WaFd: Fiscal Q4 Earnings Snapshot

SEATTLE (AP) — SEATTLE (AP) — WaFd, Inc (WAFD) on Thursday reported fiscal fourth-quarter earnings of $60 million.

The bank, based in Seattle, said it had earnings of 76 cents per share. Earnings, adjusted for non-recurring costs, were 85 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The holding company for Washington Federal Savings Bank posted revenue of $374.6 million in the period. Its revenue net of interest expense was $220.4 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $201.5 million.

For the year, the company reported profit of $255.9 million, or $3.21 per share. Revenue was reported as $814.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAFD at https://www.zacks.com/ap/WAFD