088,618			$	19,848,156			$	19,966,983

Net Loan Portfolio by Category	Amount		%		Amount		%		Amount		%
Multi-Family	$	4,605,368	23.0	%	$	4,591,242	23.2	%	$	4,646,676	23.3	%
Commercial Real Estate	3,546,962		17.7		3,505,521		17.7		3,611,179		18.1
Commercial & Industrial	2,327,200		11.6		2,462,384		12.4		2,722,472		13.6
Construction	1,086,965		5.4		1,025,434		5.2		940,245		4.7
Land - Acquisition & Development	133,027		0.6		139,326		0.7		160,874		0.8
Consumer	58,603		0.3		50,194		0.3		51,876		0.3
Total Active	11,758,125		58.5		11,774,101		59.3		12,133,322		60.8
Single-Family Residential	7,898,051		39.3		7,674,094		38.7		7,467,652		37.4
Construction - Custom	77,633		0.4		57,916		0.3		38,565		0.2
Land - Consumer Lot Loans	86,591		0.3		80,533		0.3		74,942		0.3
HELOC	268,218		1.4		261,512		1.4		252,502		1.3
Total Inactive	8,330,493		41.5		8,074,055		40.7		7,833,661		39.2
	$	20,088,618	100	%	$	19,848,156	100	%	$	19,966,983	100	%


Loan Contractual Term to Maturity or Repricing1	Amount		Rate		Amount		Rate		Amount		Rate
Within 3 months	$	7,597,733	6.74%		$	7,195,026	6.67%		$	7,186,683	6.57%
From 4 to 6 months	510,018		5.22		348,029		4.39		697,759		5.07
From 7 to 9 months	458,216		4.54		549,421		4.41		479,410		4.01
From 10 to 12 months	560,805		4.37		452,195		3.95		500,864		4.51
1 to 3 years	2,427,306		4.30		2,210,585		4.48		2,290,380		4.60
3 to 5 years	1,790,498		5.14		1,831,468		5.17		1,735,993		5.21
More than 5 years	6,943,762		4.20		7,460,971		4.18		7,277,844		4.18
Total	$	20,288,338	5.28	%	$	20,047,695	5.20	%	$	20,168,933	5.20	%
1Includes the effect of derivatives.


	As of 09/25					As of 12/25					As of 03/26
Loans by State	Amount			%		Amount			%		Amount			%
Washington	$	5,593,068		27.6	%	$	5,483,287		27.4	%	$	5,514,736		27.3	%
Idaho	916,571			4.5		889,654			4.4		897,510			4.4
Oregon	2,467,622			12.2		2,393,259			11.9		2,310,279			11.5
Utah	1,905,473			9.4		1,875,494			9.4		1,810,775			9.0
Nevada	809,737			4.0		810,694			4.0		794,031			3.9
Texas	2,313,800			11.4		2,323,979			11.6		2,472,011			12.3
Arizona	2,302,659			11.3		2,230,436			11.1		2,266,443			11.2
New Mexico	791,414			3.9		800,433			4.0		804,986			4.0
California	2,833,719			14.0		2,779,329			13.9		2,753,103			13.7
Other	354,275			1.7		461,130			2.3		545,059			2.7
Total	$	20,288,338		100	%	$	20,047,695		100	%	$	20,168,933		100	%

Non-Performing Assets	Amount			%		Amount			%		Amount			%
Non-accrual loans:
Multi-Family	$	19,121		15.0	%	$	31,710		16.5	%	$	34,385		27.7	%
Commercial Real Estate	69,972			54.4		68,501			35.8		4,682			3.8
Commercial & Industrial	11,047			8.6		58,180			30.4		54,728			44.2
Construction	3,400			2.6		3,400			1.8		—			—
Land - Acquisition & Development	—			—		—			—		—			—
Single-Family Residential	23,741			18.4		26,579			13.9		28,188			22.8
Construction - Custom	760			0.6		2,054			1.1		760			0.6
Land - Consumer Lot Loans	23			—		270			0.1		325			0.3
HELOC	412			0.3		481			0.3		593			0.5
Consumer	152			0.1		173			0.1		198			0.2
Total non-accrual loans	128,628			100	%	191,348			100	%	123,859			100	%
Real Estate Owned	11,084					8,738					8,125
Other Property Owned	3,310					3,310					—
Total non-performing assets	$	143,022				$	203,396				$	131,984

