Washington Federal, Inc.
WAFD, parent company of Washington Federal, today announced
earnings of $35,531,000 or $.33 per diluted share for the quarter
ended September 30, 2012, compared to $30,666,000 or $.28 per diluted
share for the same period one year ago, a $4.9 million or 18%
increase per diluted share. Earnings for the fiscal year ended
September 30, 2012 of $138,183,000 or $1.29 per diluted share, an
increase of $18,895,000 or 29% per diluted share from the prior year.
Higher earnings were driven primarily by lower credit costs due to
improved market conditions. Total credit costs were $55 million for
the year, a $78 million or 59% decrease from fiscal 2011. The
Company's ratio of tangible common equity to tangible assets ended
the quarter at 13.45% and its total risk-based capital ratio was
27.29%. Both of these ratios continue to be among the best of large
regional financial institutions in the U.S.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in