WaFd, Inc. (WAFD) is gearing up to report first-quarter earnings after Thursday's closing bell, and Wall Street is watching to see if the Seattle-based bank can deliver on growth expectations.
Analysts are forecasting earnings of 75 cents per share for the quarter, which would mark a nice uptick from the 62 cents per share the company posted in the same period last year. On the revenue side, the consensus estimate sits at $192.83 million, compared to $171.13 million a year earlier. Both figures suggest the regional bank is building momentum.
In recent news, WaFd announced on January 8 that Colin Murphy joined the organization as Regional President for Northern Oregon, signaling continued expansion in the Pacific Northwest market.
Shares of WaFd fell 1% to close at $32.35 on Tuesday, trading right around where analysts have been setting their price targets.
Speaking of which, let's look at what some of the most accurate analysts have been saying about the stock heading into earnings.
Kelly Motta from Keefe, Bruyette & Woods maintained a Market Perform rating back on October 20, 2025, while trimming the price target from $32 to $31. Motta's track record shows a 65% accuracy rate, so the slight downward adjustment is worth noting.
Jeff Rulis at DA Davidson kept a Neutral rating on July 21, 2025, but raised his price target from $29 to $33. Rulis has a 57% accuracy rate, and his more optimistic target suggests he sees some upside potential even with a neutral stance.
Matthew Clark from Piper Sandler also maintained a Neutral rating on July 21, 2025, lifting his price target from $30 to $31. With a 72% accuracy rate, Clark stands as the most accurate of the three analysts, making his cautiously optimistic view particularly relevant.
The theme here? Analysts seem content to sit on the sidelines with neutral ratings, but the price target adjustments show they're generally seeing fair value around current levels. Thursday's earnings report should give us a clearer picture of whether WaFd can keep the growth story going.