Non-accrual loans as % of total net loans	0.64		%			0.96		%			0.62		%
Non-performing assets as % of total assets	0.54		%			0.75		%			0.48		%

Net Charge-offs (Recoveries) by Category	09/25 QTR			CO % (a)		12/25 QTR			CO % (a)		3/26 QTR			CO % (a)
Multi-Family	$	182		0.02	%	$	—		—	%	$	81		0.01	%
Commercial Real Estate	—			—		(648)			(0.07)		(7)			—
Commercial & Industrial	577			0.10		4,191			0.66		124			0.02
Construction	—			—		—			—		—			—
Land - Acquisition & Development	(7)			(0.02)		(109)			(0.25)		(7)			(0.01)
Single-Family Residential	(4)			—		45			—		25			—
Construction - Custom	(2)			(0.01)		(2)			(0.01)		(2)			(0.01)
Land - Consumer Lot Loans	—			—		—			—		—			—
HELOC	(1)			—		—			—		(1)			—
Consumer	303			1.97		204			1.55		376			2.75
Total net charge-offs (recoveries)	$	1,048		0.02	%	$	3,681		0.07	%	$	589		0.01	%


	09/25 QTR			09/25 YTD			12/25 QTR			12/25 YTD			03/26 QTR			03/26 YTD
Efficiency
Operating Expenses/Average Assets	1.61		%	1.58		%	1.57		%	1.57		%	1.61		%	1.59		%
Efficiency Ratio (%)	56.82		%	58.92		%	55.25		%	55.25		%	55.66		%	55.45		%
Amortization of Intangibles	$	2,198		$	9,875		$	2,058		$	2,058		$	1,974		$	4,032

EOP Numbers
Shares Issued and Outstanding	78,186,520						76,448,351						73,855,919

Share repurchase information
Remaining shares authorized for repurchase	8,162,654						6,256,136						7,992,669
Shares repurchased	969,653			3,447,771			1,950,013			1,950,013			2,738,096			4,688,109
Average share repurchase price	$	29.74		$	29.56		$	29.75		$	29.75		$	31.85		$	30.98


	As of 09/25					As of 12/25					As of 03/26
Deposits & Branches by State	Amount		%		#	Amount		%		#	Amount		%		#
Washington	$	8,685,124	40.5	%	73	$	8,479,452	39.6	%	73	$	8,504,298	40.3	%	73
Idaho	935,047		4.4		21	936,443		4.4		21	926,134		4.4		21
Oregon	2,724,526		12.7		36	2,926,616		13.7		36	2,827,773		13.4		36
Utah	601,054		2.8		9	550,998		2.6		9	558,689		2.6		9
Nevada	559,906		2.5		8	532,178		2.5		8	544,906		2.6		8
Texas	760,636		3.6		5	1,171,402		5.4		5	961,614		4.5		5
Arizona	1,641,460		7.7		28	1,651,572		7.7		28	1,671,233		7.9		28
New Mexico	1,802,886		8.4		18	1,675,873		7.8		18	1,799,259		8.5		18
California	3,726,997		17.4		10	3,492,436		16.3		10	3,330,245		15.8		10
Total	$	21,437,636	100	%	208	$	21,416,970	100	%	208	$	21,124,151	100	%	208

Deposits by Type	Amount		%			Amount		%			Amount		%
Non-Interest Checking	$	2,567,539	12.0	%		$	2,692,680	12.6	%		$	2,577,976	12.2	%
Interest Checking	4,865,808		22.7			5,187,008		24.2			5,151,103		24.4
Savings	701,558		3.4			722,188		3.5			726,630		3.5
Money Market	4,171,627		19.4			4,264,098		19.9			4,291,212		20.3
Time Deposits	9,131,104		42.6			8,550,996		39.8			8,377,230		39.6
Total	$	21,437,636	100	%		$	21,416,970	100	%		$	21,124,151	100	%

