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WaFd targets 8%-12% active loan growth while expecting near-term net interest margin to be relatively flat (NASDAQ:WAFD)

by theadvisertimes.com
3 hours ago
in Business
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WaFd targets 8%-12% active loan growth while expecting near-term net interest margin to be relatively flat (NASDAQ:WAFD)
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Profitability was driven by loan growth, mainly in business (C&I) lending, stable expenses, efficiency gains, and acquisition-related accretion. Key risks include credit quality headwinds (notably a $54 million nonaccrual C&I relationship), higher credit provisioning, and increased deposit pricing pressure amid escalating competition and high interest rates.



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