Washington Federal: Fiscal 1Q Earnings Snapshot
SEATTLE (AP) _ Washington Federal Inc. (WAFD) on Monday reported fiscal first-quarter profit of $52.9 million.
The Seattle-based bank said it had earnings of 65 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The holding company for Washington Federal Savings Bank posted revenue of $181.6 million in the period. Its revenue net of interest expense was $138.2 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $133.3 million.
Washington Federal shares have increased 4.5 percent since the beginning of the year. The stock has decreased 22 percent in the last 12 months.