WaFd (WAFD) Proxy filing summary

Executive summary

• Announced a strategic partnership and proposed merger between WaFd and EverBank, aiming to create a scaled, multi-channel banking franchise in high-growth markets.

• The transaction is expected to deliver significant value creation, including 29% 2027E EPS accretion and 25-45% implied share price upside.

• Forward-looking statements highlight anticipated financial and operational benefits, while acknowledging substantial uncertainties and risks.

• Shareholders are encouraged to review all proxy materials and SEC filings for comprehensive details on the transaction.

Voting matters and shareholder proposals

• Shareholders will be asked to vote on the proposed merger with EverBank at a forthcoming meeting.

• Proxy materials, including the definitive proxy statement, will be mailed to eligible shareholders and made available online.

Board of directors and corporate governance

• WaFd, EverBank, and certain directors and executive officers are identified as participants in the proxy solicitation process.

• Information on directors and executive officers is available in prior proxy statements and SEC filings.