Deposits Uninsured & Non-collateralized - EOP	$	5,302,026	24.7	%		$	5,607,476	26.2	%		$	5,333,317	25.2	%

Time Deposit Repricing	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	3,426,185	3.79	%		$	2,427,461	3.77	%		$	4,207,471	3.68	%
From 4 to 6 months	2,367,760		3.82	%		4,007,405		3.71	%		2,025,605		3.41	%
From 7 to 9 months	2,426,103		3.85	%		1,185,086		3.43	%		1,224,586		3.42	%
From 10 to 12 months	507,109		3.54	%		558,606		3.25	%		536,210		3.19	%
1 to 3 years	393,468		2.95	%		361,495		2.95	%		373,016		2.95	%
3 to 5 years	10,479		0.32	%		10,943		0.32	%		10,342		0.32	%

Borrowings (Effective Maturity)1	Amount		Rate			Amount		Rate			Amount		Rate
Within 3 months	$	730,000	4.30	%		$	800,000	3.70	%		$	1,425,000	3.85	%
From 4 to 6 months	100,000		1.46	%		—		—	%		118,879		4.52	%
From 7 to 9 months	—		—	%		117,970		4.52	%		150,000		3.81	%
From 10 to 12 months	117,041		4.64	%		150,000		3.81	%		—		—	%
1 to 3 years	—		—	%		225,000		3.41	%		225,000		3.51	%
3 to 5 years	18,563		0.04	%		993,562		1.06	%		993,562		1.09	%
More than 5 years	851,645		0.83	%		201,879		4.57	%		202,107		4.48	%

1Includes junior subordinated debentures


Historical CPR Rates (c)
Average for Quarter Ended:	WAFD SFR Mortgages		WAFD GSE MBS
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	%
3/31/2026	8.1	%		12.9	%


			Balance				Cumulative Maturity/Repricing Through1:
March 31, 2026			Fixed		Variable		3 Months				6 Months				12 Months				24 Months
Assets
Cash	$	669,799	—	%	100	%	$	669,799	100	%	$	669,799	100	%	$	669,799	100	%	$	669,799	100	%
Investments	5,097,985		55	%	45	%	1,918,085		38	%	1,995,497		39	%	2,011,710		39	%	2,019,411		40	%
Loans	20,168,933		48	%	52	%	7,186,683		36	%	7,884,442		39	%	8,864,716		44	%	10,277,822		51	%
	$	25,936,717					$	9,774,567	38	%	$	10,549,738	41	%	$	11,546,225	45	%	$	12,967,032	50	%
Liabilities
Deposits	$	21,124,151	40	%	60	%	$	16,954,392	80	%	$	18,979,997	90	%	$	20,740,793	98	%	$	21,080,946	100	%
Borrowings	3,114,548		98	%	2	%	1,477,107		47	%	1,595,986		51	%	1,745,986		56	%	1,970,986		63	%
	$	24,238,699					$	18,431,499	76	%	$	20,575,983	85	%	$	22,486,779	93	%	$	23,051,932	95	%
1Includes the effect of derivatives.


	Quarter Ended
	September 30, 2025						December 31, 2025						March 31, 2026
	Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
Assets
Loans receivable	$	20,143,956	$	271,787	5.35	%	$	19,919,355	$	264,206	5.26	%	$	19,916,014	$	262,148	5.34	%
Mortgage-backed securities	3,095,991		32,953		4.22		3,649,588		38,902		4.23		4,163,644		44,341		4.32
Cash & investments	1,506,416		19,284		5.08		1,443,462		17,290		4.75		1,410,981		15,711		4.52
FHLB Stock	89,504		2,510		11.13		104,133		2,097		7.99		135,738		2,534		7.57

Total interest-earning assets	24,835,867		326,534		5.22	%	25,116,538		322,495		5.09	%	25,626,377		324,734		5.14	%
Other assets	1,704,915						1,735,851						1,724,237
Total assets	$	26,540,782					$	26,852,389					$	27,350,614

