WaFd (WAFD) Investor Presentation summary

Company overview and market position

• Established in 1917, with an IPO in 1982, and headquartered in Seattle, WA, operating 208 branches across 9 western states.

• Second largest bank headquartered in the Pacific Northwest, with $26.7B in assets, $20.3B in loans, and $21.4B in deposits as of June 30, 2025.

• Profitable every year since 1965, with 169 consecutive quarterly cash dividends and a 13,907% total shareholder return since IPO.

• Recognized by Forbes and Newsweek as one of America's best banks for multiple years.

Strategic direction and business evolution

• Transitioned over 15 years from a thrift to a full-service commercial bank, emphasizing both consumer and business banking.

• Focus on concierge-level customer service and holistic solutions for both businesses and consumers, delivered in-person and digitally.

• Business banking and commercial real estate segments aim to deliver credit and treasury solutions to foster client prosperity.

Market demographics and growth

• Operates in high-growth, high-income markets, with a weighted average median household income of $88,495 and projected income growth of 9.58% from 2025-2030.

• Significant loan and deposit growth in key states, with notable expansion in California following the LBC merger.