Liabilities and Shareholders' Equity
Interest-bearing customer accounts	$	18,749,992	143,874		3.04	%	$	18,676,059	136,214		2.89	%	$	18,515,826	125,999		2.76	%
Borrowings	1,848,601		12,754		2.74		2,174,736		15,171		2.77		2,877,764		21,165		2.98


Total interest-bearing liabilities	20,598,593		156,628		3.02	%	20,850,795		151,385		2.88	%	21,393,590		147,164		2.79	%
Noninterest-bearing customer accounts	2,605,377						2,636,122						2,603,558
Other liabilities	313,714						331,539						319,343
Total liabilities	23,517,684						23,818,456						24,316,491
Shareholders’ equity	3,023,098						3,033,933						3,034,123
Total liabilities and equity	$	26,540,782					$	26,852,389					$	27,350,614

Net interest income/interest rate spread			$	169,906	2.20	%			$	171,110	2.21	%			$	177,570	2.35	%

Net interest margin(1)					2.71	%					2.70	%					2.81	%


						# of Loans
Type of Loans	#Loans	AVG Size	Loans Amortized Cost			30	60	90	Total	% Based on #		$ Delinquent			% Based on $
March 31, 2026
Multi-Family	1,850	2,526		$	4,672,599	14	1	10	25	1.35	%		$	48,153	1.03	%
Commercial Real Estate	1,224	2,984		3,652,683		3	—	2	5	0.41			2,692		0.07
Commercial & Industrial	6,237	448		2,791,133		58	14	15	87	1.39			62,239		2.23
Construction	355	2,696		956,957		—	—	—	—	—			—		—
Land - Acquisition & Development	83	2,031		168,566		—	—	—	—	—			—		—
Single-Family Residential	20,019	375		7,501,331		41	11	79	131	0.65			39,929		0.53
Construction - Custom	48	810		38,867		1	—	1	2	4.17			892		2.30
Land - Consumer Lot Loans	787	98		76,763		—	—	5	5	0.64			325		0.42
HELOC	3,951	65		255,352		12	4	7	23	0.58			1,895		0.74
Consumer	5,309	10		54,682		32	25	41	98	1.85			590		1.08
	39,863	506		$	20,168,933	161	55	160	376	0.94	%		$	156,715	0.78	%

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	%


Tangible Common Shareholders' Book Value	As of 09/25		As of 12/25		As of 03/26
$ Amount	$	2,297,482	$	2,286,322	$	2,235,772
Per Share	29.38		29.91		30.27

# of Employees	2,029		2,049		2,070

Investments
Available-for-sale:
Agency MBS	$	2,603,153	$	3,236,388	$	3,478,537
Other	930,048		905,897		873,721
	$	3,533,201	$	4,142,285	$	4,352,258
Held-to-maturity:
Agency MBS	$	645,802	$	764,794	$	745,727
	$	645,802	$	764,794	$	745,727


	09/25 QTR		09/25 YTD		12/25 QTR		12/25 YTD		03/26 QTR		03/26 YTD
MBS Repayments	$	113,640	$	335,543	$	117,282	$	117,282	$	107,198	$	224,480
MBS Net Premium Amortization	$	2,796	$	5,121	$	3,276	$	3,276	$	4,076	$	7,352


	09/25 QTR		09/25 YTD		12/25 QTR		12/25 YTD		03/26 QTR		03/26 YTD
Net Premium(Discount) Amortization on Acquired Deposits and Borrowings	$	(1,162)	$	(7,042)	$	(1,162)	$	(1,162)	$	(1,137)	$	(2,299)


Interest Rate Risk(b)	As of 09/25			As of 12/25			As of 03/26

NPV post up 100 bps shock		10.9	%		10.7	%		10.6	%
NPV post down 100 bps shock		12.9	%		12.8	%		12.6	%
Change in NII after up 100 bps shock		(0.1	%)		(0.2	%)		(0.1	%)
Change in NII after down 100 bps shock		4.8	%		4.8	%		6.2	%
(b)Assumes no balance sheet management actions taken.


			WaFd Fact Sheet Q2 2026			1


			WaFd Fact Sheet Q2 2026			2


			WaFd Fact Sheet Q2 2026			3


			WaFd Fact Sheet Q2 2026			4